MAS, under value?
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 May 6 2013, 09:18 PM
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#1
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Senior Member
886 posts Joined: Aug 2010 From: AMG Engineered 
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QUOTE(diadokmai @ May 6 2013, 09:05 PM) currently MAS increase to 0.405. do u think it can be further increase? RENOUNCEABLE RIGHTS ISSUE OF UP TO 13,368,624,960 NEW ORDINARY SHARES OF RM0.10 EACH IN MAS (“RIGHTS SHARES”) ON THE BASIS OF FOUR (4) RIGHTS SHARES FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.10 EACH HELD IN MAS AT 5.00 P.M. ON 6 MAY 2013, AT AN ISSUE PRICE OF RM0.23 PER RIGHTS SHARE (“RIGHTS ISSUE”)  What does it mean? Sorry I am still new in dealing with RIGHTS |
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May 6 2013, 09:53 PM
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#2
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Senior Member
886 posts Joined: Aug 2010 From: AMG Engineered
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QUOTE(cherroy @ May 4 2013, 12:35 PM) It has nothing to do with you paid 100 MAS or not. what if one has bought this one as per the X date on 6 May, then what to do with the right entitlement?Once you bought 100 MAS prior before ex-date, all are entitled for the 400 MAS-OR. Paid or not paid (for the MAS bought at 0.7x) is between you and the broker house, nothing to do with the right issue. Question 1: Can Ignore the right issue? Question 2: Purchase the offer at diff of 0.23 per rights share, with a total of 4+1=5 share at 0.265 price per share if tomorrow share price opens at 0.265 (as per the closing price of today)? Sorry I am real new in Rights Entitlement, need your experience in trading and settling rights  |
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May 6 2013, 10:00 PM
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#3
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Senior Member
886 posts Joined: Aug 2010 From: AMG Engineered
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QUOTE(cherroy @ May 6 2013, 09:57 PM) If you bought at the ex-date or after the ex-date, you are not entitled for the right issue at all. so what will be share price of tomorrow if the price is distributed according to the right? would it be 0.265 as [(1*0.405) + (4*0.23)]/5 ? So irrelevant to your situation. Only those bought before ex-date will be entitled for the right issue. |
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May 6 2013, 10:09 PM
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#4
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Senior Member
886 posts Joined: Aug 2010 From: AMG Engineered
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QUOTE(cherroy @ May 6 2013, 10:01 PM) The MAS ex-date has passed, not tomorrow. i see .. Thanks for the effort explaining MAS share price already being adjusted (from 0.7x to 0.3x) at the ex-date days before.  |
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