lawrencelim

lawrencelim | Joined since 2011-09-16

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Stock

2012-05-27 21:18 | Report Abuse

This stock seems have dropped a lot from 6.58 to 5.30 currently. Drop about 20% within a month. Other plantation stock does not seem to drop so much. Time to buy?

Stock

2011-12-27 07:03 | Report Abuse

let's assume the cum right price is RM2.6. The right issue (RI) is RM1.2 each. 2 right issue for every 10 ordinary shares(OSC).
Value of share (10 OSC + 2 RI) = RM2.6 x 10 + RM1.2 x 2 = RM28.4
Value of share (12 OSC)= RM28.4 / 12 = RM2.3666666 per share

Stock

2011-12-21 08:07 | Report Abuse

[ex-right price - issue right price]/ex-right price = [2.23-1.2]/2.23 = 0.4619 = 46%