FCOT @ $0.18

Sell @ $0.18. Yield (Proforma – Rights) @ 5.889%, almost on par with CMT! Am betting that it’ll drop to $0.15 or lower (TERP was $0.131 for 8% yield) when the new rights shares are listed. Will use creative accounting so that I won’t recognise a big loss based on my buy price (will offset the profit from the rights shares @ $0.095 against the cost of the original shares)! Buyer ’31’ – DMG. 😀