Sunday, November 18, 2012

AIMS DRP (2Q FY2012): Not subscribing

I have received the AIMS DRP letter on Friday. Based on the current prices ($1.38) for AIMS, it is much lower than the DRP offer price of $1.4378. This makes it unattractive to apply for the DRP tis round. Looks like I will give it a miss for the DRP this round. If it drops further, I may buy more in the open market. The current yield for AIMS is about 7.2%

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