Aztech   

Aztech: 1H FY06 Net Profit Up 75%

This one has been gapping up and then gapping down like nobody's business in the 2 months...  

Not a good counter to play... 

 

Oh my, I finally understood what you mean after doing some careful reading about the rights issue. Please correct if I'm wrong, assuming I'm currently holding on to 50 lots of aztech shares => I'm allocated 10 lots of rights shares . If I had subscribed to 10 lots of rights at 12.5cents, I should be getting another 10 lots of aztech mother shares plus 10 lots of aztech warrants.

Therefore, if I sold away my 10 lots of provisional rights previously, I won't be getting the additional 10 lots of mother share. So why the prices dropped so much today is due to the new mother shares issued at 12.5cents. Am I right? Thanks in advance!

Alligator      ( Date: 25-Nov-2009 10:56) Posted: Today those who exercise their RIGHTS got their share converted to mother shares. Remember exercise price was 12.5 cents,,, so some people happy enough to let go and get the differences from 12.5cents, especially those who got excess rights at 12.5cents bloodseeker      ( Date: 25-Nov-2009 10:34) Posted: Anyone know why Aztech drop so much today???

 

Sorry for my ignorance because I'm very novice at this.

From my understanding (maybe wrong), to purchase 1 right with 1 warrant = 12.5cents. To convert the 1 warrant to 1 mother share = 20cents. Therefore, if anyone converted the 1 warrant to 1 mother share would have acutally mean 1 mother share = 12.5 + 20 = 32.5cents. To me it doesn't make sense for anyone who have gotten their rights with warrants to convert their warrants to the mother share because of the current price right now. Or maybe I misunderstood what you were trying to explain?

 

 

The 81,272,000 Warrants will be listed for quotation on the Main Board of the SGX-ST on 26 November 2009 and
trading of the Warrants will commence with effect from 9.00 a.m. on the same date.

 

 

Today those who exercise their RIGHTS got their share converted to mother shares.

Remember exercise price was 12.5 cents,,, so some people happy enough to let go and get the differences from 12.5cents, especially those who got excess rights at 12.5cents

bloodseeker      ( Date: 25-Nov-2009 10:34) Posted: Anyone know why Aztech drop so much today???

 

Anyone know why Aztech drop so much today???

 

Any advice if possible the Trading of right by POEMS.

 

Aztech----3 mths ended Sep 2009Net Profit (S$M) $6.05 %Change +57.0

 

Window for trading of Rights begins today.......3 - 11 Nov. Those who do not want to subscribe to the Rts will have this window to unload it and it will affect price of mother share. Current Rts trading at 13.0c.

Xiaoxiao      ( Date: 03-Nov-2009 15:05) Posted: Hi, any expert views on this counter seems like drifting downwardsafter XR :(

 

Hi, any expert views on this counter seems like drifting downwardsafter XR :(

 

bruising day for aztech

 

Yes, theoretically warr will be worth 6c .....based on today's close....zero premium/discount.

Sporeguy      ( Date: 28-Oct-2009 20:46) Posted: So the wrt price will be stock pr minus money paid for converting wrt to share, i.e based on today's price, the wrt will worth sligthly less than 26c-20c =6c. shplayer      ( Date: 29-Sep-2009 09:44) Posted: LCM, Yes, when warr is credited (if you subscribe to rts), you can sell.......but price will largely depend on mother share price at that time and market sentiments. The 12.5c price for the warr I calculated earlier is just a theoretical price based on yesterday's close of 32.5c and on the assumption of zero premium and zero discount. But, in reality, mkt usually places a premium/disc to the warr.

 

So the wrt price will be stock pr minus money paid for converting wrt to share, i.e based on today's price, the wrt will worth sligthly less than 26c-20c =6c.

shplayer      ( Date: 29-Sep-2009 09:44) Posted: LCM, Yes, when warr is credited (if you subscribe to rts), you can sell.......but price will largely depend on mother share price at that time and market sentiments. The 12.5c price for the warr I calculated earlier is just a theoretical price based on yesterday's close of 32.5c and on the assumption of zero premium and zero discount. But, in reality, mkt usually places a premium/disc to the warr.

 

Means so now I just have to wait for them to send me the documents to subscribe and pay for the rights share?

 

Rts was announce on 24th Sept after market closed. The next day, price gapped up from 28c to 34.5c.

 

Assume calculation based on 5 lots just be xr.

5x315(closing price) = $1575, + $125 (right share) + $200 (assuming converting the warrant) = total cost $$1900 for 7 lots equivalent to $1900/7=$271.43, i.e 27.5 c per share, anything below 27.5c is considered cheaper at xr.

 

Anyone can kindly explain how this rights and warrants works? Let's say i am currently holding 50 lots bought few days back. So do i still need to pay for the rights share @ $0.125? or do i get it for free since i am an existing shareholder

 

MISCELLANEOUS :: PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 104,136,850 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY (THE "RIGHTS SHARES") AT AN ISSUE PRICE OF S$0.125 FOR EACH RIGHTS SHARE, WITH UP TO 104,136,850 FREE DETACHABLE AND TRANSFERABLE WARRANTS BY THE COMPANY (THE "WARRANTS"), EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW ORDINARY SHARE IN THE CAPITAL OF THE COMPANY (THE "NEW SHARE") AT AN EXERCISE PRICE OF S$0.200 FOR EACH NEW SHARE, ON THE BASIS OF ONE (1) RIGHTS SHARE WITH ONE (1) WARRANT FOR EVERY FIVE (5) EXISTING ORDINARY SHARES IN THE CAPITAL OF THE COMPANY ("SHARES") HELD BY THE SHAREHOLDERS OF THE COMPANY AS AT A BOOKS CLOSURE DATE TO BE DETERMINED, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED (THE “RIGHTS CUM WARRANTS ISSUE”)

 

Volume is low, good results and Div, no big players coming in, no price movement, may be next few days, hopefully. Vested.

 

wow another set of goood  report......yes.......click

lawcheemeng      ( Date: 12-Oct-2009 18:05) Posted: will be goood...if not......rite issue may be affected.........any way like wat i say in my last posting...3qtr GOOOD AH..... waterfalls      ( Date: 12-Oct-2009 17:51) Posted: 30.5 cts picking up momentum...