QUOTE(sheep436 @ Sep 12 2012, 10:22 PM)
I got my Hektar rights forms last monday. I intend to apply for excess....
Just want to ask about the chances of getting excess shares vs no of lots i apply.
Case A; I apply 10 lots of excess, how many will i get get? what are my
chances?
Case B: I apply for twenty lots lots, will i get more than case A and will the chances be higher?
I understand that if i apply for 10lots (excess) i might get only 500 shares only.
Any sifu can help? just wanna to increase my chances of getting excess...cheap ma..
u need to refer back to the RSF itself...
normally the allocation will be by this way:
1) minimize the incident of odd lots
2) pro-rated basis based on ur shareholding on the entitlement date
3) pro-rated basis based on the excess amount that u applied
For ex, there are 1,000,000 of shares left unsubscribe...
assuming u r a shareholder, not a renouncee...
ur ori holding is 1,000 & u accept ur entitlement in full..... let's say 333 (ratio every 3, get 1)
so for 1st step.... u'll get 1,000 + 333.... in total 1,333 resulting in odd lots..... thus 1st round u'll get 67 shares...
let's say after 1st round.... there are 900,000 shares left only....
so for 2nd step.... the calculation will be 900,000 * 1,000 / 450,000 (base of shareholders' ori share who still have unallotted excess applied after round 1)...... so u'll get 2k
in total u r allotted 2,067 shares.... assuming u apply 5k.... u still have 2,933 left
for step 3.... calculation is 750,000 (shares left after 1st & 2nd round) * 2,933 / 570,000 (total of unallotted excess applied shares)
u r suppose to get 3,800 but since u have 2,933 left..... u'll only b allotted 2,900 shares this round...
if there's still balance avail..... they'll keep repeating step 3 until there is no more shares to be allotted......
u'll b refunded for the 33 of unallotted shares.....
wow..... i'm

btw, to ans ur q.... yes.... u'll get higher chances in case b because when it comes to the quantum of excess applied (step 3 onwards).... the more u apply, they higher chances u'll get more allocation compare to others...... but bear in mind.... if u r a renouncee...... u'll lose big to the ori shareholders in 2nd round as u'll get 0.....
This post has been edited by fergie1100: Sep 13 2012, 03:10 PM