| Latest Forum Topics / Rotary Engg |
 Post Reply
|
|
Worth taking a look
|
|
|
rickytan
Veteran |
30-Dec-2006 15:29
|
|
x 0
x 0 Alert Admin |
Yes, I have received the letter/application form from my agent bank, UOB. Deadline to subscribe for the rights is 8 Jan 07. Hi shplayer, when we apply for excess rights, do you know how do they allocate ? Thank you. |
| Useful To Me Not Useful To Me | |
|
shplayer
Elite |
30-Dec-2006 01:50
|
|
x 0
x 0 Alert Admin |
All members, vested in Rotary with cash, should have received the application for rights and excess shares in the mail. Closing date is 12 Jan07 Those vested with CPF may need to wait a few more days...your CPF bank will mail offer to you. In this case, the closing date will be earleir as the banks need a few days to compile the applications. |
| Useful To Me Not Useful To Me | |
|
|
|
|
shplayer
Elite |
27-Dec-2006 21:47
|
|
x 0
x 0 Alert Admin |
LookSeeOnly, Yes, you can buy odd lots of ord shares from the market...depending on availability. but, for odd lot trades, you need to go thru your broker...which will make your trading cost higher. ksjlmp, Yes, sale of 2lots rights at 52cts will give you proceeds of $1040 less comm and tax. Yes, you will be entitled to div of $400 less tax.....net $320. rickytan, Rights can be traded in lots of 1000 shares and 400 shares up to 8 Jan 2007. |
| Useful To Me Not Useful To Me | |
|
LookSeeOnly
Member |
27-Dec-2006 16:15
|
|
x 0
x 0 Alert Admin |
To make up a complete lot, we can also buy odd lots of the ordinary shares from the market right? But which would be preferrable, buy odd lot of shares or rights? |
| Useful To Me Not Useful To Me | |
|
ksjlmp
Member |
27-Dec-2006 15:23
|
|
x 0
x 0 Alert Admin |
Shplayer: eg if we have 2 lots of right issue share and we sold at 0.52, does it means that we will make a profit of S$1040 and also we will receive $400 dividends? Thanks. |
| Useful To Me Not Useful To Me | |
|
|
|
|
rickytan
Veteran |
27-Dec-2006 15:10
|
|
x 0
x 0 Alert Admin |
Hi shplayer, does it mean that rights must also be bought in whole lot basis of 1,000 shares ? |
| Useful To Me Not Useful To Me | |
|
shplayer
Elite |
27-Dec-2006 14:46
|
|
x 0
x 0 Alert Admin |
zujzuj, Buyer of the rights @ 51.5 cts will have to pay another 20cts to conver to mother share. So, your total cost is 71.5cts. Seller of rights will get div of 20cts less tax. Hope its clear. |
| Useful To Me Not Useful To Me | |
|
zujzuj
Senior |
27-Dec-2006 12:48
|
|
x 0
x 0 Alert Admin |
Hi, Can someone explain how the rights work ? it's gg @ 0.515 now...if we buy it now, can we convert them to mother share ? |
| Useful To Me Not Useful To Me | |
|
|
|
|
cashiertan
Elite |
27-Dec-2006 02:44
|
|
x 0
x 0 Alert Admin |
interested to see if it is sell on news or buy on news for this counter |
| Useful To Me Not Useful To Me | |
|
shplayer
Elite |
27-Dec-2006 00:54
|
|
x 0
x 0 Alert Admin |
Rotary just announced securing a S$126 mil contract from EPC Thailand. There should be more such announcements to come. |
| Useful To Me Not Useful To Me | |
|
semipro
Member |
25-Dec-2006 13:46
|
|
x 0
x 0 Alert Admin |
Hi DanielXX Thanks and Merry X'mas! |
| Useful To Me Not Useful To Me | |
|
DanielXX
Member |
24-Dec-2006 14:00
|
|
x 0
x 0 Alert Admin |
Yes, it's probably the best way to calculate it because no money goes in or out because dividends are all used to convert rights, making it equivalent to a bonus issue. |
| Useful To Me Not Useful To Me | |
|
|
|
|
semipro
Member |
24-Dec-2006 10:54
|
|
x 0
x 0 Alert Admin |
Hello, Can i just confirm that at at a hypo price of say $0.80, the cost per share xd = 0.8*5/7 = $0.571? Thanks! |
| Useful To Me Not Useful To Me | |
|
domlim88
Member |
24-Dec-2006 10:46
|
|
x 0
x 0 Alert Admin |
Hi TA gurus, are you expecting this stock to further increase? what do the charts say? what is the support? |
| Useful To Me Not Useful To Me | |
|
Livermore
Master |
23-Dec-2006 17:04
|
|
x 0
x 0 Alert Admin |
Cheers! My sister did mention to me about 20c per share for the rights to the shares |
| Useful To Me Not Useful To Me | |
|
ten4one
Master |
23-Dec-2006 16:58
|
|
x 0
x 0 Alert Admin |
To add to shplayer's comment : The Rights is @ 20c/sh and you could also apply for extra Rights. Allocation will depend on availabilty and at the discreation of the Management. Your nett dividend will be 8c (20% tax at source) = $800 just offset your 4000 Rights.Cheers! |
| Useful To Me Not Useful To Me | |
|
shplayer
Elite |
23-Dec-2006 00:13
|
|
x 0
x 0 Alert Admin |
Livermore, No problem. You are welcome. |
| Useful To Me Not Useful To Me | |
|
Livermore
Master |
23-Dec-2006 00:00
|
|
x 0
x 0 Alert Admin |
Hi Shplayer, Hey thanks a lot! |
| Useful To Me Not Useful To Me | |
|
shplayer
Elite |
22-Dec-2006 18:46
|
|
x 0
x 0 Alert Admin |
Livermore, Soon you will receive a letter in the mail from Rotary Company Secretatiat (if you bought it with cash) or from your CPF bank (if you used CPF) to ask you if you like to:
OR 2. use this divident to pay for your 'Rights' issue at 400 'rights' share for every lot you own. You do not need ay cash outlay. If you opt for (1), you will then get your divident paid on 31 Jan 2007. If you opt for (2), then on 31 Jan 2007, your 10 lots will become 14lots. If you want to sell your shares prior to 31 Jan 2007, you can only sell 10 lots. After 31 Jan, you will have another 4 lots at your disposal. Hope this clarifies it for you. |
| Useful To Me Not Useful To Me | |
|
iPunter
Supreme |
22-Dec-2006 17:12
|
|
x 0
x 0 Alert Admin |
It can stand for anything... lol ... ...from analysts' 'well-researched' reports to accountants' nice figures... |
| Useful To Me Not Useful To Me | |