Guys, need advice here. This is my first time encounter right issue case. What should I do or anything I need to do for now? They will mail us the detail/form on what to do next? Thanks.
heeheelim bro, if you plan to hold long term, make sure that you subscribe to the rights. post rights, it will be diluted, and you will lose out if you don't subscribe. some may have a strategy to sell off some now (if your average price is lower than current market price) so that you have the cash to subscribe to the rights. well if you have the cash, just subscribe je lah...
Thanks zoomboom bro. I checked with my broker bank and they replied: [You will receive the relevant documents from the company registrar pertaining all the corporate actions (e.g: rights issue, take over-offer, etc). You are require to purchase bank draft and stamp hasil, then return the duly completed form to the registrar personally.]
tewnama bro, nanti itu bonus akan quadruple.. kali 4... lol...
from my observations from publicly available news and data:
1. local telco players heating up on 4G. = build more base stations = more jobs for local players such as OCK. expecting a good Quarter report for Q3 and Q4 2015:
P.S > don't forget to subscribe to the rights (if you plan to hold long term) or sell them during trading of rights [24NOV - 1 DEC) (if you plan to reduce your shareholdings and keep some cash handy). make sure you do either one or combination of both because not doing both will end up rugi... (hope i got this message right, do correct me if i am wrong)
Today is ex-date for OCK. Rights issue will be listed on 24/11/2015 under OCK-OR. May sell or subscribe at 50 sen. Comes with 1 warrant for 1 rights subscribed.
To share further, OCK-OR will be traded between 24nov to 1Dec. those who buy the OR shares during that time will have to pay the trading price plus the 50sen in order to subscribe and convert to mother share. E.g say on 24nov listing the OR goes for 10sen and buyer manage to buy at 10 sen. Total cost will be 60sen.
Compared to those who held the shares as of yesterday (before ex date), their OR entitlement will just be costing the 50sen to convert to mother share (+some rm11 brokerage fee) . Don't forget the free warrants for each right shares.
Lol I hope I did not confuse readers more. Best to check with your broker/remisier to understand it clearly before buy sell.
Only the attach free warrants can make the OR offer looks tempting... BUT from the way the ex-right price of mother share is being shot down, things do not look rosy.. I wonder if this is purposely done to discourage the right subscription by small investors... So that the BIG guys can have better opportunity to collect the shares EASILY from exercising the OR and later the warrants attached with it. The small investor cum the possible panic sellers of the OR will miss the opportunity to the BIG GAIN from their holdings after losing confidence with this GEM!!!!!! when observing the current drop in price of the parent shares. For me.. I will not let the OR given to me to be owned by others.. Will try my best to find source of fund to exercise them myself.... Something is not right here.. A company with good performance... But the mother price is being shot low after announcing the opportunity for its shareholders to increase their holding of the shares..... It is a game of patience I think.. I am not gonna let the BIG guys owning my tiny holdings of the shares without a fight.. AND I hope I am right this time.... LETS THE GAME BEGINS and BEST OF LUCK TO ME AND THOSE CHICKEN FEED INVESTOR LIKE ME WHO WILL BE JOINING ME...???!!!!????!!!???!!!!
masinya bro, good observations. Thx for sharing. don't worry, I will be here. Long term. Years. :-). Let's see how the show unfolds.
If you notice, the volume today didn't even hit a million shares. You may be right. Perhaps the big boys are trying to get their way. No problem. As for Zoom, I have the funds and will subscribe to my allocations. Will keep this gem. Fingers crossed, will reap great returns one day in the future.
Shacks cakap macam UncleZ je?lol. I remember one line from UncleZ responding to a question... Exact same response. Lol. Good to see u posting bro. U kept your promise to drop by. Hehe. Thx.
Good start for OR trading today. I read it as a lot of demand as the OR comes with warrant. No wonder last week after ex date was lacklustre on mother share. Rupa rupa nya all standby ready to load OR.
Buzidao bro still not too late. Make sure u either subscribe or sell or combination of both of your entitlement OR within this week. Check with your broker on the details.
Invest2 bro today not start exercise. Today start trading rights shares. Exercise price is for the warrants ....
The battle has begun... don't let the big investor get hold of your tiny shareholding easily.. I might even join the battle to increase my holdings based on the remaining fund I have to finally exercise my rights.... Best of luck to all the chicken feed investors..!!!! LIKE ME...
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....
zenafuk
2 posts
Posted by zenafuk > 2015-11-02 12:16 | Report Abuse
Long time...no updates on ock maa??