Sold my ioipg-or, think of it as a dividend. Will buy back ioipg only if the price is below my equivalent selling price. I hate to do all the paperwork in application.
Is it right for a company to issue rights at a much lower price at 1.38? usually rights are issue at a fixed higher price in the future so it means management is confident mother share will be higher than the rights price.. but this... no comment.
If Im not wrong, say 4 shares give you one rights of 1.38. So taking 5 days average price at 2.07 before Ex multiply with 4, then deduct 1.38 and divide with 4 again. The mother shares is actually now just worth RM1.725... It means the rights have diluted the mother share value to that.. correct me if im wrong... just curious.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3238 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
moneymoneycome
331 posts
Posted by moneymoneycome > 2017-03-02 15:11 | Report Abuse
how to decide whether to subscribe or sell the right issue?