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You can short and cover by 5pm today. I am queuing to cover at 0.005
Keppellongist ( Date: 31-Mar-2021 14:49) Posted:
Can't short now, rights will be stop trading after tmr. Am I right?
ThankYou ( Date: 31-Mar-2021 14:45) Posted:
| Should be, or there might be buy in 2 days later |
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Correct.. those who have the mother shares prior to the rights offering(cut off data was 18 mar) would have receive a document that has all the information.
can see from this thread majority aren' t past holders. You can visit their website under announcement...
bobby90 ( Date: 31-Mar-2021 14:33) Posted:
Its calculated by adding right price bought with exercise rights price at 0.047..if im not wrong
Eyxm86 ( Date: 31-Mar-2021 14:30) Posted:
| How is the rights calculated to mother shares? Or where to find such infos |
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Bro, these are rights and aren' t shared.. renounceable right. The ' rights' to convert to share by exercising and paying 0.047 per piece.
this window period from 24 mar to 1st Apr is given to holders of these rights to sell/trade them
Eyxm86 ( Date: 31-Mar-2021 14:00) Posted:
Lol, I mean why it will stop trading and what will happen to the shares? Sorry, new to this.
makdatok ( Date: 31-Mar-2021 13:55) Posted:
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You might be right. Received this in the past
1) SGX will perform buying-in for your account on Due Date and Due Date +1 in the Buy-in market.
· If buying-in is unsuccessful, penalty of 5% of the value of the failed trade subject to a minimum of S$1,000 will be imposed.
· If buying-in is unsuccessful by Due Date +1, procurement will commence from Due Date +2 and Due Date + 3.
· If procurement fails, cash settlement will take place.
Contratrader ( Date: 31-Mar-2021 11:42) Posted:
Bro ...correct la ..yesterday already bought in 459500 by SGX ...can check yesterday' s sgx announcement..T+2 buy in day
Blowyouoff ( Date: 31-Mar-2021 11:28) Posted:
| You might have got it wrong. You shorted on Friday, they won' t buy in yesterday.. probably today. |
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Tomorrow
Keppellongist ( Date: 31-Mar-2021 11:45) Posted:
Thanks bro/sis, today rights trading on last day?
Blowyouoff ( Date: 31-Mar-2021 11:43) Posted:
| Accept by 8th april and make payment by 8th April |
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Accept by 8th april and make payment by 8th April
Keppellongist ( Date: 31-Mar-2021 11:35) Posted:
| Hi guys, if I get the right. When is the deadline to ATM 0.047? |
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You might have got it wrong. You shorted on Friday, they won' t buy in yesterday.. probably today..
ahmah00 ( Date: 31-Mar-2021 10:54) Posted:
I got confession to make.
459500 was actually shorted by me last Friday. Cost price skyrocketed and didn' t cover in time.
But who knew that the price dropped in my favour on Monday and Tuesday and I earned even with buying-in penalty. Nvr say nvr. First time I earn from naked short with buying-in market. Most of the other time I really pay the penalty until cham. |
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Not sure.. the current price also artificially held up by the R.. comes 2nd, no R to hold it up..
prior to the trading of R, this counter was dipping
Justdoit88 ( Date: 30-Mar-2021 17:17) Posted:
Could there also be a possibly that SSH want people to exercise their rights and therefore keeping mother shares higher?
Blowyouoff ( Date: 30-Mar-2021 17:14) Posted:
Glad this is useful.
Many people aren' t aware how right works... the 1st and 2nd days of fluctuations are in part due to many people don' t know what to do with rights or how to exercise, resulting in some dumping and there are those traders who blindly picked up and If smart enough, dump on 3rd day when it peaked.. ignorance about how R works could be the reason there is a gap in the mother share and the R+exercise |
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The demand is at the lower range of 0.006-0.009... the supply is 0.0011-0.0013.. if you willing to pay, you will get them....but the market has woken, no one wishes to pay for 0.0011 for these R anymore although those who bought at higher wanted to sell to salvage...
to begin with, the traded value is only worth few hundred k every day... not much meat for the high rollers
makdatok ( Date: 30-Mar-2021 16:53) Posted:
| Tmr even less R available...more in demand..heh heh |
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Glad this is useful.
Many people aren' t aware how right works... the 1st and 2nd days of fluctuations are in part due to many people don' t know what to do with rights or how to exercise, resulting in some dumping and there are those traders who blindly picked up and If smart enough, dump on 3rd day when it peaked.. ignorance about how R works could be the reason there is a gap in the mother share and the R+exercise
Justdoit88 ( Date: 30-Mar-2021 16:40) Posted:
Cool. New knowledge! Thanks for sharing.
Blowyouoff ( Date: 30-Mar-2021 16:38) Posted:
Rights currently trading 0.01... exercise is fixed at 0.047...
no brokerage involved for exercise of rights... pay via atm
I am sure the difference of 0.004 more than cover many costs
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Rights currently trading 0.01... exercise is fixed at 0.047...
no brokerage involved for exercise of rights... pay via atm
I am sure the difference of 0.004 more than cover many costs
Justdoit88 ( Date: 30-Mar-2021 16:29) Posted:
The cost to buy the rights? There is the broker fees and SGX clearing fees. What about exercising the rights? I just got to go to my broker and there is no costs involve? Sorry just want to clarify because I never exercise before.
Blowyouoff ( Date: 30-Mar-2021 16:26) Posted:
| Got to exercise at 0.047... the R is around 0.01 now..0.01+0.047=0.057 which is lower than 0.06 |
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Got to exercise at 0.047... the R is around 0.01 now..0.01+0.047=0.057 which is lower than 0.061
Justdoit88 ( Date: 30-Mar-2021 16:21) Posted:
Is the conversion of R free?
