TSI top shelf international holdings ltd

The record dates are end of June and end of December. The 9/3/11...

  1. 124 Posts.
    The record dates are end of June and end of December. The 9/3/11 was just the end of the DRP pricing period where they calculate what the price of the DRP shares will be minus 5%.

    So today looks like the start of the rise to normal trading levels. 9.6% jump on a red day. I must say that I expected it yesterday, but it actually dropped to $0.52 during the day, and I thought I was lucky to jump in at $0.53 on the day before (last day of DRP period). Anyway, a day late, who cares, its up today, hope it keeps travelling in that direction.

    Obviously there's some instos out there with big holdings where they can afford their bots to dump hundreds of thousands of shares and drive the price down to get a cheap DRP price. It seems only worth it if the amount of shares they dump, equals the amount of shares they will receive as part of the DRP program. Otherwise, I can't see how it would be profitable for them. I suppose if 2 or 3 instos jump on board, then it spreads the work.

 
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