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When can I sell my ordinary shares? Can I sell it on the ex-right date (12may 2009) . When I sell on 12may 09 , will my right issue gone?
It is all up to you to sell your share on any day, however since Kepland had Rights issue, you just need to learn the meaning of Ex-Rights.
When the share is trading Ex-Rights, it means the share is sold or bought EXCLUDE-Rights share.
So if you sell on ex-rights date of 12 May, then you will keep your Rights Share.
Can someone teach me how does the RIGHT Issue work.
Indicative Timetable
Last day of “cum-rights” trading for the Rights Issue : 11 May 2009
Lodgement of the offer information statement with the Monetary Authority of Singapore : On or around 11 May 2009
First day of “ex-rights” trading for the Rights Issue : 12 May 2009
Books Closure Date : 14 May 2009 at 5.00 p.m.
Commencement of “nil-paid” Rights trading : 19 May 2009
Last day of “nil-paid” Rights trading : 27 May 2009
Last day and time (i) for acceptance and payment for Rights Shares and (ii) for application and payment of excess Rights Shares : 2 June 2009 at 5.00 p.m. (at 9.30 p.m. for electronic applications)
Last date and time for renunciation and payment for Rights Shares: 2 June 2009 at 5.00 p.m.
Expected date of issue of Rights Shares : On or around 11 June 2009
Expected date of commencement of trading of Rights Shares on the SGX-ST : On or around 12 June 2009
When can I sell my ordinary shares? Can I sell it on the ex-right date (12may 2009) .
When I sell on 12may 09 , will my right issue gone?
Only my personnal opinion. NOT WORTH buying $1.50, cheaper to buy from open mkt.
3000 x (9/10) =3000 x 0.9 = 2700 (right share i entitled)
Total share i will own 3000(exixting share) + 2700 (right share) = 5700
After averaging, the selling cost of my 5700 shares is at least (add brokerage etc) S$1.50
is it worthwhile to buy the share now and subscribe the rights share rights share (9 right shares for every existing 10 shares held at issue price of $1.09).
e.g - if i buy now frm open mkt, say 3 lots (3000 shares) $1.66
3000 x $1.66 = $4980 (a)
Calculation of right shars will be
3000 x (9/10) =3000 x 0.9 = 2700 (right share i entitled)
Total share i will own 3000(exixting share) + 2700 (right share) = 5700
After averaging, the selling cost of my 5700 shares is at least (add brokerage etc) S$1.50) . Will this counter sustain this kind of trading price range?
teeth53 ( Date: 25-Apr-2009 09:35) Posted:
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can still trade with this counter? suffer losses from price 1.8...waiting to buy again...
any suggesting entry price??
Let Mr/Ms market decided faithfully for all we know, we will be god of fortune
Buy/sell, contra or short, we r all faith to be faithed either be rich or poor, die young or old, beautifully or ugly and or horrible-ly
buy with faith... sell with faith.... contra with faith.... short with faith....
let the market tells the direction...
which are the tree???
Tree in city... tree take cap.... tree well kept...
my boss said one hor... hehe....
my boss asking... hehe...
(not in short selling mode, selling it down)
teeth53 thot so: A safer bid on Capital which has more opportunties to firm up, a more volatile Keppel which has seen it fortune trading lower...Kim Eng recommendation...SELL
short got 68 % confidence....not really. Monday STI index is up...Oni good for Monday only
three counters.... which one can tahan the pressure next week???
my boss asking... hehe...
short got 68 % confidence....
no wonder the stock climbed on thursday....rally so that the price can go up, then take the highest price to determine the rights value...get more $...."very good"!!!!
A safer bid on Cap land....Posted: 24-Dec-2008 Capitaland's will have Mr Peter Seah as deputy chairman from Jan 2009. A former banker with OUB, also serve as President & CEO of ST till 2004, with his experience, he can help former Finance minister and with former Finance Minister. Mr Richard Hu as Capland chairman. He is seen as to be slot for taking over the chairmanship. It is a lost to Temasick Holding
Reminded me of... She is a non starter for Temasick Holding. I drew such notices from Singapore Technology when she is a CEO, then move on to even biggie SWF's like Temasek.. tell me how to be better manage such SWF's fund when Temasek is so much biggie when compare to engineering firm like S'pore Technology, where is the logic.
A civil servent taking over Keppel corp ?, not an enterprener nor a business man. How to better bottom line profit this several years for keppel when a heavy wt like Mr Lim is so much a enterperner himself. let see...Ya.
teeth53 ( Date: 25-Apr-2009 09:35) Posted:
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On offer at $1.09 each. 42% discount to Thursday's closing price of $1.88 a share. Offer to share holders nine shares for every 10 held.
Noted Mr Lim Chee Onn, current Chairman (A heavy wt) is passing the baton to Dr Lee Boon Yang ( a less then heavy wt - a retired life for Lee to render on)
teeth53 thot: Look like going into penny stock before recovering back to more then a dollar.
Unlike broking hse, u may EPS them n v/v, for security trading. But for Right issue, only CDP has depositors' holdings according to d registered security account no, 1xxx-xxxx-xxxx. Normally, only approved banks' tellers are linked to CDP for any Right app. Theoritically, it can be done online one. It could be some bottle neck in d admin loh. AK view only loh. Cheers.
lucky168 ( Date: 25-Apr-2009 08:49) Posted:
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TuaPekGong9413 ( Date: 24-Apr-2009 11:32) Posted:
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Range trading...
Correction:
This counter is really nice to invest...
Bought @1.74 yesterday /// Sold at 2.83 1.83his morning /// Short another 10 lots at 2.83 1.83/// Buy back @1.76
Kensonic77 ( Date: 24-Apr-2009 16:48) Posted:
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TuaPekGong9413 ( Date: 24-Apr-2009 11:50) Posted:
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This counter is really nice to invest...
Bought @1.74 yesterday /// Sold at 2.83 this morning /// Short another 10 lots at 2.83 /// Buy back @1.76