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Lantrovision share price after rights issue
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ruready
Master |
25-Sep-2013 14:20
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Next one to break 0.035cts soon | ||||
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ruready
Master |
25-Sep-2013 12:23
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Coming | ||||
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ruready
Master |
25-Sep-2013 12:21
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This baby is coming | ||||
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trueview
Senior |
10-Jan-2013 00:21
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today buy 50 lots lantrovision.... | ||||
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Bopanha
Master |
18-Oct-2012 14:52
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Just giving a bit of assistance. Now, you know that Lantrovision is underpriced at current price. The reason I can attribute is that many people who got extra from application will want to take some quick profit. They got at $90 per lot and can sell for $240 per lot making quite some coffee money. Once the slightly over 10,000 lots are sold (abt 10 million shares not taken up are given to excess applicants), the share price will rise above 30 cents if we were to use the fair price methods. So for those losing out, because you missed to apply, I think there is still hope to make a little bit back if you do some averaging. CE: Buy,sell at your own risk.
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golfgila
Member |
17-Oct-2012 22:24
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Bopa ,thankyou very much for the clear explanation. | ||||
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Bopanha
Master |
17-Oct-2012 19:14
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There was a restructure, and the old Lantrovision shares was consolidated (reverse-splited) into new Lantrovision shares at a ratio of 100:1 new shares. Your 300,000 old shares became 3,000 new shares and you were given 36,000 provisional rights so that you could use to apply for 36,000 new shares at a price of 9 cents per share, or sell off the rights on or before 4/10/2012. The company also paid you earlier $3,000 as dividends (1 ct per old share, $1000 for 100,000 old shares ) that you would have received by post or into your bank account. If you did not received the money, or lost the cheque, you could claim it from CDP by approaching them. The last date for application was on 8th October 2012 when you have to pay through ATM or cashier order for the new shares. You could even apply for extra new shares between 5th to 8 October 2012 (latest 5pm for cashier order and 9pm for ATM) The exercise has passed by and your lost is irreversible, (now your holding is work less than $750). Just take it easy. Losing money is not the end of the world. Treat it as a lesson. May you prosper through other counters. Cheers.
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golfgila
Member |
17-Oct-2012 16:54
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The R shares were alotted to my SGX account. I did not purchase anything as I was away from S'pore for a mth. Thus my original 300,000 Lantrovision shares were withdrawn and deposited with 3,000 consolidated shares and 36,000 Lantrovision R, provisional RTS. Plse advise what this means, thanks. |
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Bopanha
Master |
17-Oct-2012 15:32
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If you missed the application dateline 8/10/2012, the provisional rights expired, and hard luck for those who missed the application. If you have applied for the rights shares, via ATM or banker's draft, you should have received the new shares in your CDP account. I hope you didn't missed the date.
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Bopanha
Master |
17-Oct-2012 15:25
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Right shares (new right shares applied for) are already traded on 16/10/2012. They are same as Lantrovision shares, as the " R" shares are now the ordinary shares.
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golfgila
Member |
17-Oct-2012 14:36
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Can anyone advise when the Lantrovision R, provisional rights issue shares can be traded or sold. There is no listing of this in SGX. | ||||
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Tomique
Master |
26-Sep-2012 15:05
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Agreed with Bop. I bought Otto Marines rights at 8 cents, and after donkey ears' time, the shares is still trading around there despite many good news about the counter, such as new orders, new business and better outlook. Whenever a company issues rights, it is important to note the price of the rights because in the future the BBs would want you to give them the same price if you want to sell. That is unless the counter is extra ordinary. For small companies they won't give you premiums. My observation too. | ||||
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Bopanha
Master |
26-Sep-2012 14:26
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This counter lacks play, so if you wish to recover losses, maybe got to wait quite a while after the exercise. Usually market makers (those big and powerful) would only trade around right prices after the exercise, say 9 cents per share, so this is a danger. Don't scold me, I have seen many counters likewise. One example is Ottomarine trading at rights price after nearly a year already. What about Rowsley, same same. Then Abterra, worse after consolidation is 10% value of its original. So I can't advise you what to do, just opinion only. |
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Anilrej
Member |
26-Sep-2012 11:26
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Thanks alot. I know the nil paid is not capital gain.. I dont know what is the word for it. Either case i lose $ so i decided to sell my nil paid rights away first. However, still keeping my mothe share.. do you think is a good idea? my broker advice is to cut all.. | ||||
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Bopanha
Master |
25-Sep-2012 09:50
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In other words, you must choose one of the options open to you, i.e. sell off the 12,000 nil-paid rights for $2,064 (12x172) and keep that consolidated 1000shares (quoted at $0.28 per share) that is in your account (Not 100,000 shares) with hope that it goes to above $3.00 in future, OR you put aside cash of $1,080 (12,000 X $0.09) to apply for the right shares when it opens for application on 4th October. Lantrovision R is for 1,000 units (or board lot), while Lantrovision 10 R is for either for 1 unit, or 10 units (Not sure because we don't have a full-fledged knowledge resource access in Singapore, unlike other exchanges where info could be obtained at a snap of fingers....., lamentable thing in a high-tech advanced society). So on this you need to ask your broker because I don't have any unit shares. You scared the guts out of me when you thought the nil-rights given to you is your capital gains. Better you don't anyhow play the market. Cheers.
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Bopanha
Master |
24-Sep-2012 20:21
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12,000 units is correct. But, no it is not capital gains, just the market worth. Your 100,000 shares is now 1,000 shares and it is quoted at 30 cents today. Add this to the nil paid price your holding worth is only 2,064 + 300. You have either to apply for 12,000 new shares or sell the nil paid off. Failing to do either of these will cost you to lose heavy. Better ask your broker to explain to you on what to do next.
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Anilrej
Member |
24-Sep-2012 17:47
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Thanks both.. i dont have an online cdp so cant check number of rights i have. Assuming I used to hold 100,000 of Lantro post consolidation, after copnsolidation becomes now 1000 units. 12 rights per share means i have 12,000 rights correct? I can then go trade online under LantroVision R for 12,000 at closing price of 0.172. (ie, capital gain of 2,064) I dont really understand the difference between Lantro R & Lantro R10. Is my computation correct? Apologies for having so many queries. |
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Bopanha
Master |
24-Sep-2012 16:50
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The trading of the nil-paid rights starts today and last trading day is 2nd October 2012 and if you are using online platform you could go to the alphabetical listings under " L" to find quotes for Lantovision R for 1000 nil-paid rights and Lantrovision R10 for the unit nil-paid rights. You can check your CDP account if you have online account, and verify the number of nil-paid rights you are entitled to based on the number of cum-rights consolidation shares in your account. |
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rutheone1905
Veteran |
24-Sep-2012 15:15
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i suppose SGX alrdy send u info on how many rights u got? then later the rights can be traded in the exchange like normal shares, however u have to take note tat if ur rights is too few the cost of selling this right may not be enough to cover the admin,
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Anilrej
Member |
24-Sep-2012 15:11
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i thought i need to sell the rights to knock off / minimize the loss? Any advice on how to sell off the rights? Is it through my broker? and where can i see the price? Thanks alot |
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