kebawah hari ni.... haha newby: 22 oct, buy before this, you MAY entitle to get the right, 26 oct, if you still HOLD the share, you get the right... if sell it before 26, you are not entitle to get right
ok la,cantik buka hari ni... yup ex date, but if you sell today, and not holding till 26 oct, still cannot get the right share. even you beli 0.18 sen pun, still profit, if the price maintain around this level...
coyo: Ex date means that the offer expired, usually memang ex together with entitlement, if the company didn't state, mmg biasa tak state pun. in this case however, inix ada state.
Assume only: Bought OR: 0.03 Subscibe: 0.10 Listing price of the new right shares: 0.13 Listing of the new warrants: 0.03 x 0.75: 0.0225 Profit per OR bought: 0.0225 If bought 100,000 OR, then profit = 2250.00
Assume only: Bought mother share before x-date: 0.18 Subscribe rights : 2 x 0.10 = 0.20 Price paid per share : 0.38 ÷ 3 = 0.127 Listing of new rights shares : 0.13 Listing of new warrants : 0.03 x 0.75 = 0.0225 Total price if sold all the shares + warrants : 0.1525 Total profit per share : 0.1525 - 0.127 = 0.0255 Profit if bought 100,000 mother shares = 2550.00
Assume only: Bought mother share before x-date : 0.18 Sold mother share after x-date : 0.13 Contra lost per share: 0.13 - 0.18 = - 0.05 Subscribe rights shares : 2 x 0.10 = 0.20 Listing of new rights shares : 0.13 (2 x 0.13 = 0.26) Listing of new warrants : 0.03 x 0.75 = 0.0225 Total price if sold all the rights shares and warrants : 0.2825 Net profit per share : 0.2825 - 0.05 = 0.2325 Profit if bought 100,000 shares before x-date : 2325.00
Inix OR is currently trading at discount compared to mother share..mother is trading at 13c while the OR is at 1c. Right issue subscription is 10c, therefore example if you buy INIX-OR at 1c and subscribe rights issue, you will get mother shares plus free warrants..
So theoretically, the reason why this happen is maybe many investors do not want to subscribe to the right issue,hence many sellers than buyers emerge
INIX-OR will only be trading for another 2 days, should there be long term investors who evaluate that this right issue is a good deal for investment, we would see the price of INIX-OR rising within the last 2 days where there will be more buyers than sellers
Sorry I don't understand the OR... Means if I bought mother share before ex-date, for example at 1000 x 0.16, then I would be entitled to get 2000 OR, right? So if I hold the both the mother share and OR till the rights cease trading, what would happened?
@ Newgen If you hold OR after it cease trading, then means you have to subscribe to the right issue by adding 10c for each unit of OR you have
so means if you have 2000 OR, you will have to topup 10c X 2000 = RM 200 to get 2000 new INIX mother shares
so after the new mother share listed, you will have total 3000 INIX mother share
currently people selling OR because they do not have capital to subscribe..whereas for buyer, the OR is currently at discount because they just need to add 10c to get new mother share and mother share currently at 13c
yes you are right..plus you will profit on the free warrant which you will get..so means you profit 40 bucks plus whatever the free warrant price on opening day
at closing today we see lack of selling at 1c compared to yesterday..this would maybe sign that those who do not want to subsribe have sold off their shares..
this might signal a turn of tides, if on monday long term investors start to come in to subscribe the right issue, then we should see some rebound in the OR shares..
I bought Inix 100000@0.18. I was offered 200000 RI@ 0.10. If I decide to subscribe to RI, I have to fork out RM20000k. I will own 300000 + 150000 free warrant. Should I subscribe or shouldn't I? Your advise pls
@ myshare, see my second assumption posted on Oct 29. If my assumption comes true then you will make profit as stated. The calculation was converted to per share, before and after rights with warrants.
Correction to my 3rd assumption: Bought a mother share before x-date : 0.18 Sold a mother share after x-date : 0.13 Contra lost per share: 0.13 - 0.18 = - 0.05 Subscribe to 2 rights shares : 2 x 0.10 = 0.20 Sold the 2 new rights shares on listing : 0.26 (@0.13) Sold the new warrants on listing: 0.03 x 1.5 = 0.045 Profit if sold all the new rights shares and warrants: = 0.26 + 0.045 - 0.20 - 0.05 = 0.055 Profit if bought 100,000 shares before x-date : 5,500
Correction to my 2nd assumption: Bought a mother share before x-date: 0.18 Subscribe two rights shares: 2 x 0.10 = 0.20 Total price paid for 3 shares = 0.38 Sold all rights shares on listing: 3 x 0.13 = 0.39 Profit per share = 0.39 - 0.38 = 0.01 Sold all new warrants on listing = 1.5 x 0.03 = 0.045 Total profit per share + warrants : 0.01 + 0.045 = 0.055 Profit if bought 100,000 mother shares = 5500.00
Correction to my 1st assumption: Bought one OR: 0.03 Subscibe to a OR: 0.10 Sold on listing of the new right shares: 0.13 Sold on listing of new warrants: 0.03 x 0.75 = 0.0225 Profit per OR bought: 0.0225 Profit if bought 100,000 OR = 2250.00
Thanks for sharing. I might sell half and keep the other half of the OR since I do not want to put all my eggs into one basket. And hopefully tomorrow will be a good start for INIX and INIX-OR again.
Yep tomorrow its possible buyer to overrun seller since the OR is relatively cheap compared to its mother and this might entice those who are wanting to subscribe the rights issue to buy into OR
Guys, the OR to Mother share transfer is done at 10cents per OR correct? Means when the OR cease trading, it will automatically convert to Mother Share and we just make sure our trading account has sufficient funds, right? Or do we need to contact our remisiers to ask them to do any manual conversion since most of us now are Online traders? Sorry i'm first time dealing with warrants and rights.
Or is it that I keep 2000 OR, then at the same time I go guy 2000 mother share at 10cents seperately? please advise. I'm not sure how this subscription really works.
Yea, you need to fill in the form, can ask from your remiser, buy and paste on the designated space on the form 'setem hasil RM10' + bank draft of the amount of rights shares applied and send it to the designated address
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Newby
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Posted by Newby > 2015-10-18 21:57 | Report Abuse
hi, can anyone explain the different of the date of 22 oct and 26 oct? thanks