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Podcast: WorldWide Markets with Simon Brown
Episode: Purple rights issues, everything you need to know and do (#542)
Description: Simon Shares Bond ETFs yielding ±10%. That's chunky and they can go in a tax-free account. New INCOME ETF from CoreShares. Purple Group* (JSE code: PPE) rights issue. If you held the share yesterday at close on Tuesday 23 May you will see PPEN in your account. 10.20567 for every 100 Purple shares you held. Each PPEN (letter of allocation or LOC as some are calling it) entitles you to buy 1 new Purple share at 81c. You can take up that right and buy, or You can sell them in the market If you do N...