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Latest Forum Topics / $ SingHaiyi R  Post Reply
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explosive2013
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17-Jul-2013 21:25     
 
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 Alert Admin 		Only can pay via uob and ocbc bank's atm. I hv received mine yesterday.
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newbieliu
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17-Jul-2013 21:20     
 
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Hi ppl,

  Any idea if I can pay via POSB ATM as I could not find the Singhaiyi right shares payment option in the POSB atm machine. It seems that they also did not post any letter to me although i am holding the SINGHAIYI shares. So irritating!

  Any shifu to share on the payment options?

 
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veliscorin
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17-Jul-2013 20:04     
 
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Yup I guess it will be unfair to them. But for the company, they did send out the letters to inform their shareholders who have these R shares. So, yeah got their backsides covered, they are not in the wrong if these guys lose their R shares.

I don't think there will be a definite price after this whole rights exercise ends. Take Oceanus for example,   their R shares became worthless, mother shares dropped to 0.029, which is the same price as the rights price. Yet after a couple weeks it is now at 0.032. Really depends on what the management is going to (or rather how) do with the money.

james81      ( Date: 17-Jul-2013 19:29) Posted:



so for those who don't do anything. end of the day they will just lose quite a sum as they don't earn that 0.004 x number of lots + the price is already drop to 0.021 . isn t it unfair then?

  will the price of 0.021 be adjust once the whole thing end? 

veliscorin      ( Date: 17-Jul-2013 19:20) Posted:



1. Yes, if you want you can buy them at 0.015 x 7 lots, go to the respective ATM machine to pay. If not, you can sell it off at market rate. Your CDP should reflect the number of R shares which is equal to the number of Singhaiyi shares you held on XR date.

  2. Excess shares meaning you can " try" to get some at 0.015 but this is subjected to availability. There will be people who forgot or don't know that they have R shares. Aka if you do not do anything to the R shares (don't convert, don't sell), at the end of the day these R shares will just disappear. In the case of Haiyi, thats like losing 0.004 x 7000. Since there are people who don't subscribe to the R, then there are " excess" floating around so the company will allocate accordingly. 

3. This price is what the market feels should be the price. Share prices are always an indication of market sentiment. But it is something like 0.015 (the new shares) + 0.005 (the price of the R shares) = 0.020 (mother shares SingHaiyi). Correct me if i'm wrong, Haiyi and Haiyi R should go hand in hand. If mother shares go up to 0.025 for example, chances are R shares will be priced roughly at 0.01
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james81
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17-Jul-2013 19:29     
 
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so for those who don't do anything. end of the day they will just lose quite a sum as they don't earn that 0.004 x number of lots + the price is already drop to 0.021 . isn t it unfair then?

  will the price of 0.021 be adjust once the whole thing end? 

veliscorin      ( Date: 17-Jul-2013 19:20) Posted:



1. Yes, if you want you can buy them at 0.015 x 7 lots, go to the respective ATM machine to pay. If not, you can sell it off at market rate. Your CDP should reflect the number of R shares which is equal to the number of Singhaiyi shares you held on XR date.

  2. Excess shares meaning you can " try" to get some at 0.015 but this is subjected to availability. There will be people who forgot or don't know that they have R shares. Aka if you do not do anything to the R shares (don't convert, don't sell), at the end of the day these R shares will just disappear. In the case of Haiyi, thats like losing 0.004 x 7000. Since there are people who don't subscribe to the R, then there are " excess" floating around so the company will allocate accordingly. 

3. This price is what the market feels should be the price. Share prices are always an indication of market sentiment. But it is something like 0.015 (the new shares) + 0.005 (the price of the R shares) = 0.020 (mother shares SingHaiyi). Correct me if i'm wrong, Haiyi and Haiyi R should go hand in hand. If mother shares go up to 0.025 for example, chances are R shares will be priced roughly at 0.01.

james81      ( Date: 17-Jul-2013 19:03) Posted:



sorry am quite a newbie with this and still not fully understand the share issue and excess shared rights

1. I  am currently holding 7 lots so does that mean that i am given the option whether i want to buy the 7 lots at 0.015.

if i don't want to buy, i can sell 7lots of the singhaiyi R and earn that 0.004 x 7000. ? 

