Buy @ $0.36. Taking risk here. Just announced rights issue @ $0.159 + placement @ $0.28 (no entitlement for div of 1.939ct + special div ~0.95ct). 22Mil shares done in married deal this AM, most likely by one of existing s/h who’s getting the discounted placement shares. Support should be ~ $0.31 (ie $0.28 + div). Proforma figures : Yield 9.3% @ TERP $0.223 (mkt $0.41) ; NAV $0.31 ; Gearing 29%. Seller ’70’ – CLSA 😀
4:34pm
Buy @ $0.355. Didn’t remove from buy Q and got done! Seller ’28’ – OCBC.
16:34:49 0.355 100,000 Buy Up
16:34:39 0.355 559,000 Sell Down
16:33:48 0.360 218,000 Sell Down