qtr report out....

The question is after split + bonus... RM74 gone...if using above formula to calculate.
after split or bonus issue shouldn't have any loss or gain. As I said that I don't think above formula is correct.

I dont think this formula is correct
"
Average price for split from 1 share to 5 shares,
RM 6.70 / 5 = RM 1.34 per share

Average price exercise for after 3 for 1 bonus share as,
RM 1.34 / 3 = RM 0.4467 per share
RM 0.4467 X 2 = RM 0.8933 per unit share
"

Let say I bought 100unit on 6.70. What will happen?

Cost
6.70 * 100 = 670

After shares split I have 666.66 units.
666.66 units * RM 0.8933 = RM595.527378

RM670- RM595 = -RM74!!!!!

If the formula is correct.. we should sell it now......!!!!!!!!!!!!!!!!

On bursa website. Mean bonus and split approved. Total dividend 0.23 cents + bonus issue. Not that bad right.

EGM - Outcome of Meeting
The Board of Directors of Hup Seng Industries Berhad ("Company") is pleased to announce that all resolutions as set out in the Notice of Extraordinary General Meeting of the Company dated 24 January 2014 and tabled at the Extraordinary General Meeting held today, had been duly passed by the shareholders of the Company.

This announcement is dated 18 February 2014.

Split: 1000 * 5 = 5000
Bonus: 5000/3 = 1666.6666
Total = 6666

Estimate price = RM1 after split and bonus issue. then you know how much you have earned.

I'm believe it will up.

Adam, pls add me too clivenyong@hotmail.com....thanks ya!