Latest Forum Topics / LantroVision | Post Reply |
Lantrovision CR underpriced by Market Makers
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Bopanha
Master |
16-Oct-2012 16:09
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Yah yah yah, 23rd October is for Lantrovision. The 18 October 2012  9.00am AGM is for Contel. Sorry for the error, but thanks to Tomi for pointing out. See you there!
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Tomique
Master |
16-Oct-2012 16:07
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Lantrovision AGM is on 23rd October, 2012 9.30 am.   See you there Bop. | ||||
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Bopanha
Master |
16-Oct-2012 13:30
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Today's selling comes mainly from those who have applied and been allocated extra right shares.  Good profit for them, but as whole current prices might be lower than previous average book value/cost. This is taking into consideration the pre-consolidated prices that came down from above 5 cents years back..
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Bopanha
Master |
16-Oct-2012 10:22
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Deciding to keep your shares or dispose them only after the AGM will be a better idea because then you will know company's future prospects from the questions and answers at this coming AGM on 18th Oct 2012. 
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Bopanha
Master |
16-Oct-2012 10:19
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Don't sell your Lantro until after the AGM.  There might be something cooking sweet. Suspect only, got some free shares too.
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Bopanha
Master |
16-Oct-2012 08:44
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The adverse effect of a consolidation (reverse split) is always predictable, and the current downward bias for Lantrovision is no exception. Nonetheless, the cheaper price will meet with strong buying if the fundamental of a counter is good. |
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Bopanha
Master |
20-Sep-2012 08:54
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Price has dropped more than $2.00 after consolidation, from $2.30 to $0.30 that is what I meant if you don't monitor or plan well. | ||||
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Bopanha
Master |
10-Sep-2012 08:03
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Baberic is right, he is saying what I was saying earlier.  If anyone missed paying for the rights to get new shares, sure stands to lose heavy shoud one also did not sell the rights entitlements. It does happen to people in right issues, where they failed to pay for the new shares either through forgetfulness, timing, missing out and cash constrains or banking errors.  So if your friend is not monitoring the market regularly, he might want to sell off first.  Afterall, when he buys the new shares after x-rights, they would be cheaper, per share wise.  | ||||
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baberic
Senior |
09-Sep-2012 09:44
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Sell under the new symbol or Lantrovision if he does not want to subscribe to the right shares.   Otherwise, he can wait for   listing for the rights and sell the rights. Only risk is that the trading days for rights trading only for a short period and he might not be able to sell them at his price and then miss to sell Lantrovision before X-rights.   Then he will lose out unless he forced himself to subscribe for the new shares.
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x1uhu1
Member |
08-Sep-2012 20:16
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Dear All,   Thank you for the advise. It is my first time dealing with 'rights' issue. So for now, what should my friend do? subscribe the rights or quickly try to sell off the existing shares under 'Lantrovision'?  hope to minimise the damage as much as possible. Regards . |
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Tomique
Master |
06-Sep-2012 11:11
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I already sold all my shares and will buy the rights when they are listed. I scared that I forgot to subscribe or sell the rights,   then will lose heavy.   | ||||
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Bopanha
Master |
06-Sep-2012 10:48
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TC is right. There is a good possibility that the rights for Lantrovision would fetch a good price.      So don't forget to sell them if he does not want to subscribe to the right shares.  If he forgets to sell, and he doesn't want to subscribe, then it will be a heavy loss.
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Bopanha
Master |
06-Sep-2012 10:27
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Your friend should therefore subscribe to the rights using the money from the dividends.
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Bopanha
Master |
06-Sep-2012 10:24
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Rights are difficult to sell for a good price as in past experience, so have it out.  Of course if you could sell them it would be a bonus.  | ||||
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tradehuathuat
Veteran |
06-Sep-2012 10:18
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U can sell the RIGHTS share in the market..........the value be about the same.......are you new to rights share
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Bopanha
Master |
06-Sep-2012 10:06
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100,000 shares or 100 lots are now consolidated to 1,000 shares or 1 lot. At buy 3.4 cents your friend paid $3,400 excluding brokerage, clearing and GST. He is waiting for his $1000 dividends on 17.9.2012 and also 12,000 rights. Currently the cons share trades at app $2.30 so if he sell at this price he will get $2300 plus his incoming dividends of $1000 making it $3300 for a loss of $100 plus transc fees. If he keeps the share and subscribe to the rights, he pays out $1080 (after collecting his dividends) for the rights and his holding will be 13,000 shares (13 lots). Should he not subscribe to the rights he would lose plenty because after the exercise, his one lot (1000 shares) will be worth less than $300 since XR price will be around 28 cents or less per share basing on how MM has fixed the new share price.  In practice he will lose about $2000 for the investment in this previous penny stock.
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x1uhu1
Member |
06-Sep-2012 09:42
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I have a friend with 100,000 shares previously at $0.034 per share. Now with the consolidation going on and pending dividend, what will be the best advise to move on for the next few days? What price should we exit or should we hold on.   Can we not subscribe to their rights?   Any senior to help with this issue. |
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Bopanha
Master |
06-Sep-2012 09:26
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Lantrovision might be underpriced XD of $2.30  by market makers and therefore theoretically a good bargain.  The share is cum rights to subscribe for 12 rights.  However, because it is necessary to follow the market makers, we have no choice but to either buy or sell at their prices, right?  Any comments? |
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