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debbieyss

Sep 18 2009, 02:14 PM

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Just a question:

It means any day can be a buying day; any day can also be the T+3 day, right?

This post has been edited by debbieyss: Sep 18 2009, 02:14 PM

htt

Sep 18 2009, 04:10 PM

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QUOTE(debbieyss @ Sep 18 2009, 02:14 PM)

Just a question:

It means any day can be a buying day; any day can also be the T+3 day, right?

Only day when market trade.

debbieyss

Sep 19 2009, 11:16 PM

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Hi, can anyone please tell me if I got my calculation correct?

Buy 15,000 shares of KNM at RM0.70 = RM10,500
Brokerage fee = RM8
Contract Stamp = RM11
Clearing Fee = RM10,500 X 0.03% = RM3.15
Total payable = RM10,522.15

Sell 15,000 shares of KNM at RM0.80 = RM12,000
Brokerage fee = RM8
Contract Stamp = RM12
Clearing Fee = RM12,000 X 0.03% = RM3.60
Total = RM11,976.40 (Profit)

am i getting it correct?

Edited: By the way, I found out that KNM is traded by par value, its par value is 0.25. So, I'm actually done the calculation wrongly. How to purchase shares if it's by par value?

This post has been edited by debbieyss: Sep 19 2009, 11:41 PM

mazda626

Sep 19 2009, 11:52 PM

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QUOTE(debbieyss @ Sep 19 2009, 11:16 PM)

Hi, can anyone please tell me if I got my calculation correct?

Buy 15,000 shares of KNM at RM0.70 = RM10,500
Brokerage fee = RM8
Contract Stamp = RM11
Clearing Fee = RM10,500 X 0.03% = RM3.15
Total payable = RM10,522.15

Sell 15,000 shares of KNM at RM0.80 = RM12,000
Brokerage fee = RM8
Contract Stamp = RM12
Clearing Fee = RM12,000 X 0.03% = RM3.60
Total = RM11,976.40 (Profit)

am i getting it correct?

Edited: By the way, I found out that KNM is traded by par value, its par value is 0.25. So, I'm actually done the calculation wrongly. How to purchase shares if it's by par value?

Actually based on my OSK acct, this is correct but i DON'T really looking at par value of my counter (others yes..). Since my capital small i go for units shares held. For example : i got Mtronic (bought at 0.055 ; super doper all time rugi, u may consider crap stocks but i got 50 lots x 1000). So i untung 48% & still good amount of money. I don't fancy popular stock.

This post has been edited by mazda626: Sep 19 2009, 11:53 PM

debbieyss

Sep 19 2009, 11:55 PM

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i see...Nice to know that you earned 50%!

It's ok then. I will wait and see who can help me on this calculation.... *sweat*...

dannyooi_84

Sep 19 2009, 11:57 PM

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Need to look at par value? not the stock price ka?

mazda626

Sep 19 2009, 11:58 PM

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QUOTE(dannyooi_84 @ Sep 19 2009, 11:57 PM)

Need to look at par value? not the stock price ka?

Because that how "value investors" stylo...they look at intrinsic value of stock, not just the price.

dannyooi_84

Sep 20 2009, 12:05 AM

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QUOTE(mazda626 @ Sep 19 2009, 11:58 PM)

Because that how "value investors" stylo...they look at intrinsic value of stock, not just the price.

Intrinsic value?

My major is not in business/finance. I'm having a major problem to understand. sigh. Nvrmind I'll start learning and take it day by day. I need to learn all the terms and the zig zag of stock market.

Bloomberg and Google will be my best friend for now.

mazda626

Sep 20 2009, 12:14 AM

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Par Value is Nominal Value. It value of the share price upon initial offering. Some men-on-the street take it as benchmark to where it current price.

skiddtrader

Sep 20 2009, 11:34 AM

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QUOTE(debbieyss @ Sep 19 2009, 11:16 PM)

Hi, can anyone please tell me if I got my calculation correct?

Buy 15,000 shares of KNM at RM0.70 = RM10,500
Brokerage fee = RM8
Contract Stamp = RM11
Clearing Fee = RM10,500 X 0.03% = RM3.15
Total payable = RM10,522.15

Sell 15,000 shares of KNM at RM0.80 = RM12,000
Brokerage fee = RM8
Contract Stamp = RM12
Clearing Fee = RM12,000 X 0.03% = RM3.60
Total = RM11,976.40 (Profit)

am i getting it correct?

Edited: By the way, I found out that KNM is traded by par value, its par value is 0.25. So, I'm actually done the calculation wrongly. How to purchase shares if it's by par value?

If your broker gives you RM8 flat fee as brokerage fee, then there is nothing wrong with your calculation. Normally brokerage is by a minimum and as the transaction gets higher, it is based on % of transaction.

Like some brokerage in Malaysia charge a minimum of RM40 or 0.6% (whichever is higher) for broker assisted transactions but for online transactions it is only RM12 or 0.42% (whichever is higher).

