noobs here. I wanna ask sth here before TMI right issue out.

1) I got 6 lots of TMI(ESOS), so meaning that they will send me a letter and ask do I interseted to buy the right issue?
2) when will I get the letter?
3) without the letter (if I m not one of the TMI share holder) then can I buy its share with the right issue price?
4) I m using iTrade , in the system is automatically display RM1.12 for TMI? Basically how can I buy it? I wanna buy 9lot
5) shud I open another account in iTrade cos previously the price I have this TMI is at 7.31, cos if I use the same account then will diluted the share price [ (7.01x6)+(1.12x9) ]/ 15 = 3.476 per lot . thus I just open a new account for only the Rm1.12 right issue and I can earn more from there. is that workable?


plz help sifu

This post has been edited by fumi: Apr 6 2009, 02:36 AM

It will be listed afterwards, high possible counter name would be TMI-OR. Check it out later, you can see this counter which will be listed for 1 week then delisted.

1. Yes.
2. After lodgement date possibly 1xth April
3. No. You need it.
4. No, it has nothing to do with itrade platform
5. Don't need. It has nothing to do with your trading account. Also one is enough to carry out all the issue.

Just approach itrade (or CIMB) personnel to assist you the right issue (if you don't sure what to do), they should able to assist you on this issue.
Feel free to post any further inquiry needed.

Cheers.

meaning that I no need to do anything on 8th of April (buy the share)? All I need to do now is to wait for the letter, right?

Yes, but if you don't receive it about a week or so, please check with the company registrar.
As there is a date line for the right subsription, should be before the end of the month.

thanks for the answer, hmmm last questions


Let say I bought 9 lots in 1.12 (right issue) and previously own 6 lots in 7.01 (esos). So when I wanna sell it, can I choose to sell the 1.12 one, dun wan to sell the 7.01 ( cos is RUGI )? or it have to calculate like that ----> [ (7.01x6)+(1.12x9) ]/ 15 = 3.476 per lot , sell it in average price?

Axiata is very strong today. Not too sure about tomorrow as i believe the selling pressure will be very high before the RI.

Hi just a quickie, I just sold my AXIATA 1 lot @ 1.90 today (9th April 2009).

I am still entitled for the 5:4 ratio share right, since the ex-date is yesterday?

Meaning on 10th April 2009 (which is the entitlement date) I should have 800 shares right? (1000/5 x4)

I think you are entitled 4 1250 shares for every 4 shares you get 5

1000 divided by 4 x 5

1250 is odd lots already. if u dont sell it, when the form reach ur door step, i think you can subscribe 1300 to round it up and sure u will get it one. correct me if i m wrong.

This post has been edited by yloon: Apr 10 2009, 12:32 AM

Today this stock not moving much. What happen?

People are more cautious in this counter due to the right issue.

Hmm.. Axiata keeps going down for the past few days with no sign of recovery.

It will further go down once the OR being listed.

Can explain rationale behind this ? I remember that Cherroy had posted something with regards to Maybank-OR that buyers will choose between the OR and mothershare depending on the price differential. What would be the starting price of the OR ?

erm.. if buying Axiata.. what price u all think is worth it to enter now?

Buy at your comfort.

If at current price is not comfortable to you, buy lower.

anyone receive the letter for rights yettt?

will there be any transaction fee for the Right Issue??

Today closing price is pretty low: RM 1.77

The rights have been issued or what?

Not yet issue. Maybe tomorrow. I guess we will see Axiata-OR, correct ?