What happens to CFD short position re capital raising

[skc]

I have a short CFD position on a share that's gone into a trading halt pending a capital raising. Reading the CFD provider's PDS, they will make some adjustments to the share base on theoretical ex-rights price (or similar).

Has anyone been through this and what was the outcome?

 

[skyQuake]

I have a short CFD position on a share that's gone into a trading halt pending a capital raising. Reading the CFD provider's PDS, they will make some adjustments to the share base on theoretical ex-rights price (or similar).

Has anyone been through this and what was the outcome?

Rights issue - Gets adjusted (nothing much happens to ur P/L)

Placement/SPP - No adjustment (u win)

Placement+Rights - Adjusted to the extent of the rights issue (u win less)

 

[skc]

Rights issue - Gets adjusted (nothing much happens to ur P/L)

Placement/SPP - No adjustment (u win)

Placement+Rights - Adjusted to the extent of the rights issue (u win less)

Thanks mate.

"Placement. Placement. Placement." *Chanting

 

[skc]

Thanks mate.

"Placement. Placement. Placement." *Chanting

For the record the share was TZN. They did a nice big placement and share opened 15% lower. No adjustment on the P/L so far