A CONFIRMED 5.3% CAPITAL RETURN FROM THIS STOCK?

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Dear readers, just some time ago, Global Yellow Page announced that it will be placing out rights shares priced at 20 cents per share in order to raise some funds for its business expansion. What surprised me was that the right shares at 20cents each was at a premium over the then trading price of Global Yellow Pages stock. Since the announcement of the rights issue, Global Yellow Pages stock price has increased. Based on yesterday’s closing, Global Yellow Pages stock are at 19 cents per share, still below the price of the rights.
At yesterday’s closing price, investors buying Global Yellow Pages will be enjoying a 5.3% capital appreciation provided the company proceeds with the rights issue. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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