Your 8 K OR (ordinary Rights) will be in your CDS before the opening bell of the OR tradind day (6 July to 12 July).
As I mention earlier I had adviced a friend to sell off the OR.
The best price of the OR is usually at the opening half hour so my friend is trying to sell it at the opening bell on the 6 July.
I also advised him to continue holding to the TIME share that he have.
( To me TIME is not a good company own by strong hand like khazanah, and many other goverment funds and the had paid heavy price for their share more than RM1.00 so he can still hope that the goverment will come to help... If he had not already have it I will not recommend that he purchase TIME share.)

What about exercing the right?... More money needed to buy it. in your case almost the same amount as what you had paid for the TIME share. (to me I just don't like the idea of buying a fan to get to buy an airconditioner at a discount)

What about selling the mother to pick up the OR...
(In my earlier example You than sell the fan to buy the airconditioner at a discount...The main question that you have to answer is do you want this airconditioner?)
TIMECOM is a better company than TIME the share price is more than 2 time higher but they also had announced a few things that you should be aware. If I remember correctly they are going to have a capital reduction from 1.00 par to a 0.10 par and merge 5 share for one 0.50 par share in your case the 8K 1.00 par share share will be 1.6K 0.50 par share . Is that good or bad? To me, don't look that good.
I am more suspicious now that TIME who had announced a plan (at last year AGM ? ) to dispose their TIMECOM in 5 years suddenly accelarate their plan by passing TIMECOM share to their share holders they might know something that we don't.
So be extra careful as a Malay saying " Lepas mulut harimau masuk mulut buaya lak"
I hope I had given you some ideas what you can do.... If you sill need my view you may call me during trading time at 03 7731 1964

that was very helpful rosdi...thanks for sharing!! any idea where we can look at our CDS account? is there some online portal ?

The CDS dont change . It is the sameCDS that you are using to buy your TIME.

so let me get this right ...i will have 8k of TIME - OR in my CDS .. and supposing if i don't want to take up the offer of timecom (8:10) ...what do I do ? on the opening day i SELL all the OR and TIME ?

If you dont intend to pick up you should sell your OR. From previous experience the OR price is at the highest on the open ( 6 July 09:00 Hrs)
My guess the OR price will be between 0.18 to 0.16
TIME is up to you to sell or not?
If I were you I will keep TIME aiming for a higher price in the short term...
I would had not bought it in the first place... but if I already have it.. I will aim for 0.35 or so... and stop at 0.255

oo, i was thininh all this while i have to buy timecom..so that it balances my purchase...
so if i sell my time at rm0.35 n OR at rm0.18 that means...i actually sold my time share at about rm0.53 right
?

Not 0.53 but just 0.49+ (as your 0.18 or can only contribute 80% or 0.14+)

my remiser asked me not to sell the OR, but use it to buy TIMECOM, and then asked me to keep both TIME & TIMECOM until it goes up in a few months ... and then sell it all ???

Sure that is an option!!!
You have to come up with another (8K * 0.53) = RM4.24K to pick up TIMECOM.
I hope he is not the same guy that had recommended you to buy TIME in the first place which had landed you in this tight spot.

If I were you I will ask myself, Do I like to have TIMECOM at this time and for the price that I have to pay.
If the answer is a strong YES than I will pick it up.
If NO. I will just sell the OR and I will just ignore the recommendation of others as I will be the one that is going to pay for it.
good luck

This post has been edited by rosdi1: Jul 4 2011, 05:42 PM

Renounceable offer for sale by TIME Engineering Berhad (“TEB”) of up to 626,181,720 ordinary shares of RM1.00 each in TIME dotCom Berhad (“TdC”) representing its entire equity interest in TdC (“Offer Shares”) at an offer price of RM0.53 per offer share reflecting a discount of thirty three point seventy five percent (33.75%) to the five (5)–day volume weighted average market price up to 17 June 2011, being the day prior to the price-fixing date, on the basis of eight (8) offer shares for every ten (10) ordinary shares of RM0.20 each in TEB held as at 5.00 p.m. on 5 July 2011 (“OFS”).

does that means if I sold mine today i won't be entitle for the rights?

The X was on last Friday (1 July) and now is already post X .
So the rights had been allocated to you. The OR will be in your CDS on 6 july.

If I can remember correctly..the price was adjusted on the same very date of the x-date. If let say if I would've bought time on the 1st july before 5pm...I will be also entitle rite? plus I would not incurred any loss due to the price adjustments on the opening of 1st july...can you advice me on this?

This post has been edited by muxx: Jul 5 2011, 06:08 AM

i think the OR is available to those who bought zTIME before X date...

After the X is business as usual.
If You buy on 1 July you are not entitle to the right..
That is alredy post X,
If you buy a day warlier you are entitle as that is pre X

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Added on July 5, 2011, 8:58 amyes you are right

This post has been edited by rosdi1: Jul 5 2011, 08:58 AM

slack...today i told my remiser to sell the OR at opening about rm0.16.,,,but he didnt sell, cos it never went to that figure..just now i call him he told me...looks like i have no choice but to pick up 8 lots of timecom....damn...any advise?

Your remiser had fixed up his mind wanting you to pick up......
To make him happy you just follow him .. I am sure his maths is not that good
The TIME -OS now is 0.145 and TIMECOM is 0.695 and dropping and I wouldn't be too suprice if TIMECOM will drop to 0.65 before the weekend and TIMEOS will be back to0. 12 by weekend
But this is not going to be the end of the story. By the listing date I think TIMECOM will drop another 10% or so....at 0.60+-
Then you should go to see your remiser to do the maths again.

Your remiser understand that the prices will go down... and his reasoning to ask you not to sell is because he believe that after going down the share will go up again... I think he might be right in that... but what I dont understand is why he (or is it a she) want you to ride the storm . To me you should be out and if you still like it later you can always buy back

So you suggest that I sell my OS tomorrow, and sell my TIME tomorrow ??

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Added on July 7, 2011, 10:08 amsold time OS at rm0.17., now wait for TIME to go up....

This post has been edited by kilrathi: Jul 7 2011, 10:08 AM

recently TM Unifi having strong subscriber base growth and coverage expansion

how about Time ?

Now that the TIME storm is over.
I think TIMECOM weathered the storm quite well to just dropped to 0.675.
I expect it to drop another 5%.
With the TIME issue over I think it now going to move up without the disturbance from TIME anymore.
I think that TIMECOM is all set again for a good up movement.
TP: 0.84
Time frame 100 Trading days

I still have good feeling on timecom, although we still haven't seen the REAL SHOW yet after so long time. I hope it's just ahead of us, not too far away?.....