LippoMall rights were issued on 10th November as part of a capital raising exercise to fund 2 acquisitions in Indonesia, Pluit Village in Jarkarta and Plaza Medan Fair in Medan. The rights opened at $0.089 and have traded down all the way to $0.045, closing at $0.046 today. Rights are basically a call option to buy the stock at a particular strike price, and if not exercised by expiry date, it becomes worthless. Now with a strike price of $0.31, the rights present a great opportunity to buy in at a big discount -> $0.31+$0.045 = $0.355 per unit. Back of the envelop calculations suggest that the forward dividend yield based on this price should be about 9.2%, which is extremely high for a retail REIT. *An update on the 15th Nov, the rights are now trading at only $0.035 which ......