Current Price = $0.16
This pricing is a response to the rights issue where it drops from $0.17. I just thought that it is quite unnecessary for raise more funds at this juncture because it will dilute the NAV and secured NAV as well. Moreover, they said that they will be in a position to seize opportunities that comes along the way does not really appeal me. I don't know when it will happen. If there is a delay, our dividends might be affected.
Just a quick data on how it looks like after rights issue. Price will be $0.155
Nevertheless, it may seem to be an opportunity to buy on weakness since its trading price is below secured NAV. I am heavily exposed to this counter already (having 157,000 shares) so I will just look forward to securing its rights and apply for excess. I look at it in totality and it still seems a good deal.