Pixie 40
Dont bother subscribing for additional shares in the rights, just subscribe for the guaranteed portion. The issue will be oversubscribed and you will just get a refund cheque.
Save that effort and buy the ordinary shares now. Post 07/09/06 when people realised that they could not pick up enough shares in the rights, there will be a rush for the ordinary shares.
Just look at the volume for the ordinary shares from 09/08/06 onwards (when it traded ex-rights), it has not been under 1,000,000 shares per day (at least twice the average turnover pre ex-rights).
A steady uptrend supported by strong constant volumne in poker terms is a "Royal Flush".
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