27-04-2012, 02:22 PM
(31-03-2012, 02:42 PM)Temperament Wrote: [ -> ]NOL has postponed the issue of perpetual capital securities saying due to "unfavarouble market conditions or rather favorable market feedback". Ha! Ha! The collective wisdom of MR. MARKET is working after all. IMHO.
MISCELLANEOUS :: PROPOSED ISSUANCE OF the SINGAPORE DOLLAR-DENOMINATED PERPETUAL CAPITAL SECURITIES
Actually i am "losing out" but i always favour and respect Mr market's wisdom.
Vested 5 lots.
It seems like NOL is a big danger to hold on even if you are vested in 5 lots. It bleeds cash non-stop, it has huge capex, if the global economy doesnt show improvement in the next 2-3 years, it will probably have to raise rights again.. Low upside, large downside, not worth the bet