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anyone know what does the below means? This was stated in ezra announcement...
Since i can buy now to get the right issue..y should we still care about the "nil-paid"?
The Rights Issue is renounceable and Entitled Shareholders who do not wish to subscribe for the Rights Shares may sell their provisional entitlements (the “Rights”) during the “nil-paid” Rights trading period. In addition, Entitled Shareholders may apply for excess Rights Shares.
Shares trade ex-Rights:
15 September 2010 from 9.00 a.m.
Books Closure Date:
17 September 2010 at 5.00 p.m.
Despatch of Offer Information Statement:
22 September 2010
Commencement of trading “nil-paid” Rights:
22 September 2010 from 9.00 a.m.
Last date and time for trading “nil-paid” Rights:
30 September 2010 at 5.00 p.m.
Last date and time for splitting “nil-paid” Rights:
30 September 2010 at 5.00 p.m.
Last date and time for acceptance of and payment for Rights Shares:
6 October 2010 at 5.00 p.m. (9.30 p.m. for electronic applications)
Last date and time for renunciation of and payment for Rights Shares:
6 October 2010 at 5.00 p.m
Yes LT this stock will sure show results!
chyn_no ( Date: 01-Sep-2010 21:59) Posted:
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I think u shd be able to buy the right shares once it's traded...
edwinteo ( Date: 01-Sep-2010 21:38) Posted:
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hey pals.. do see this counter in the long-term... no point cutting if you gt holding power unless otherwise.
Haiz..sian sia...i gt 2 lot bought at 1.77...is there anywhere which i will be able to purchase the odd lot to accumulate to 1000 share?
pehtrick ( Date: 01-Sep-2010 21:07) Posted:
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Regardless good or bad, those people holding many on hand are forced invest more. Some don't wish or don't have extra capital will sell the shares or the rights at a later time. This will immediately create sell off and price will sure go south.
If one sees the right issue as a good thing, buying on dip will definitely pay off well later.
Juzztrade ( Date: 01-Sep-2010 15:05) Posted:
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u'll only get 200 shares
shadowmoon ( Date: 01-Sep-2010 20:13) Posted:
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u will only get a fraction of it
edwinteo ( Date: 01-Sep-2010 15:45) Posted:
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hi all, if I have only 1 lot..will I get the 1 lot of right issue @$1.18 base on 1 for 5 round up?
There are broad reasons why companies do a rights issue. As such, the price of the shares changes not just because of the rights issue, but also because the market digests the news that a company needs the capital. In principle, the decision to raise equity by means of a rights issue can be seen as a Good Thing or a Bad Thing, so the actual share price can deviate from the theoretical value.
Book closure Date; 17 Sep 2010 5:00 PM.
Book re-open: 21 Sep 2010 9:00 AM.
Effective Date: 22 Sep 2010 to 06 Oct 2010. Find at SGX.
smsowsm ( Date: 01-Sep-2010 13:41) Posted:
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Good Company with healthy cash flow, no rights issue.
As you can see solar2008, prices dropped after the rights issue. If you have $ to hold then its gd if not then have to bite the bullet...
solar2008 ( Date: 31-Aug-2010 14:01) Posted:
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Ya fortunately I bought it with the intention of holding... and has available cash to buy the rights too.Else Lugi big time... $1.18 for 1 lot of Ezra... not a bad price to grab and hold =)
Seems like this year's selldown occur earlier (usually in Sep/Oct) and seems like Sep could be a good month!
alexchia01 ( Date: 01-Sep-2010 13:48) Posted:
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Then you better sell now and buy back after Rights Issue.
The price is going to fall further as it get closer to the XR Date.
It's unfortunate for you because Rights Issue is a good way to accumulate share at an attractive price.
Good luck.
commando ( Date: 01-Sep-2010 12:32) Posted:
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anyone know when is the Rights trading period?
You can always sell off your rights, when it start trading.
commando ( Date: 01-Sep-2010 12:32) Posted:
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kns....now sell lost money dun sell no money to buy rights. Idiot!
To be conservative is about Sgd. 1.0 as I said before.
New123 ( Date: 01-Sep-2010 10:27) Posted:
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