Extra 200 shares of Genting SP from excess application of rights issue
I got an extra 200 shares of Genting SP after applying for excess of rights issue the other day. I applied extra 1000 shares and i got 200 shares extra which is 20% of what i applied for.
After the extra 200 shares at $0.80 my total amount of shares of Genting SP has increased to 19000 shares.
My average cost now stood at :-
(18800 + 200)shares = 19000 shares
Average price the other day : $0.8296
New average price : $0.8293
Conclusion
I have now collected 19000 shares of Genting SP at the average price of $0.8293 and will be looking forward maybe to another 6000 shares if the price is right. Any of you got any extra from your excess applications?
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2 Responses to “Extra 200 shares of Genting SP from excess application of rights issue”
By Hua Pin on Oct 28, 2009 | Reply
I just bought 9000 genting sp unit at 1.1 and 10000 unit at 1.1.
How long you will hold this genting SP stock?
By Kampung Boy on Oct 28, 2009 | Reply
I think i will hold this stock for quite long time. Put it under my pillow. How long i really don’t know but i don’t think i will sell anything less then $2.50
So i will just keep it and take it as my extra high return Fixed Deposit (FD)!
Let’s sail together or sink together k bro? Huat ah…