I already buy at rm 1.08 using rm 20k.No regret.I will be happy if its pass rm 1.80.Ex price will be passing 90 cent above.Anything more will be a bonus.
ConfirmKaya: I dont think your remisier has advised you correctly.
1. Ex date is a date if you purchase you dont get the entitlement, it will go to the seller
2. You should hold till 14 oct for entitlement
3. I dont think there is a day difference for the bonus to be credited into your accounts ( cds and trading acct) there are linked online and real time.
4. Prices will not be adjusted 50%, you need to take into the consideration of the free warrant.
If I calculated correctly, we will get 1 bonus and 1 free warrant with exercise price 20 cts. Meaning if closing price on 14 oct is 1.30, the adjusted price for the mother share will be (1.30 + 0.2) / 3 = 0.50 cts.
Topcat, pls read again. Those existing holders or baught on 13/10/20 will get both bonus & free warrant, provided we HOLD UNTIL ENTITLEMENT on 15/10/20, @5pm.
Anyone, pls double check with your remisier/dealer.. Tkx
No. The warrant if based on my calculation will be listed at 30 cts.
Meaning on 14 oct if your have 10k units , at 1.30 your total holding is 13k with no warrant
On 15 oct, you will have 20k units mother share and 10k warrant . At adjusted price of 50 cts on 15 oct , and if warrant listed at 30 cts, your total holding is 20k x 0.50 + 10k × 0.30 = 10k + 3k = 13k
20 cts exercise price is for you to convert warrant to mother share.
ESCERAM - Notice of Bonus Entitlement ES CERAMICS TECHNOLOGY BHD
ES CERAMICS TECHNOLOGY BERHAD ("ES CERAMICS" OR "COMPANY") BONUS ISSUE OF UP TO 236,565,097 NEW ES CERAMICS SHARES ("BONUS SHARES") TOGETHER WITH UP TO 236,565,097 FREE DETACHABLE ES CERAMICS WARRANTS ("WARRANTS"), ON THE BASIS OF 1 BONUS SHARE TOGETHER WITH 1 WARRANT FOR EVERY 1 EXISTING ES CERAMICS SHARE HELD AS AT 5.00 P.M. ON 15 OCTOBER 2020 ("BONUS ISSUE OF SHARES WITH FREE WARRANTS").
Kindly be advised of the following :
1) The above Company’s securities will be traded and quoted “[EX-BONUS ISSUE]” as from: 14 Oct 2020 2) The last date of lodgment : 15 Oct 2020 3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:- a) Selling Broker to deduct <1/2>, of Selling Price against the Selling Client b) Buying Broker to deduct <50%>, of Purchase Price against the Buying Client c) Between Broker and Broker, the deduction of <1/2>, of the Transacted Price is applicable.
Remarks 1: - “Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 15 Oct 2020 with bonus issue of ESCERAM shares, any shareholder who is entitled to receive ESCERAM bonus issue shares, may sell any or all of his ESCERAM shares arising from the bonus issue beginning the Ex-Date ( 14 Oct 2020).
For example, if Mr X purchases 100 ESCERAM shares on cum basis on 13 Oct 2020, Mr X should receive 100 shares on 15 Oct 2020 . As a result of the bonus issue, a total of 200 ESCERAM shares will be credited into Mr X's CDS account on the night of 15 Oct 2020 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 200 on or after the Ex-Date ie from 14 Oct 2020 onwards."
Remarks 2: The date of the listing and quotation of the Bonus Shares and Warrants shall be on 26 October 2020.
The Bonus Issue of Shares with Free Warrants will entail the issuance of up to 236,565,097 Bonus Shares to be credited as fully paid-up, together with up to 236,565,097 Warrants on the basis of 1 Bonus Share together with 1 Warrant for every 1 existing ES Ceramics Share held by the entitled shareholders.
The Bonus Shares and Warrants will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") 2 market days after the submission of the quotation application for the Warrants to Bursa Securities.
The notices of allotment for the Bonus Shares and Warrants will be issued and despatched to all entitled shareholders not later than 4 market days after the date of the listing and quotation of the Bonus Shares and Warrants on the ACE Market of Bursa Securities.
Understanding EX Dates(14/10) Entitlement etc, (Suppose I have 1000 shares now)
If I selll on 14/10, I am still entitled for bonus 1000 shares plus 1000 warrants because due to T + 2 policy, it is still registered in my name by CDS on 15/10 (anybody buys on 14/10 or after is not entitled to bonus shares plus warrants)
If I dont sell on 14/10 or after,Im entitled for 2000 shares plus 1000 warrants. (Some people sell to take profits on 14/10, because price usually drop after the split due to profit taking and lack of buyers..why buy on 14/10 or 15/10? No bonus + warrants)
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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....
kmwong8711
639 posts
Posted by kmwong8711 > 2020-10-05 12:01 | Report Abuse
Next resistance is 1.40
Once clear is flying like rockets