Shares & Derivatives
CDL Htrust rights are out
By Bully The Bear  •  August 2, 2017
The CDL H trust rights are out. I applied with DBS atm and I've received the refund this morning already. I don't have any mother shares before the whole rights exercise and before it goes XR, I bought 3000 mother shares at $1.645 each. My entitled rights for this 5 for 1 rights issue @ $1.28 means that I have 600 entitled rights. I applied for excess rights and got 500 shares. In summary: Mother shares: 3,000 Price of mother share before XR: $1.645 Entitled rights: 600 Excess rights: 500 Total rights: 1,100 @ 1.28 Average price before comms: $1.547 Average price after comms: $1.55411 Since the price of the ex rights mother share is now at $1.610, it's already in the money. Damn, I ......
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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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