re: depression - surprising - still a profit So over five million 57c rights for FXR and over six million options for FXROA at one cent were not taken up by holders. I was planning to apply for more (there was a shortfall application form as well) but I did not have the cash at the time.
It would still have been profitable, as FXR now can be sold for 51c and FXROA for 12c giving a total of 63c or an 8% profit within a month or so. There will, I guess be an overhang now for a month or two if the underwriters (Findlay & Co) take it all up. Possibly seeing FXR trade down to just under 50c and FXROA to around 10c at which they break even or make a small profit. The 500,000 extra options at 1c Findaly would get will help out (cost $5,000 and sell for $50,000).
I don't understand the oblique references made in the previous few posts (Melbourne boys etc).
- Forums
- ASX - By Stock
- FXR
- depression
depression, page-8
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)