Online trade mostly min is Rm28. Phone up remisier is Rm40.

Slowly accumulate for some might be mean 30-50 lots per transaction. (x100)
So buy 50 lots or 100 lots, commission rate still the same.

This post has been edited by cherroy: Aug 18 2008, 08:59 PM

LIKE what i mentioned before, i use my online trading account to look at stock price only. I personally still prefer callling up remisier let him key in. I don really have confidence on online trading in case typing the wrong figure.

I invested about 80 k in YTL power and WB in one day . No more money to enter already

This post has been edited by darkknight81: Aug 18 2008, 09:04 PM

lol....just key carefully is enuf. no need to pay extra to remisier.
for me i trade online...then call remisier just asking for information.

sry to jump in hehe, but i'm abit confuse...

i wanted to start some online trading and about that commission rate, how many lot min that will make what we buy is a good value for a small time trader and for starter?

Charges Per transaction (one day)

Minimum Rm 40 / 0.7%

Scenario One

So lets say You invest 1000 in one day.

(0.7 x 1000)/100 = Rm 7 .. Instead of being charge RM 7.00 you are being charged RM 40.00

Scenario Two

You invested 5000 in one day

(0.7 x 5000)/100 = RM 35 Since minimum charges is RM 40.00 you still have to pay RM 40.00

So it is aviseable to invest More than RM 5000 at one time to save the brokerage fee.

PB Bank, HLeBank offer online trade rm12 ....

YTLPOWER DISTRIBUTE TREASURY SHARES.


Distribution of One (1) treasury share for every Forty (40) existing ordinary shares of RM0.50 each held in the Company ("Share Dividend")


Ok this although a good thing seem to come a bit early as usually past few years the distribution is in December and normally 1:25 or 4%.

The 1:40 distribution means only 2.5% dividend.

Ex-date is 09/09/2008.

Edit: After reading the quarterly report another additional cash dividend of 7.5% is recommended for approval by shareholders for year ending 30th June 2008. Cash equivalent of RM0.0375 per share or at current markets 2.2% cash dividend.

So total is about 4.7% including share and cash dividend at current market prices.

This post has been edited by skiddtrader: Aug 19 2008, 08:05 PM

I got 35 Mother shares (350 x 100 lots) then i can only get (35/40) = 0.875 share? IF I WANT to get 1 share tat means i got to convert 5 more shares from my WB RIGHT?

huh? I don't get how you can have 35 mother shares when you say you have 350 x 100, that would be 35000 mother shares right?

Just take the total shares you have divide it by 40 and you will get the sum of shares which will be distributed to you. If you want to make it so you get a round number, you can either buy more mother shares or convert the warrants if you want to. In my opinion more worth it to buy the mother shares from the market as the warrants are at a premium now because of the drop in the mother share price.

If you have 35000 mother shares (350 x 100 lots) then you will get 875 dividend shares or about 8.75 lots.
(1 lot = 100 shares)

Edit: This kind of dividend will always make your share having some odd numbers. If you are a long-term investors, it doesn't really matter because the dividends are calculated per share basis. So whether you have 500 shares or 537 shares, it doesn't matter.

But if you are a trader and don't want to have this kind of odd lots in your CDS, you can try to buy more shares to even up the number so when the dividend share is paid, you will have accurate 'lots' that can be sold.



This post has been edited by skiddtrader: Aug 19 2008, 08:49 PM

pai sei . Actually i am a bit confuse about the terms shares and lot
For me when i tell my remisier 1 lot = (For example YTL power is RM 1.80 = RM 1800 I GOT TO Pay)
If i not mistaken last time 1 lot is 1000 shares but not 1 lot is 100 shares right?

I bought YTL power at RM 1.85 (35 lot) = Which is about 63k So i will get (35/40) x shares = (how to define)

Can anyone here define lot and share the different?

This post has been edited by darkknight81: Aug 19 2008, 09:10 PM

Well we have that confusion in what lots = ? even before this sub-forum was created. But the standard is 1 lot = 100 shares. Of course some remisiers and brokers have their own definitions.

So always remember 1 lot = 100 shares

So if i want to round up my share of YTL power i can convert my WB to mother share before 9- sep -2008 right?
Which means PPL who bought WB will not benefited from this issues right? But as i know normally warrant conversion price will be reduce after bonus issue For example WB whish conversion price is RM 1.25 maybe reduce to RM 1.10 for example.

How will the bonus shares affect the warrants?

As far as I know the share dividend after distribution will only deflate the share price by a bit so the warrants will also suffer slight drop but normally after cash dividend issue, warrant exercise price would be adjusted and so far no details of it has been announced.

---

Added on August 19, 2008, 9:24 pmYup that could happen as well, but warrant strike price adjustments are considered and will probably be announced later.

This post has been edited by skiddtrader: Aug 19 2008, 09:24 PM

Hmm, don't see much ppl sapu-ing YTL Power share though they have announced the final dividend (is it 7.5 cents?). Perhaps the windfall tax is doing its unjustice to many of the IPP.

By the way, does anyone know why YTL Power is not paying the first installment for the windfall tax? I don't seem to see their name on the list published in theSTAR. Is it because they are exempted or there is no effect on them (due to lower earnings?)?

please dun look down the special tax.
The account is refer to half year only.
The tax will be charges start July 2008 ....

Cherroy, since the minimum brokerage went effective, I seem not affected by it.
I did my transactions like normal through my remisier, but sometimes i did get charged less than RM40 for my smaller trades.
I am still being charged the usual 0.7% by my broker. How come it's like that?

If one always transact more than roughly 5K per transaction, it won't have any effect.

I don't know your exact situation, more details will help to clear air.

0.7% is pretty high, the 2 remisiers I usually deal with is imposing 0.6% only, but this rate can be varied depended on investment bank and remisier themselves. But for sure, max is 0.7%.

Most of the time, my trades are above RM10,000 for second-liners, except for those penny stocks (which would normally be less than RM5,000).
I am registered under a nominee account, so I guess that was why my brokerage is higher?

Then change brokers lor.

Seriously, sometimes you have to ask for it, especially your transaction record is good one (pay on time) should get 0.6%, as nowadays, commission rate is no longer like last time out which is fixed. Now, it is fully negotiable. But for small fish for retailers, generally and majority is 0.6% and 0.42% (online, 30% discount).

It depends on individual and investment bank.

PS: I had no experience with nominee account as personally never like nominee account, all are direct account with investment banks.