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ROWSLEY LTD
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ravikp
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27-Aug-2009 21:24
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How much is the trading price of 'nil-paid' rights?
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tonylim
Master |
27-Aug-2009 19:01
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This stock is strongly supported by Peter Lim - the king of remiser. It has also divested into manufacturing in China. It will move towards 20 cents.
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ravikp
Member |
27-Aug-2009 18:45
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Anyone clarify me what is meant by 'nil-paid' rights...thanks | ||||
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keepnosecrets
Master |
26-Aug-2009 21:28
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Rowsley is issuing the rights cum warrants, so it is company's issued warrants. | ||||
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Alligator
Veteran |
26-Aug-2009 20:16
Yells: "learning from past " |
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if you are entitled shareholder, CDP sure will send you the document and forms to the registered address
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ravikp
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26-Aug-2009 20:11
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veteran where we can get this document? please donr mind..i am new to this rights shares..
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Alligator
Veteran |
26-Aug-2009 19:22
Yells: "learning from past " |
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just pick up your document from CDP/Rowleys , go to index page, check the 'participating banks', see if your DBS/POSB is listed inside, If answer is YES then you can use it. If not listed as participating, then cannot ! |
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ravikp
Member |
26-Aug-2009 19:08
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Thanks veteran by the way i have one more doubt..can i pay the payment for rights shares in POSB/DBS ATM..some one telling cannot..but i check with a ATM there is a option IPO/RIGHTS ...clarify me...
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Alligator
Veteran |
26-Aug-2009 19:03
Yells: "learning from past " |
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When company issue RIGHTS and warrant, the details will be in their announcement on SGX website. if you are entitled shareholder you get a thick book on all details, full of legal terms and languages I just copy here , so that you read and really can understand ::: Warrants. Each Warrant will, subject to the terms and conditions to be set out in an instrument constituting the Warrants (the “Deed Poll”), carry the right to subscribe for 1 New Share at an exercise price of S$0.10 (the “Exercise Price”), at any time during the period commencing on and including the date of issue of the Warrants and expiring on a date immediately preceding the 3rd anniversary of such date of issue. in plain language : Warrant has 3 year expiry , one warrant can convert to 1 mother share at 10cents each.
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ravikp
Member |
26-Aug-2009 18:48
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Senior now the rowsley given is what kind of warrant?
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keepnosecrets
Master |
26-Aug-2009 11:51
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To understand more of warrants, search the internet and you can find lots of resources to read up. There are several types of warrants in our local market. One type is the free or payable warrants given by listed companies to their shareholders for a variety of reasons. The other type is the financial institution issued warrants where it is not given to shareholders, but placed in the market for any interested investor who wants to buy the shares of the company at a certain price later. Both warrants are for buying the company's shares at a given price between the present and a future date fixed on issue of the warrants. Institution issued warrants also have the sell option, that means you have the optional rights to sell the shares at a matured date or earlier depending on the terms of the warrants. If you know about options, you would understand warrants. They are almost the same except that in company issued warrants, you have the rights to buy only. Institution issued warrants are more like stock options. In stock options, there are two ways, the right to buy and the right to sell. They are known as the Call and the put option.. Hope this helps.
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ravikp
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26-Aug-2009 11:30
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senior why the map teh is not moving...the counter is very quite
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keepnosecrets
Master |
26-Aug-2009 11:25
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The market sentiment is good and confidence returning with strong price movements over a broad base in the USA. Housing problems tackled well and stock prices in mortgage and finance are noticeably up. Heralding a good feel. Look at genting, look at the big, medium and small cap stocks. They are moving in good order. So I think Rowsley does not want to be the odd counter out.
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ravikp
Member |
26-Aug-2009 11:13
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what happened today..up up... | ||||
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ravikp
Member |
24-Aug-2009 20:53
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senior the problem is still i am not understand about the warrant issue..can you clarify me some more...thanks
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keepnosecrets
Master |
24-Aug-2009 16:13
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While calculating your average cost, don't forget that the market is also calculating the median trading price one day befor XR. To arrive at this price, without calculating the warrant entiltlement is : CR last close: 16 cents X 5 for Rts shares cost 6 cents X 2 = 800 + 120 =920 total and therefore divided by 7 = 131.43 or $0.131 cents per share XR Now the price is lower than the cum right price and your consolation is the 3/7 warr attached to every share of the 5 shares. |
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keepnosecrets
Master |
24-Aug-2009 11:23
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The other side of the story is if the mother share price fall below 10 cents, you burn the warrants and your average cost in playing rowsley will be higher than that calculated. | ||||
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keepnosecrets
Master |
24-Aug-2009 11:13
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To find your average cost you minus the prospective selling price of the warrant. Because the warrant strike price is 10 cents, and assuming that when it is listed the mother share is 12 cents, the advantage is 2 cents. So 30 lots of warr X $20 = $600.00. When you minus the 600 from you out of pockets, and average everthing, you can see your average price for portfolio value. We assume you subscribe 100 percent (no extra, no less) of the rights issue entiltlement. These are just approximate calculations. The scenario could be different, e.g. The mother share in the next few days go up to 15 cents, causing the potential price of the warrants to be about 5 cents. Thus your average price will be affected by the warrant prices. The more expensive the warrant prices traded, your average costs of your portfolio will be lower. |
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ravikp
Member |
24-Aug-2009 10:47
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senior why you deduct the warrant price (-600)..it should be add right.. 8750+1200+600=10550
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ravikp
Member |
22-Aug-2009 23:36
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Is it the extra lot come with a warrants?
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