hi richman I do hold a lot of sanichi,can I know for this time MULTIPLE PROPOSALS whch include Share consolidate and Par value reduction , is it I need to call my remiser for adjusted my share units of sanichi ? Because my remiser seem ignore my sms and I cannot contact her , she seem resign already. So what I need to do ? richman thanks for helping me ?
angielim9955, i'm just ikan bilis, i dunno so technical about share consolidate and par value reduction, if your can't contact your remiser, i think u can call to your particular investment bank or institution for further information...up up up..sanichi... :-D :-D :-D
Hi Angie. You don't have to do anything. When they consolidate your cds account will show that you will only have 1/4 shares I.e. If you have 4000 shares or warrant you will only have 1000 after consolidation.
This consolidation exercise is diffinently bad for the minority shareholders. We all lose out badly and unless this exercise is called off I don't see the price staying above 0.16 after the consolidation exercise, i.e. Current 0.04.
angie what I don't like is they have reduced warrants from 4 to 1 but have increased the ex price to 40cts.they should have retained the ex price as 10 cts. Bloody crooks
Experience from xox and tms, the share price goes up a bit after consolidation before dropping. Let say the share price is 5c at the last day, consolidation should be 20c but your shares will be reduce by 4 times. So the first day should it be more than 20c before dropping below 20c a week later...
For example, if Mr X owns or purchases 1000 SANICHI-WC on cum basis on 16 May 2016, his CDS account would still show 1000 SANICHI-WC until 19 May 2016. However, as a result of the above warrants adjustment, Mr X’s 1000 SANICHI-WC in his CDS account will be adjusted to 250 SANICHI-WC on the night of 19 May 2016 which is the Book Closing Date. Therefore Mr X may, if he so wishes, sells only up to 250 SANICHI-WC on or after the Ex-date i.e. from 17 May 2016 onwards.
Time to sell SANICHI. Next week shares will consolidate 4 into 1. Your share will be reduced by 4 times at 18c (based on price today). After that share price will move downward back to 6c-8c. Sell it now.
Sanichi.....if not mistaken..this is 2nd share consolidation......1st in year 2012..consolidated from 5 to 1 share...Regret invest money with this company...what happen to mara tax payer money ..same to mara follower..especially malay most of them loose money... Pikir2 lah what Mr phang doing to our money...
from record, in yr2012, after consolidate, price jump from 0.05 to 0.345 at highest. after kena UMA it has gradually drop back to 0.05. Will this happen again?
remember tomorrow you have only a 1/4 of the number of lots you have today.means you buy 100 lots becomes 25 lots,those trading online beware because you are allowed to sell tomorrow your 25 but your system will still show 100,do not oversell and die hard.your actual number will only be shown from the 19th of MAY
yang untung client semalam ler,beli 500 lot,5 sen,aku ingat aper,upanya pagi ni dah jadi 20 sen,amik kou,dia jual tadi 20 sen,untung 19.5 dapat 77 ribu..cam tu je.
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....
maselankacak
168 posts
Posted by maselankacak > 2016-05-05 08:38 | Report Abuse
stock consolidation 4:1