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CapitaLand: Too early to bottom fish

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Question
    15-Feb-2009 00:01  
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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.



 
 
alex_angkwah
    13-Feb-2009 21:22  
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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.



 
 
ericsim
    13-Feb-2009 21:13  
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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.....


 

 
alex_angkwah
    13-Feb-2009 21:02  
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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... Smiley

 
 
handon
    13-Feb-2009 11:38  
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half correct half wrong...

market laziness

kena snake... snake n ladder tat snake lor.... hehe... Smiley
 
 
equator2010
    13-Feb-2009 11:00  
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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... Smiley


 

 
DnApeh
    13-Feb-2009 10:36  
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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... Smiley

 
 
handon
    13-Feb-2009 10:33  
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my boss says can dfc a bit covered back 2.75... may kena snake later.... hehe... Smiley
 
 
Kensonic77
    13-Feb-2009 10:33  
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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.

 
 
maxcty
    12-Feb-2009 21:49  
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sorry guys...wrong post..Smiley

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

 

 
maxcty
    12-Feb-2009 21:46  
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buddy..not a good start got BOA...any comment?? will today hit below $5 despite of some good news..hahaha
 
 
iPunter
    12-Feb-2009 21:23  
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The pessimists taking profit from yesterday's optimists... Smiley 
 
 
winsontkl
    12-Feb-2009 20:52  
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Strange, y iit went up yesterday?? hee hee

Lincoln      ( Date: 12-Feb-2009 10:08) Posted:



Strange, y izzit dropping today??

 
 
taybc1071
    12-Feb-2009 13:13  
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Be cautious. Go up fast, also can come down fast.

Cheers!
 
 
nickyng
    12-Feb-2009 11:53  
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looks like BBs are unloading in masses !! hee..... :P SHORT AH !! :D
 

 
Eldarchen
    12-Feb-2009 11:41  
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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
 
 
Kensonic77
    12-Feb-2009 10:32  
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Wow! the giant woke up already...   Now 2.67...
 
 
Kensonic77
    12-Feb-2009 10:21  
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Off-load at 2.75 yesterday.  Now in again at 2.63.  Dun missed the ride.
 
 
Chewbacca
    12-Feb-2009 10:14  
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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.
 
 
Lincoln
    12-Feb-2009 10:08  
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Strange, y izzit dropping today??
 
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