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61-80 of 105
eh...i just call my broker...he told me is
every 1 lot u can buy 2 lot ...
eg: 10000 then u can buy 20000. this should explain for the drastic drop n diluted.
it means you get 2000 rights units for each 1000 shares you own b4 x-date.
this counter is so irritating.... keep halting trading!!!
| Particulars : | OFFER OF 2 FOR 1 @ $0.159 |
| Ex-date : | 25 Nov 2009 |
| Buy-In Last Cum Date : | 1 Dec 2009 |
| Record Date : | 30 Nov 2009 |
May i know what does 2 for 1 stand for? tk
expect the unexpected !! :P
j3r0m3 ( Date: 25-Nov-2009 09:27) Posted:
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I just came in this counter at 21 c. is it a good deal?
Another halt pending another announcement.
Wonder what could it be?
Another twist in the tale???
What is really interesting is that the supposedly knight-in-shining-armour, Mr. George Wang, pared his holdings from 9.96% to 7.45% yesterday, right after the successful passing of the MI-Reits resolutions.
Conspiracy therorists are going to have a field day.
stevento ( Date: 25-Nov-2009 07:21) Posted:
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The rights are attractive enough and it is the only sweetener in this exercise.
nickyng ( Date: 25-Nov-2009 06:31) Posted:
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u want to take a RISK on them with ur $$$ ??!?!? pls go ahead loh.... :D
stevento ( Date: 24-Nov-2009 18:24) Posted:
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terp - 22.3cents This may be lower at 20 cents based on closing price of 32 cents
expected dividend 1.01c
yield 7 to 9.3% / rights price 15.9c
for the benefit of newbies... i summarize impt info
terp - 22.3cents / expected dividend 2.1c
yield 9.3% / rights price 15.9c
buy buy... pls support this counter cos i bought yesterday :P
anyway... though existing shareholders are scre****.... new shareholders benefit.... high yield and
low risk cos leverage is reduced.
My maiden post to this forum, although I have watched it in interest....
Believe that the below notices are "old" news as the date of execution were on 6th Nov (0 to 8.26%) and 9th Nov (8.26 to 9.76%). It is strange though that the "Notice of Substantial Shareholder Interest" are only posted now.
Cheers!!!
Well, CREIM Limited, nabInvest Capital Partners Pty Limited, Mitsui raised stakes in MIREIT today on the open market. Interesting scenario building up. We will see things happening in the next couple of days.
These companies are associated or associates of Cambridge.
I believe another EGM is on the cards.
A MENTIONED BEFORE, I HAVE NO CIT, MI-REIT UNITS
TO BE FAIR TO ALL POTENTIAL BUYERS OF MI-REIT, THE PRICE MUST BE SOLD DOWN TO 28 CTS OR LESS
BUYERS CAN THEN BUY AT SAME PRICE AS SO CALLED CORNERSTONE PEOPLE WHO WE DON;T KNOW THE DISCUSSIONS IN DETAIL WITH MGT
28 CTS .......
ok..backside covered at 32.5cts x50 !! cheers ! :P
nickyng ( Date: 24-Nov-2009 16:13) Posted:
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the actions has started!! did u join in the fun?!?! hee...SHORTED in total 50x at 34cts !! :P ya to cover ! :D
well..not tomor...it will be over a period of time of sell-dn to hit 25cts ??!?! hee.... :D
Zelphon ( Date: 23-Nov-2009 21:29) Posted:
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Right issue price has always been a BIG magnet (pulling current stcok price to what the right issue price is) if the company fundamentals are weak. Why buy at current price if you as a uniholder can buy it at issued price of 0.28cts. High gearing for REIT is definately a no-no. For MI-REIT, I think it has been creeeping upwards for 2 - 3 years now but i should think people would have noticed. What are the properties in which MI-REIT bought during recent the property speculation boom? Did it affect their gearing significantly with those purchases? Did any one veto against it? If you believe in the mgmt strategy and them flipping the table to lower their gearing with this right issue, than embrace and support the motion and buy more @ a huge discount of 0.28cts. Beware of then of the dilultion effect...
i bought before the CD lei..not just bought