Capital raising plays since Jan 2009

Whilst we've crystallised more than $100,000 in losses over the past four years, our luck turned in March 2009 playing the capital raisings in Australia and the gross profits have unfolded as follows on a monthly basis:

January 2009: broke even
February 2009: broke even
March 2009: $10,170 profit
April 2009: $36,996 profit
May 2009: $31,639 profit
June 2009: $86,600 profit
July 2009: $28,293 profit
August 2009: $12,758 profit
September 2009: $32,229 profit
October 2009: $8901 profit
November 2009: $16,800 profit
December 2009: $2200 loss
January 2010: $2200 profit
February 2010: $750 profit
March 2010: $380 profit
April 2010: $400 profit
May 2010: $2,800 profit
June 2010: $390 profit
July 2010: $300 profit
August 2010: $1750 profit
September 2010: $110 loss
October 2010: $14,910 profit
November 2010: $1810 profit
December 2010: $1750 profit
January 2011: $1890 profit
February 2011: $1192 profit
March 2011: $210 loss
April 2011: $130 profit
May 2011: nothing meaningful
June 2011: $1150 profit
July 2011: $320 profit
August 2011: no trade
September 2011: no trade
October 2011: no trade
November 2011: no trade
December 2011: $900 profit
January 2012: $100 profit
February 2012: nothing meaningful
March 2012: $100 profit
April 2012: $510 profit
May 2012: $570 profit
June 2011: no trade
July 2012: no trade
August 2012: no trade
September 2012: no trade
October 2012: no trade
November 2012: no trade
December 2012: no trade
January 2013: gain of $4450.

Profits by quarter

March 2009: $10,170 profit
June 2009: $155,235 profit
Total 2008-09: $165,405

September 2009: $73,280 profit
December 2009: $23,501 profit
March 2010: $3330 profit
June 2010: $3590 profit
Total 2009-10: $103,701

September 2010: $1940 profit
December 2010: $18,460 profit
March 2011: $2872 profit
June 2011: $1280 profit
Total 2010-11: $24,552

September 2011: $320 profit
December 2011: $900 profit
March 2012: $210 loss
June 2012: $1080 profit
Total 2011-12: $2510 profit

September 2012: no trade
December 2012: no trade

Gross paper profits since January 2009: $296,168






Here is the detail of all the individual plays:

January 20, 2009
QBE Insurance: sold 67 at $23.80 after getting scaled back to only 50 shares in $5000 share purchase plan at $21.50 each.

January 28, 2009
Macquarie Office: bought 100,000 at 20c in entitlement offer, sold 75,000 at 19c and 22,000 at 21c for loss of about $500 which was covered by a third party under-writer.

February 4, 2009
Bank of Queensland: bought 654 at $7.64 in share purchase plan and sold 663 at $7.27 for marginal loss.

February 16, 2009
Bluescope Steel: bought 1613 at $3.10 in share purchase plan and sold 1635 at $3.19 for marginal profit.

March 6, 2009
Wesfarmers: bought 1000 at $13.50 through entitlement offer after applying for $200,000 worth and then sold 506 at $16.80 and 500 at $16.72 for a profit of $3160.

March 13, 2009
Commonwealth Property Office Fund: bought 6,250 at 80c in unit purchase plan and sold 6,565 at 94c for profit of $875.

March 16, 2009
Tabcorp: bought 1724 at $5.80 through two $5,000 share purchase plan offers and sold 1724 at $6.24 for profit of $750.

March 23, 2009
Newcrest Mining: bought 198 at $27 through $5000 share purchase plan and sold 198 at $34.20 for profit of $1425.

March 24, 2009
Suncorp: bought 2200 at $4.50 in entitlement offer and sold 2200 at $6.30 for profit of $3960.

Total March profits: $10,170



April 7, 2009
Fairfax Media: bought 83,333 at 75c in entitlement offer through two accounts and sold for average $1.08 to make $27,500 but about $8000 went to various financiers and under-writers.

April 16, 2009
IBA Health: bought 36,200 at 55c in entitlement offer and sold 36,200 at 63c for profit of $2896.

April 22, 2009
Ceramic Fuel Cells: bought 500,000 at 5c in entitlement offer, sold 200,000 at 6.3c, 47,704 at 6.1c and 240,000 at 6.2c for profit of $6150.

April 23, 2009
Dart Mining: bought 60,000 units at 5c in share purchase plan and sold 45,000 at 5.1c for marginal profit.

April 27, 2009
Northern Iron: bought 5000 at $1 in share purchase plan and sold 4,600 at $1.15 for profit of $450.