2. apart from the share issue, the form mention about applying for excess shares ,what does that mean?

does it mean that i can apply to buy another additional of   7 lots at 0.015? 

3. the price of singhaiyi drop to 0.021 since 1 Jul. this is the price after the stock split? 


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veliscorin
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17-Jul-2013 19:20     
 
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1. Yes, if you want you can buy them at 0.015 x 7 lots, go to the respective ATM machine to pay. If not, you can sell it off at market rate. Your CDP should reflect the number of R shares which is equal to the number of Singhaiyi shares you held on XR date.

  2. Excess shares meaning you can " try" to get some at 0.015 but this is subjected to availability. There will be people who forgot or don't know that they have R shares. Aka if you do not do anything to the R shares (don't convert, don't sell), at the end of the day these R shares will just disappear. In the case of Haiyi, thats like losing 0.004 x 7000. Since there are people who don't subscribe to the R, then there are " excess" floating around so the company will allocate accordingly. 

3. This price is what the market feels should be the price. Share prices are always an indication of market sentiment. But it is something like 0.015 (the new shares) + 0.005 (the price of the R shares) = 0.020 (mother shares SingHaiyi). Correct me if i'm wrong, Haiyi and Haiyi R should go hand in hand. If mother shares go up to 0.025 for example, chances are R shares will be priced roughly at 0.01.

james81      ( Date: 17-Jul-2013 19:03) Posted:



sorry am quite a newbie with this and still not fully understand the share issue and excess shared rights

1. I  am currently holding 7 lots so does that mean that i am given the option whether i want to buy the 7 lots at 0.015.

if i don't want to buy, i can sell 7lots of the singhaiyi R and earn that 0.004 x 7000. ? 

2. apart from the share issue, the form mention about applying for excess shares ,what does that mean?

does it mean that i can apply to buy another additional of   7 lots at 0.015? 

3. the price of singhaiyi drop to 0.021 since 1 Jul. this is the price after the stock split? 

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james81
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17-Jul-2013 19:03     
 
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sorry am quite a newbie with this and still not fully understand the share issue and excess shared rights

1. I  am currently holding 7 lots so does that mean that i am given the option whether i want to buy the 7 lots at 0.015.

if i don't want to buy, i can sell 7lots of the singhaiyi R and earn that 0.004 x 7000. ? 

2. apart from the share issue, the form mention about applying for excess shares ,what does that mean?

does it mean that i can apply to buy another additional of   7 lots at 0.015? 

3. the price of singhaiyi drop to 0.021 since 1 Jul. this is the price after the stock split? 
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r3ddot
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16-Jul-2013 13:31     
 
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 Alert Admin 		Thanks!

yewhuan      ( Date: 15-Jul-2013 18:54) Posted:



hi r3ddot,

yes, so long as you hold until the XD than you sell away (even you sold on the XD date), you're entitled to the rights share too.   thus if you do not want to exercise you may sell away during the " nil-paid" trading date within the said period (12th July - 22nd July 2013).

For a better confirmation you may also login to below hyperlink to check. Your CDP record should show how many lots you're entitled (Singhaiyi R) or you may call up CDP to check whether you entitle or not (Tel: 5357511 main line)

https://www1.cdp.sgx.com/login/login.html

 

r3ddot      ( Date: 15-Jul-2013 17:06) Posted:



Hi

Further clarification, does it mean that those who have the shares before 9July can actually sell the Singhaiyi  rights even though they sell it after 9 July?

