January 9, 2014
The following list ranks the best capital raising plays since the beginning of 2009. All gains are gross before brokerage and profit share with financiers.
It has been a good 2 years playing the capital raisings in Australia and the gross profits above $200 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: $2350 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 2010: $1890 profit
Profits by quarter
March 2009: $10,170 profit
June 2009: $155,235 profit
September 2009: $73,280 profit
December 2009: $23,501 profit
March 2010: $3330 profit
June 2010: $3590 profit
September 2010: $1940 profit
December 2010: $18,460
January 2011: $3110 so far
Gross paper profits since January 2009: $292,616
Here are the rankings from best to worst:
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.
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.
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.
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.
September 17, 2009 - Goodman Group: bought 50,000 shares at 40c through two entitlements and sold for 58c to make a profit of $9000.
September 2, 2009 - Australand: bought 100,000 at 40c in entitlement offer and sold at 48c for a gross profit of $8000.
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 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.
June 5, 2009 - Horizon Oil: bought 100,000 at 10c in share purchase plan and sold 100,352 at 17c for $7000 profit.
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.
May 6, 2009 - Avexa: bought 261,000 at 7c through entitlement offer and sold 261,000 at 9.4c for profit of $6264.
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.
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 profit of $6000.
June 5, 2009 - Macquarie Group: bought 564 at $26.60 in share purchase plan and sold 554 at $37.20 for profit of $5978.
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.
June 12, 2013 - Dyesol: $15,000 SPP at 16.6c seeking up to $2m. Expanded to $4m, heavily oversubcribed but everyone received 18% of application. Sold 16,100 shares at 44.5c for gross gain of $4,490.
October 28, 2010 Karoon Gas: $15,000 into SPP at $7 and exited at $9.10 for gain of $4470.
June 17, 2009 - Santos: bought 2675 shares at $12.50 in entitlement offer and sold for $14.10 for profit of $4280.
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.
March 24, 2009 - Suncorp: bought 2200 at $4.50 in entitlement offer and sold 2200 at $6.30 for profit of $3960.
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.
December 11, 2013 - FKP Property Group (now Aveo): 5-for-9 entitlement offer at $1.30 with overs of up to $100,000. $14,000 into two applications, scaled back by $4000 and finished with gain of about $3800.
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.
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.
August 21, 2009 - Asciano: bought 9543 shares after 65% scale back of three $10,000 offers at $1.10 and exited for profit of $3626.
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.
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 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.
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.
September 16, 2009 - Bendigo & Adelaide Bank: bought 2000 shares at $6.75 through two cracks at entitlement offer and sold for average $8.29 to make a profit of $3083.
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.
April 16, 2009 - IBA Health (no called Isoft): bought 36,200 at 55c in entitlement offer and sold 36,200 at 63c for profit of $2896.
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 22, 2009 - Billabong: bought 4000 shares at $7.50 in entitlement offer and sold 4000 at $8.20 for gross profit $2800.
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.
October 7, 2009 - Cougar Energy: applied for $20,000 into two $15,000 SPP entitlements at 8.25c but was scaled back by 35% and then exited at 9.9c to make a profit of $2600.
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.
August 31, 2009 - National Australia Bank: bought 394 shares at $21.50 through scaled back SPP and sold for $28 to make a profit of $2500.
September 18, 2009 - Energy and Minerals Australia: applied for $15,000 SPP at 21c but scaled back to $4084 worth of shares which were sold at average 25.7c for a profit of $914. Also received 19,450 free options which were sold for 7.2c to raise $1400 so total profit $2314.
September 8, 2009 - Whitehaven Coal: bought 4934 at $3.05 in $15,000 SPP and sold for $3.45 to make a profit of $1976.
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.
October 16, 2009 - Isoft: $15,000 into SPP at 77c and then exited at 86c for profit of $1755.
November 22, 2010 - QRxPharma: $15,000 SPP at 85c after placement. Exited at 95c for gain of $1750.
January 5, 2010 - Avexa: $15,000 into SPP at 14c which was scaled back to $12,000. Exited at 16c for gain of $1700.
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.
January 6, 2014 - Ansell: $15,000 into SPP at $18.50 after institutional placement to fund acquisition. Exited at $20.61 for gain or $1670.
July 6, 2009 - White Energy Company: bought 2333 at $1.50 in SPP and sold 2618 at $2.19 for a profit of $1609.
November 19, 2009 - Praemium Investors: $20,000 into two 1-for-10 entitlement offers at 15c with overs. Exited at average 16.25c for gain of $1600.
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.
May 1, 2009 - Diversified United Investments: bought 5000 at $2 in share purchase plan and sold 5000 at $2.30 for profit of $1500.
August 14, 2009 - Roc Oil: bought 21,000 at 71c in SPP and sold for 77c to make profit of $1440.
October 12, 2009 - Healthscope: bought 3667 at $4.19 in $15,000 SPP. Exited at $4.59 to make a profit of $1431.
March 23, 2009 - Newcrest Mining: bought 198 at $27 through share purchase plan and sold 198 at $34.20 for profit of $1425.
August 14, 2009 - Innamincka Petroleum: bought 71,000 at 20c in SPP and sold for 22c for a profit of $1420.
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.
September 9, 2009 - Intermoco: bought 666,666 at 1.5c in SPP and sold for 1.7c to make profit of $1333.
October 16, 2009 - Industrea: $15,000 into SPP at 40.92c and then exited at 44.5c for a profit of $1285.
January 28, 2011 - Maryborough Sugar: $15,000 into SPP at $3.15. Exited at $3.41 for gain of $1240.
February 8, 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.
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.
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 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.
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.
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.
September 22, 2009 - Sedgman: $10,000 into SPP at $1.30 but scaled back to 2693 shares worth $3500 and exited at $1.695 for profit of
$1063.
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