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thanks ericsim for sharing the below info.
One question - For those investors who were not holding any mother shares but wish to buy the nil-paid rights during the trading period, can this done via online trading?
For example, if buyers will to buy a total of 1000 rights shares, how to convert it to ordinary shares and what's the conversion costs?
ericsim ( Date: 13-Feb-2009 21:13) Posted:
ans to yr query (see below) -
Ironstarz ( Date: 10-Feb-2009 20:49) Posted:
Some kind soul documented this down for reference from CNA forum
From now until 18 Feb
Shares trade cum-rights (CR). It's just an indication that a rights
issue exercise is ongoing. Whoever is still holding Capitaland shares
as of end trading day 18 Feb will be entitled to apply for the rights
shares at a ratio of 1 rights share per 2 existing mother shares. For
example, if you are holding 2 lots (2000 shares), you will be entitled
to apply for 1 lot (1000 shares). If you have 1 lot, then your
entitlement is 500 shares.
19 Feb
Shares trade ex-rights (XR). The price will be adjusted to reflect the inclusion of your rights shares. For example, if it closed at $2.36 on 18 Feb, the fair price when trading starts today will be $2.01 (rounded).
23 Feb
If you were holding any mother shares before 19 Feb, the ownership will
be registered in CDP by this date. Based on this record, you will
receive your nil-paid rights (also called renounceable rights). These
will be deposited into your CDP account before 26 Feb. Nil-paid rights
give the owner the choice to accept the rights shares at the issue
price of $1.30. You do not have to pay for your nil-paid rights, and
they are yours to trade (sell) starting from 26 Feb.
26 Feb to 6 Mar
Trading of nil-paid rights begin. Because it's a 1 for 2 exercise,
the smallest lot size will be 500 shares. So on top of a Capitaland_R,
a Capitaland_R500 counter will be set up for trading. For shareholders
who do not wish to pay more money to convert his/her rights shares to
mother shares, this time window allows you to sell away your nil-paid
rights. For shareholders who wish to round up odd lots, they may also
choose to do so through nil-paid rights purchases here. For investors
who were not holding any mother shares previously but now wish to
participate in the rights issue exercise, they can buy these nil-paid
rights. Theoretically, nil-paid rights will cost the amount of (mother
share price - rights issue price). For example, if the mother share now trades at $2, the nil-paid rights should be trading at $2 - $1.3 = $0.70.
12 Mar
Those holding nil-paid rights have to pay up by this date ($1.30 per
share) to apply for the rights. If you do not wish to subscribe, make
sure you sell away your nil-paid rights between 26 Feb and 6 Mar. If
you still have them as of this date, for whatever reason, pay up and
apply for the rights issue. Don't be an *censored* and hold on to your
nil-paid rights and not apply for the rights! You may pay up either via
post (using bank drafts or money order, no cheques accepted) or ATM
(CDP account should be linked, but note down your CDP account number
for keying in manually just in case)
This is also the date by which excess rights applications must be
submitted. If you are holding odd lots, my advice is to apply for the
excess rights. Priority in excess rights allocation is always given to
holders with odd lots.
23 Mar
You may begin trading your rights shares today. You will see them
in your CDP account as normal Capitaland shares (code C31). To know the
allocation results in advance, check your CDP account on 22 Mar, they
should already be in by then.
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thks ericsim
ericsim ( Date: 13-Feb-2009 21:13) Posted:
ans to yr query (see below) -
Ironstarz ( Date: 10-Feb-2009 20:49) Posted:
Some kind soul documented this down for reference from CNA forum
From now until 18 Feb
Shares trade cum-rights (CR). It's just an indication that a rights
issue exercise is ongoing. Whoever is still holding Capitaland shares
as of end trading day 18 Feb will be entitled to apply for the rights
shares at a ratio of 1 rights share per 2 existing mother shares. For
example, if you are holding 2 lots (2000 shares), you will be entitled
to apply for 1 lot (1000 shares). If you have 1 lot, then your
entitlement is 500 shares.
