U need to fill up the subscription form to be entitled bonus shares and free warrants. The form will be dispatched to u in next few days.
To subscribe, u need to buy a bank draft + duly filled subscription form and send to registrar before the deadline. Some of investment banks will help u to perform the above tasks with minimal charges. Just call ur remisier to find out if they are of help.
For illustration purpose: If u own 2000 shares in HSSEB, u will be entitled 200 Hsseb-OR. U need to fork out RM260 to subscribe. Upon listing date, u will be entitled 300 HSSEB (200 + 100 bonus) and 300 HSSEB-WA.
If u plan to buy Hsseb-OR from open market, u still need to pay RM1.30 for every OR u bought.Make sure the payment reaches the registrar before dateline or else ur OR will become "nil".
1. If u own 2000 HSSEB on or before 15-2-18, u are entitled 200 HSSEB-OR which will be listed from 22-2-18 to 28-2-18.
2. U can sell away the OR in the open market on those trading days if u choose not to subscribe.
3. If u decide to subscribe u should fork out rm260 and fill in the form that will be dispatched to u in due course or u can download from Bursa website. Another way is u seek investment bank's help by paying minimal charges.
4. New HSSEB + warrant will be listed on 21-3-18.
5. On 21-3-18, ur CDS account will be credited with 300 HSSEB + 300 HSSEB-WA.
6. In total, u will have 2300 HSSEB and 300 HSSEB-WA on 21-3-18.
7. U can then sell the HSSEB and HSSEB-WA in the open market. If mother shares still stay @RM1.90 then u stand to make decent profit by subscribing the rights.
up so much lately. after bonus ex-date sure drop a lot back. normal trend since last year for 90% of bonus counters. what is the exercise price for the warrant and warrant price?
The bonus will be given to the subscriber of rights (OR). The stock has gone ex on 19-2-18. As of today, the stock still stays strong. As such the question of dropping after bonus ex-date will not arise this time.
For the benefits of investors, Before listing date of warrants, the mother shares should be traded above RM1.70 in order to have value added to the warrants.
The rights OR is worth min RM1.88. ( roughly based on the mother share price of RM1.90 ex-rights), don't sell if you are holders of rights. To me there are interested parties trying to collect OR at low price and the tactic is to press down the mother share to make it look bad. On the other hand, it's good opportunity to buy the mother share at the current low price.
Strange for OR to be priced at 2.00 at opening that day. Plus 1.30 , new buyers of OR will costs 3.30 whist mother was 1.70. Why would one need to buy OR? Not surprisingly OR price drop the following day. Those already allotted OR before Xdate..they still need to pay 1.30 to get mother share. Overall its a Bad deal! Monday -I forsee both OR and mother drop some more. Do not buy until dust is settled
For the past 1 year, eps 0.049 to 0.047 nta 0.24 to 0.28 turnover little change from 139 M to 145 M Mother rose from 0.55 to 1.95 prior to Ex-date on 19/2/18 Better stay away, Chance of losing money > chance of making money
My hands r bleeding now. As d mother shares keep dropping, i hav to flog out rm1.3/rights share holding over. Wat a sad news. Shud hav sold all d OR last week. Now likely to encounter losses soon
Hi Rider, its tactic is well observed n indeed very obvious as been described "There are interested parties trying to collect OR at low price and the tactic is to press down the mother share to make it look bad.
I received the right issue form, I have some questions want to ask.
1. Show form to bank(any bank?), tell them I want to buy bank draft?
2. https://imgur.com/a/wWDsK << form In the form, (a) and (b) need to fill in something or leave it blank? (c) where to buy "Affix Malaysian Revenue Stamp of RM10"? post office or bank?
Newbie here...just want to ask, if I only have 50 lot of OR, how should I sell it? Can I buy OR from open market today and sell it out? how much do I need to buy? Thanks everyone in advanced...
if you have enough funds to subscribe, you can consider to invest. Every unit you buy have to pay rm1.30 per shares. If 50Lot (5000), RM1.30 X 5000= RM6,500
Malaysian Hasil Stamp can be bought from Post office. WHen you sent the banker cheque, please sent by POst Laju in order to avoid the risk of loss in transit or personally handover the documentation to register office before the due date. the office only open from Mon to Fri except public holiday Fill in where appropriate. If any doubt, please call the register person in charge or directly go there to see them after you bring all required documentation, You must buy bank draft/ kiriman wang
Hi lai81533, may i know can v and how to subscribe for d private placemn? "Private Placement price rm1,53, the price can not drop below this level as financial institution need to make money
If not mistake...RM1.30 price for private placement is for new investor (already identify..mostly fund managers etc) and not for existing shareholder...so you can't get that price.
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Posted by captainphilip > 2018-02-15 12:20 | Report Abuse
nope..the buyer is serious bout buying..this is main market yaa..institution can buy..not like last time ace market..