Why AINV.N not move

Neluka Karannagoda · 1 Why AINV.N not move Wed May 24, 2017 2:10 pm

Neluka Karannagoda

Manager - Equity Analytics

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Since march 2017 the AINV.N not move with the market move. Is there any specific reason there ?
I have more than 500000 shares bought at the price of 0.70. What shall i do ? Sell at the same price of 0.70 or keep further ?

Please advice me

Thank you

DS Wijesinghe · 2 Re: Why AINV.N not move Thu May 25, 2017 4:02 pm

DS Wijesinghe

Senior Manager - Equity Analytics

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Neluka Karannagoda wrote:Since march 2017 the AINV.N not move with the market move. Is there any specific reason there ?
I have more than 500000 shares bought at the price of 0.70. What shall i do ? Sell at the same price of 0.70 or keep further ?

Please advice me

Thank you

This is not the right time to invest in their rights. Have you researched about the purpose of this rights issue? To me it appears purely for working capital.

It is very unlikely that the price will move up even if the dates are announced. In fact it could go the other way (down) once dates are announced. Because right now many must be holding like you, waiting for dates and the price to go up. Therefore chances are that it may come down once the dates are known

You can sell them for 0.80/- in the market now. If I were you, I repeat, if I were you I would say bye @ 0.80/-. You don't have to do what I would do in such a situation.