19 Feb
Shares trade ex-rights (XR). The price will be adjusted to reflect the inclusion of your rights shares. For example, if it closed at $2.36 on 18 Feb, the fair price when trading starts today will be $2.01 (rounded).
23 Feb
If you were holding any mother shares before 19 Feb, the ownership will
be registered in CDP by this date. Based on this record, you will
receive your nil-paid rights (also called renounceable rights). These
will be deposited into your CDP account before 26 Feb. Nil-paid rights
give the owner the choice to accept the rights shares at the issue
price of $1.30. You do not have to pay for your nil-paid rights, and
they are yours to trade (sell) starting from 26 Feb.
26 Feb to 6 Mar
Trading of nil-paid rights begin. Because it's a 1 for 2 exercise,
the smallest lot size will be 500 shares. So on top of a Capitaland_R,
a Capitaland_R500 counter will be set up for trading. For shareholders
who do not wish to pay more money to convert his/her rights shares to
mother shares, this time window allows you to sell away your nil-paid
rights. For shareholders who wish to round up odd lots, they may also
choose to do so through nil-paid rights purchases here. For investors
who were not holding any mother shares previously but now wish to
participate in the rights issue exercise, they can buy these nil-paid
rights. Theoretically, nil-paid rights will cost the amount of (mother
share price - rights issue price). For example, if the mother share now trades at $2, the nil-paid rights should be trading at $2 - $1.3 = $0.70.
12 Mar
Those holding nil-paid rights have to pay up by this date ($1.30 per
share) to apply for the rights. If you do not wish to subscribe, make
sure you sell away your nil-paid rights between 26 Feb and 6 Mar. If
you still have them as of this date, for whatever reason, pay up and
apply for the rights issue. Don't be an *censored* and hold on to your
nil-paid rights and not apply for the rights! You may pay up either via
post (using bank drafts or money order, no cheques accepted) or ATM
(CDP account should be linked, but note down your CDP account number
for keying in manually just in case)
This is also the date by which excess rights applications must be
submitted. If you are holding odd lots, my advice is to apply for the
excess rights. Priority in excess rights allocation is always given to
holders with odd lots.
23 Mar
You may begin trading your rights shares today. You will see them
in your CDP account as normal Capitaland shares (code C31). To know the
allocation results in advance, check your CDP account on 22 Mar, they
should already be in by then.
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ans to yr query (see below) -
Ironstarz ( Date: 10-Feb-2009 20:49) Posted:
Some kind soul documented this down for reference from CNA forum
From now until 18 Feb
Shares trade cum-rights (CR). It's just an indication that a rights
issue exercise is ongoing. Whoever is still holding Capitaland shares
as of end trading day 18 Feb will be entitled to apply for the rights
shares at a ratio of 1 rights share per 2 existing mother shares. For
example, if you are holding 2 lots (2000 shares), you will be entitled
to apply for 1 lot (1000 shares). If you have 1 lot, then your
entitlement is 500 shares.
19 Feb
Shares trade ex-rights (XR). The price will be adjusted to reflect the inclusion of your rights shares. For example, if it closed at $2.36 on 18 Feb, the fair price when trading starts today will be $2.01 (rounded).
23 Feb
If you were holding any mother shares before 19 Feb, the ownership will
be registered in CDP by this date. Based on this record, you will
receive your nil-paid rights (also called renounceable rights). These
will be deposited into your CDP account before 26 Feb. Nil-paid rights
give the owner the choice to accept the rights shares at the issue
price of $1.30. You do not have to pay for your nil-paid rights, and
they are yours to trade (sell) starting from 26 Feb.
