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If I were to sell my nil paid rights during the trading period without converting to mother shares, will i still get dividend on the mother shares i hold prior to rights issue.
when is the divident payment date?any1 any idea?
Value of Nil Paid Rights = Market Price of Kepland Shares - Exercise Price of $1.09
www.markettalk.org/Promo
U need to hold kepland shares to be entitled to the rights. u can also purchase the nil paid rights when it starts trading...
Come for my workshop and find out more...
click the link below
www.markettalk.org/Promo
hi all,
I do not hold any kepple land shares at the moment. wish to know am i able or nid paid right shares?? at what price?
thanks for sharing..........
Hi,
I and my colleagues will be conducting a workshop on Rights Issue for Keppel Land for the coming Saturday.
You can register if you are interested.
Click the link below.
www.markettalk.org/Promo
nil-paid rights is given free to entitled shareholders.
can i sell my nil-paid rights without converting it mother shares? Yes, only during rights trading period
therefore no need to make further payment right? Yes
Huhushares ( Date: 03-May-2009 01:20) Posted:
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I have 8 ordinary shares
can i sell my nil-paid rights without converting it mother shares? therefore no need to make further payment right?
nil-paid right is free de right?
I have 8 ordinary shares
can i sell my nil-paid rights without buying the mother shares?
nil-paid right is free de right?
cannot pay via internet banking.
can pay by ATM ( simplest method), or old method of Banker Draft/Money Order with ARE form filled, signed and mail to reach company/CDP before the deadline.
lucky168 ( Date: 02-May-2009 22:01) Posted:
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hi, do you know if we must pay the rights via the ATM or can it be done over the internet banking?
Your cost of total purchase = price you paid for on nil-paid rights + trade commision/tex + exercise price of 1.09 per share
erm... like that i forsee if i purchase the rights, i might also cost ard 1.3-1.4 range per lot.. like that not that attractive liao
Alligator ( Date: 02-May-2009 12:58) Posted:
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assuming you do not understand rights issue, then here is roughly the options for you, dealing with Rights issue, most important thing is to be very sure of the DATEs that are already set. Cum-Rights date (11 May), Rights trading period (19 - 27 may). Payment date (2 June)
1. BUY nil-paid right shares on market:
this can be done ONLY during rights trading period. which is 19 may to 27 may. Rights issue price is typically traded arounf Mother share price minus the Rights issue price ( 1.09). However, market determine the actualprice.
Your cost of total purchase = price you paid for on nil-paid rights + trade commision/tex + exercise price of 1.09 per share
We dun know the price of nil-paid rights until trading begins, so you really cannot work out your cost..
2. BUY mother share, from now till 11 may ( Cum Rights ). when you buy during Cum rights period, you get 9/10 nil-paid rights. Says you buy 5 lot mother shares before or on 11 may, then you get 4.5 lot of nil-paid rights. but u must exercise your rights by paying up 1.09 before June 2.
To calculate your cost:
2.1 mother share, says based on 1.70, it is then 5000x1.70==8500 + small trade commission
2.2 you get nil-paid rights , 4.5 lots, no cost to you
2.3 you must convert them to mother share, cost is 4500x1.09=4905
2.4 your total cost become = 8500+4905+trade commision=13405
2.5 on 12 june, you will have total 9500 shares, thus your cost per share is = 13405/9500=1.411.
Anyone here interested in their rights? At 1.09, I tink it quite attractive.
Personally Im quite interested, but i have no experience on buying rights issue. Can someone give some insight if i will to buy 5lots of kepland's rights. Roughly how much will I have to pay for and what other issues i need to take note?