As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Tuesday, 9 November 2010

Right issue back again (3)

Read? Right issue back again (2)

Selling Rights?

Once you don't have the money to subscribe to the rights issue, you have become a sucker; but by selling away the rights, you just become a sucker slowly as your interests are diluted anyway.


  1. Hi Uncle8888,

    It's very true our share interests are diluted when we have no money to subscribe or for renounceable rights we sell away our rights, because we think it's not worth to subscribe.
    At this time we are really the suckers.

    For me, Nol is an example.
    But market turns around so quickly, that I am making paper profit on this stock that I wish I have subscribed for my rights. Then I would have made more.

    So not all rights issue make me a sucker.
    On the contrary, I am a sucker because I sell away some of them which are good for the future of the companies.

    The problem is it is not easy to judge which right issue is good or bad for the future of the company.

  2. Hi CW,

    I made $XX,XXX on AIMS AMP Capital Industrial REIT's recent rights issue. Does that make me a sucker? ;p

  3. No money to subscribe to rights is a sucker.

    If subscribed, not all right issues are bad. That is true.


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