The smallest investors did really well (anyone who had less than ~$60K did better than the instos). Those above ~$60K were diluted more than 10% (and therefore did worse than the instos ... and a lot worse than smaller shareholders).
On average small investors did better than the instos - so nothing to complain about as a group.
I support CCP in scaling back. Extra capital would have effected ROE and therefore the SP.
However, I too would have liked the issue to be proportional on existing holdings. The methods to do this are more expensive tho so there is a trade-off for the board to consider.
Ann: Credit Corp closes Share Purchase Plan, page-18
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$15.70 |
Change
0.150(0.96%) |
Mkt cap ! $1.068B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 690 | $15.66 |
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| Price($) | Vol. | No. |
|---|---|---|
| $15.78 | 523 | 1 |
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