Posted by setia2u > 2013-08-27 10:52 | Report Abuse

Clavin Chong: when you want to enjoy low brokerage with HLBroking, this is consequences, no reply. I go for normal online trading system with my remisier, at 30% discount but he still answer all my questions, the best thing is he seems to know the market inside out!!!

Posted by setia2u > 2013-08-27 10:53 | Report Abuse

On this L&G rights, he told me very early to be careful and that's why I managed to sell at 49.0 sen on the next day of Ex-Date announcement.

Posted by davors > 2013-08-27 12:56 | Report Abuse

for L&G rights, you have the option to subscribe or dispose the entitlement.
you will receive the documents from registrar after 2 September, usually few days from dispatch date. If you wish to subscribe, you need to submit everything by 13th September 2013 to L&G registrar.
Alternatively, you can sell your Right entitlements by 6th September 2013

Posted by Alfred > 2013-08-27 13:40 | Report Abuse

You may have 3 options :

1) Subscribe the right issue (L&G-LR ---> L&G-LA)
A form will be sent to your home on 2 Sept, then buy the bank draft and post to registrar before 13 Sept 5pm.
Subscription will be RM0.13 per share.

Then you may convert the L&G-LA into mother share within 5 years before expired.

2) Sell the right issue (L&G-LR)
Sell your right issue on trading period. Your portfolio will be profit for L&G as long as total selling of right issue & mother share (after ex date) higher than your buying price.
Right issue trading period 30 Aug - 5 Sept 5pm

3) Do nothing.
STRONGLY NOT RECOMMENDED. If you choose to do nothing, your shareholding will be diluted thanks to the extra shares issued.

More about right issue : http://www.investopedia.com/articles/stocks/05/062905.asp


hehe correct me if wrong ;)

Posted by johnte > 2013-08-27 19:47 | Report Abuse

Meaning to say, for 1 lot L&G shares u entitled to subscribe for 1 lot of ICULS @0.13 which later will enable you to convert :
* 2 lots ICULS –> 1 lot L&G shares
* 1 lot ICLUS + RM0.13 to convert


To subscribe the ICULS , form will be sending out by the registrar/ issuing house to shareholders. Fill up the subscription as per the instructions given in the form, buy a bankdraft and send back to the add mentioned in the form will do.

Posted by prudentinvestor > 2013-08-27 20:23 | Report Abuse

I had disposed of all my L&G shares last week and made 10% profit in 3 three months. Would have lost over RM 1000 if I have disposed the shares today.

Posted by Wei Bin > 2013-08-27 22:33 | Report Abuse

Anyone know what is the price of the OR?

Posted by Paklong > 2013-08-28 11:37 | Report Abuse

I disposed at 0.49. I bought at 0.41

Posted by setia2u > 2013-08-29 10:29 | Report Abuse

could be around 5 sen only due to uncertainty of market.

Posted by wkchong > 2013-08-29 10:46 | Report Abuse

Now l&g very down. Even good quarter result of doubling the profit, share price still the same

Posted by Calvin Chong > 2013-08-29 10:49 | Report Abuse

trading of LR only 7 -9 sen, but if we subscribe LR need 13 sen?

Posted by stock > 2013-08-29 15:50 | Report Abuse

LR havent trade oso . y say 7-9 sen?

Posted by wkchong > 2013-08-29 19:34 | Report Abuse

Mr cytew, if LR 7 cents plus 13 cents. LA become 20 cents. Is this worth to subscribe? Or direct buy LA ON 30th september better?

Posted by prc4wifefe > 2013-08-30 09:11 | Report Abuse

quickly throw...dropping the L&R....useless

Posted by feeling123 > 2013-08-30 09:17 | Report Abuse

y i didnt subcribe LR but appear in my portfoilio?

Posted by stevenchew > 2013-08-30 09:19 | Report Abuse

R is call Right la...

Posted by feeling123 > 2013-08-30 09:20 | Report Abuse

but they never ask money from me

Posted by feeling123 > 2013-08-30 09:20 | Report Abuse

mean entitlement lor?
y u all wana subcribe at .13

Posted by nicky > 2013-08-30 10:12 | Report Abuse

LR is d right for Loan Stock /LA ? good to subscribe or not ??

Posted by smartly > 2013-08-30 10:13 | Report Abuse

@feeling123, how many LR you have right now ?

Posted by tjhldg > 2013-08-30 10:27 | Report Abuse

can any 1 tell me how they get the Lr refference price of .037 .. tqvm ..

Posted by tjhldg > 2013-08-30 10:59 | Report Abuse

thanks ....

