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Teledata Rights
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Quantico
Member |
28-Jun-2007 15:47
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Hi mikikhoo, Assuming the price holds at 0.065, you are better off to subscribe for the rights at 0.015 Your cost is 0.055 (0.04 + 0.015) and you can sell at 0.065 For 50 lots, your profit is $ 500 (excluding charges) But the rights shares will only be issued on 18 Jul 07 and you can only trade on 19 Jul 07. The risk is 3 weeks of holding. Hope this helps. |
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sohguanh
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28-Jun-2007 14:28
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mikikhoo: are you buying teledata purely for making monies OR do you wanna participate in the future growth of the company? once you know wat u wan you will choose the appropriate path :P |
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mikikhoo
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28-Jun-2007 14:20
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if i have 50 lots of teledata, pls advise if these following ar correct : 1) if i want to subscribe for the rights, i can go to ATM to pay for it. 2) if i don't want to subscribe, i can sell now in the market? Assuming price is 0.04 * 50K ( b4 brokerage fees ) i will get back $2000 cash now? What do you think the price will be after execrise of rights? Assuming the price is 0.065 i was thinking which is a better option, to execrise the rights or sell away & take profits straight away? Kindly advise? |
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