you just looked back the Dividend too. it also mentioned ex date and entitlement date which is a day different. Ok lah, i help to give u the definition as well. Most of you could be first time receiving bonus shares.
Ex-dividend date: To be eligible for a dividend payout, you need to purchase your shares before (not on, or after) the ex-dividend date. Entitlement date: This is the date on which a company checks its records to see who should receive the dividend. Payment date: This is the date that you'll receive your dividend.Sep 3, 2019
@fujisnow I think 15 Oct is more applicable and catered for ppl who bought on 13 Oct, for these purchasers, 15 Oct is T+2 . To be honest it is just a formality. Olden days when it was not script less, these dates were critical because there was a need of physical delivery of script less , failing to deliver the scripts would mean not receiving the entitlements
@vincenteoh2p Another way to understand it. Assuming you bought 10k unit at rm1.00, your total cost is 10k
After bonus and warrant , you have 20k units mother share and 10k units warrant. So based on the new average price , your total cost is (20k × 0.40) + (10k x 0.20) = 8k + 2k = 10k. Your cost should remain the same after adjustment
Stockhunter: Yes i did sell all at 1.29 bought at 0.85. Today i buy back at 0.63. I do that yesterday because scared if director dispose all to us. Anyhow good for esceram not drop price after Bi.
Esceram is not in my long term portfolio. I only trade short term in esceram.
just a personal sharing here. those who were entitled for the bonus share issue and actually sold them off this morning has made the biggest mistake.
i experienced this just last night v this morning (9AM) with Opensys.
In summary: as an example if you had bought 10k units of Esceram yesterday at an avg of RM1.38, your system would show a massive loss this morning at opening because the price adjustment has taken place. However in actual fact you are not making a loss because on the ex-date you will receive your bonus shares and the total worth will equal to the amount as and when you originally bought the shares. (your profit and loss will of course be determined by on-going trading which is happening simultaneously).
In other words, for those who did not sell will see that their units on hand will double up on the ex-date which i believe will be by 5pm tomorrow 15th october or the next day at 9am. And supposedly if the share price tomorrow continues to go up, you will see the full gain (which is a lot) when your account receives the bonus shares.
i cannot say the same for those who have sold theirs before the ex-date because i didn't sell mine (opensys).
so generally speaking esceram had become a huge bargain stock this morning; because it's price has been adjusted down, holders of the stock benefit greatly and also allows for new investors to sweep it at a bargain price. for those who are still holding it and was entitled to the bonus issue, don't be shocked when a huge gain is reflected on your account.
as for exact calculation i'm unable to give an answer because after the price adjustment (my case of opensys) i actually bought more of it at the adjusted price.
anyone can correct me if im wrong but i did have first hand experience this morning.
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....
AdCool
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Posted by AdCool > 2020-10-14 16:17 | Report Abuse
ConfirmKaya, you can fire your remisier already. hahaha.