(15-09-2015, 09:01 AM)promptpost Wrote: [ -> ]i want to sell the Rights shares for CM Pacific.
Can someone tell me what is the counter code for the Rights shares?
The rights are non-renounceable so you don't get to sell them.
Thanks for your reply.
Anyone know whether it makes sense to subscribe to Rights shares at $1 or get from the market at $0.915?
(15-09-2015, 09:12 AM)gzbkel Wrote: [ -> ] (15-09-2015, 09:01 AM)promptpost Wrote: [ -> ]i want to sell the Rights shares for CM Pacific.
Can someone tell me what is the counter code for the Rights shares?
The rights are non-renounceable so you don't get to sell them.
(15-09-2015, 09:23 AM)promptpost Wrote: [ -> ]Thanks for your reply.
Anyone know whether it makes sense to subscribe to Rights shares at $1 or get from the market at $0.915?
(15-09-2015, 09:12 AM)gzbkel Wrote: [ -> ] (15-09-2015, 09:01 AM)promptpost Wrote: [ -> ]i want to sell the Rights shares for CM Pacific.
Can someone tell me what is the counter code for the Rights shares?
The rights are non-renounceable so you don't get to sell them.
I reckon, you can get the answer, from the old posts from our senior buddies here.
(15-09-2015, 09:23 AM)promptpost Wrote: [ -> ]Thanks for your reply.
Anyone know whether it makes sense to subscribe to Rights shares at $1 or get from the market at $0.915?
Huh???? This one I have to scratch my head. if you can pay $0.915 from the mkt , why would you want to pay $1 for the rights. if you have to ask this kind of question, I suggest you better think twice about investing and let others manage the money for you. Sorry for being so direct but its for your own good. the only reason that you want to buy the rights will be like what GG plans to do and buy some odd number of shares to round up your odd lots and avoid paying the minimum charge of $25..
(15-09-2015, 09:54 AM)Jacmar Wrote: [ -> ] (15-09-2015, 09:23 AM)promptpost Wrote: [ -> ]Thanks for your reply.
Anyone know whether it makes sense to subscribe to Rights shares at $1 or get from the market at $0.915?
Huh???? This one I have to scratch my head. if you can pay $0.915 from the mkt , why would you want to pay $1 for the rights. if you have to ask this kind of question, I suggest you better think twice about investing and let others manage the money for you. Sorry for being so direct but its for your own good. the only reason that you want to buy the rights will be like what GG plans to do and buy some odd number of shares to round up your odd lots and avoid paying the minimum charge of $25..
Hi Jacmar,
I have already put in an optimal amount to take advantage of the comm free system to write off for the wrong term...
Thanks for the pleasant reminder.
GG
CityFarmer, Jacmar
Thanks for your advice.
(15-09-2015, 09:01 AM)promptpost Wrote: [ -> ]i want to sell the Rights shares for CM Pacific.
Can someone tell me what is the counter code for the Rights shares?
Its non-renounceable. You cannot sell it.
Even if you could sell it, doubt anyone would buy haha.
(14-09-2015, 10:09 PM)Nick Wrote: [ -> ]The Company risk profile will change after this M&A deals reaches completion. There are substantial debt exceeding HK$10 billion, loss-making toll roads, potential slowdown in the Chinese economy. A far cry from the HK$1 billion net cash company when I first invested.
(Vested)
I am not sure on the debt level. Based on my source, the total debt (ST + LT debts), up to 2Q15, was about 0.65 billion HK$. How to arrive at a total debt of exceeding 10 billion HK$, after the acquisition, and with the right issue proceeds?
(vested)
(15-09-2015, 10:08 PM)CityFarmer Wrote: [ -> ] (14-09-2015, 10:09 PM)Nick Wrote: [ -> ]The Company risk profile will change after this M&A deals reaches completion. There are substantial debt exceeding HK$10 billion, loss-making toll roads, potential slowdown in the Chinese economy. A far cry from the HK$1 billion net cash company when I first invested.
(Vested)
I am not sure on the debt level. Based on my source, the total debt (ST + LT debts), up to 2Q15, was about 0.65 billion HK$. How to arrive at a total debt of exceeding 10 billion HK$, after the acquisition, and with the right issue proceeds?
(vested)
http://www.cmhp.com.sg/resources/ck/file...281%29.pdf - pg 5
Total Debt exceeds HK$4 billion (exclude dividend payable to Easton) as of 2Q 15.