Intelligent Investor

Model portfolios: Taking up our PMC rights

It's time to act on the PMC rights issue.
By · 9 Dec 2013
By ·
9 Dec 2013
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A couple of weeks ago we discussed two rights issues being offered by companies held in our model portfolios: FKP (being renamed Aveo) and Platinum Capital.

The former was an easy call and we took up our rights with gusto. The latter was more line-ball but with the share price moving up noticeably since, it has become more clear-cut.

The deadline for the offer is the 11th of December, so it’s important to act quickly if you haven’t already. We’ll be taking up the 1,500 and 2,400 shares that our Moderate and Aggressive portfolios are entitled to, respectively.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
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