yes sandra...this is my 5th time and will be the last round for XDL ..still holding 2 batches of 0.35 & 0.39... will sell 0.35 batches @ 0.39 or higher i hope.... hopefully we will be in the same boat in other counter too :)
Everybody, get ready to sell by Monday or Tues if you do not wish to subscribe to the rights with free warrants & bonus. On ex-date 19th, the price will adjust lower. Happy trading
perfectWin, if it closed high today, the pump on Monday is quite surely ..... However, newcomers please don't chase. Caution. We people had been in much much earlier at lower levels.
After ex date, we will b entitled to purchase the right issue. For d following 5 working days, those who r entitled but not wish to purchase it can sell d form in open market (OR). For those who wish to buy in axcess can purchase this form. After this 5 working days, we usually have 1 week time to pass up our form with bank draft. If u didn't receive d form, u may ask ur stockbroker to print out for u.
Perfect, this looks like a play only after the rights with warrants & bonus goes ex. He probably only wants to rewards those to take up the rights. What say you?
Need kind advice from anyone whom is willing to share your knowledge..I sold my shares yesterday and purposely left 10,000 units for my learning purpose..I want to subscribe the rights and have done computation on it..am I right? Based on 10k units, I will get 3333 rights and will pay total RM1167...on top of that I will get free 2500 unit of warrants & 2500 bonus share...can someone tell me whether this is the right computation and if I want to subscribe the rights, can it be done online?Thank you in advance for your kind assisstance
Hasnur, your computation looks correct. Chances are you can not subscribe online. You've got to contact your broker to sign a document to say that you wish to subscribe and the funds must be made available. You will end up with odd lots. It may be better to do what Sandra is doing and watch the goings on as a learning mechanism. Calculate the total cost if you were to subscribe and you can choose to re-enter if the price comes at or below that. If it does not, maybe you could move to other counters with the experience you've gathered with this exercise.
if it closes at 38 sen today, ex price will be approximately 31 sen adjusted for the rights & bonus. For those who do not subscribe for the rights will get 7 sen knocked off 2moro less the additional shares arising out of the rights & bonus.
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....
hasnurhashim
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Posted by hasnurhashim > 2013-12-12 19:35 | Report Abuse
yes sandra...this is my 5th time and will be the last round for XDL ..still holding 2 batches of 0.35 & 0.39... will sell 0.35 batches @ 0.39 or higher i hope.... hopefully we will be in the same boat in other counter too :)