Sure-win lottery?

I really wanted to write an article on this over the Labour Day weekend at the start of May, but somehow procrastination set in, and with my busy schedule, somehow I forgotten to comment on this rights issue. My humble apologies to my readers, and I promise that the next article would be of more interest. Well, basically, it’s another classic case of being unable to “digest” the acquisitions, as per OUE C-REIT last year – therefore, a rights issue was required. I was able to capitalize on this by buying a small stake on OUE Hospitality Trust before ex-rights, and oversubscribed by 4 times to the rights. I was expecting to get the same amount of shares that I got, but to my surprise, i was allocated twice the amount that I originally got. In short, I basically tripled my shareholdings through the rights issue. This is relatively “expensive” since I ......