Sep 19 2009, 11:52 PM
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. 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 mazda626: Sep 19 2009, 11:53 PM
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