Overseas Chinese Banking Corporation (OCBC Bank)

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(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
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(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...Big Grin

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)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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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
Not a call to Buy or Sell

Mr Bump: All I Can Smell Is My FEAR
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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.
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(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, Big Grin

life goes back to normal, hope WH will GROW GROW GROW!! Tongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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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?
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I am waiting to initiate a position at $9.90 or below Smile
My Dividend Investing Blog
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(18-08-2014, 11:09 PM)Dividend Warrior Wrote: I am waiting to initiate a position at $9.90 or below Smile

u have a chance on monday.....sure go below 9.90... XR XD at the same time
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(18-08-2014, 11:12 PM)toiletsiao Wrote:
(18-08-2014, 11:09 PM)Dividend Warrior Wrote: I am waiting to initiate a position at $9.90 or below Smile

u have a chance on monday.....sure go below 9.90... XR XD at the same time

That would be beautiful. Wink
My Dividend Investing Blog
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(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.
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