Blowyouoff ( Date: 30-Mar-2021 16:16) Posted:
Holders of mother shares can just dump their holdings and buy R to exercise. Cost will be lower this way...will save 0.004 this way..
expect further dip next 2 days |
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Holders of mother shares can just dump their holdings and buy R to exercise. Cost will be lower this way...will save 0.004 this way..
expect further dip next 2 days
ThankYou ( Date: 30-Mar-2021 16:07) Posted:
I have 1.2M considered a lot or not?
makdatok ( Date: 30-Mar-2021 16:05) Posted:
| Not much R in the market ..All in real collector hand liao |
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It seems many traders don' t seem to know the difference between rights and warrants. Perhaps typo error below?
this isn' t warrants... these are rights. They are entirely different
Goodgoing ( Date: 29-Mar-2021 18:14) Posted:
Thank you, u r holding 1.2mil warrant, u want to do 5 mil right? Then totally different for what u belive this will up.
Contratrader ( Date: 29-Mar-2021 17:32) Posted:
Bro.5M rights a lot le....a bit risky...also at 1c not much meat liow....mb a few pips down ..as compared to 2c big range..
also must see mkt sentiments..anyway..your money u decide ..maybe can do a bit to try...win lose not much...I usually will weigh risk and returns..
hahaha think too much. |
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Bro, I don' t think this counter look good in long term...unless you think this is another SIA which rebounded 6 months after rights issues
look at MM2' s volume prior to COVID... not much volumes. SIA is different, volumes are alway there before COVID and after right issues, volumes are higher
ThankYou ( Date: 29-Mar-2021 16:47) Posted:
Yes, you should have told me then I would have sold. But I was thinking Long term.
Blowyouoff ( Date: 29-Mar-2021 16:39) Posted:
Last night when I replied bobby08, I hinted when I said: ' base on above timeline, you figure out what are the possibilities on the price of R from Monday till 1st apr'
a lot of people don' t quite understand Right issues and the timeline of the rights
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Bro these are renounceable rights and that' s why they are traded like stocks, but trading will cease for these rights after 1st Apr.
aftwr you purchase the rights, you need to exercise these rights by 8 Apr(if I ain' t wrong about the dates).. or else the rights that you bought will turn worthless. Thus you either wish to trade by 1st Apr or you can hold and exercise by 8th Apr. If you don' t have intention to exercise, please sell by 1st Apr
so surprise no one answers you...
base on above timeline, you figure out what are the possibilities on the price of R from Monday till 1st apr |
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Last night when I replied bobby08, I hinted when I said: ' base on above timeline, you figure out what are the possibilities on the price of R from Monday till 1st apr'
a lot of people don' t quite understand Right issues and the timeline of the rights
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Bro these are renounceable rights and that' s why they are traded like stocks, but trading will cease for these rights after 1st Apr.
aftwr you purchase the rights, you need to exercise these rights by 8 Apr(if I ain' t wrong about the dates).. or else the rights that you bought will turn worthless. Thus you either wish to trade by 1st Apr or you can hold and exercise by 8th Apr. If you don' t have intention to exercise, please sell by 1st Apr
so surprise no one answers you...
base on above timeline, you figure out what are the possibilities on the price of R from Monday till 1st apr |
ThankYou ( Date: 29-Mar-2021 16:34) Posted:
No lah, I did not know it will go down today, or else I would have sold yesterday then buy again today. Anyway, I am serious about holding it. Just did not know the swing is so great.
Blowyouoff ( Date: 29-Mar-2021 16:32) Posted:
Bro, earn enough better run... genuine advise...only left 3 trading days..
After you exercise, there are few days you cannot trade because the shares aren' t deposited into your accounts until 16th....
many things can happens in those few days... |
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Bro, earn enough better run... genuine advise...only left 3 trading days..
After you exercise, there are few days you cannot trade because the shares aren' t deposited into your accounts until 16th....
many things can happens in those few days...
ThankYou ( Date: 29-Mar-2021 16:20) Posted:
| Why would anyone buy Mother shares at 6.4 cents when they could buy rights shares at 1.2 + 4.7 cents? The reason should be they are covering their shorts earlier on, correct? |
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The TERP is 0.0835.... it' s trading at only 0.064 now. The rights are at 0.01 and it seems even at this price, it looks cheaper to buy to convert but yet demand is still limited
next 2 days expect more to release their rights after they realised how these rights issues works
ThankYou ( Date: 29-Mar-2021 16:01) Posted:
Bought some more at 1.1 cents to convert. At 5.8 cents, it is a good deal considering how much it has plunged. DBS target price of 9 cents, reopening of cinemas soon, possible merger with golden village, it cannot be expensive even at 7 cents.
ThankYou ( Date: 29-Mar-2021 15:56) Posted:
| Can see, someone trying to bring the price down |
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It' s a one day now.. at 0.01 and after adding 0.047, it' s only 0.058 which is lower than current trading price of 0.063... also no one wants the rights.. thus only 1 way direction which is down
tankoksee ( Date: 29-Mar-2021 15:42) Posted:
rights going back to 0.001? |
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Go to your atm machine.. under some bank, usually Dbs, you have option to make payment for subscription to Right issues
bobby90 ( Date: 29-Mar-2021 15:16) Posted:
| Hi guys, need some advise/guidance..i have purchase the right shares on iFast platform..where and how should I go about converting my rights..given that I have to top up 0.047 per right shares? |
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