Distribution of share dividend on the basis of three (3) treasury shares for every fifty (50) ordinary shares of RM1.00 each held in the Company, fractions of treasury shares to be disregarded.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ] as from : [ 9 April 2014 ]
It shouldn't dilute the price as the shares dividend is from treasury shares and not from issuing new shares. And it is not parked under specific price but purely on the number of shares held by ex date.
1 lot = 1000 unit shares. You will be entitled to 1000/50 x 3 = 60 units shares. However in Bursa, the min unit shares that you can trade is 100 units block. Hence, your 60 units shares wouldn't allow you to sell it. If you have 1700 units, then it would be be 102 units dividends. This would allow you to sell the 100 units dividend and left with 2 units which you can't do anything with it.
ycchuah, you will sure get the dividends as the min units anyone can own is 100 units. That would give you 6 units but that wouldn't let you sell it. So it's worthless after all. You own it but you can't sell it .It's odd volume.
Hi, all the "sifu", correct me if I'm wrong. I think you could still sell on those the odd volume (<100 shares). But can't go online transaction. Must thru phone or help by broker remisier. Again for sure the brokerage fee is the key factor to consider, for sure might not worth for numbers....
Hmm. I did not use the service of phone service and only trade online, so I am unsure if you can sell those odd volume. But thinkndo made a good point there regarding the brokerage fee.
Parkson-CK - With the share dividend, according to the formula ,the exercise price will be recalculated from RM3.50 to RM 3.30 per share and the ratio will be reduced from 3 to 2.8 to 1 share. The current share price of RM 3.0 is within the strike price of RM 3.30 and the warrant is currently trading at low price of 2 cent. Buy the warrant would be better than the monther share of RM 3.00 with low downside risk of investment of 2 cent. However, the warrant will be expiring in sept 2014. BUY ON YOUR OWN RISK.
Parkson ck currently 2 cent . Exercise price adjusted to RM 3.30. with share dividend. Parkson ck price will move up if the parkson share increase to more than 3.30. Within striking range now with low investment.
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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....
hng33
20,496 posts
Posted by hng33 > 2014-03-28 10:30 | Report Abuse
3 for 50 share dividend equivalent to cash dividend about RM 17sen or m6.1% net yield.