Latest Forum Topics / Neptune Orient L Rg | Post Reply |
NOL
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coolad
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29-Jun-2009 16:38
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Holding 17lots NOL, given 12.75lots Rights, how should i dispose them during the trading period 1) 12 lots at NOL R and 1 lot at NOL R750 2) 17 lots at NOL R750 3) 12.75 lots at NOL 750 Confused, 1st time dealing with Rights and partial lot Thanks |
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wahzaiguan
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29-Jun-2009 15:53
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Thanks wongmx6 | ||||
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Kassanne
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29-Jun-2009 14:45
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Thanks. | ||||
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wongmx6
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29-Jun-2009 14:42
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Yes, but it's a good pratice to check the number of lot of NOLR at your portfolio statement in CDP before during it. Bear in minds, you need to pay broker fee for selling your NOLR.
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wongmx6
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29-Jun-2009 14:37
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02jul09
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wahzaiguan
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29-Jun-2009 14:16
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I hold 4 lots of NOL, and I am given 3 lots of rights. Can I sell 2 lots of NOLR now, and buy 1 lot @ $1.30 to subscribe the rights? |
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Kassanne
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29-Jun-2009 11:57
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When do we have the sell the rights by? | ||||
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matthewsoh
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29-Jun-2009 09:53
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NOL price going south .. and worth of rights is seriously under threat. Market is agianst the movement. | ||||
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des_khor
Supreme |
29-Jun-2009 01:37
Yells: "Tell me who is the God or MFT from this forum??" |
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ka-ching
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27-Jun-2009 12:42
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Apparently, for SRS investments, the investor has to contact their respective banks for conversion of their rights issue. The banks will send out a letter to their clients informing them of this and the investors have a time frame by which they have to reply otherwise the issue offer will lapse. For the NOL issue it is 01 July 2009. Fund used has to be SRS as well. SRS accounts have to be topped up if insufficient. Hope this helps all those involved. | ||||
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Alligator
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26-Jun-2009 17:12
Yells: "learning from past " |
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I do not know why NOL document does not have any mention on SRS, it could means they miss out in document or SRS holder is not eligible or entitled!! Better call your SRS bank or CDP to find out.. Perhaps after that you would like to update here for knowledge purposes.
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ka-ching
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26-Jun-2009 16:40
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Thanks for the info Alligator. Will contact my bank ASAP. Would I be able to sell the rights accrued by my NOL shares in the open Market, I wonder? Not that I would, I think NOL is on its way up!!!
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Alligator
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26-Jun-2009 15:36
Yells: "learning from past " |
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There were no mention in NOL's document on SRS holder ( Supplementary Retirement Scheme). So first thing you must do is to call your SRS account operator ( one the the banks that has your SRS account) and ask for the procedure. I think it is the same as CPFOA procedure where agent bank must be informed to accept rights on your behalf. Below is copy from CCT rights , one portions related to SRS for reference reading ONLY. (B) Use of SRS Funds
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matthewsoh
Senior |
26-Jun-2009 15:19
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When selldown tactic as beinng monitored by me was a deliberate sale of 1 lots or 5 lots to bring down the price so these people can get the cheap sale without the rights.. haha... But I seriously dont think the underwritters ( many banks and temasek will do that?) however in a war , everyone will fight for their benefits ( including me , I am pro NOL) so I am just exploring dirty tricks seen by me. Massive selldown ? where are the volume ? |
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des_khor
Supreme |
26-Jun-2009 15:12
Yells: "Tell me who is the God or MFT from this forum??" |
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When new share listed and become diluted yet in the red so much.... potential selldown .... just my view not MFT... |
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matthewsoh
Senior |
26-Jun-2009 14:57
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The selling down is coming to an end ... haha .. people are buying NOLR and NOL in bulk .. some shortist who tried to sell down the price by 1 lot and 1 lot has their buttock burnt now. A lost of 330 K possible by them yesterday if price comes back to 1.55 haahaa |
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matthewsoh
Senior |
26-Jun-2009 14:27
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Teamasek and its alliance to NOL's rescue... bring up to the price to 1.6 Haha.. shortist in trouble ... The autobots is winning the game! |
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ka-ching
Member |
26-Jun-2009 14:07
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Could anyone help me regarding NOL Rights Issue. I bought NOL using SRS. Do I need to use SRS to pay for converting rights to shares? If so what is the procedure? Thanks in advance. | ||||
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iPunter
Supreme |
25-Jun-2009 17:36
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In a way, it's just like playing an option... |
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Alligator
Veteran |
25-Jun-2009 17:14
Yells: "learning from past " |
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You can use on-line trading account to buy or sell nil-paid rights that are into CASH account (CDP holding)
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