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How to buy right issue share

check with CPF statement first to see if enough cash for applying rights. if not enough, do a cash top up, or sell off nil-paid rights ( if the rights issue is renounceable).

pointer      ( Date: 09-Jun-2009 07:38) Posted: Then what if I dun have enough money in my CPF account ah? Cos we can only use 35% above $20k right? Then I call my broker to sell off my entitle rights?

 

Then what if I dun have enough money in my CPF account ah? Cos we can only use 35% above $20k right? Then I call my broker to sell off my entitle rights?

 

When you have mother shares and become entitled shareholder, they will send you a thick book/document, inside they have very detailed instruction on how to pay for your rights issue . 

Generally, two main method of paying  if your share is in CASH account ( that is CDP hold your share). First method  is old tradition of fill up form (ARE,etc) banker draft or cashier order, send mail with your own risk and reach CDP BEFORE the closing date and time. If your mail reach after their closing time and date, your application can be rejected.

Second method is very simple and is preferred , is by ATM. When using ATM, you need to key in correct information, select correct rights issue. I read some people key in wrong information or select wrong share and ended up missed his intentional of paying up for the rights.

Finally, if your mother share is in your CPF account, this one must be treated differently, you cannot use ATM for CPF account, you must contact your Agent Bank and give them instruction to apply on your behalf, they have much earlier closing date for paying for the rights. Make sure you follow their procedure so as not to miss the closing date/time.

CHIEW1979      ( Date: 09-Jun-2009 06:39) Posted: How to pay the right issue share before expire date. By Electonic share payment ATM . pls advice ??

 

Rights or mother, the game doesn't change it's rules...

That is to say, no one can predict the market's next moves after the rights exercise is over...

 

How to pay the right issue share before expire date. By Electonic share payment ATM . pls advice ??

 

NOL ??

AK_Francis      ( Date: 08-Jun-2009 09:30) Posted: Not every R issue is valuable. Look at d coy previous yr's record, current biz state and future prospect. Most importantly, what is d R issue indent? Esp for paying debt, worst to pay int of debt. Be more alert if d coy is impending Authority or even SGX concern. Got life example lately.

 

Not every R issue is valuable. Look at d coy previous yr's record, current biz state and future prospect. Most importantly, what is d R issue indent? Esp for paying debt, worst to pay int of debt.

Be more alert if d coy is impending Authority or even SGX concern. Got life example lately.

 

You want to buy the right share after you bought the mother share or you want to buy right share during trading. You may want to refer to kepland right issue thread. The seniors have given many good and valuable information already. Hope you have a good time in vesting :)

CHIEW1979      ( Date: 08-Jun-2009 03:27) Posted: Still new, can some one tell how to buy right issue share. pls avised

 

Still new, can some one tell how to buy right issue share. pls avised