Willy888, i think your computation is not correct. This only apply to rights issue of shares. Now is preference shares with conversion of either surrendering:- 1) 5 ICPS; or 2) 1ICPS + 0.20
Likely Ex price computation (exclude warrant price)
If i hold permaju until end today,i will be entitle for right share which will be credit on my portfolio on 15july. If not mistaken,Permaju-OR..i can sell this right within 5 days in open market.The mother share price will not adjusted until the additional 936mil IRCPS + warrant granted listing(the date not sure). Ex :Vsolar. After Vsolar-OR credited in portfolio,ppl sell it(goreng or genuine investor buy the right).Vsolar mother share not yet adjusted..But next monday Vsolar price will adjusted.The day before adjusted price,the mother share either massive drop or massive up depends is there genuine investor inside the stock or short term trader inside it. After OR credited in portfolio, ussually mother share price will push higher bcoz company want genuine investor to subscribe their right share with disct price.
Anything can happen in market..Juz pray for the best.
Unless you're long term investor, would advise to not hold mother stock near their RI ex-date. Most of the time mother price will be adjusted afterwards. You can wait to buy mother or RI with much lower price in market upon listing.
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mf
29,216 posts
Posted by mf > 2020-07-09 20:15 |
Post removed.Why?