Invest
Increased my FIRST REIT from 48,000 shares to 75,300 shares
By CompoundingDividendxDividend  •  December 31, 2020
Sold 48,000 shares of FIRST REIT on 28 Dec at $0.36 Bought back 75,300 shares of FIRST REIT on 31 Dec at $0.23 Given the capital remain the same at $48,000 (Bought 24,000 shares @ $1 on 23 Jan & another 24,000 shares @ $1 on 29 Jan) with the above transaction, my FIRST REIT share average price is now $0.64 instead of $1. If I did not buy back 75,300 shares today, my real loss will be $30,720 (Excluding $2,620.80 of dividend collected and broker + SGX fees). What is the worst case scenario IF my this buy back stunt goes wrong? Real loss will be $48,000 Thus, my risk amount here is $17,280 I know many of you cant wait to run as far as you could from FIRST REIT, this CRAZY Mr CDxD still went in to buy....
Read the full article
By CompoundingDividendxDividend
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance