@Han Fai, L&G didn't declare any bonus issue. In a bonus issue, you don't have to fill any form. The rights issue closed last Wednesday. The rights shares, together with the excess rights shares, if any would be credited into your CDS account by the 18 May.
Mayland is getting alomst all exesss shares application and cross the 33% shareholding... they will buying more in market at this low price.. Buy on weakness...
Fundamentally, this stock is so under value, Cash per shares 20sen, alomst no gearing and NTA 38sen... almost all land bank is in kL... Advise : strong buy..
The current RI, mayland is getting additional 100mil excess shares out of 124m mil available and cross the 33% holding... They will be accumulating moer at current low price..
Selling pressure from right subscriber have OVER, premature selloff, now its time to rebound.
Right subscriber should in fact hold tight all entitlement and excess lot for much better selling price tomorrow, or opt full entitlement 2 sen dividend to get even higher profit margin at least 25%.
Portfolio will hold tight all right share + excess lot for either opt 2 sen dividend tomorrow, or aim at least 25% profit if share price reach target.
Tomorrow is the last day for dividend entitlement and the price may go up a little bit, may be a sen. After ex dividend, it may come down to 25 to 26 sen again. The risk is worthwhile taking. In a bull market, lower liners can go up a lot.
Big shark has been accumulating this counter, you will earn at least 20% within few weeks. On the other hand, if you buy on Friday before 5pm, you have 7% to 8% dividend (net profit) on hand.
Moreover, it has been consistently giving out dividend annually. Cash rish company.
dun b surprise when there is sharp drop after dividend...it's in fact cash rich, but movement is too steady to make fast return. at least not in months. but years
Some people were accumulating this counter. Of the 24.448 million shares traded today, only about 1.8 millions shares were sold to the buyers, the rest of the shares were bought from sellers.
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Posted by prudentinvestor > 2017-05-12 17:01 | Report Abuse
Ex dividend on 22 May so if you buy on any day until next Friday, you are entitled to the special dividend.