Ultimate Discussion of ASNB (47457-V), Wholly owned subsidary of PNB (38218-X)
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 Jul 26 2015, 07:53 PM
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#1
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Junior Member
265 posts Joined: May 2012 
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hi sifus. just wanna understand more about this. assuming I manage to open a asm account with rm1k. when they announce the dividend, I can withdraw the dividend or it will be added on to the units? sorry newbie here
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Jul 26 2015, 08:00 PM
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#2
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Junior Member
265 posts Joined: May 2012
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QUOTE(Ramjade @ Jul 26 2015, 07:55 PM) Dividend will be added to the total units you have. After that, up to you whether you want to withdraw or you want to keep. thanks for the reply! another thing, do we need to update the book every year or stg assuming we don't add units?  |
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Aug 25 2015, 12:45 PM
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#3
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Junior Member
265 posts Joined: May 2012
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noob question from me
for variable price funds, does asnb give out dividend every year as well? or we only get profit when we sell it higher than purchase price? |
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Aug 25 2015, 12:55 PM
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#4
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Junior Member
265 posts Joined: May 2012
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QUOTE(Ramjade @ Aug 25 2015, 12:48 PM) They give dividend of about 7%. Your profit and loss is calculated on final sum of nav (price of units + dividends given). purchase/selling price is based on nav right? and the nav will drop after they announce the dividend, is that right? any calculation sample would be appreciated.(sorry for all these noob questions. is there any website that I can refer to read more about regarding buying and selling?) This post has been edited by blogomatic: Aug 25 2015, 12:57 PM |
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Aug 25 2015, 01:04 PM
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#5
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Junior Member
265 posts Joined: May 2012
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QUOTE(Ancient-XinG- @ Aug 25 2015, 01:01 PM) Please refer first 5 posts. on my. only saw the top posts. thanks bro  |
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Aug 25 2015, 01:12 PM
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#6
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Junior Member
265 posts Joined: May 2012
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NAV of the day you invest - 1.1800
Amount of MYR invested - 10000 Units in hand - 8474.58 ___________________________________ Dividend pay on the financial year end - 7.0% Dividend - 593.22 MYR NAV of the day - 1.1300 Units paid - 524.97 Regarding the chart above, the dividend paid is 7% of the 8474.58 units right which is 593.22 units. just wonder how come 593.22 units = rm593.22 Total units in hand - 8999.55 This post has been edited by blogomatic: Aug 25 2015, 01:12 PM |
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Aug 25 2015, 01:27 PM
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#7
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Junior Member
265 posts Joined: May 2012
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QUOTE(Pink Spider @ Aug 25 2015, 01:22 PM) Dividend is on the PAR value/NAV price on Issue Date i.e. RM1.00 I see. thanks for the clarifications. really cleared much of my doubt. but in that way, this variable priced fund doesn't look really bad if they do give out 5-7% divided yearly. U have 8474.58 units Your dividend is 8474.58 x RM1.00 x 7% = RM593.2206 RM593.2206/RM1.13 = 524.97 just the 5% service charge + gst |
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Aug 25 2015, 01:38 PM
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#8
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Junior Member
265 posts Joined: May 2012
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QUOTE(Pink Spider @ Aug 25 2015, 01:34 PM) When u bought at 1.18, your dividend is NOT 7%... true. but does it work the reverse? let's say we buy at 1 unit at nav 0.9. dividend is based on rm1 as well? Similarly, let's say if the fund went to 1.5000, someone invest, and then next day say "5% dividend!" U don't get RM1.50 x 5%... U get RM1.00 x 5%... AND... Dividend in the context of mutual funds (yes, variable price ASN fund IS a mutual fund) is just cutting your mooncake into smaller slices (u used to have one round mooncake, when dividend is declared, they're just cutting it into, say 8 pieces, and then tell u "nah, here's one slice for u...ini dividen!") There is ZERO wealth effect. lol. nice analogy. but at the right time, we can get 1 round mooncake plus 1 tiny slice right? This post has been edited by blogomatic: Aug 25 2015, 01:41 PM |
