Well I sold two thirds of my holding at $7.60 yesterday.
And sent my cheque for the full amount of the rights issue today.
Don't know if it will work, but didn't want to increase the size of my holding and thought the rights issue price was a long way below the current market. SGH getting too big now for me I think after this deal, one day I will be out and using my money to stake smaller growth plays.
Gosouth
SGH Price at posting:
$7.14 Sentiment: Hold Disclosure: Held