necro pandai nampknya? You miss an important point la necro, first of all must see overall market sentimental. How many counters drop today? 2nd Global market 3rd The particular industry 4th baru kaji sama ada corection atau downtrend mah.
I've taken profits on this stock as it is holding at around current level of RM5.80 already. Switching to KRETAM for the same concept play. EGM is on 8th Dec 2013, less than 2 weeks from now. good timing!
I'm no expert Grace. Your 1 share is split to 5 on the 29th. All split shares comes with warrants, 1 warrant for every 2 split. Lets look forward to 6.50, if I may be corrected.
TIONG NAM LOGISTICS HOLDINGS BERHAD (“TNLH” OR THE “COMPANY”) RENOUNCEABLE RIGHTS ISSUE OF 210,258,500 FIVE (5)-YEAR WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) ORDINARY SHARES OF RM0.20 EACH HELD IN TNLH AFTER THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN TNLH INTO FIVE (5) NEW ORDINARY SHARES OF RM0.20 EACH AT 5.00 P.M. ON 3 DECEMBER 2013 ("RIGHTS ISSUE OF WARRANTS")
It is right issue, need money to subsribe the warrant
tkteoh80, would you be able to elaborate on your last posting regarding the rights as there are a few dates mentioned and what will be the or the price decided for the purchase of warrants.
Hi everyone. What I found out, the rights issue for warrants has to be purchased at 0.20. Prospectus to holders of split shares will be out on 5/12, closing date to purchase the warrants will be on 18/12. Warrants will be listed for trading early Jan'14 (likely on 3/1/14). The higher the price today, will be better for the warrants, correct me if I'm wrong. Good luck to all.
RENOUNCEABLE RIGHTS ISSUE OF 210,258,500 FIVE (5)-YEAR WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) ORDINARY SHARES OF RM0.20 EACH HELD IN TNLH AFTER THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN TNLH INTO FIVE (5) NEW ORDINARY SHARES OF RM0.20 EACH AT 5.00 P.M. ON 3 DECEMBER 2013 ("RIGHTS ISSUE OF WARRANTS")
Moon, today's prospectus, share holders on ex date before split are entitled to buy the warrants at 0.20. Last day for them is 18.12.13 if not mistaken. Every 2 split share is entitled to 1 warrant at 0.20, to be listed for trading on 4.1.14
thanks SIva68, but according to my dealer, he said the WB/WR can be traded tomorrow already but he duno wat is the price.. and if by xx date not sold, we'll need to pay RM0.20 to convert to WA..
For those entitled stockholders who wish to dispose off WR, please dispose off at the higher end of the range bound of 11 sen to 16 sens on 4th Dec 2013. A priced weightewd of 16 sens is considered attractively priced at ceiling. Tx
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....
asamlaksa
675 posts
Posted by asamlaksa > 2013-11-18 19:16 | Report Abuse
Quarterly rpt on consolidated results for the financial period ended 30/9/2013:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1464761