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24-03-2013, 03:15 PM
(This post was last modified: 24-03-2013, 05:21 PM by Temperament.)
(24-03-2013, 02:40 PM)Gaudente Wrote: only an idiot would purchase the shares on the last cum rights trading day ... the bargain is usually done by purchasing the rights (that usually trade at a discount to the ex rights shares) in their last trading days and then subscribing the new shares.
What a pity that me - being a foreign investor - cannot do that
Do you mean purchasing the "nil-paid-rights" and then subscribe after ex rights? But i think it's usually not trading at a discount to the theoretical ex rights shares price. And even if at a discount, no one is sure what the real ex rights price will be. So the fundamentals of the company and the reasons for asking you for "extra money" still count.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.