Total April profits: $36,996



May 1, 2009
Diversified United Investments: bought 5000 at $2 in share purchase plan and sold 5000 at $2.30 for $1500 profit.

May 6, 2009
Avexa: bought 261,000 at 7c through entitlement offer and sold 261,000 at 9.4c for profit of $6264.

May 7, 2009
Crane Group: bought 2000 at $7.50 through two marginally scaled back share purchase plans and sold for average $9.35 to make $3700.

May 8, 2009
Peet: bought 22,000 at $1.10 through entitlement offer, sold 7,000 at $1.42 and 15,000 at $1.43 for profit of $7190.

May 8, 2009
Every Day Mining Services: bought 125,000 at 4c in share purchase plan and sold 100,000 at 4c to break even.

May 14, 2009
Onesteel: bought 20,000 shares at $1.80 in entitlement offer and sold for average $2.20 generating a profit of $8000.

May 19, 2009
AXA Asia Pacific Holdings: bought 3,508 at $2.85 in share purchase plan and sold 3,508 at $3.84 for profit of $3472.

May 19, 2009
Mineral Deposits: bought 16,129 at 62c in share purchase plan and sold 16,219 at 63.5c for profit of $243.

May 20, 2009
Ramelius Resources: bought 9433 shares at 53c in share purchase plan and sold 8900 at 58c for profit of $471.

May 22, 2009
Devine: bought 21,231 at 47.1c in share purchase plan and sold 21,200 at 47c for negligible loss.

May 22, 2009
Fletcher Building: bought 1226 at $4.15 in scaled back share purchase plan and sold 1266 at $5.09 for profit of $1152.

May 27, 2009
GUD Holdings: bought 2439 at $6.15 in first $15,000 share purchase plan and sold 2,442 at $6.15 to break even.

May 28, 2009
Dexus Property Group: bought 6,154 in entitlement offer at 65c and sold 6,400 at 72c for profit of $430.

May 28, 2009
STW Communications: bought 10,869 in entitlement offer at 46c and sold 11,000 at 52.6c for profit of $717.

Total May profits: $31,639

June 1, 2009
Sky City Casino: bought 1700 in scaled back share purchase plan at $2.03 and sold 1,500 at $2.17 for profit of $238.

June 5, 2009
Horizon Oil: bought 100,000 at 10c in share purchase plan and sold 100,352 at 17c for $7000 profit.

June 5, 2009
Macquarie Group: bought 564 at $26.60 in share purchase plan and sold 554 at $37.20 for profit of $5978.

June 5, 2009
Aristocrat Leisure: bought 3077 at $3.25 in share purchase plan and sold 3,087 at $3.69 for profit of $1046.

June 9, 2009
Bluescope Steel: bought 48,387 at $1.55 in entitlement offer, sold 3,000 at $2.52, 3000 at $2.51, 2000 at $2.66, 4000 at $2.48, 2000 at $2.58, 5000 at $2.29, 16,129 at $2.50, 4000 at $2.67, 5000 at $2.50 and 4480 at $2.89 for crystallised profits of $47,800. About $13,000 went to financiers or other shareholders we financed.

June 12, 2009
Adelaide Brighton: bought 5600 at $1.78 in share purchase plans and sold 2,881 at $2.25 and 2800 at $2.33 for profit of $2894.

June 15, 2009
McMahon Holdings: applied for 61,250 shares at 32c in entitlement offer but scaled back to just 28 shares worth $8.60.

June 16, 2009
Bunnings Warehouse Property Trust: bought 13,333 at $1.50 in entitlement offer and sold 13,000 at $1.629 for profit of $1677.

June 17, 2009
Santos: bought 2675 shares at $12.50 in entitlement offer and sold for $14.10 for profit of $4280.

June 17, 2009
Seek: applied for $5000 SPP at $2.60 but scaled back to 1030 shares. Sold for $4.11 so profit of $1555.

June 17, 2009
Hastie: applied for 13,695 shares worth $15,750 at $1.15 each in entitlement offer but scaled back to virtually nothing.



June 18, 2009
Stockland: bought 33,398 at $2.70 in entitlement offer, sold 3000 at $3.07, 10,407 at $3.01, 5000 at $2.81 and 14,991 at $3.13 so overall gross profit $11,332.

June 19, 2009
Aspen Corporation: applied for $10,000 worth of shares at 30c but scaled back to tiny allocation.

June 22, 2009
Billabong: bought 4000 shares at $7.50 in entitlement offer and sold 4000 at $8.20 for gross profit $2800.

