But those who cannot come up with 2.55 will need to throw it away by today.. Else in theory it will be zero value for those who cannot come up with the cash to subscribe Eg 100,000 rights x 2.55 , u need rm255k to subscribe 100 lots!
I will play u something which sound like a michael jackson song: Its dangerous...its dangerous... Warning..warning..its dangerous.. Dont gamble with your money... Its black or white...like casino...ur money can be gone... Dont try and dont touch this !
hahahaha, if people cannot come out in RM 2.55...then, why still have buyer at 2.71 ler.....its just have different group of buyer....but all in actual, to be eventual target same stock share...bstead holding...therefore, offering arbitrary opptunity.....
$2.55 is for 1 unit..to subcribe 100000k =255k 1000000k =2.55million
The buyers are also sellers.. As time runs out, it most likely will approach infinity or close to zero... As many may not want to subscribe.. So my advice is :dont touch this... For those still wanna get burn..are always welcome to throw money away..
At average holding cost now down to about 8.9 sen....-OR still have positive arbitrary gap, have its intrinsic value, of course, i will opt for oversubscribe at '0' right cost to further lowering -OR, convert all at RM 2.55.....should still making reasonable profit.
Boustead holding is consider high dividend yield stock....convert to boustead at RM 2.55 have limited downside risk.
Certainly Hng33 is not looking for div yield if u knew his trading patterns (he is happy to sell for 1-2 cents gain). I think it's funny for him to subscribe for the rights at Rm2.55 just because he doesnt want to cut loss on OR (due to pride or ego??)
I wouldnt surprise at all if he later sell his mother share for few cents gain (if any). Funny, to put in so much capital for little gain (in terms of percentage).lol
Boustead current quarter loss can be consider one off event due to cost overrun for its heavy engineering to build navy vessel....the capital call will meet boustead finanaical need and re energize it to move forward.
As shown clearly, despite boustead capital call, it still opt for dividend payment....in which its major shareholder lembaga tentera is sovereign fund to take good care of country arm force affair and their retirement benefit......therefore, boustead will continue retain as high dividend yield stock
Just call the share registrar. They will check for you whether it was sent, and to what address it was sent to. If it was lost, then they'll give you a new form to fill.
Hi, I hope someone could help here. Say I have 1000 shares of Bstead in my account, and they are giving me 400-OR as can be seen in my CDS account. I did not sell the OR, but subscribe through the form for 400 additional shares @2.55 and paid RM1020. Now, rightfully I will have 1400 (1000 original+400 subscribed) shares after 8/Jun. Based on 1400 shares, I will get bonuses of 560 shares on top of the 1400 which makes 1960 shares in total. Am I correct in my calculation? Thanks.
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....
taitaumau
276 posts
Posted by taitaumau > 2016-05-30 12:05 | Report Abuse
take note: new share converted from OR will not get 5 cents dividend
ex: 8 June