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