Less than 2 billion cash supporting 8.3 billion borrowings on the balance sheet. I think OR subscribers were gambling on short-term profits, because it seemed like 'sure $' when the price was 2.80+.
Now they are forced to be long-term investors... Kekeke
@hng33 if I read it correctly from the prospectus , the bonus shall be credited on the basis of 2 Bonus for every 5 BHB shares held after the completion of the RI, meaning it is already Ex Bonus.
You better go back and re-read again....2 for every 5 bonus AFTER the completion of right issue.....meaning.....Boustead proposal involve 2 steps, first right share, then bonus share...all subscriber sight share and exiting shareholder, all entitle to upcoming bonus share
Hope u r right, buy now at cum Bonus. Fair to those individual who wants to buy now, pls check with the Registrar, otherwise can be one big mistake. My reading -The Bonus Issue is conditional upon the completion of the RI
The Proposed Bonus Issue entails the issuance of Bonus Shares to be credited as fully paid-up, on the basis of 2 Bonus Share for every 5 BHB Shares held by the shareholders of BHB after the completion of the Proposed Rights Issue on an entitlement date to be announced later.
The Proposed Bonus Issue entails the issuance of Bonus Shares to be credited as fully paid-up, on the basis of 2 Bonus Share for every 5 BHB Shares held by the shareholders of BHB after the completion of the Proposed Rights Issue on an entitlement date to be announced later.
Someone from the Registrar has confirmed that you will not be entitled if you buy today as it takes 3 working days to register your new/additional shareholding.
Those who buy the company shares now will be eligible for the bonus issue, as long as you still hold the shares as of the entitlement date which will be announced later. Now just wait for company to announce the BI entitlement date.
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....
NavinShah
301 posts
Posted by NavinShah > 2016-06-11 07:24 | Report Abuse
Are the rights entitle to the dividend
of RM0.05 sens per share??????