Phifia Allan you are right,no buyer is the company objective,slogan is every day low price.good for long term investment,the company will pay you 10 % dividend when the share price touch 20 cents.then every one will praise this is a cash rich and good management company.high return,low PE.
Now it appears that there are L&G-OR on the market. I suspect these are related to the rights issue. What does OR stand for here?
What is the mechanics of the process in Bursa Malaysia? If I buy these L&G-OR shares, how can I buy the full shares? I really can't seem to find any info about this and would appreciate any and all assistance.
Also, I assume buying the L&G-OR is like buying any other stocks (in terms of brokerage fees etc?). What about exercising those rights...includes any brokerage fees?
PS: Who got OR shares? What criteria? Every single owner got it, or how?
1. Yes, OR =right offering. 2. Mostly rights issue only trading for a weeks 3. Allocate to existing shareholder (subject to ex date) based on ration 5:8. 4. Similar to other share trading on bursa just the life spend shorten. trading charges apply the same as well 5. I'll no encourage speculation on OR. 5. Depend on your CDS and Broker. Direct holder just issue banker cheque to Company for your subscription (each unit @0.21 if no mistaken). Pls contact your remiser for further info
PS: Why dont you googling? It should able answer all your questions
marll, I googled but didn't find the mechanics of rights issues in Malaysian stock market explained (US market got, but I don't think they are the same).
Anyway, if somebody had 1000 L&G shares, will that person have got 1600 L&G-OR shares? Is that correct? Would this have come into effect automatically at the end of Apr 14/beginning of Apr 17? Or did the share owners have to do something?
Is it possible to pay for rights issue via online transfer or something? I don't intend to speculate on the OR, if I can get it at RM0.015/0.020 I will be happy. I think there is an arbitrage possibility here cause the stock seems to be mispriced for the short term due to the mindless selling.
1) I use nominee acct. I ask my broker to do everything for me and I pay some fee. 2) Just wait for the company to send the relevant application forms to you.
Posted by nikicheong > Apr 18, 2017 10:24 PM | Report Abuse Please help to answer my query!
Posted by prudentinvestor > Apr 18, 2017 10:01 PM | Report Abuse Just wait for the company to send the relevant application forms to you. If you are still in doubt, immediately contact your remisier.
Prudentinvestor aldy answer your query i.e Just wait for the company to send the relevant application forms to you. If you are still in doubt, immediately contact your remisier.
I open Maybank account. They just call up to ask want to accept or not. If yes, your Maybank account must have enough amount to buy. We just pay maybank some fee. Very easy.
imch 1) I use nominee acct. I ask my broker to do everything for me and I pay some fee. 2) Just wait for the company to send the relevant application forms to you.
Posted by nikicheong > Apr 18, 2017 10:24 PM | Report Abuse Please help to answer my query!
Posted by prudentinvestor > Apr 18, 2017 10:01 PM | Report Abuse Just wait for the company to send the relevant application forms to you. If you are still in doubt, immediately contact your remisier. 18/04/2017 22:28 --------------------------------------------------------- download forms from www.bursamalaysia
alamak123 one day show,but better than nothing happen.71%股权吓跑29%小户,所谓忠臣不怕死,怕死不忠臣,希望守得云开见月明,告别天天低价,明天涨2分,让一些死士止血养伤后再为公司卖命。 18/04/2017 23:15 --------------------------------------------------------------------------------------------------------
look like many market players lack of knowledge of rights, cds , ex rights and so on . there are terms n knowledge that need to acquire , better tru experience remisiers.
2sen dividend ex-date 22-5-2017 is great. U buy 10000 shares today,and pay RM2350 on 25-4-2017(T+3)and get RM200 in about a month, much better than bank interest rate. Will calculate later in terms of per annum interest rate return.
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Posted by alamak123 > 2017-04-17 23:11 | Report Abuse
Phifia Allan you are right,no buyer is the company objective,slogan is every day low price.good for long term investment,the company will pay you 10 % dividend when the share price touch 20 cents.then every one will praise this is a cash rich and good management company.high return,low PE.