June 23, 2009
APN News & Media: applied for $15,000 worth of news shares at $1 in entitlement offer but scaled back to just $41 worth of new shares.

June 23, 2009
Clean Seas Tuna: applied for $3300 worth of shares at 55c in entitlement offer but scaled back to just 13 new shares.

June 24, 2009
Charter Hall: applied for $23,200 worth of shares at 33c in entitlement offer but scaled back to virtually nothing because billionaire John Gandel scooped up the entire retail shortfall. See announcement.

June 25, 2009
PanAust: applied for $24,000 worth of shares at 28c in entitlement offer but scaled back to extras equivalent to only 50% of tiny entitlement.

Total gross profits for June: $86,600



July 1, 2009
Lincoln Minerals: bought 125,00 shares worth $10,000 at 8c in entitlement and sold 50,000 at 8.9c, 50,000 at 8.6c and 25,000 at 8.5c for a profit of $875.

July 6, 2009
White Energy Company: bought 2333 at $1.50 in share purchase plan and sold 2618 at $2.19 for a profit of $1609.

July 7, 2009
Automotive Holdings: bought 12,500 at $1.20 in share purchase plan and sold 12,500 at $1.44 for profit of $3000.

July 8, 2009
Ausenco: $45,000 into three $15,000 SPPs at $3.20 but scaled back to $6000 and made profit of about $1200.

July 9, 2009
Cudeco: applied for $5000 SPP at $2.50 a share and sold for $2.48 to make tiny loss.

July 10, 2009
Graincorp: applied for $15,000 SPP at $6.25, scaled back to $7600 and exited for $6.90 to make a profit of $790.

July 10, 2009
Mirvac: applied for $10,000 through entitlement offer at $1 and sold for $1.10 to make a profit of $1000.

July 13, 2009
ANZ: bought 2074 ANZ at $14.40 through two SPPs and sold 1037 at $15.80 and another 1037 at $16.10 so overall profit $3214.

July 15, 2009
Eastern Corporation: spent $2100 in entitlement offer at 24c and sold for 27c to make profit of $262.


July 16, 2009
Asciano: savagely scaled back to less than 100 new shares after applying for $57,000 at $1.10 through two entitlement offers.

July 17, 2009
Australian Infrastructure Fund: savagely scaled back to just 50-odd new shares after applying for $20,000 in entitlement offer at $1.10.

July 20, 2009
Fantastic Holdings: bought 2173 through $5000 SPP at $2.30 and sold for average $2.681 to make $828 profit.

July 21, 2009
Atlas Iron: applied for $5000 SPP at $1.39, scaled back to 1600 shares which were sold at $1.81 to make a profit of $672.

July 27, 2009
Macarthur Coal: bought 7500 shares at $6 each for $45,000 through 3 different $15,000 SPP offers. Sold 1000 at $7.464, 2500 at $7.36, 2575 at $7.355 and 1490 at $7.66 for gross profit of $10,826.

July 27, 2009
Karoon Gas: bought 746 at $6.70 in $5000 SPP and sold 800 at $11.16 for SPP profit of $3327.

July 28, 2009
Austen Engineering: bought 3448 at $1.45 in $5000 SPP and sold 3458 at $1.65 for profit of $690.

July profits: $28,293

August 6, 2009
GME Resources: applied for $3000 at 5c and sold all 60,000 at average 6.8c to make a profit of $1080.

August 6, 2009
Northern Energy: put $5000 into $10,000 SPP at 35c and sold 14,200 shares at 37.8c to make a profit of $397.

August 6, 2009
Cockatoo Coal: bought into $15,000 SPP at 33c and sold 45,500 shares at 37.1c to make profit of $1865.

August 10, 2009
Macquarie Leisure: applied for $45,000 in three $15,000 SPP offers at $1.15 a share but scaled back to 1305 shares in total worth $1435 which were sold at an average $1.41 to make a gain of $340.

August 14, 2009
Roc Oil: bought 21,000 at 71c in SPP and sold for 77c to make profit of $1440.

August 14, 2009
Innamincka Petroleum: bought 71,000 at 20c in SPP and sold for 22c for a profit of $1420.

August 21, 2009
Asciano: put $30,000 into three $10,000 SPP entitlements at $1.10. Scaled back by 65% and exited for profit of $3626.

August 31, 2009
National Australia Bank: put $38,000 into three NAB SPP offers but scaled back to 394 shares costing $8471 and then exited for $28 to post a profit of $2500.

August profits: $12,758

September 1, 2009
CBH Resources: put $15,000 into SPP at 10c and exited for average 9.4c to lose about $1000.

