Im confused They say its renounceable but if you don't take up your full entitlement you lose the remainder of it There is no mention of a trading period for the rights etc
So I would have thought its a NON renounceable issue So not sure about that 50c for your rights I think I might be caught between a rock and a hard place in my super fund (Australian Super - member direct -any one else in this ?) I am fully loaded up to the limit 20% in APA so technically cant buy any more ie the rights Might have to get eligible then dump some then buy back As I said I will need to think this through carefully
Does any one see any arbitrage opportunity here ?
Greggy
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