Buying at current price i.e. 130 your average will be 127.56 hardly worth chasing IMO as its had a good run. If I held them I'd take up the rights for sure, in my case I'll wait and see what the NPL trade at.
Hi Simon, I am confused here. I have 750 DSY shares. I see I have 70 DSYN today. Are those free? Can I sell them? 750/100 * 9.38 = 70 shares. How do I buy these 70 shares DSY at R90? Must I have R6300 in my account cash to buy them? So do I accept the tick on the shares and elect to take them up, or how do this work. Really confused here...
At the current price of DSYN (R32), if you paid more than 125 for DSY to participate in the rights issue you'd be under water. I think a few got caught up in the hype that really didn't want the stock but thought could make a few quick bucks.
well, this was not really answered when posted above: " Using your calculations above , are you really wanting to know if you can make a quick buck out of this..average buy in at 123 and trading at 126 on Monday? Well, did anybody...make a quick buck?
Is the reason it traded over 130 on Friday not because some thought there was money to be made trading the NPL? If one had wanted DSY stock it turned out to be better purchasing it yesterday as opposed chasing it on Friday. That is way my comment that I Didn't think the NPL would trade at 36 as I felt the stock was being pushed purely to get their hands on the NPL, and for no other reason.
Ok - Some help please. I have NPL of R3000 to "sell" or spend R8000 to buy 90 shares (approx). I have followed this post but still can't see the "no brainer" answer with all the activity on this rights issue. Some advice please team. Thanks
I still don't quite know what answer your looking for, however if I was in your shoes I would take up the offer if that is an answer, as your pay 90 per share for what others are presently prepared to part with >125 per share