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jefftanks
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30-Sep-2014 20:04
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I applied for 1000 excess rights and was given 538, unexpected.Very happy to get it.Thanks to Ocbc. |
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moneyplant
Master |
29-Sep-2014 08:54
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Wing hang bank - largest deadweight to ocbc | ||||
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surefire
Member |
29-Sep-2014 08:25
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Not necessarily. The issuance of the new shares has already been priced in when the shares turned ex-rights. The only other factor is that people who received their rights and excess rights shares may decide to sell their shares and weaken the price although i think this is unlikely
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surefire
Member |
29-Sep-2014 08:19
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Wow! Thats a lot of OCBC shs! My guess is, your original holding was 67,060 shs hence yr entitlement was 8,382.5 (rounded down to 8,382). Without any excess, yr new shareholding would hv been 75,442. Initially, in the first round of excess shares allocation, they would have rounded up to 75,500. Then, because they still had excess shares, they subsequently rounded yr shareholding to 76,500.
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tanakow
Member |
29-Sep-2014 00:11
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Just checked. My entitlement is 8382. Allocated 9440. That means I got 1058,sorry not 1118. That is because I think I have 60-odd lots. |
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surefire
Member |
28-Sep-2014 23:40
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I got 674 excess rights. Tanakow & alexmay, maybe both of u can recheck your figures to make sure u r not including your original rights entitlements? I m an ex investment banker and from experience, it is very unlikely that anyone will get more than 1,000 in excess rights shares unless the take-up rate is very poor and the rights issue is badly under-subscribed (i.e. Before including excess applications). Furthermore the same allocation rule has to be applied to all shareholders with the exception of substantial shareholders who have lowest priority for excess applications. |
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i_love_girls
Veteran |
27-Sep-2014 21:57
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This means OCBC price will drop on Monday? | ||||
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alexmay34
Veteran |
27-Sep-2014 21:25
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I got 1731 excess, quite generous |
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tanakow
Member |
27-Sep-2014 17:50
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Supposed to get 8382, but subscribed 10000. | ||||
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toiletsiao
Member |
27-Sep-2014 17:46
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Shhiiokk.. How many u applied
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tanakow
Member |
27-Sep-2014 17:38
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OCBC very good , give me 1118 extra. | ||||
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guiren
Veteran |
27-Sep-2014 16:13
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Good news, can enjoy profits on Monday after such long wait | ||||
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toiletsiao
Member |
27-Sep-2014 16:09
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rights shares credited to CDP liao...u can log in and check |
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everknight
Member |
27-Sep-2014 11:12
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Thanks. I checked last nite and nothing credited to CDP nor was there any refund to my bank acct. Have to wait for monday then...happy weekend everyone.
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edwinjup
Supreme |
26-Sep-2014 16:45
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There is a delay....so share will credit on 29sep before trading.....ocbc....sian
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edwinjup
Supreme |
17-Sep-2014 19:06
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Can check on 27 sep through cdp website...if no...need to wait till 29 sep 7am latest.....
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everknight
Member |
17-Sep-2014 19:03
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Guys, question. When and how can we know if our excess rights application is successful? The docs only say it will start the date of issuance on 26-Sep...is this also the time we will know excess rights application status? |
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lingua101
Veteran |
16-Sep-2014 15:21
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so with all the rights issue done, it should be traded around theoritical value. what is the theoritical value after right? The price keeps dropping le |
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edwinjup
Supreme |
16-Sep-2014 13:30
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Think ocbc "suck" more than $4billion cash from.the.market for.it.right issue..... | ||||
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edwinjup
Supreme |
15-Sep-2014 14:00
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Today is the last day to apply for the ocbc rights.... |
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