Does this means that if someone have 10000 MAS shares now , he has to pay RM0.92* 10000 = RM9200 to MAS and we will get additional 30000 shares to make up a total of 40000 shares but the price of the share in the market will start at 23sen. Please explain.. I am confused ..thanks
The right issue is 4 rights to 1 share. Based on your 10000 shares, you will get 40000 rights which if you decided to take up, you would need to pay Rm 0.23 X 40000 = Rm 9200.00. Then you own 50000 MAS share at 10cts par value.
No need to anymore MAS shares unless your appetite is very big.
What I understand is that if we don't want to exercise the right, we can sell it as OR (to someone else in the market). For the existing share, we will continue to own it but of course the the value dropped because of the market price will be adjusted
Aiya..either way is holan lah..will MAS counter go up...Yes..a very short time...'They' will push abit..then down even further until Kazanah decides to do something...
Oh..May be SK Petrol owner come to rescue..he is RED HOT now..
Airline Industry is on the ERA of WAR..there will be no winner...well, let's see who can last longer..AA is the smartest, at least they got your $$ first - months and months ahead..
MAS might rebounce back to 30 cents. All its warrants had a exercise price of more than 30 cents. Big players might push the price higher. But, it's too risky for me. >.<
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st99my
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Posted by st99my > 2013-04-12 13:12 | Report Abuse
Does this means that if someone have 10000 MAS shares now , he has to pay RM0.92* 10000 = RM9200 to MAS and we will get additional 30000 shares to make up a total of 40000 shares but the price of the share in the market will start at 23sen. Please explain.. I am confused ..thanks