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 Stock market V23, New PM in the house

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civicminded
post Apr 13 2009, 06:30 PM

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Good Day All,

Beginner question here. I bought 7 lot of TMI(Axiata) last three week for 2.73 via maybank online trade, and was not login/observe the price movement until yesterday. When i login yesterday, the price has been reduce to 1.79 due to divident/entitlement what so ever, which i do not understand.

What happen to my stock? Am i in the loss now? How the divident/entitlement affect my stock?

Thank You.
civicminded
post Apr 14 2009, 10:24 AM

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Joined: Apr 2009
QUOTE(cherroy @ Apr 13 2009, 07:44 PM)
Wrong wrong liao. It has nothing to do with call warrrant, CB.

He/she got Axiata-OR which is going to be listed later on 15th April.
Basically with 7 lots previously with 5:4 ratio, 8.75 lot being allocated which enable for one to buy at RM1.12.
*
I want to buy the OR but do i need to do anything or just wait until the Axiata-OR being debited in my portfolio?
Thanks

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