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3 comment(s). Last comment by SuperMan 99 2015-12-12 00:14
Posted by ks5S > 2015-11-08 16:13 | Report Abuse
vaentec;
your explanation also have some flaws
Don;t be discouraged. Go and buy the dummy books to read detaily.
Posted by SuperMan 99 > 2015-12-12 00:14 | Report Abuse
Vaentec has pointed out things with facts/calculation, how about ks5S? where is yours?
No result.
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
vaentec
142 posts
Posted by vaentec > 2015-11-08 15:32 | Report Abuse
Hi bursadummy, your article has some major flaws in it.
Please recheck your facts & understanding of ICULS and then re-edit this.
It might mislead amateur readers.
Conversion price means you need to pay that amount per share if you want to convert your ICULS into a real share. Example: Conversion price for L&G-LA is 0.13, meaning you have to pay 0.13 per share to convert it to the L&G share. And it is highly unlikely that they WILL NOT do this. In fact, it's common sense to do this. One L&G-LA is worth 0.31 now. One L&G is 0.44. Will you use 2 L&G-LA (2*0.31 = 0.62) to exchange for one L&G (0.44)?
Of course not. You will use one L&G-LA(0.31) + 0.13 to convert to a L&G.
I hope you can benefit from reading this comment.
(Moreover, the dilution effect has already been factored in the day this announcement is official. Please refer to the stock chart of all the companies above during the time when this ICULS take effect. The market is very efficient even though not perfect)
Don't be discouraged.
It's good of you to share your ideas here.