26 Feb to 6 Mar
Trading of nil-paid rights begin. Because it's a 1 for 2 exercise,
the smallest lot size will be 500 shares. So on top of a Capitaland_R,
a Capitaland_R500 counter will be set up for trading. For shareholders
who do not wish to pay more money to convert his/her rights shares to
mother shares, this time window allows you to sell away your nil-paid
rights. For shareholders who wish to round up odd lots, they may also
choose to do so through nil-paid rights purchases here. For investors
who were not holding any mother shares previously but now wish to
participate in the rights issue exercise, they can buy these nil-paid
rights. Theoretically, nil-paid rights will cost the amount of (mother
share price - rights issue price). For example, if the mother share now trades at $2, the nil-paid rights should be trading at $2 - $1.3 = $0.70.
12 Mar
Those holding nil-paid rights have to pay up by this date ($1.30 per
share) to apply for the rights. If you do not wish to subscribe, make
sure you sell away your nil-paid rights between 26 Feb and 6 Mar. If
you still have them as of this date, for whatever reason, pay up and
apply for the rights issue. Don't be an *censored* and hold on to your
nil-paid rights and not apply for the rights! You may pay up either via
post (using bank drafts or money order, no cheques accepted) or ATM
(CDP account should be linked, but note down your CDP account number
for keying in manually just in case)
This is also the date by which excess rights applications must be
submitted. If you are holding odd lots, my advice is to apply for the
excess rights. Priority in excess rights allocation is always given to
holders with odd lots.
23 Mar
You may begin trading your rights shares today. You will see them
in your CDP account as normal Capitaland shares (code C31). To know the
allocation results in advance, check your CDP account on 22 Mar, they
should already be in by then.
maxcty ( Date: 10-Feb-2009 16:53) Posted:
i also blurr of the dates as well...dun know what to do sia.....
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Can anyone tell me what happen if i do not sell the Rights aft 6/3/09 for
Capitaland
handon ( Date: 13-Feb-2009 11:38) Posted:
half correct half wrong...
market laziness
kena snake... snake n ladder tat snake lor.... hehe... 
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half correct half wrong...
market laziness
kena snake... snake n ladder tat snake lor.... hehe...
dfc = deficit, loss a bit
kena snake = suffer from laziness
DnApeh ( Date: 13-Feb-2009 10:36) Posted:
what talk u? don't understand leh.
handon ( Date: 13-Feb-2009 10:33) Posted:
my boss says can dfc a bit covered back 2.75... may kena snake later.... hehe...
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what talk u? don't understand leh.
handon ( Date: 13-Feb-2009 10:33) Posted:
my boss says can dfc a bit covered back 2.75... may kena snake later.... hehe...
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my boss says can dfc a bit covered back 2.75... may kena snake later.... hehe...
Just off-load at 2.71 x 10. will be back to buy more...
Kensonic77 ( Date: 12-Feb-2009 10:21) Posted:
Off-load at 2.75 yesterday. Now in again at 2.63. Dun missed the ride. |
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sorry guys...wrong post..
maxcty ( Date: 12-Feb-2009 21:46) Posted:
buddy..not a good start got BOA...any comment?? will today hit below $5 despite of some good news..hahaha
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buddy..not a good start got BOA...any comment?? will today hit below $5 despite of some good news..hahaha
The pessimists taking profit from yesterday's optimists...
Strange, y iit went up yesterday?? hee heeLincoln ( Date: 12-Feb-2009 10:08) Posted:
Strange, y izzit dropping today?? |
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Be cautious. Go up fast, also can come down fast.
Cheers!
looks like BBs are unloading in masses !! hee..... :P SHORT AH !! :D
Sorry was at work haha, I'll wait this out for a while as what Juzz trade said, no point chasing after a rally. Let it drop a little more before revisiting it again, those long positions will cut soon if it drops to 2.55-58
Wow! the giant woke up already... Now 2.67...
Off-load at 2.75 yesterday. Now in again at 2.63. Dun missed the ride.
Wah, totally dropping like a stone. I was tempted to buy in @ 2.69ish yesterday. But decided not to because not sure what I'm getting into....
Maybe I should buy now.
Strange, y izzit dropping today??