Two questions to the current AEG shareholding "comrades" :
1 - If you are currently holding shares are you going to take up the upcoming rights offer? Yes or No
For me it is not a matter of being diluted. With this many shares in issue and a share price at 3-4c it almost becomes irrelevant for me. It is more a question of believe in the company to decide if you want to give them more of your money or not.
2 - I am currently holding shares with an average cost of just below 2c (as I presume many of you do). My initial thought was to sell out at 5c (150% gain). I am now starting to think this exit price of myne might be to low. Am I now being to greedy or are there sold evidence/reasons out there to suggest holding out to maybe 10c or more?
I know everyone need to make and are responsible for their own decisions but I will appreciate any other opinions and feedback.
1: Yes, I will take up the rights offer. Since ¨only¨ 6.7 billion shares will be issued we will probably be offered 1 share for every +/- 9 we hold. Its going to be interesting to see what the NPL´s sell for but I will try and accumulate more if the price is right.
2: The company is on track for earnings per share of 2 cents + (if the non core business is taken out) , even with the diluted shareholding .So yes I think a share price of 10 cents plus with 2 years is possible