There is a report that said CPO stockpile will continue to drop, bullish for CPO.

haa now already 2-1 ah

aiks...wat happened....been bz lately...u all so xcited wor....
2-1??? i tot MU won 3-2...or is this champion league score prediction tonite ar????

btw...thinking of selling some.....dunno tomolo will cont rally o not....aiseh....once c market sure dilemma

actually really suprised with the FCPO performance didnt expect it to rebound this quick and strong i.e. anything above RM 2K

if thats true than probably i revise my estimation from June to Dec 09 contracts...

but by year end there should still be a glut that might cause FCPO to dip probably the trend would be more obvious around july aug sep oct nov dec contract (peak cycle)

This post has been edited by aurora97: Apr 7 2009, 04:35 PM

Guys..i wanna ask something...say if i buy Maybank-OR rights 500 lots @ 1.08..once i execute it later i will have to top up 2.74 * 50000 right ? When can i execute ?

This post has been edited by Ka3tr0: Apr 7 2009, 04:36 PM

Yes, prepare the money if your wish to keep the OR, otherwise next week all money down to the drain.

There is no when, you can send it anytime, just send the subscription and money to the company registrar but must be sure before the date line.

purchased right issue price: 500 x 1.08 = 540

right issue exercise price: 2.74 (500 X 2.75 = 1370)

mother share: 3.940 (500 x 3.940 = 1970)


540+1370= 1910
1970-1910 = 60
this is the amount u will need to top up RM 60 in order to exercise the right issue ...

otherwise ...

ur right issue will become 0 value.

*someone corect me if i am wrong*

lol didnt read be4 i answer... anyway am i right to assume the above formula is what i need to pay in order to be entitled for the mother share?

This post has been edited by aurora97: Apr 7 2009, 04:42 PM

Thats what bothering me...the dateline...and to whom should i transfer the money...or the broker which is Maybank2u settle things for me.

They will settle for you (for those nominee account), seek for their assistance how to proceed.

Market so geng until my M2U also not working....

i dont quite understand ... what do you mean have to top up ?
if i bought 17000 x1.07 ... what else have to do ? why the value go nil .. and when ?

Then my assumptions is wrong...i thought i could get the mother share at lower price = (1.08 + 2.74) = 3.82....while the mother share trade at 3.9++. Dont know that i would have to top up the difference between the mother share and the price of right..hehe..

have to topup extra RM2.74 x 17000 in order to get full mothershare MAYBANK...
if not interested by next week MONDAY, the OR will be RM 0...

Your assumption is right.

You'll get it cheaper than mothershare price if mother share is higher than OR price + 2.74

The rights went nil if you not exercise it by 20th April. You just treat it like warrant which almost expire loh.
If you want to exercise then please pay 17,000*2.74=RM46,580.
But serious, you bought so much?

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Added on April 7, 2009, 4:53 pmYour assumption is right.

This post has been edited by htt: Apr 7 2009, 04:53 PM

I actually planning to buy considering maybank 52 weeks low @ 3.7 and the current market seems recovering bit by bit...was hoping for dividend at year end too...

btw..how much did maybank give last year...percentage wise...from maybank2u platform general info it says dividend yield is 0.13 which is 13% but report ended 30/6/08...ahaha

FYI,Axiata ex-rights reference price tomorrow is 1.79.

Someone is super confident about Maybank! Or for goreng?

Just called my dealer. For nominee account, you just need to put all money in your share account and the bank will settle for you.

This year be prepared for lower dividend, because rights dilute profit, profit also take a hit from write down & less business.

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Added on April 7, 2009, 5:00 pmI buy because they were beaten down by a lot, if cimb & pbb down by similar percentage (or even less than that percentage, mbb deserved the drop because their s**p*d actions, but I think that has overdone), I will go in also

This post has been edited by htt: Apr 7 2009, 05:00 PM