September 2, 2009
Australand: applied for maximum $40,000 of overs in 40c entitlement offer and got full allocation. Exited at 48c to make profit of $8000.

September 8, 2009
Whitehaven Coal: $15,000 into SPP at $3.05 and exited for $3.45 to make a profit of $1976.

September 9, 2009
Intermoco: $10,000 into $15,000 SPP at 1.5c and exited at 1.7c to make gross profit of $1333.

September 10, 2009
Virgin Blue: $23,000 into two 20c entitlement offers with unlimited ability to apply for extras but with just 130 shares held by the wife and I, was scaled back to just $47.80 worth of shares and a paper gain of about $35.

September 14, 2009
Structural Systems: $15,000 into SPP at 78c which was scaled back by 24% or $3600. Exited at 85c for a profit of $1040.

September 16, 2009
Bendigo & Adelaide Bank: applied for $30,000 worth of shares across two entitlements and allocated 2000 shares at $6.75. Sold for an average $8.29 for a profit of $3083.

September 17, 2009
Goodman Group: $20,000 into two 1-for-1 entitlement offers at 40c with no scale back and exited for 58c to make a profit of $9000.

September 18, 2009
Energy & Minerals Australia: $15,000 into two entitlements to $15,000 SPP at 21c but scaled back to just $4084 allocation which were sold at average 25.7c for a profit of $914. Also sold 19,450 free options at 7.2c for a profit of $1400 so total profit $2314.

September 21, 2009
Hills Industries: $5000 into SPP at $1.40 but scaled back by 50% to 1786 shares. Exited at $1.94 for gain of $964.

September 21, 2009
Amcor: $25,000 into two entitlement offers at $4.30 but scaled back to 656 shares costing $2820. Exited at $5.56 for profit of $826.

September 22, 2009
Bank of Queensland: $8000 into entitlement offer at $10 with no scale back. Exited at $10.81 for profit of $648.

September 22, 2009
Sedgman: $10,000 into $10,000 SPP at $1.30 but scaled back to 2693 shares worth $3500 and exited at $1.695 for profit of $1063.

September 29, 2009
Skilled Engineering: $15,000 into SPP at $1.50 but scaled back to 666 shares worth $1000 and sold at $2.05 for a $366 profit.

September 29, 2009
Spotless: $15,000 into SPP at $2.16. No scale back and sold at $2.54 for a gross profit of $2642.

September profits: $32,229
October 5, 2009
Clarius Group: $20,000 into 1-for-3.5 entitlement offer at 64c but scaled back to just 10 new shares as formula was 2.3 times entitlement.

October 7, 2009
Cougar Energy: exited two scaled back $15,000 SPPs at 8.25c for 9.9c to make a profit of $2600.

October 7, 2009
Ramsay Healthcare: exited three heavily scaled back $15,000 SPP offers at $9.835 for average $10.52 to make profit of $200.

October 8, 2009
Gunns: $18,000 into entitlement offer at 90c. Scaled back to just 125 new shares so not even worth selling given only started with 114.

October 9, 2009
Folkestone: $7,200 into 2-for-1 entitlement offer at 15c. Got the lot and exited at 15.5c to make profit of $240.

October 12, 2009
Healthscope: $15,000 into SPP at $4.19. Exited at $4.59 for a profit of $1431.

October 15, 2009
TFS Corp: put $2000 into $15,000 SPP at 93c and exited for negligible loss.

October 16, 2009
Industrea: $15,000 into SPP at 40.92c and then exited at 44.5c for a profit of $1285.

October 16, 2009
Isoft: $15,000 into SPP at 77c and then exited at 86c for profit of $1755.

October 20, 2009
CMA Corp: $15,000 into SPP at 10c but exited for average 9.4c to lose $900.

October 20, 2009
Redflex Holdings: $10,000 into 1-for-12 entitlement offer at $2.04 but scaled back to virtually nothing.

October 21, 2009
Real Estate Capital Partners: $15,000 into SPP at 14.92c. 15% scale back and exited at 16.5c for gain of $1360.

October 23, 2009
Watpac: $30,000 into three $15,000 SPPs at $1.25 but scaled back to 2110 shares. Exited for $400 profit.

October 23, 2009
FEA: $10,000 into 1-for-1 offer at 7.5c with no scale back of extras. Exited for $300 profit.

October 26, 2009
Amadeus Energy: $5000 into $5000 SPP at 26c and exited at 30c for gain of $770.

October gains: $8901.

November 2, 2009
AWB: $40,000 into two entitlements to 1-for-1 offer at $1 with extras. Scaled back to $30,000 and exited at $1.20 for $6000 gain.