Thanks
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yewhuan
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16-Jul-2013 12:01     
 
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 Alert Admin 		hi beginners, you're welcome! :)

beginners      ( Date: 16-Jul-2013 08:35) Posted:

Hi yewhuan,
Thks for the useful link:) appreciate:)

yewhuan      ( Date: 15-Jul-2013 21:50) Posted:



hi beginners,

below hyperlink maybe useful for your question.

This website also lots of quite useful information/answer about stocks for beginner investor like us.

http://www.investopedia.com/articles/01/072501.asp

 
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beginners
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16-Jul-2013 08:35     
 
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 Alert Admin 		Hi yewhuan,
Thks for the useful link:) appreciate:)

yewhuan      ( Date: 15-Jul-2013 21:50) Posted:



hi beginners,

below hyperlink maybe useful for your question.

This website also lots of quite useful information/answer about stocks for beginner investor like us.

http://www.investopedia.com/articles/01/072501.asp

 

beginners      ( Date: 15-Jul-2013 20:51) Posted:

Hi yewhuan, I have one more question. What is the meaning of splitting & trading of "nil paid" rights. Don't understand "splitting" here means . Thks:
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yewhuan
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15-Jul-2013 21:50     
 
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hi beginners,

below hyperlink maybe useful for your question.

This website also lots of quite useful information/answer about stocks for beginner investor like us.

http://www.investopedia.com/articles/01/072501.asp

 

beginners      ( Date: 15-Jul-2013 20:51) Posted:

Hi yewhuan, I have one more question. What is the meaning of splitting & trading of "nil paid" rights. Don't understand "splitting" here means . Thks:)

yewhuan      ( Date: 15-Jul-2013 18:56) Posted:

hi beginners, no problem! I just try to share what I know
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beginners
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15-Jul-2013 20:51     
 
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 Alert Admin 		Hi yewhuan, I have one more question. What is the meaning of splitting & trading of "nil paid" rights. Don't understand "splitting" here means . Thks:)

yewhuan      ( Date: 15-Jul-2013 18:56) Posted:

hi beginners, no problem! I just try to share what I know.

beginners      ( Date: 15-Jul-2013 18:21) Posted:

Hi yewhuan, thks for your sharing:) seems today the rights went up
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yewhuan
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15-Jul-2013 18:56     
 
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 Alert Admin 		hi beginners, no problem! I just try to share what I know.

beginners      ( Date: 15-Jul-2013 18:21) Posted:

Hi yewhuan, thks for your sharing:) seems today the rights went up.

yewhuan      ( Date: 13-Jul-2013 23:24) Posted:

Hi beginners,

Sorry that I can’t give you any opinion whether to exercise the said rights or not, cos I am not vested and I am not expert in this area too.

My last experience was KLW rights.  During the “nil-paid” trading period the KLW mother share has drop to 0.011 (before XD was 0.019-0.020) the market nil-paid right was only 0.001 (and only seller no buyer), and I still need to pay 0.010 cents per share to exercise the rights If I want to convert to mother share.

At last I have decided to exercise the rights and convert to mother share, total 0.011 per share before brokerage fees etc.   I was lucky that  2 days later after I have converted to mother share , KLW has shoot up to 0.019 and I sold at 0.018.  Thus, you may want to consult those who are experience or expert shifu here and also we need to do our own home work too.



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yewhuan
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15-Jul-2013 18:54     
 
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hi r3ddot,

yes, so long as you hold until the XD than you sell away (even you sold on the XD date), you're entitled to the rights share too.   thus if you do not want to exercise you may sell away during the " nil-paid" trading date within the said period (12th July - 22nd July 2013).

For a better confirmation you may also login to below hyperlink to check. Your CDP record should show how many lots you're entitled (Singhaiyi R) or you may call up CDP to check whether you entitle or not (Tel: 5357511 main line)

https://www1.cdp.sgx.com/login/login.html

 

r3ddot      ( Date: 15-Jul-2013 17:06) Posted:



Hi

Further clarification, does it mean that those who have the shares before 9July can actually sell the Singhaiyi  rights even though they sell it after 9 July?

