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!!!
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
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.
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.
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?
@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?
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
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.
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 ..
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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!!!