KrisEnergy Rights Issue – Don’t Overeat
The results of my third and last rights issue of last month was finally out last week, but due to work, I had to postpone writing this blog post.
This is an interesting case, where after the rights issue was issued, the share price moved futher south. Wisely, I chose to take up a small amount of rights, and thus I didn’t incur a high paper loss, as I can easily average down the price later on when oil prices start climbing again, which – at the point of writing – did happen. Will patiently average down with my Standard Chartered trading account.
As in real life, not overeating (or in this case, not subscribing too much) does well in preventing weight-related diseases in the future!