only 1.39 per shares..cheap to convert instead of taking 2 cnts cash, isn't it? advise to take up DRP for long term if you hv more than 10k shares, of course 1k shares will not be worth it..:)
IF U HAVE 10K SHARE * 0.02 CENT DIVIDEND = RM 200 200 / 1.39= 143.88 SHARE AND CURRENT PRICE WILL DEDUCT 2 CENTS TO 1.56 143.88*1.56 ONLY RM 224.46 IF WANNA CONVERT UR COST WILL BE RM 200+ RM10 STAMD DUTY + 7 COURIER CHARGES = RM 217 ALREADY ONLY EARN RM 7
I suggest we take cash. because management doesn't see need to push up and maintain price at reasonable level. Frankly more shares just dilute the earnings and put the money in the hands of the management. At least they will know minority share holders not too please with the price hammering receive from the wolves.
Yeah good move. However for those with KSL shares in their margin accounts, they should take shares, otherwise the div received will also go into their margin accounts. Also it's a matter of volume. If shares received is more than 90 shares there is still gain despite stamp and postage fees. So if you are holding more than 4500 KSL shares, go for the div in lieu of cash. It's unlikely that price will go below 1.39 again, barring KLSE crash like in August 2015!
That's always in my mind bar the wolves and the bangsat KSL insiders! But for these bangsats, it would have breach RM4 last year if not in Feb 2015! The KSL insider bangsats do not want to see it's price rise too rapidly. They want their pound of flesh in their pockets first.
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yfchong
5,879 posts
Posted by yfchong > 2015-09-29 05:37 | Report Abuse
Round # got bargain or not today..........,