terlalu mahal for me

Iban? Bidayuh? Dayak? Penan? Orang Ulu?

This post has been edited by claricecmw: Nov 11 2009, 05:05 PM

Guys/Gals, I have a question here.

Is it that all listed Malaysian companies need to have a Bumiputra Chairman sitting in the board?

I'm pretty curious as to why LCL Chairman is now a non-Bumi.

I'm freakingly worried...not only that the Directors were disposing their shares & now add on with the Change in Boardroom!!!! The Reshufflement in the Board is massive....MD is now the Chairman instead and he is disposing his shares gradually.

Any sound theory of what is going on?

This post has been edited by claricecmw: Nov 11 2009, 10:35 PM

Thanks for trying and the effort moppy.
This counter has been giving me sleepless nights at times ever since I bought it few mths back

18 lots as in 18,000 units or 1,800 units?

Ok this is how it goes.

1 Nov - Had 10K in bank initially, then bought 8K worth of shares, left 2K...the transaction will be based on RM 8.88.
2 Nov - Balance 2K. Will not be able to use the 2K for purchase as it will be locked as "RM1". However, managed to sell the 8K worth of shares, the transaction
will still be based on RM 8.88 due to T+3.

Well it really depends on each individual's appetite and game plan I suppose.

Say you buy 5 lots of Tanjong at RM16 = RM 80,000

If you use Jupiter = 0.1% is RM 80 for the Brokerage Charges.

If you use CIMB Click Traders = RM 8.88 for the Brokerage Charges.

The 10K need not necessary be kept in the freezer just to get RM 8.88 for the brokerage fee.
The 10K can be used to make a purchase transaction to enjoy RM 8.88. However whatever you purchase must then be sold by T+3 in order to enjoy RM 8.88 for the sale transaction too

It all depends on whether you are a short-term/mid-term/long-term player.

Okie...

The concept of Click Traders account is that you must always have 10K in your "Bank Account"...
So let's say I start with 30K to play shares.

1 Nov (Mon) - RM 30K in bank. Bought KNM (0.80) shares at RM 16,000. Bought PANTECH (1.00) shares at RM 10,000 = Total purchase RM 26,000.
- All purchases are based on RM 8.88 per transation.
2 Nov (Tue) - CIMB I Trade platform will show me RM 1 as my credit (because I am left with 4K only since I used up RM 26K on 1 Nov). Nevertheless, my bank
accout is still RM 30K because I have T+3 to dispose off my KNM & PANTECH.

Scenario 1
3 Nov (Wed) - Sold Pantech &/or KNM. Each transaction is based on RM 8.88 as all transactions are within T+3.

Scenario 2
5 Nov (Fri) - Sold Pantech &/or KNM. Each transaction is based on 0.42% as all transactions exceeded T+3.

* Having credit to buy/sell and having the $$$ in the bank is two different issues altogether when it comes to CIMB Click Traders.

To add on:

Scenario 3
5 Nov (Fri) - Sold Pantech &/or KNM. Each transaction can be based on RM 8.88 IF...

a) Let's say I actually start with 50K to play shares. I sold UEMLAND worth RM 18,000 on 29 Oct (Thu). So if T+3, the RM 18,000 will be credited to my bank account on 3 Nov (Tue). This means my bank account will have minimum RM 10,000. So If I sell Pantech &/or KNM on 5 Nov, it will be based on RM 8.88.

Morning Moppy, I believe those cheaper brokerage ones are Nominee account. However, Jupiter is Direct CDS account.