Anyone buy this?


Quote:

Bonus issue of 368,000,000 new ordinary shares of RM0.10 each in Perisai Petroleum Teknologi Bhd ("Perisai") ("Bonus Shares") to be credited as fully paid-up on the basis of five (5) Bonus Shares for every four (4) existing ordinary shares of RM0.10 each held in Perisai.



how come the price slash to half today. Last nite is 118sen , and this morning is 53sen. can anyone explain this? Ex date: 20/5 , Entitlement date:22/5

bonus issue mah.

you buy 4,000 shares of perisai, you will get 5,000 bonus shares.

so the price is adjusted after the ex date.

the price will back to 118sen?

I bought 2 lots, so end up I will get 2000 + 2500 ?

This post has been edited by fumi: May 20 2009, 11:00 AM

long term, maybe.
short term, unlikely, because they just gave you more Perisai shares as bonus.

I bought this for long term. is a good news for long term rite?

yup, correct.

buy 4 get 5

buy 1 get 1250 share
buy 2 get 2500 share
buy 3 get 3750 share
buy 4 get 5000 share

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p/s:

in case you're wondering how do we get 0.53

here's the calculation,

(1.18 x 4)/9 = 0.524