Posted by Pixa Hard > 2013-08-30 11:28 | Report Abuse

i bought at 0.475, if i subscribe the LR and convert 2to1 to L&G , my average price will be 0.40. but L&G trading at 0.33 now. lost 0.07sen. calculation correct?

Posted by ronaldsoo373 > 2013-08-30 15:06 | Report Abuse

Anyone know what's going wrong to this counter? after ex, the price keep going downtrend.

Posted by stock > 2013-08-30 15:14 | Report Abuse

i think someone trying to push down price to buy cheaper. some one said "mayland "

Posted by smartly > 2013-08-30 15:25 | Report Abuse

@Pixa,

0.475 + 0.26 = 0.735
0.735/2 = 0.3675

Posted by htekh984 > 2013-08-30 15:35 | Report Abuse

May I know how to convert? And when to convert?

Posted by htekh984 > 2013-08-30 15:35 | Report Abuse

Anyone can help? Need to buy bank draft?

Posted by fundamentalist > 2013-08-30 15:35 | Report Abuse

so does major shareholder try to push down the share prices to buy cheaper from minority shareholders??

Posted by htekh984 > 2013-08-30 15:36 | Report Abuse

Smartly @ pixa. Your calculation correct? If I bought at 0.045 how much would it be?

Posted by stock > 2013-08-30 15:46 | Report Abuse

so, i received free lg-lr units since i hold lg shares prioir to ex-date.
if i sell these lg-lr in the market, am i still eligible for the la ?

Posted by smartly > 2013-08-30 16:00 | Report Abuse

@htekh984,

if u buy LR from market then different story.

Posted by smartly > 2013-08-30 16:02 | Report Abuse

@stock, sold already mean no more right, how to eligible ?

Posted by stock > 2013-08-30 16:06 | Report Abuse

@smartfly, it works like that la. technically , if i want to trade the lg-lr, and i sell at current price and buy back at lower price. am i still eligible now?

Posted by smartly > 2013-08-30 16:14 | Report Abuse

@stock, oh,,, like that still eligible, so long u still holding the LR.

Posted by stock > 2013-08-30 16:39 | Report Abuse

@smartfly, thx bro

Posted by Calvin Chong > 2013-08-30 16:59 | Report Abuse

if I holding this LR, what should I do the next? wait the form delivered to me and I pay them by bank draft? then i will have L&G-LA ?

Posted by KAHFIEHLAI > 2013-08-30 19:24 | Report Abuse

if nenek is accompany by Grandma ....even better...kikiki

Posted by MAMEE MONSTER > 2013-08-31 11:17 | Report Abuse

EAT MAMEE

Posted by tjhldg > 2013-09-02 09:04 | Report Abuse

but ,,if what we 1 is L&G share , then we r rugi , right ? .. cause 2 loan stock to 1 L & g share ...

Posted by smartly > 2013-09-02 10:39 | Report Abuse

if buy LR now at 0.045
let say 2000units
LA = 0.045 + 0.13 = 0.175

LA --> L&G ratio is 2:1
mean,

LA x 2 : L&G
0.175 x 2 : 0.315

which one more worthy....!?

Posted by smartly > 2013-09-02 10:43 | Report Abuse

likewise,
if you get free LR from L&G

0.13 x 2 : 0.315

which one better, you decide.

Posted by tjhldg > 2013-09-02 10:45 | Report Abuse

0.175 x 2 = 0.35 ... which 1 more worthy ?

Posted by tjhldg > 2013-09-02 10:59 | Report Abuse

already sold all the LR and use the sales proceed buy MOTHER SHARE ,, PLS COMMENTS

Posted by smartly > 2013-09-02 11:02 | Report Abuse

@tjhldg,

how many units of LR you have from L&G ?
you have make the wrong move, may be...

Posted by tjhldg > 2013-09-02 11:20 | Report Abuse

100 , 50 at .05 , 50 at .045 . bcos as i see the La worth around 18cents .. L & g 32cents .. bside la quite different than warrant don have that kind of gearing

Posted by smartly > 2013-09-02 11:23 | Report Abuse

mean you have 100 L&G as well right ?

Posted by tjhldg > 2013-09-02 11:27 | Report Abuse

yes

Posted by Calvin Chong > 2013-09-02 11:30 | Report Abuse

yeah, seriously need suggestion and comments what should do the next. I saw some are selling all LR & buy back same amount of mother shares at current price. to skip all the trobles form subscribe & convert.

Is this recommended? quite confuse of the calculation now.

Posted by tjhldg > 2013-09-02 11:43 | Report Abuse

the way i see is .. u sell at .045 x 2 = .09 + (.13x2) .26 = .35... now u buy the mother share at .31 .. u earn 4 cents .. correct ? and forget about the interest only rm 1.3 per La ..