November 2, 2009
Bass Strait Oil: $10,000 into 2-for-3 entitlement offer at 3c with extras. Exited at 3c so lost about $400 getting on register.

November 3, 2009
Boart Longyear: $30,000 into two $15,000 SPPs at 27c. Scaled back to $19,500 and exited at 27.5c to make $300.

November 3, 2009
Brickworks: $15,000 into at $12.40 which closed October 23 with no scale back. Exited at $12.50 to break even.

November 3, 2009
Elders: $40,000 into two $20,000 SPP entitlements at 15c and received the lot. Exited at 17.5c for gain of $6700.

November 6, 2009
Myer: exited 1701 at $3.78 for loss of about $500.

November 9, 2009
MAP: $15,000 into entitlement offer at $2.30 but scaled back to virtually nothing.

November 12, 2009
Capral: applied for $20,000 in entitlement offer at 2.5c and exited 141,000 shares at 4.3c to make a profit of $2500.

November 13, 2009
Campbell Bros: $8000 into 1-for-6 entitlement offer at $22 with extras but scaled back to virtually nothing.

November 19, 2009
Kathmandu: $30,000 into two applications for flying blind float priced at $1.70 and scaled back to 12,940 shares costing $22,000. Exited at $1.73 for gain of $300.

November 19, 2009
Po Valley Energy: $15,000 into SPP at $1.55 and exited at average $1.53 to lose about $200.

November 19, 2009
Praemium: $20,000 into two 1-for-10 entitlement offers at 15c with overs. Exited at average 16.25c for gain of $1600.

November 25, 2009
Toro Energy: $15,000 into three $5000 SPP entitlements at 15c. Exited at average 15.33c to break even considering more expensive purchase prices.

November profits: $16,800

December 3, 2009
BBI: $15,000 into SPP at $5.08 and exited at $4 to lose $3200.

December 7, 2009
Amalgamated Holdings: $15,000 into 1-for-5 entitlement offer at $4.10 with overs. Scaled back to virtually nothing.

December 8, 2009
Moly Mines: applied for $45,000 worth of shares through three $15,000 SPP entitlements at 80c. Scaled back by 48% to $23,400 and then exited for negligible profit.

December 9, 2009
Penrice Soda: $14,000 into 1-for-2 entitlement offer at 70c with overs but scaled back to virtually nothing.

December 14, 2009
AMCIL: $10,000 into $15,000 SPP at 64c and exited at 67c for a gain of $450.

December 15, 2009
St Barbara Mines: $15,000 into 3-for-14 entitlement offer at 27c and got the lot. Exited at 29c for gain of $1100.


December 16, 2009
Tissue Therapies: $15,000 into SPP at 11.84c. Scaled back and sold all 12,622 at 13.5c for gain of $210 but after losses on original purchase result is barely break even.

December 21, 2009
QRX Pharma: $11,000 into 1-for-5 entitlement offer at 80c with overs. Exited at 76c to lose $550.

December 22, 2009
Ord River Resources: $10,000 into 1-for-3 entitlement offer at 4.5c with overs. Exited at 4.5c to break ever.

December 24, 2009
KFM Diversified: $20,000 into 1-for-6 entitlement offer at 70c with overs. Scaled back to tiny amount.

December 29, 2009
Clean Seas Tuna: $3000 into three $15,000 SPPs at 25c and exited at 26.5c for break even given higher entry price.

December result: lost $2200.

January 5, 2010
Avexa: $15,000 into SPP at 14c which was scaled back to $12,000. Exited at 16c for gain of $1700.

January 7, 2010
Commonwealth Office: $10,000 into SPP at 91c and exited at 97c for gain of $650.

January 22, 2010
Mirabella Nickel: $10,000 into SPP at $2.30 and exited at $2.30 to break even.

January 27, 2010
Over Fifty Group: $15,000 into SPP at 72c or 10% discount to VWAP. Final price 64c and exited at 63.4c to lose $150.

January profits: $2200

February 1, 2010
CBD Energy: $15,000 into SPP at 13c and exited at 12c to lose $1150.

February 2, 2010
Breakaway Resources: $10,000 into 1-for-3 entitlement offer at 6c with overs. Exited at 5.9c for tiny loss.

February 3, 2010
Contango Microcap: $15,000 into SPP at 87c and exited at 92.5c for a gain of $900.

February 4, 2010
Platinum Capital: $15,000 into SPP at $1.53 (5% discount to VWAP) and exited at $1.555 for profit of $200.

