(18-08-2014, 09:53 AM)CityFarmer Wrote: [ -> ] (18-08-2014, 09:41 AM)pubster Wrote: [ -> ]Currently I only have slightly more than 4 lots (due to the last scrip) bought using CPF. When I read the notice, I found this,
"Fractional entitlement to the Right Shares will be disregard in arriving at the Shareholders' entitlement..."
Does that mean that I will not be entitled to any Share Rights? If that is the case, I guess I will be diluted with no recourse...
Four lots mean 4000 shares, and entitlement is 1-for-8, thus you are entitled to 500 rights.
The fractional entitlement means those entitlement with less than one (1) right, or less than 8 shares.
Hi CF,
Mean cannot have decimal right entitlement right?
Example 14 share is entitle to 1.75 right so round down to 1 right. Am I right?
Can I check with you that if i did not opt in anytthing for the scrip dividend of $0.18, I will get cash instead of share right? thanks
(18-08-2014, 09:57 AM)Ken123456 Wrote: [ -> ] (18-08-2014, 09:53 AM)CityFarmer Wrote: [ -> ] (18-08-2014, 09:41 AM)pubster Wrote: [ -> ]Currently I only have slightly more than 4 lots (due to the last scrip) bought using CPF. When I read the notice, I found this,
"Fractional entitlement to the Right Shares will be disregard in arriving at the Shareholders' entitlement..."
Does that mean that I will not be entitled to any Share Rights? If that is the case, I guess I will be diluted with no recourse...
Four lots mean 4000 shares, and entitlement is 1-for-8, thus you are entitled to 500 rights.
The fractional entitlement means those entitlement with less than one (1) right, or less than 8 shares.
Hi CF,
Mean cannot have decimal right entitlement right?
Example 14 share is entitle to 1.75 right so round down to 1 right. Am I right?
Can I check with you that if i did not opt in anytthing for the scrip dividend of $0.18, I will get cash instead of share right? thanks
Yes, the minimum trade-able rights is one (1), thus the fractional entitlement will be disregarded, or round down...
Base on past experience with OCBC, scrip dividend wasn't the default option. I assume it is the same now. Please check with the relevant announcement of the company.
(divested long time ago)
Thank you for all the prompt responses. Very much appreciated.
I am a newbie investor so had never participated in Right Shares before. I always thought they will be handle in 1 whole lot like the common stocks.
Look like I will have more odds lots now though I still can't make up to 5 lot...
Guess I will need to call my CPF agent bank soon to sort out this dividend and Right Shares issue since I will not be in Singapore to received the mail.
Thank you once again for the help.
(18-08-2014, 10:45 AM)kbl Wrote: [ -> ]OCBC Seeks $2.7 Billion Via Rights Issue After Wing Hang.....
By Sanat Vallikappen Aug 18, 2014 9:45 AM GMT+0800
http://www.bloomberg.com/news/2014-08-17...-hang.html
ok liao, previous $1B+$2.7B = $3.7B now, enough liao for WH,
life goes back to normal, hope WH will GROW GROW GROW!!
another Noobie here.
Somebody please enlighten when can i expect the letters to arrive for the rights issue & the option for scrip dividend?
will it be in october or in september?
I am waiting to initiate a position at $9.90 or below
(18-08-2014, 11:09 PM)Dividend Warrior Wrote: [ -> ]I am waiting to initiate a position at $9.90 or below
u have a chance on monday.....sure go below 9.90... XR XD at the same time
(18-08-2014, 11:03 PM)viruskbs Wrote: [ -> ]another Noobie here.
Somebody please enlighten when can i expect the letters to arrive for the rights issue & the option for scrip dividend?
will it be in october or in september?
1. Offer Information Statement wrt Rights will be sent out on 1 September.
2. Notices of Election and Scrip Dividend Entitlement Advice will be sent out starting 08 September. If you take scrip dividend, they do not count towards the rights entitlement.
