Buy BLUE.R000 & R1,
Only 2.5Mn shares available @ .10, & another 2.5Mn @.20
So, total 5Mn below .20 cents & below. That mean Only (2.5*.10)+(2.5*.20)=RS 750,000:D
So, China man will push both BLUE.N above 2.2/- & BLUE.X above 1/- to get the right money.
Their expected right cash is as follows
Voting - Rs. 1.30* 103,300,891 = 134,291,158
Non-Voting - .75* 153,369,800 = 115,027,350
So, if they need 256 Mn cash, they should push BLUE.N to 2.2 & BLUE.X to 1/- then only people will subscribe for rights
Otherwise who will pay .75 cents to get BLUE.X when it is trading in da mkt around .70 to .80
Then think about rights R.0000 will go up to.80 to .90 & R.0001 to .30 to achieve Chinaman target.
My target is to collect 2.5Mn R0001 @ .10 tomorrow (Disclose: Already bought 750,000 shares @ .10
)
Don't think it will rock 2moro
, cozmkt will start from Friday (02.01.2014)
Another good point is last right trading day is 12.01.2015 ..... too long to goo
This is not a promotion
This is da explanation given my my broker who help me to earn nearly 500,000 profit from recent rights (ACME.R , RHL.R0001, ATL.R)
This what my loving broker's advice
Happy BLUE trading