Shares & Derivatives
Croesus rights allocation is out
By Bully The Bear  •  November 3, 2015
A quick update before I start work. The rights allocation for Croesus is out. I haven't got the refund of money yet in my bank account and to check how many rights you're allocated, just go to CDP site here, log in (hopefully you've got all the password and token access) and check how many rights you have. I have 10,000 shares of Croesus and I have 13,100, so I know my entitled amount is 2,200 and excess is 900 shares. Since I have full rounding, I'm pleasantly surprised to see that I have excess. Not too bad at all. My strategy for the rights is to subscribed for all the entitlement and double it to apply for the excess. From experience of rights exercise from reits, the excess never exceeded the amount of entitled rights, so this is a sound strategy. You also don't want too many when ......
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By Bully The Bear
La papillion is french for butterfly. This blog chronicles my journey from an amateur in the stock market to where I am today. Have I turned into a beautiful butterfly? I don't know, but I think my metamorphosis is still on-going now :)
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