Author Topic: New issue entitlement - Australian Investing  (Read 405 times)

Little Bird

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New issue entitlement - Australian Investing
« on: October 16, 2019, 09:37:55 AM »
Hi all,
Just after a little advice. I have quite a few shares from when I was younger, I've basically just left them alone to grow as the dividends are all DRP. Now I invest in index funds.
However I have received some offers of discounted share purchasing for new issue entitlement. They look like pretty good offers as a discount but given I've changed my investment ways now I just wonder should I be putting more money in these individual funds, even though the prices are discounted, or should I concentrate on the index funds as normal?
Thanks

marty998

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Re: New issue entitlement - Australian Investing
« Reply #1 on: October 16, 2019, 03:05:07 PM »
What's the company that is doing the capital raising?

Little Bird

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Re: New issue entitlement - Australian Investing
« Reply #2 on: October 16, 2019, 03:09:13 PM »
Sea Link

marty998

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Re: New issue entitlement - Australian Investing
« Reply #3 on: October 17, 2019, 02:19:30 PM »
Look like they've just announced a company transforming acquisition and the share price has had a fire lit under it.

Absolutely would be the right call based on available info to participate in the raising at $3.50 a share, and then if you want to cleanse your portfolio, immediately sell on market at $5.00 a share.

Little Bird

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Re: New issue entitlement - Australian Investing
« Reply #4 on: October 19, 2019, 09:27:16 AM »
Thanks.