Based on my experienced, mother share price will drop on ex-date of rights issues.
This can be seen on KENCANA (counter code: 5122) which mother share price drop on ex-date of rights issues.Although KENCANA share price drop from RM2.49 to RM 1.54 but KENCANA offer you for rights + bonus issues so that your KENCANA units will be increase in your cds balance.
For example,
KENCANA ex-date rights issues: 06/01/2010
Your original KENCANA share price: 50,000 units
Your rights issues offer to you: 50,000 x 2/5 = 20,000 units
Your bonus issues offer to you: (50,000 + 20,000) x 3/10 = 21,000 units
You can sell your KENCANA-OR: 11/01/2010-15/01/2010
Last date to sell your KENCANA-OR: 15/01/2010
New updates of your KENCANA cds balance on 08/02/2010:
50,000 + 20,000 + 21,000 = 9,1000 units
It has been a pleasure taking care of your trading account for more than 15 years. The growth I’ve experienced over the years is because of customers like you, who faithfully support my business.You have been a loyal and dependable client for more than 15 years. I appreciate your trust, and I’ll do my best to continue to give you the kind of service you deserve. Free Stuff will be announce and given only to Fiona Client via this blog. THE BEST THINGS IN LIFE ARE FREE; - American Proverbs.
FREE Sign Up For 1 Weeks Trial E-mail Services By Receiving RHB Daily Research Report
Share with your friends
Search My Blog
Want To Know Share Price Up/Down?
Find out more!!
My Linkedln
My Wayn
Disclaimer
Data and Information in richshare.blogspot.com is provided for informational purposes only. richshare.blogspot.com is not a solicitation to purchase or sell any security. Therefore richshare.blogspot.com shall not be liable for any errors or delays in the content, or for any trading decisions taken in reliance thereon.