When the moon goes off, you will see the sun continue shining again! Fitters is going to be the shining one soon. Fasten your seat belt, sit back and relax!
Adding in the warrant that u getting including mother share after adjusted actually not much changer on current buy price. But company future prospect is good. Long term wise should be more problem.
With the private placement thrown in the mix......at RM1.23. Will the share move upward towards RM1.23 after the adjusted price? Let's say price before bonus and warrant ex-date is RM1.40, so the opening price post ex date is around (1.5 x 5)/7 =RM1.00. with the private placement fixed at RM1.23, won't the price eventually move up ?
Look, private placements are to draw cash from qualified company/inst investors. If they are offered 1.23, it comes with bonus and free warrants as well. Whether or not price moves up or down after bonus ex-date will depend on market forces - and the pp holder's shares will be subject to the same. By getting pp, Fitters gets quick money (faster than rights). In same instance, it also hopes PP will hold the share for longer time. Now, if PP decides to throw the share into open market, I think it is also possible - and when this happens, depending on volume, the market forces will again adjust lower to meet the value of each share. Correct me if I am wrong.
just something to clarify, first time entitle to bonus issue. Does that mean that on Oct 9 [ex-date], my account is already deposited with the additional share which mean we can sell it on that day as well?
any conditions on pp shares on selling.if not share price may dive look like pp approved very critical.any experts on placement going wrong in recent time.ie pp selling to profit small.
For example, if Mr X purchases 500 FITTERS shares on cum basis on 8 October 2014, Mr X should receive 500 shares on 13 October 2014014. As a result of the Bonus issue, a total of 700 FITTERS shares will be credited into Mr X's CDS account on the night of 13 October 2014 being the Book Closing Date. Therefore, Mr X can sell the Bonus issue shares of 700 on or after the Ex-Date ie from 9 October 2014 onwards.
1) Bonus issue of up to 137,217,604 new ordinary shares of RM0.50 each in FITTERS Diversified Berhad ("FITTERS") ("FITTERS Shares"), on the basis of two (2) new FITTERS Shares for every five (5) existing FITTERS Shares held by the shareholders of FITTERS ("Bonus Shares") and
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....
lymc_88
92 posts
Posted by lymc_88 > 2014-09-25 17:06 | Report Abuse
Wakakaka, new to this forum, what's the joke about here?