Thanks
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beginners
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15-Jul-2013 18:21     
 
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 Alert Admin 		Hi yewhuan, thks for your sharing:) seems today the rights went up.

yewhuan      ( Date: 13-Jul-2013 23:24) Posted:

Hi beginners,

Sorry that I can’t give you any opinion whether to exercise the said rights or not, cos I am not vested and I am not expert in this area too.

My last experience was KLW rights.  During the “nil-paid” trading period the KLW mother share has drop to 0.011 (before XD was 0.019-0.020) the market nil-paid right was only 0.001 (and only seller no buyer), and I still need to pay 0.010 cents per share to exercise the rights If I want to convert to mother share.

At last I have decided to exercise the rights and convert to mother share, total 0.011 per share before brokerage fees etc.   I was lucky that  2 days later after I have converted to mother share , KLW has shoot up to 0.019 and I sold at 0.018.  Thus, you may want to consult those who are experience or expert shifu here and also we need to do our own home work too.

beginners      ( Date: 13-Jul-2013 15:13) Posted:

Hi yewhuan, thank you very much for taking time to explain about rights. I am still thinking whether worth to take up the rights for this stock. Any opinion from your view? Thks
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r3ddot
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15-Jul-2013 17:06     
 
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Hi

Further clarification, does it mean that those who have the shares before 9July can actually sell the Singhaiyi  rights even though they sell it after 9 July?

Thanks
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yewhuan
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13-Jul-2013 23:24     
 
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Hi beginners,

Sorry that I can’t give you any opinion whether to exercise the said rights or not, cos I am not vested and I am not expert in this area too.

My last experience was KLW rights.  During the “nil-paid” trading period the KLW mother share has drop to 0.011 (before XD was 0.019-0.020) the market nil-paid right was only 0.001 (and only seller no buyer), and I still need to pay 0.010 cents per share to exercise the rights If I want to convert to mother share.

At last I have decided to exercise the rights and convert to mother share, total 0.011 per share before brokerage fees etc.   I was lucky that  2 days later after I have converted to mother share , KLW has shoot up to 0.019 and I sold at 0.018.  Thus, you may want to consult those who are experience or expert shifu here and also we need to do our own home work too.

beginners      ( Date: 13-Jul-2013 15:13) Posted:

Hi yewhuan, thank you very much for taking time to explain about rights. I am still thinking whether worth to take up the rights for this stock. Any opinion from your view? Thks.

yewhuan      ( Date: 13-Jul-2013 14:10) Posted:

you're welcome
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beginners
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13-Jul-2013 15:13     
 
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 Alert Admin 		Hi yewhuan, thank you very much for taking time to explain about rights. I am still thinking whether worth to take up the rights for this stock. Any opinion from your view? Thks.

yewhuan      ( Date: 13-Jul-2013 14:10) Posted:

you're welcome!

dekmelvie      ( Date: 13-Jul-2013 13:51) Posted:

Thanks for the info
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yewhuan
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13-Jul-2013 14:10     
 
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 Alert Admin 		you're welcome!

dekmelvie      ( Date: 13-Jul-2013 13:51) Posted:

Thanks for the info!

yewhuan      ( Date: 13-Jul-2013 13:49) Posted:

Hi dekmelvie,

Yes, if you wanted to convert to mother share, you need to exercise it by paying another 0.015 per share latest by 26th July 2013, otherwise it will become “0” value after the said date.

1)          This “nil-paid” trading period are for those who entitled to the rights share but they do not want exercise it to mother share by paying another 0.015 per share, they can sell away through the market during the specific period - 12th July to 22nd July 2013 (eg. They entitled to 100 lots rights share and they sold at 0.004, so they can get back S$400 before brokerage fees etc.)

