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Q&A, General question on stock market
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hibino55
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 Nov 24 2010, 03:50 PM
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Hi all, there is something really confused me.
1. Issuing right share and warrant
2. Consolidation, e.g. :
7164 KNM KNM GROUP BHD
Consolidated Share 4 : 1
Entitlement Details:
Share consolidation involving the consolidation of every 4 existing ordinary
shares of RM0.25 each in KNM Group Berhad ("KNM") into 1 ordinary share of
RM1.00 each in KNM ("Consolidated Share").
I would be very grateful if someone can explain a bit bit about this. Thanks in advance
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hibino55
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Nov 24 2010, 03:54 PM
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QUOTE(cherroy @ Nov 24 2010, 03:52 PM) 2. Your existing 4 shares of KNM will be consolidated/merged into 1 share. Thanks  Here comes the question. Mentioned there 4 RM0.25 share will become a RM1.00 share, but currently, KNM is at ard RM0.44, how is it possible to do that since the price is not sync? |
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hibino55
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Nov 24 2010, 04:19 PM
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QUOTE(cherroy @ Nov 24 2010, 03:59 PM) RM0.25 to RM1.00 is about par value of the stock. It has nothing to do with market price out there. After consolidation, if it closed at 0.44, next day after consolidation, it will open at 0.44 x 4 = 1.76 PS: if you don't understand about par value issue, it is accounting issue. Thanks Cherroy, now I got it  |
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hibino55
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Jan 21 2011, 09:21 AM
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Hi All, I have a question regarding placing order.
What is the criteria which affect how fast my order goes into the queue? Could it be the time when I place order? or the bank I am using? Thanks
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hibino55
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Jan 21 2011, 10:07 AM
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QUOTE(cherroy @ Jan 21 2011, 09:46 AM) Your broker system, as normally, when you placed order, the order goes to the broker system before being directed to the KLSE main trading system. Currently there is no direct link from clients to KLSE main trading system, as far as I know. Thanks Cherroy. But the case I am dealing is, let's say I want to place a selling order at RM0.70 tomorrow, and I do the placement just after 5:30pm. So in the next morning, will I appear in the early queue? Some friend told me I'll, but I really cannot spot it... My suspect is, it is dependent on the client's system, but I am not sure. |
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hibino55
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Jan 21 2011, 10:44 AM
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QUOTE(cherroy @ Jan 21 2011, 10:29 AM) It depends on your broker system. You submitted the order at 5.30pm, but this order is not going to be directed to the KLSE trading system, it remains at broker system/server. KLSE trading system only open at 8.30 or 8.45am, (forgot which time), so it is how your brokers system re-route the order to the KLSE and how fast it being re-routed on the next trading day. I see, too bad then. I always notice my order will only be confirmed at around 9:03am  Thanks Bro! |
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