OSK: May day! May day! May day! May day! May day!
Anybody caught in contra?
1.16/1.15
Stock Market V49, MARKET REBORN LIKE A TIGER ROAR !!!
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Feb 8 2010, 03:43 PM
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#1
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia |
OSK: May day! May day! May day! May day! May day! Anybody caught in contra? 1.16/1.15 |
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Feb 10 2010, 09:27 AM
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#2
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia |
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Feb 11 2010, 10:18 AM
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#3
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia |
QUOTE(aed_ee @ Feb 11 2010, 09:53 AM) i dun understand how rights works. they offer mas rights at 1.60 but it opened at 0.44 only??!! so whoever took the offer already rugi a whopping 72.5% when open. and assuming someone who doesnt own the parent share, can they buy the rights now and then wait till feb 22nd to convert back to mothershare? eg. if i buy today the MAS-OR at 0.19 for say 1000shares @ RM190, does that mean by feb 22nd, i'll get 1000 share of MAS worth RM1900??!!! please help me understand this. thanks! |
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Feb 11 2010, 03:58 PM
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#4
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia |
can somebody please advise if it's safe to board genting at 6.60?
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Feb 11 2010, 04:31 PM
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#5
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia |
QUOTE(cherroy @ Feb 11 2010, 04:26 PM) The high volume on MAS-OR should be taking into consideration. can you elaborate more ala simulation through calculation of current pricing?High volume OR means right holders don't want to exercise the right issue. Anyone with MAS in hand currently should dispose MAS and buying in MAS-OR, instant can make some money. Added on February 11, 2010, 4:32 pm QUOTE(cks @ Feb 11 2010, 04:30 PM) through nominee account therefore no vouchers. This post has been edited by kochin: Feb 11 2010, 04:32 PM |
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Feb 11 2010, 05:25 PM
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#6
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia |
QUOTE(cherroy @ Feb 11 2010, 04:58 PM) OR- is just a right issue right. still a lil confused but thanks for explaining.You have MAS-OR then you can buy MAS at Rm1.60. So now MAS is 1.92. If one has MAS currently, and want to hold it one and also don't want to sell or buy or increase/decrease stake of it. Then it is advisable to dispose MAS at Rm1.92 then buy and use the OR to buy MAS. As your cost for the right issue OR (0.14 + 1.60) = 1.74 only. So you dispose MAS can get 1.92, you have extra or 'earn' 0.18 out of it. i got MAS share. yesterday my broker called me asking whether i want to accept the rights which i told them yes. this morning, i notice i oledi got the same amount of shares in MAS-OR (of which I was informed that I need to only pay the RM1.60). does that mean by 22/2/2010, irrespective of what happen, i will automatically have the OR no. of shares converted to the mothershare, thus doubling my quantity for the mother share? does that also mean i need not purchase any OR now since it's already in my account and thus saving me a further 0.14 or whatever price it drop to? if that is the cse, then it's mighty stupid of me to reject them to have more rights application since she quoted that if under subscript i have the right to purchase more at rm1.60 (i'm literally expecting that i need not purchase anymore OR in the market) but having said so, isn't it still attractive to buy the OR at such low price? or is it come 22/02/2010, after conversion, the mothershare is expected to drop drastically again? thanks again and sorry for repeating my question. still new and still learning albeit a very expensive lesson! |
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Feb 12 2010, 10:31 AM
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#7
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia |
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Feb 12 2010, 10:55 AM
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#8
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia |
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Feb 12 2010, 11:02 AM
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#9
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia |
QUOTE(protonw @ Feb 12 2010, 10:58 AM) aiyoh, me small fry nia.i was hitting 4000 at 1.15 and prepare to hit another 4000 if it hits 1.12 and continue to do so till it hit 1.09, 1.06. am actually targetting their divvy which is expected sometime in march? should i hold or wait till then? perhaps reenter when it dips again? |
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