Agree

resorts & genting are inching downwards

glc party is over

hmm.. noted

want to ask again. regarding the rights for maybank 20:9 and TMI 5:4....Is it 1 share they mean 1 unit as in 100lots or 1 unit = 1k lot??

1unit = 1 share

1Lot = 100units

Yeah, I'll like to know that too.

Let's say if I buy 20Lot today, what'll happen on 31st? Want to get some Maybank, price seems a bit ok... hoping for a drop to 4.2x before going in

---

Added on March 27, 2009, 10:44 amhow can I top up to get the new shares? to make it to 29 shares?



This post has been edited by eltaria: Mar 27 2009, 10:44 AM

like maybank 9 right shares for every 20 existing shares, issue price of 2.74/

does this mean if i got 20 lots - then I can buy another 9 lots at 2.74. OR I need 20 shares meaning 20x4.34 = RM80780!!!! then only can buy the rights?

It is the ratio, if you have 10 lot aka 1,000 shares, they will allocate 1,000 x 9/20 = 450 shares of right issue.

But since 50 share is not tradable, you can apply for excess (or extra unit) of 50 shares to make it 500 shares, but there is no certain you will get it, it depends on the market responde of the right issue, got extra give it to you, if not, then no.

You can still sell the 50 or buy 50 from the Odd Lot Market... to make it ngam ngam..

i think it reflects the true sentiment of the market, investors are still on the cautious side though now a bit braver.

is like a robber, if once he steal didnt kena tangkap during day time, he will try again and again and again until he get caught... and of course he gets braver... first time being pisau, than pistol than machine gun...

until of course until he kena tembak mati by police ...

than back to square one.

---

Added on March 27, 2009, 11:11 amyeah can buy odd lots from the market, by last time i remember forgot which counter think it was IOI... the odd lot difficult to sell and if u can sell also the price is slight below maket rate... if u want to buy slightly higher.

only drive up ur avg cost and the only winner is the remisier.

This post has been edited by aurora97: Mar 27 2009, 11:11 AM

why they do like that, wanna offer then offer properly la...make life difficult kena odd lot pulak...haix....

KLCI entered the red zone. Time to do some shopping, perhaps.

To goreng (not manipulate as both is a bit different), you also need some skill and strategy to work it out, not that simple like got enough money will do.

Even you have large enough fund to do it, if your strategy is poor or technique to goreng is not good, you won't able to create the "excitement" out of it.
In goreng, what you want is to lure other "ikan bilis" to join you to form a good goreng, by then it is very effective, your 10 dollar is as good as 10,000 dollar of buying force.
That's why people want to spread some rumour around, to 'borrow' other forces/money to push up the price for them.

---

Added on March 27, 2009, 11:24 amThis one should be a bear that wearing bull mask that is too heavy to run very far.



This post has been edited by cherroy: Mar 27 2009, 11:24 AM

i remember there was a chinese saying on this...

but the history behind it was this dude were short on arrows, so they sent their ships or whatever it was over to the enemy... the enemy thinking was an invasion start sending a hail of arrows towards the enemy...

wala... free arrows, 0 cost n labour...

they just had to pluck out the arrows from the ship, like apples on a tree.

If too mahfan,you can also opt to accept partial.ie accept 400 shares only and forego the 50 shares,but you will lose out the potential gain on the 50 shares.So better to accept and apply for excess.

Haha..i knew this strategy.
Been applied in "Three Kingdoms" movie by Zhu GeLiang.
Marvellous war strategist.

ps: Off topic little bit coz market too boring :S

Noob mode - So if I buy 20 lots and hold til april, what'll happen?

1) Do i need to pay extra to get the 9 lots?
2) Don't pay and don't get the extra lots, but my per share price diluted accordingly?
3) Don't pay and get the extra lots, with share price diluted accordingly too?

1) yes, but you can sell-off the right
2) Don't do it, as share price will be adjusted according to the right issue, you lose a lot by not take up the right issue. If really don't want to subscribe the right, sell off the right in the market
3) Same with 2)

Kindly be advised of the following :
1) The Rights commence of trading : [ 7 April 2009 ]
2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of
Offer :
[ 7 April 2009 ]
3) The last day and time for Acceptance, Renunciation and Payment :
[ 21 April 2009 @ 5:00pm ]
4) The Rights cease quotation : [ 14 April 2009 ]
The Stock Short Name, Number and ISIN Code [ MAYBANK-OR, 1155OR and
MYL1155OR003 ] respectively
MANAGER, SEC. MARKET

So, as a shareholder, i'll get this MAYBANK-OR on 7th April, 9 lots?
Which I can sell or convert to the mother share? Same concept with warrants?

---

Added on March 27, 2009, 11:54 amMaybe I'll just wait and buy after the rights issues, to save me some headache.. :S

This post has been edited by eltaria: Mar 27 2009, 11:54 AM

So MAYBANK rights issue will be traded on 7th April huh? I thought it was 1st April.....

Anybody going for the rights? I think I want to get some....

Woo hoo! Go UCHI go UCHI! (looks like buying Q getting thin.... )

This post has been edited by kmarc: Mar 27 2009, 11:55 AM