If every one think like you then we just give up our right. No doubt we cannot fight with yeoh family. But if we don vote for convert they cannot do anything as well. Don give up so easily.
I am not into YTLE but saw YTL price went up before announcement from RM1.62-1.70. Even they pay you dividend, you stand to rugi as YTL will also need to pay dividend and price of YTL will adjust accordingly. If it is cash payment of YTLE, then the whole story will be difference. If you purchase 50000 shares now and you will only earn the most RM500(less than 2%) based on YTL@1.67. So i think it is not worth at all after considering all the risks involved as we never know what will be the future price of YTL
Yes, that is a good idea. We should all write to YTL to let them know that they can't simply abuse minority shareholders. When they need fund, they list. But when the company is making money (or, supposedly so-called "undervalued") they keep it all to themselves. Too many companies are practising this bad habit in Malaysia. Everyone can talk up a good righteous game, but, let the deeds show.
I am going to just hold on to my YTLE and see what happens. In the offer document, it is clearly shown that the weighted average YTL Corp price over the last year was below the RM1.65 that the exchange is based on. I agree that this is a rip off.
sbtan624: you may hold until 15/10/16 as full year result may announce this week. YTL may revise the offer if YTL shgare price not perform well after this. brain_wwh: I also got a msg from my dealer rgrd this, if your trading account opened under trust, they act on-behalf as trustee.
as I advise earlier, no need to fight with yeoh family, they run the business for u. they offer, u accept, win-win situation, ytl do pay dividend . if dont accept, can sell off and go to other company.
I dont think dividend will be given, absorbing back ytle is in process, they wouldnt want to make u guys feel rewarding and struggle here.
if u own the share before expired date, should be no problem
my opinion, u find the phone number for inquiry from offer document, call and ask about the offer -how long does it take -whats the ratio if u wanted exchange
We have surrendered YTL E to YTL CORP; so we got in return YTL Corp shares at rate RM 1.65 per share. Current Corp price is at RM 1.69 but our YTLE was swallowed at rate RM 0.55 per share. Still we are OK because we will get dividends at 9.5 cts per share from our new YTL corp shares. However those who bought earlier YTLE at price RM0.60 and above will have to bear a significant loss. But family of Frances Yeo will laugh all the way to the bank for getting YTLE cheap. So am I right in my analysis? Please give yr comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
naruko
338 posts
Posted by naruko > 2016-07-27 12:18 | Report Abuse
Yeoh said will complete the conversion by end of this year, so is possible div to be paid before that