An honorable member of the Coffee Shop Has Just Posted the Following:
Make 24%pa, as good as credit card companies
Some people faced margin-calls and forced to offload multi-millions worth of Hyflux Preference Shares (Important Note: Stock Code N2H). However, there is little liquidity in Singapore market and it sent the prices of N2H crashing to 92-93 level recently.
Assuming if you buy at 93 (including commission) + another 3% semi-annual interests, you reap 10% five months when Hyflux redeems these preference shares in April 2018 at par (100). It is...
Sammyboy Exclusive
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Make 24%pa, as good as credit card companies
Some people faced margin-calls and forced to offload multi-millions worth of Hyflux Preference Shares (Important Note: Stock Code N2H). However, there is little liquidity in Singapore market and it sent the prices of N2H crashing to 92-93 level recently.
Assuming if you buy at 93 (including commission) + another 3% semi-annual interests, you reap 10% five months when Hyflux redeems these preference shares in April 2018 at par (100). It is...
Sammyboy Exclusive
Click here to view the whole thread at www.sammyboy.com.