Regency Alliance Insurance rights issue: Is it worth taking up?

Here's a walkthrough Regency Alliance Insurance rights issue and the options investors have. Here are the timestamps. [00:01] Disclaimer & Introduction: Context that this breakdown is for educational purposes and not specific investment advice.[00:24] Rights Issue Details: Breakdown of the 3.22 billion share offer, including the 1-for-5 basis, the eligibility date, and key timeline dates.[00:43] Utilization of Proceeds: How the money raised will be split, primarily targeting the statutory deposit (40%) and e-business/retail expansion (29%).[01:35] Financial Statement Analysis: Review of core insurance service results, revenues, expenses, and investment income across recent years.[02:41] Return on Equity (ROE) & Value Destruction: Discussion on how the firm’s equity returns fall short of its estimated cost of equity.[03:44] Is the Rights Issue Worth It?: Assessment of the stock's post-rights book value vs. the current market reality.[04:49] Pricing Dilemma & Final Verdict: Analysis of why the 95 kobo rights issue price is less appealing given the lower open market price (79 kobo) and external liquidity shifts.You can watch the video for more context. Link below. https://youtu.be/HFixYLXxwJ4