I pray it goes to 200 bob so i can get afew more shares before the rights, by the way i need some small advise on kplc i currently have paltry 1000 shares which is about 1 yr old now i bought at 180 per share sometimes october last last yr. Now i have intention to increase the shares by about 800,000 (New shares) and also further get the rights at about 400,000 so im hoping to inject about 1.2M on the shares.
1) I have 1m cash but i intend to sell of kcb (i bought kcb at 26 same time last year and they have been performing with snail speed now still at a loss, do you think its prudent to sell off my 12000 kcb shares at aloss and pump up onto to kplc? kcb have been moving upwards lately and am a little confused if i really wantt to get rid of it. which one do you think will make me profits first stay with kcb or change them to kplc?
2) I have been doing maths on either buying kplc shares and waite for rights issue, with options on 1) buy before books close on 8th sept and get 5 bob dividend and get the rights as well, or 2) waite for the price to drop further im hoping the price will continue going south as the rights date come closer ( Im praying hard for that any probabilty calculated will be appreciated) and buy low priced shares and forfeit dividends, mathematically which one do you think would give more profits?
3) Is it more profitable to buy rights? at the stock market rather than buy shares and pay for 40% allocated rights? thanks