hoangvu90

Both preferred share and warrants are dilutive.
Warrants are by no means looking anti dilutive bcoz average share price is double the exercise price and they will not add anything to the numerator.
adding warrants will decrease the EPS from 4.8 (480,000,000/100,000,000) to 4.57 (480,000,000/105,000,000)
Preffered shares are also not anti dilutive bcoz: 20,000,000/15,000,000= 1.33 EPS which is less than 4.57 thus adding preffered shares also decrease the EPS.
adding Preffered shares the EPS will be as shown above that is 4.2
elcfa, correct me if am wrong