Corporate actions · Homework calculator
Rights issue TERP (theoretical ex-rights)
Theoretical ex-rights price and cash to take up rights. Dilution if you let them lapse is a study label.
Score guide
Plain-English read on your result
You type rates
Fees & tax - not frozen in code
Educational only
Not a broker ticket or FBR filing
Formula
TERP ≈ (cum-price × old + rights-price × new) ÷ (old + new), using the ratio you enter.
Classroom: cum 100, rights 80, 10:1
TERP ≈ (100×10 + 80×1) ÷ 11 ≈ PKR 98.18. Cash to take up one new share in that ratio unit is PKR 80.
Result
HomeworkFill the fields on the left to see classroom math and a plain-English read of your number.
Understand your number
Theoretical ex-rights price - where the share might trade after rights, all else equal.
Typical homework range: Usually below cum-rights price because new shares dilute unless fully subscribed.
Score guide
| Range | Label | What it means for you |
|---|---|---|
| TERP < cum price | Normal dilution math | Not a target price - market can trade above or below TERP on sentiment. |
- TERP < cum price - Not a target price - market can trade above or below TERP on sentiment.
Rights need cash to subscribe - check the ratio on Filings.
Related with these numbers: Bonus shares and dilution (homework) · Cash dividend in PKR (gross) · Split or consolidation (homework)
Market ex-rights prints can differ. Not a take-up recommendation.
FAQ
Should I take up the rights?
This desk does not say. TERP is a study label so you can see dilution if you lapse.
Is the result a buy or sell signal?
No. It is classroom arithmetic. Compare with filings and a licensed broker before any real order.
Continue on high-volume hubs
Stay on the high-volume path: market today → stock list → company share price → beginners / metrics - tip check when a forward arrives.
- PSX market today
Pakistan stock market today in plain words - breadth, gainers, losers.
- PSX stock list
Browse all Pakistan Stock Exchange listed companies by name or sector.
- KSE 100 today
Educational constituent board - not the official index level on psx.com.pk.
- PSX gainers today
Biggest % rises among ordinary listed shares - homework, not a buy list.
- PSX losers today
Biggest % falls on the board. A drop is not an automatic bargain.
- How to invest in the stock market in Pakistan
Educational path: words, today’s board, one company, then a licensed broker - not a buy list.