AVX
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0.00% 2.5¢ avexa limited

sell half now then decide to take up rights

  1. alacrity
    1,901 Posts.
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    07/04/09
    21:19
    Post #: 4992915
    I will sell half my holing now at market and then participate in the rights at 7c, That way I am effectively making the spread between the two but not ending up with any more shares.

    Also as I don't have to take up the rights untill the 27th of April this gives me an effective option on AVX untill that date. So I wont take the rights if the AVX share price falls below 7c.

    AVX Price at posting: 8.2¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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