February 24, 2010
Powerlan: $5000 into 4-for-1 entitlement offer at 6c with overs and exited at 7c for gain of $830.

February profits: $750

March 9, 2010
Norfolk Group: $10,000 into 2-for-9 entitlement offer at 72c with overs but scaled back to just $13 allotment.

March 18, 2010
Charter Hall: $5000 into 2-for-5 entitlement offer at 65c with overs. Exited at 70c for gain of $380.

March profit: $380

April 15, 2010
Argo: $10,000 into 15,000 SPP at $6.31. Exited at $6.56 for gain of $400.

April 29, 2010
Catalpa Resources: $10,000 into entitlement offer at $1.25 with overs. Scaled back to virtually nothing.

April profit: $400

May 6, 2010
MMC Contrarian: $10,000 into 1-for-1 entitlement offer at 50c with overs. Got the lot. Exited at 55c for gain of $1000.

May 10, 2010
Kings Minerals: $10,000 into 1-for-5 entitlement offer at 6c with overs. Sold 41,375 shares at 8.7c to make profit of $1117.

May 14, 2010
Mirvac: $2000 into two $15,000 SPPs at $1.40 a share after placement. Exited at average $1.32 to lose $150.

May 18, 2010
Sundance Energy: $15,000 into SPP at 13.5c after placement. Exited at 13.5c to break even.

May 19, 2010
K&S Holdings: $15,000 into SPP at $2.56. Exited at $2.54 for tiny loss.

May 27, 2010
Supercheap Auto: $10,000 into $10,000 SPP at $4.80 after placement. Exited at $5.15 for gain of $700.

May profit: $2800

June 8, 2010
Mineral Deposits: $1000 into $15,000 SPP at 95c. Exited at 90c to lose $80.

June 10, 2010
CSG: $10,000 into SPP at $1.90. Exited at $1.92 to make net profit of $80.

June 24, 2010
Bradken: $5,000 into SPP at $7.05 and exited at $7.40 for a gain of $230.

June profit: $390

July 6, 2010
Gindalbie Metals: $10,000 into SPP at 93c, scaled back to $8700, exited at 97c for gain of $300.

July profit: $300

August 2, 2010
GUD Holdings: $15,000 into SPP at $8.30 or 2.5% discount to market. Closed July 21 and scaled back by 55%. Sold 768 at $9.42 for a gain of $860.

August 12, 2010
Cardno: $15,000 into 1-for 6 entitlement offer at $3.25 with overs. Scaled back to just 4 new shares.

August 16, 2010
Slater & Gordon: $5000 into $15,000 SPP at $1.40 after placement. Exited at $1.395 for tiny loss.

August 17, 2010
Mirrabooka: $15,000 into SPP at $1.60. Exited at $1.635 for gain of $300.

August 19, 2010
Tanami Gold: $7000 into 6-for-5 entitlement offer at 1.5c with overs. Scaled back to 24c.

August 24, 2010
SAI Global: $5000 into 1-for-7.2 entitlement offer at $3.60. Exited at $4 for gain of $555.

August profit: $1715

September 7, 2010
Gloucester Coal: $10,000 into 3-for-5 entitlement offer at $9.25 with overs. Exited at $9.17 for loss of $110.

September result: loss of $110

October 4, 2010
Transfield Services: $30,000 into two entitlements to $15,000 SPP at $3.13. Exited at $3.53 for gain of $3800.

October 11, 2010
MacArthur Coal: $30,000 into two cracks at $15,000 SPP at $11.33. Exited at $13.20 for gain of $4900.

October 11, 2010
Ampella Mining: $5000 into SPP at $1.95. Scaled back to $3086 and exited at $2.43 for gain of $750.

October 18, 2010
MEC Resources: $8,000 into 1-for-10 entitlement offer at 50c with overs. Got the lot and exited at 52c for gain of $300.

October 18, 2010
Premium Investors: $7500 into SPP at 5% discount to VWAP. Priced at 72c and exited at 74.6c for gain of $250.

October 26, 2010
Mirabella Nickel: $5000 into SPP at $1.60. Exited at $1.695 for gain of $260.

October 27, 2010
Spark Infrastructure: $17,000 into two cracks at 2-for-7 entitlement offer at $1 with overs. Completely shafted in scale back.

October 28, 2010
Karoon Gas: $15,000 into SPP at $7 and exited at $9.10 for gain of $4470.

October 29, 2010
Wide Bay Australia: $5000 into 15,000 SPP at $9.67 after placement. Exited at $10.07 for gain of $180.

