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ROWSLEY LTD
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keepnosecrets
Master |
21-Aug-2009 14:51
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NO!
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keepnosecrets
Master |
21-Aug-2009 14:50
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In addition to the real shares that you have chosen to subscribe, you will also see the 30 lots of warrants. These warrants can also be sold like the real shares. How to sell? It will be listed accordingly in the warrants section of SGX. |
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ravikp
Member |
21-Aug-2009 14:50
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can i make a payment by online..like what i used to pay for shares(EPS)..
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keepnosecrets
Master |
21-Aug-2009 14:48
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The procedures go like this. The announcement on listing of the rights-cum-warrant shares (known as NIL-PAID rights) and when it stop trading. After the Nil Paid rights stop trading, if you did not sell the Nil-paid rts, a date normally a few days later will be set for you to make payment by ATM. If you sold the nilpaid, then you get the money from the brokerage firm. After you check your CDP accts to find that you really have 20 lots of rights-cum-warr, go to pay thro ATM. After payment, one to two weeks later, check your CDP acct, and you will find that you have 20 lots of extra shares to your CDP acct. Then you can sell these real shares.
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keepnosecrets
Master |
21-Aug-2009 14:40
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Sorry, if you do nothing at all, the entitlement will disappear from your accounts. You must pay for the rights to your 20 lots of rights to 20 lots of Rowsley ordinary shares like the ones you bought through the brokerage. For 20 lots of shares at 6 cents each, you must ATM $1200.00 to the company via the bank. | ||||
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ravikp
Member |
21-Aug-2009 14:36
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If i am not intrest to subcribe the rights they will convert it in to ordinary shares to my account right?
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keepnosecrets
Master |
21-Aug-2009 14:33
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If you seriously intend to subscribe to the rights, when they open for subscription, it will be better to ATM the funds immediately and not to wait last minute. Don't miss the deadline.
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ravikp
Member |
21-Aug-2009 14:32
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what is the advantages of subcribing rights...
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keepnosecrets
Master |
21-Aug-2009 14:28
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You can check with your CDP online later and you will see the no. of rights you can subscribe. If you don't want to subscribe to the rights, you can sell the rights when they are listed. I think normally one week after X-R. If you see the rights in your CDP accounts, you can check on SGX website to see announcement when to go to the ATM to pay for the rights shares.
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ravikp
Member |
21-Aug-2009 14:26
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my remiser told me that next week friday they will send us a notification about the allocation..
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keepnosecrets
Master |
21-Aug-2009 14:24
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Jialat, the rights to subscribe is 6 cents and not 8 cents, so probably the TERP is quite accurate. Sorry for the mathematical miscalculation. Still not worth to sell after XR. Should be better to sell CR. |
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johnnytanki
Member |
21-Aug-2009 14:23
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Thanks bro for the reply. I thought in usual case, we will be getting letter letting us know how many rights we are allocated? So now we can subsribe the rights thru usual atm? | ||||
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keepnosecrets
Master |
21-Aug-2009 14:19
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I meant theoretically 2.6 cents (not 10.7 cents) for the warrants to be on par with the one who sold off cum rights. If the mother shares stay around 12 cents, then it (the warrants) probably might be trading at half a cent. So book loss for people selling XR. | ||||
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keepnosecrets
Master |
21-Aug-2009 13:59
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I found your formula on TERP loopholed because let us make a comparison using your TERP making a person who sold off his stock CR better off than a person who sold off XR. Let us use 100 lots of Rowsley in our example. If he sold off CR he has $16,000 in cash. If he sells off XR he nets only $9600.00 after subsribing to 40 lots of shares and getting 60 lots of warrants. He will be in book loss because he would be paying 16 cents for the 40 lots right shares, and his warrant must be able to fetch him an impossible price of 10.7 cents per warrant in order to be on par with the person who sells off cum rights. So what is the point of the exercise for the small shareholders?
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Laulan
Master |
21-Aug-2009 12:59
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Actually the dilution comes about in that for every $1 that the company makes or payout, your share is lesser than what it could have been without the dilution. | ||||
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Laulan
Master |
21-Aug-2009 12:43
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You r rt. Technically if a shareholder did not subscribed to the rts, then his holding is diluted, but to a very insignificant %age for most share players (unless they are bigtimers). This comes about in terms of sharing of profits made by the co. If co declares 10 percent dividend, all shareholders will still get your 10/100 x par value of share, but since now par value no longer applicable in Singapore and dividends are always declared in so many cents per share, the dilution is mostly not felt.
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Quantico
Member |
21-Aug-2009 12:14
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Rowsley went XR today. So the price should go down to adjust for this. At yesterday's 16 cents, the TERP should be 12.2 cents. { 5x16 + 2x6 + 3x10 } / 10 So 12 -12.5 cents is about there. |
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christan
Senior |
21-Aug-2009 12:01
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i thought dilution means the % holding of the company reduced. if u subscribed to rights, no dilution to ur % holding If u dun subscribed , u get diluted in ur % holding |
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Laulan
Master |
21-Aug-2009 11:53
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For the newbies, please note rt issues are calling for money from the public or investors. This means that the company has plans for some capital intensive business or trying to pay off debts. The money they get dilutes the shareholdings of investors if it is used to pay debtors. But if they put the money in the bank and attribute it as assets, then there is no dilution because there is an increase in the number of shares coupled with the increase of assets. If rights are subscribed, then money flows in. Same reason is, if warrants expires, then no money is coming into the coffers of the company. The market has people selling shares short and people buying shares long positions. Short sellers wish the price to be zero when they have borrowed shares and sold plenty of them. This one newbies must know. |
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ravikp
Member |
21-Aug-2009 11:25
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Then who will getting the gain from this process..
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