Nick, always check with your dealer...Anyway, the dealer should have informed you about your share.
Mine, dealth with my allocations for me....You have lost a lot
300 lots means allocation of 300000 x 4 =1200000 rights. You could have sold them during the few days when the rights were traded... i bought some rights at 0.105 each then. Then i topped up with the 0.23 to redeem the share
This means if u were to sell your allocation, say for 0.10 each, u could have gotten back RM 120,000. And if you have sold your mother shares say for 0.49 each..... and then bought back the rights like me, you would have made another few grands at least...what a mistake!!!!!
Nick, stay cool. You need to wait for Mas to be goreng back up to 60 cents level and then decide what to do next on your holdings. Although it's very sick, government won't let it die. Surely it will come back. Just a matter of time only.
can somebody tell me why it would go up on 7th of June? I called Symphony Registrar and the guy said the new Shares ll be listing on 5th of June. What is going on? Anything happen on 7th of June, it is Friday on that day.
Before even the rights shares are listed, panic sellers already unloading... Looks like when they really get hold of the 4x rights shares, selling pressure to increase. Looking for cheap sale at 32~34 instead of 36. 32sen = pre-right 68 (support level before ex-rights) 34sen = pre-right 78 41sen = pre-right 1.13 50sen = pre-right 1.58
SIA recently annc buying S$21b new planes (60+ 787 & Airbus), yet price drop only 20cents to ~10.65. They have S$5b cash. Need to raise S$16b for the planes. They buy new planes to compete in this cut-throat aviation biz. These new planes save almost 20% fuel. Fuel costs ~40% of their expenses.
Why not we put MAS out of its misery and stop it being a drain on shareholders money and sell it to AirAsia? One national airline cukup la, and let those flers with a profitable bisnez run it la...
hornydog .. if Mas sell to airasia .. they will have no more competition and end up raising the price of their airline to gain maximum prfot ... It will be good for shareholders but bad for the society ...
08/05/2013 Despatch Date 07/05/2013 Date for commencement of trading of the rights 08/05/2013 Date for despatch of abridged prospectus and subscription forms 14/05/2013 Date for cessation of trading of the rights 27/05/2013 Date for announcement of final subscription result and basis of allotment of excess Rights Securities 05/06/2013 Listing date of the Rights Securities
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....
eagle
384 posts
Posted by eagle > 2013-06-01 11:21 | Report Abuse
major shakedown required here...bring Tuan Syed in...