Club Mulgoa

Thursday, May 24, 2012

SIH

I topped up on SIH recently but I only got a tiny parcel at the trough. Hence it was very expensive because of brokerage.  But for the remaining units, I changed the expiry date to the following month.   I could not get any more SIH but luckily the stock market had a mini-crash and I picked up the remainder.

Normally, with a placement, you are screwed.  But this time, the placement was only marginally before my buy price.  Hence I have actually done well out of SIH... relatively.  I hate placements!  They are the most unfair way for a company to raise money.  It implies the management can't care a stuff about the smaller shareholders.

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