October profits: $14,910

November 1, 2010
Gryphon Minerals: $15,000 into SPP at $1.25 after placement. Scaled back by 80% and exited at $1.34 for gain of $160.

November 3, 2010
Spark Infrastructure: put $17,000 into two entitlements to 1-for-5 offer at $1 but was scaled back to tiny investment despite a shortfall.

November 5, 2010
Thinksmart: $12,000 into 1-for-5 entitlement offer at 50c with overs. Scaled back to virtually nothing.

November 12, 2010
Bathurst Resources: $10,000 into 1-for-2 entitlement offer at 30c with overs. Scaled back to nothing.

November 22, 2010
QRxPharma: $15,000 SPP at 85c after placement. Exited at 95c for gain of $1750.

December 8, 2010
Kimberley Metals: $10,000 into SPP at 24c. Exited at 24.5c for gain of $180.

December 15, 2010
Warrnambool Cheese & Butter: $10,000 into 1-for-6 entitlement offer with overs. Scaled back to nothing.

December 21, 2010
Westfield Retail Trust: $13,750 into 1-for-4.23 demerger from parent with overs at $2.75. Exited at $2.65 for loss of $500.

December 21, 2010
Nomad Building Solutions: $6000 into 3-for-4 entitlement offer at 10c with overs. Exited at 11c for gain of $570.

December 22, 2010
Breakaway Resources: $12,500 into $15,000 SPP at 7.4c. Exited at 7.6c for gain of $310.

December 24, 2010
Brambles: $15,000 into SPP at 2.5% discount to VWAP which turned out to be $6.77. Exited at $7.16 for gain of $840.

December 24, 2010
Bow Energy: $15,000 into SPP at $1.15. Scaled back to $12,500 and exited at $1.17 for gain of $200. Refund of $2812.30 arrived by cheque on December 30.

December 31, 2010
K&S Corp: $5000 into 1-for-6 entitlement offer at $2.15 with overs. Got the lot. Exited at $2.24 for gain of $200.

January 4, 2011
Carnegie Wave: $5000 into $15,000 SPP at 10c which closed December 21. Exited at 10.5c for gain of $200.

January 6, 2011
Amcil: $15,000 into SPP at maximum of 64c or 2.5% discount to VWAP. Closed December 23 and exited at 66c for gain of $450.

January 18, 2011
Transfield Services: $10,000 into 2-for-9 entitlement offer at $3 with overs. Closed January 12 and scaled back to nothing given overs were restricted to anyone with more than 50 shares. Refund cheque arrived on Tuesday, November 25.

January 28, 2011
Maryborough Sugar: $15,000 into SPP at $3.15. Exited at $3.41 for gain of $1240.

January profit: $1890

February 1, 2011
Silex Systems: $15,000 into SPP at $5.40 or 10% discount to VWAP. Came in at $5.08 and exited at $5.50 for gain of $1220.

February 25
Golden West Resources: $1000 into $15,000 SPP at 80c. Exited at 77c for loss of $38.

February 2011 profit: $1192

March 3
Innamincka Petroleum: $10,000 into 1-for-3 entitlement offer at 11.5c with overs. Scaled back to allocation worth about $30.

March 10
Neptune Marine: $5000 into 3.6-for-1 entitlement offer at 5c with overs. Exited at 5.1c for gain of $70 after brokerage.

March 18:
Lincoln Minerals: $5000 into 1-for-7 entitlement offer at 15c with overs. Exited at 14.4c for loss of $200.

March 22
Engenco: $10,000 into 8-for-9 entitlement offer at 12c with overs. Got full allocation and exited at 12c for $30 loss on brokerage.

March 24:
Bunnings Warehouse Property Trust: $5000 into 1-for-4.84 entitlement offer at $1.70 with overs. Exited at $1.725 for gain of $43 after brokerage.

March 25, 2011
Altona Mining: $1000 into 2-for-5 entitlement offer at 31c with overs. Exited at 29c to lose $94 including brokerage.

March result: loss of $210

April 29, 2011
Australian Education Trust: $2000 into 3-for-10 entitlement offer at 75c with overs. Received full allocation and exited at 81c for gain of $130.

April result: profit of $130.

May 5, 2011
Lynas Corp: $5000 into SPP at $2.05 after placement at $2.07. Scaled back to 828 shares worth $1697 and exited at $2.02 for marginal loss.

May 18, 2011
Symex Holdings: $3500 into 5-for-14 entitlement offer at 42.5c with overs. Scaled back to virtually nothing despite shortfall.

May 2011 result: marginal loss

June 1, 2011
Southern Cross Electrical Engineering: $10,000 into $15,000 SPP at 90c after placement. Exited at 99c for gain for $1000.

