I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

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

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Monday, 14 March 2011

Bought back Cambridge (CIT) at $0.51 (2)

Read? Bought back Cambridge (CIT) at $0.51

Someone asked me why I bought CIT? Good?

I last bought CIT at $0.455 and sold at $0.545. I bought back at $0.51 to subscribe for right issues and some excess at $0.429 which is lower than my last purchase price at $0.455.

So it is just simple Maths for me to do a fair deal. It has nothing to do with TA or FA.



Rights Issue will be offered on a 1-for-8 basis (fractional entitlements to be disregarded) at a price of S$0.429 per Rights Unit (the "Issue Price") which is at a 15.0% discount to the closing price of S$0.505 per Unit on the SGX-ST on 10 March 2011 and a 13.7% discount to TERP
Posted by Createwealth8888 at 17:32
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