25-05-2022, 06:19 PM
(25-05-2022, 06:15 PM)webinarian Wrote: I thought it is compulsory take over at 1.1949. It seems to be not the case. If so, no one would pay 1.20 or 1.21 to buy for something at value of 1.1949.At 63 cents, a really good catch!
Anyway, I bought it at 63c in 2020 March. They pay dividend at 67c which is more than 10% return. I take it as keep an FD of 10% interest.
Just imagine where can u get interest of 10% for FD at any banks?
.
IPO price was 93c.