For the past one week, I was trying to buy the rights issue at a cheap price to reduce my capital investments. However, it went up so quickly that I did not have the chance to buy them. (Was queueing at 0.035 in hope for it to drop. Now it is at 0.055 which make it impossible)
After pondering for a while, I have decided and made an investment of 12,000 shares at $0.485 (instead of rights issue). This will substantially increase my shareholding of Cambridge and also gives me 10% yield with discount to NAV. Because of this investment, my annual returns is now at $4,200 from a total investment value of $46,000. This is about $350 per month.
There will be more to come because I still have 3,000 rights issue and I still intend to apply for excess rights. I hope to subscribe a total of 5,000 shares for this exercise. (Earning a small profit)
No comments:
Post a Comment