SCOMI 7158
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 Oct 21 2009, 03:03 PM
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#1
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Junior Member
109 posts Joined: Jul 2008 
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QUOTE(vileparle @ Oct 15 2009, 07:54 PM) If i'm not mistaken they haven't declared it yet, check under the announcements. I recieved a circular about proposed renounceable right issue of 3 years 4% irredeemable convertible secured loan stock (ICSLS) bla..bla.. can anyone explained briefly what is this? Please need help here. tq. |
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Nov 10 2009, 02:27 PM
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#2
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Junior Member
109 posts Joined: Jul 2008
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Secured the contract but the price static.
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Nov 11 2009, 09:37 AM
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#3
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Junior Member
109 posts Joined: Jul 2008
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QUOTE(sjz @ Nov 10 2009, 07:08 PM) i already bought some seeing that the EX date for the rights issue is the day after tomorrow Yep it is a right issue but what I understand it is a different kind of right issue...Irredeemable convertible secured loan stocks (ICSLS)...what do you understand about this?  |
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Nov 11 2009, 01:44 PM
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#4
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Junior Member
109 posts Joined: Jul 2008
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QUOTE(ante5k @ Nov 11 2009, 11:36 AM) I have no idea what the rights means ..... anyone got any website that explains what these things are? I'm not good about this and please correct me if I'm wrong. From what I understand is the ICSLS is some short of loan... if we take the right issue mean we give money to Scomi for 3 years with 4% annual interest..after 3 years this can be converted to SGB share at a certain price (yet to determine ). In other word Scomi force us to give the money and we become a Along.This post has been edited by shahmh: Nov 11 2009, 01:44 PM |
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