I traded under 3 HINS for Mulitple SPP and float enetitlements for years.
Added a 4th HIN recently as well as a another PO BOX just to mix things up :)
Ten HIN's means u will apply $50,000 in the SPP
IVe got a few other spp plays on the go.
MEO @ $1 - Last traded $1.37 GGX @ 6c - Last traded 9c PES @ 69 - Last traded 96.5c
Under 4HINS, thats $60,000 If theese stocks remain at current levels .. $60Gs should be worth approx $85,000 in 6 weeks time.
SPP's are such an EASY low risk play / investment !
Trust me, I have done over 30stocks with spp plays!
However at the moment, my investment is approx $250 under each HIN, just so I can get the entitlement (you need to hold ONE (1) share in a stock to get the SPP entitlement). Very low risk !
Best of luck everyone..
Regards
PES Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held