 

2)          Also for those who are not entitled to the rights share, but they want to buy   the “nil-paid” share from the market during the said period and after that they exercise it by paying another 0.015 cents per share to convert to mother.

 

3)          Lastly for those who want to trade as per normal by earning some “kopi money” but they must sell it away before 22nd July 2013 else it will become “0” value if they did not exercise it to mother share by paying 0.015cents per share.



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dekmelvie
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13-Jul-2013 13:51     
 
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 Alert Admin 		Thanks for the info!

yewhuan      ( Date: 13-Jul-2013 13:49) Posted:

Hi dekmelvie,

Yes, if you wanted to convert to mother share, you need to exercise it by paying another 0.015 per share latest by 26th July 2013, otherwise it will become “0” value after the said date.

1)          This “nil-paid” trading period are for those who entitled to the rights share but they do not want exercise it to mother share by paying another 0.015 per share, they can sell away through the market during the specific period - 12th July to 22nd July 2013 (eg. They entitled to 100 lots rights share and they sold at 0.004, so they can get back S$400 before brokerage fees etc.)

 

2)          Also for those who are not entitled to the rights share, but they want to buy   the “nil-paid” share from the market during the said period and after that they exercise it by paying another 0.015 cents per share to convert to mother.

 

3)          Lastly for those who want to trade as per normal by earning some “kopi money” but they must sell it away before 22nd July 2013 else it will become “0” value if they did not exercise it to mother share by paying 0.015cents per share.

dekmelvie      ( Date: 13-Jul-2013 08:57) Posted:

You mean you cant just buy the nil paids? Must exercise also the .015rights?
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yewhuan
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13-Jul-2013 13:49     
 
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Hi dekmelvie,

Yes, if you wanted to convert to mother share, you need to exercise it by paying another 0.015 per share latest by 26th July 2013, otherwise it will become “0” value after the said date.

1)          This “nil-paid” trading period are for those who entitled to the rights share but they do not want exercise it to mother share by paying another 0.015 per share, they can sell away through the market during the specific period - 12th July to 22nd July 2013 (eg. They entitled to 100 lots rights share and they sold at 0.004, so they can get back S$400 before brokerage fees etc.)

 

2)          Also for those who are not entitled to the rights share, but they want to buy   the “nil-paid” share from the market during the said period and after that they exercise it by paying another 0.015 cents per share to convert to mother.

 

3)          Lastly for those who want to trade as per normal by earning some “kopi money” but they must sell it away before 22nd July 2013 else it will become “0” value if they did not exercise it to mother share by paying 0.015cents per share.

dekmelvie      ( Date: 13-Jul-2013 08:57) Posted:

You mean you cant just buy the nil paids? Must exercise also the .015rights?

yewhuan      ( Date: 12-Jul-2013 22:17) Posted:



Hi beginners,

if you buy the " nil-paid" rights share from the market (eg you bought 100 lots x 0.004) you need to exercise this 100 lots " nil-paid" rights latest on 26th July 2013 (5.00pm. if pay through ATM will be 9.30pm) by paying another 0.015 x 100 lots (i.e all together your pay out will be 0.004 + 0.015 x 100 lots = S$1,900) before it can convert to mother share.

payment work out

1) 0.004 x 100 lots = S$400

+ brokerage fees S$26.75

+ clearing fees from SGX = 0.21cents

2) 0.015 x 100 lots = S$1,500

+ S$2.00 (if you make your payment through the ATM)

overall pay out =S$1,928.96 for 100 lots

**the above mentioned is for those who do not entitle to the rights share and they want to buy it from the market and convert to mother share later on.

For those who already entitled to the rights share (cos they bought it before XD) they just need to pay the 0.015 (latest by 26th July 2013) to convert this rights share to mother share will do.

You also can refer to below hyperlink from SGX (page 3) for better reference

http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3MonthsByCompanyNameAndCategory& F=881188& fileId=Lodgment_of_OIS.pdf 

 


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