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Aug 25 2015, 01:51 PM
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#9
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Junior Member
265 posts Joined: May 2012
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QUOTE(Pink Spider @ Aug 25 2015, 01:45 PM) NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO I see. i'm not challenging you or anything. just wanna understand a bit more.  Use another analogy... FSM regulars love this...  U invest RM100,000 in a chicken farm U start with 100 adult chickens Some time later, u have 100 adult chickens and 400 baby chickens People value your farm at RM200,000 now RM200,000 is the CURRENT VALUE of your investment Then NEXT DAY, your genius farm manager one day tells u... "Bos! I managed your farm well, now I hereby declare a dividend to u..." *push a cart loaded with 200 baby chickens to u* U happily receive it in a grand ceremony... After the ceremony, workers throw back the 200 baby chickens into the farm... Get the idea?  so if I decide that I want out, I want to sell off the 100 adult chicken and 400 baby chicken, I will get the 200k right? or am I thinking wrong again. |
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Aug 25 2015, 01:53 PM
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#10
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Junior Member
265 posts Joined: May 2012
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QUOTE(Pink Spider @ Aug 25 2015, 01:52 PM) What I was trying to say was... lol. yes. was about to say I understand what u mean already.Dividend or no dividend, makes no difference at all It's just a DECLARATION Your investment, thru time, has grown from RM100,000 to RM200,000. No declare dividen, it is RM200,000. Declare dividen, it is STILL RM200,000. but then, if my investment fell from 100k to 90k, dividend makes a difference? This post has been edited by blogomatic: Aug 25 2015, 01:54 PM |
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Aug 25 2015, 02:01 PM
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#11
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Junior Member
265 posts Joined: May 2012
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QUOTE(Pink Spider @ Aug 25 2015, 01:58 PM) here comes another view of this thing... I see. really learnt a lot of things from you today. thanks! After some time... Your adult chickens are mostly infertile...only 40 babies are born. Let's say a baby is worth RM250, adult is worth RM1K 20 adults had died of diseases.... Your genius farm manager can still proudly DECLARE a dividen of 40 baby ayam to u... But in actual fact your investment has fallen in value... 80 adults x RM1K = RM80,000 40 babies x RM250 = RM10,000 TOTAL = RM90,000 |
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Aug 29 2015, 12:32 AM
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#12
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Junior Member
265 posts Joined: May 2012
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QUOTE(nexona88 @ Aug 28 2015, 09:06 PM) while I support freedom of speech, but I have no idea why dreamer who keep calling others dummies. I think he has made his point but to repeatedly say the same things - no idea why is he forcing his ideas on others. if he's so smart, he would have already been Malaysia's top 10 richest person. but the fact that he isn't, I think many who listened to him has lost more money than those who invested in asnb. he keep saying this and that but it hasn't happened at all since a few years back. |
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Sep 2 2015, 10:46 PM
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#13
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Junior Member
265 posts Joined: May 2012
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QUOTE(dreamer101 @ Sep 1 2015, 10:17 PM) Folks, unker dreamer and his rant. lol. now he relates bersih and asx. Wake up!! The urban voters that protested THE GOVERNMENT are THE SAME ONE that give more money for THE GOVERNMENT to spend via ASx. In summary, A) The urban voters cannot vote out THE GOVERNMENT. B) The urban voters give MORE MONEY via ASx to THE GOVERNMENT to bride the rural voters. And, somehow the urban voters have THE AUDACITY to say that they want change?? Dreamer  I wonder if he has any proof of whatever he's saying |
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Sep 3 2015, 04:49 PM
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#14
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Junior Member
265 posts Joined: May 2012
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anywhere we can find the racial breakdown of ASM units?
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