if we buy 1,000, we got additional 2,000 = 3,000, free warrants only if we subscribe to the rights...offer price for rights is RM0.10, considering rights trade on 11/6 at RM0.10, hence 0.10 + 0.10 + mother = 0.20++ itu macam ka?
Simply:- Every 2 units DVM, u get 4 R + 3 Wa (Provided u take up R @ 0.10 per R.OK
In formulate term
2 dvm > 4 R + 3 wa (u buy 2 dvm entitled to subscribe 4 R at the price of 0.10 per R and only then entitled to 3 wa (conversion price to be determine later)) tq
Fundemental Factors for foreign market: Hang Seng (-216.20),Dow Jones (-216.95) Nikkei 225 (-518.89) better keep your money in savinng accaunt for a while.
RENOUNCEABLE RIGHTS ISSUE OF UP TO 387,200,000 NEW ORDINARY SHARES OF RM0.10 EACH IN DVM (“RIGHTS SHARES”) TOGETHER WITH UP TO 290,400,000 NEW FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF FOUR (4) RIGHTS SHARES TOGETHER WITH THREE (3) WARRANTS FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN DVM AT 5.00 P.M. ON 10 JUNE 2013 AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE
1) The Rights commence of trading (11/6/13) 2) The date of Despatch of the Prospectus and Provisional Allottment Letter of Offer (12/6/2013) 3) The last day and time for Acceptance, Renunciation and Payment (25/6/13 @ 5.00p.m) 4) The Rghts cease quotation (18/6/13)
The Stock Short Name DVM-OR
NEXT WEEK BUY BUY OR.. Free Warrant.. subscribe 4 OR get 3 Warrants.
Whatever adjustment to the share price is determined by yesterday's closing. adjusted share price based on 13 closing yesterday is 10.5. It's already trading ex today, meaning whatever transaction done today is not entitled to the rights.
Kamaru, you may like to give me yr email add so i can explain to you in length how this game plan is played out. Very difficult to type here cos I'm using smartphone. My computer crashed.
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....
azta12
5,594 posts
Posted by azta12 > 2013-06-04 13:24 | Report Abuse
Already out at 0.21,Yes extra cautious Goldman Sachs grp .(that had been collecting from lvl 0.12) might cash out.