PAPERING OVER THE FACT
I wanted to bring to your ur attention some incorrect ct Sappi information used d for the share price graphic ic in the 29 August issue e of Finweek. The Sappi i share price before and after their rights issue at the end of 2008 is being confused. In order to have an ‘apples to apples’ comparison, the price ce from five years ago essentially should be halved because shareholders received double their shares through the rights issue. While the Sappi price today is still below that which it was five years ago, the number wouldn’t be nearly as dramatic
Your thoughts? Well, yes and no.
The share price we offered in the infographic