June 7, 2011
NRW Holdings: $6000 into $15,000 SPP at $2.74. Exited at $2.82 for gain of $150.

June total: profit of $1250

July 1, 2011
Peet Ltd: $8000 into $15,000 SPP at $1.42. Exited at $1.47 for gain of $320.

September quarter result: gain of $320

December 23, 2011:
$45,000 into $100 Origin Energy note offer and exited at $102 for gain of $900.

December 2011 quarter result: gain of $900

January 30, 2012
Geodynamics: $15,000 SPP at 7.5% discount to VWAP or minimum of 13.5c. Only allocated $1000 worth of stock but exited at 16c for gain of $100.

February 1, 2012:
Growthpoint: 3-for-10 renounceable rights offer at $1.90 with overs. Applied for $25,000 and exited at $1.90 for no gain.

March 26, 2012:
Bendigo and Adelaide Bank: $6,000 into SPP at 2.5% discount to VWAP ($7.33). Exited at $7.47 for gain of $100.

March quarter result: gain of $200

April 5, 2012:
QBE Insurance: $5000 into $15,000 SPP at $10.70 but scaled back to nothing as only held 5 shares and 86,000 applicants were allocated 8.34% of holding.

April 10, 2012:
Austin Exploration: $10,000 into $15,000 SPP at 2.9c. Exited at 3c for a gain of $320.

April 18, 2012:
Blue Energy Ltd $15,000 into $15,000 SPP at 6.25c. Scaled back to $2000 and exited 32,000 shares at 7.5c for gain of $190.

May 2, 2012
Bank of Queensland: $10,000 into 8-for-37 entitlement offer at $6.05. Scaled back to 1000 shares and exited at $7.05 for gain of $970.

May 21, 2012
Cedar Woods: $15000 into SPP at $3.45 after placement. Exited at $3.40 for loss of $400.

June quarter result: gain of $1080.

Total 2011-12: $2510 profit

September quarter 2012: no plays

December quarter 2012: no plays.

January 22,2013
Ten Network Holdings: $230 million 4-for-5 entitlement offer at 20c with no overs. Didn't bother participating due to tiny holding and lack of overs. $12m shortall which was heavily in the money went to clients of under-writer Citi.

January 23, 2013
Western Areas: $30,000 into two $15,000 SPP entitlements at $3.80. Closed January 11, scale back to $70 investment, refunded on January 25.

January 24, 2013
MacMahon Holdings: $7500 into 2-for-3 entitlement offer at 16c with overs. Scaled back to $500 worth of overs. Exited at 28.5c for gain of $350.

January 25, 2013
BC Iron: $30,000 into two $15,000 SPP entitlements at $3.04 capped at $10m after $47m placement to fund iron ore expansion. Everyone scaled back to 77% of application. Exited January 25 at 3.59 for gain of $4100.

Engenco: $5500 into 3-for-2 entitlement offer at 15c with overs. Closed January 18 and trades January 30. Shares at 18c on Dec 30.

Webjet: $15,000 into SPP at $3.60 after recent placement to fund acquisition. Capped at $5m. Closed January 18 and trades January 30. Scaled back to 19% of investment.

Assessing the capital raising pipeline

Progen Pharmaceuticals: 1-for-1 entitlement offer at 21c with overs. Closed May 15, 2013. Declined to participate.

Cazaly Resources:1-for-12 entitlement offer at 16c with overs. Closes May 16, 2013. Declined to participate.

The Reject Shop: $15,000 SPP at $16.20 after placement to fund store rollout. Closed May 21, 2013. Participated in full.

CBD Energy: $15,000 SPP at 1.3c. Closed May 23. Declined to participate.

AV Jennings: 2-for-5 entitlement offer at 37.5c with overs. Closed May 24. In the money, but didn't participate.

Dyesol: $15,000 SPP at 16c.6c seeking up to $2m. Closes May 31 and trades June 10. Participated in full.

Tox Free Solutions: $10,000 SPP at $3.16 after placement. Closes June 7. In the money, may participate.

Aura Energy: $15,000 SPP at 8c per shares. Closes Tuesday, June 11. Currently trading at 8c so unlikely to participate.

Slater & Gordon: $15,000 SPP at $2.55 after placement to fund UK acquisition. Closes June 12, 2013.

Flexigroup: $10,000 SPP at lower of $3.99 or VWAP after placement. Closes June 5 and trades June 14.

Mirvac: two entitlements to $15,000 SPPs at $1.69 after recent placement. Closes June 17 and trades June 26.