I FOMOed at the last chance to buy DBS (SGX:D05) to qualify for 1-10 bonus share which will XB on 22 Apr 2024.
Hence I decided to add some more shares as its share price corrected today.
There it goes. My order is filled at $35.61.
My last nibble was in Feb 2024 at $32.38
My initial purchase was in June 2023 at $30.80.
This addition will bring my holdings to 910 shares, positioning for 91 free shares and 1,001 shares in total after ex-bonus.
Technically I am averaging up because I added shares at a much higher price compared to previous purchases.
Considering the 1-10 bonus share offering, the effective cost per share is only $32.37. This is because, remember that on the ex-bonus (XB day), DBS share price will likely fall by around 10% to reflect the issuance in bonus shares amidst no change in its market capitalisation.
Theroretically, there is no big difference if we buy DBS shares now or after XD day. Of course...