So like if your brokerage gives a flat rate of RM8 which I doubt, for any amount of transaction, then your calculation is correct. Most have this % brokerage so they can 'untung' more from bigger transactions. Imagine RM8 for a RM1 mil transaction, a bit too generous right? So check what is your broker % brokerage fee and calculate if that is higher than RM8, if it is then it should be the correct fee.

Par value doesn't matter at all. Par value on as a reference of how much a stock has split and also used as a reference for dividend payments. Basically doesn't hold a lot of importance. Par value is not used in transaction costs calculation whatsoever.

debbieyss

Sep 20 2009, 11:41 AM

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QUOTE(skiddtrader @ Sep 20 2009, 11:34 AM)

If your broker gives you RM8 flat fee as brokerage fee, then there is nothing wrong with your calculation. Normally brokerage is by a minimum and as the transaction gets higher, it is based on % of transaction.

Like some brokerage in Malaysia charge a minimum of RM40 or 0.6% (whichever is higher) for broker assisted transactions but for online transactions it is only RM12 or 0.42% (whichever is higher).

So like if your brokerage gives a flat rate of RM8 which I doubt, for any amount of transaction, then your calculation is correct. Most have this % brokerage so they can 'untung' more from bigger transactions. Imagine RM8 for a RM1 mil transaction, a bit too generous right? So check what is your broker % brokerage fee and calculate if that is higher than RM8, if it is then it should be the correct fee.

Par value doesn't matter at all. Par value on as a reference of how much a stock has split and also used as a reference for dividend payments. Basically doesn't hold a lot of importance. Par value is not used in transaction costs calculation whatsoever.

Thanks for your help!

The brokerage fee is just an example to complete my calculation. It isn't the actual brokerage fee.

Regarding the par value matter, am i right to say, I got to purchase shares according to its current price, instead of according to its par value?

skiddtrader

Sep 20 2009, 02:03 PM

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QUOTE(debbieyss @ Sep 20 2009, 11:41 AM)

Thanks for your help!

The brokerage fee is just an example to complete my calculation. It isn't the actual brokerage fee.

Regarding the par value matter, am i right to say, I got to purchase shares according to its current price, instead of according to its par value?

Yup that's right.

All stocks when they are listed are by default listed on a par value of RM1.00. If they split the shares, it'll split the par value accordingly.

A lot of sifu here already suggested that the par value should be removed completely from Bursa. Because there is no need for it and will only confuse people.

I think SG market and USA also no such thing as par value anymore. Not so sure about that though.

debbieyss

Sep 20 2009, 02:08 PM

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QUOTE(skiddtrader @ Sep 20 2009, 02:03 PM)

Yup that's right.
All stocks when they are listed are by default listed on a par value of RM1.00. If they split the shares, it'll split the par value accordingly.

A lot of sifu here already suggested that the par value should be removed completely from Bursa. Because there is no need for it and will only confuse people.

I think SG market and USA also no such thing as par value anymore. Not so sure about that though.

Thanks skiddtrader!

Noted and completely understood.

hamster666

Sep 22 2009, 05:38 PM

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for online stock trading eg, maybank2u. Would I get the annual financial report of the company which stock I bought?

rstusa

Sep 22 2009, 05:55 PM

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What is the difference between main stock & warrants?

skiddtrader

Sep 22 2009, 08:09 PM

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QUOTE(hamster666 @ Sep 22 2009, 05:38 PM)

for online stock trading eg, maybank2u. Would I get the annual financial report of the company which stock I bought?

If you are still holding the stock when the company issues the annual report then yes, you should get a copy of the report.

Added on September 22, 2009, 8:15 pm

QUOTE(rstusa @ Sep 22 2009, 05:55 PM)

What is the difference between main stock & warrants?

Please also refer to the 1st page of this thread where the warrant guide is written by kmarc for the benefit of all.

At last a friendly word of advice, always Google before you ask a general question. As most answers can normally be found easily but when the answers you found is confusing, then ask the appropriate question for clarification. Happy learning and good luck!

This post has been edited by skiddtrader: Sep 22 2009, 08:15 PM

buyou12

Nov 4 2009, 05:57 PM

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Sorry if this sound repetitive and if so, please delete....

Can you trade shares on Maybank Online with iphone? The share trading application has to run some active X control which I am not sure if the iphone can run it...Just tried it on a demo set it doesn't seem to work...

anyone tried it before? Thanks in advance....

rstusa

Nov 4 2009, 06:11 PM

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As i know mobile phone browser not support Active X control, even OS windows mobile Internet Explorer.

buyou12

Nov 4 2009, 06:47 PM

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Any phone that supports active X? So I can buy and sell shares over Maybank online on my mobile device?

myfriend2009

Nov 14 2009, 10:03 AM

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Hi, I am currently holding an online trading account with a investment bank. My problem is my dealer execute orders late after lunch, say around 2:01pm only, not at 2:00pm, this makes my orders behind, but in the morning the orders will be queue exactly at 8:30am. Do you know any securities or investment banks that can execute the orders fast especially in the afternoon. I will make sure I can key in the orders earliest. Please help

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