Neptune Orient L Rg   

NOL

Dont worry , if you have done your calculation and you find it profitable to sell today , you may do so... You are entitled to your $1.3 for 750 shares if you own 1000 shares. It will take two days(19th) to realise the transaction so that is why the record date is two days later.(ifyou sell today , they will record you as sell on 20th ) As long as you follow XR date , you may sell now. But do do your calculation ya.. cos if anyone bot at 1.7 region , you may not benefit if you sell now. So please remember to do your calculation hehe.. cheers.

NOL suffers a stagant price during the so called CR period due to the negative market force. This may lead to the fact that NOL maybe so called cheaper than expected. If there is rally coming these two weeks , NOL may soar in prices during the nil paid right trading period.

 Maybe .. nia.. haha

 

Hope this helps

tanyagary      ( Date: 17-Jun-2009 09:55) Posted: If I sell NOL today the 17th do I lose the entitlement to buy  the rights 1 .30 or do  have to wait till the 19th  to get rid of the mother share. Please help I am getting a bit confused with the record date/ book closure etc

 

Thanks 'Alligator" much appreciated for taking the time to explain

 

What the real meaning of EX-rights is TRADING is now EXCLUDE- Rights. This date is most important to remember.


If you HOLD shares on yesterday, you are already an entitled shareholders ( to the rights isse).


So if you SELL (mother shares) today on Ex-Rights date, you SELL shares without rights, which means you keep the rights.

However you must exercise by paying 1.30 before the closing date 8 July, else on its expiry its value is equal to zero.


BCD is date for them to enter to their registers so as they can determine who is entitled , then they mail the documents to these entitled shareholders.

 

If I sell NOL today the 17th do I lose the entitlement to buy  the rights 1 .30 or do  have to wait till the 19th  to get rid of the mother share. Please help I am getting a bit confused with the record date/ book closure etc

 

Exit with some kopi money (some profit) first. 2nd thought tell me to come bk later for this baby as its Right value not cheap after all.

 

 

Poor timing for NOL releasing CR but anyway .. no loss is good gain .  

 

Some joker packing at (selling at) $1.70, preventing this baby to proceed further.

Weird....

 

Is it possible to short this counter on XR date

 

Ok thks dealer0168

dealer0168      ( Date: 15-Jun-2009 21:29) Posted: Shares trade “ex-rights” : 17 June 2009 (Wed) Tomorrow last date to get into this baby (for the $1.30 Right).

 

yup ... CR last day tmr .. Great Singapore sale , buy 4 get 3 at 1.3 .. haha ..

NOL this counter becomes defensive stocks these few days...

No big loss is big gain haha

 

Shares trade “ex-rights” : 17 June 2009 (Wed) Tomorrow last date to get into this baby (for the $1.30 Right).

 

When is the XR date ?

 

Ooo the range too high. I thk cannot hit even $1.90. And tomorrow is the CR last date, sian.

But also good lah, XR that time maybe it at most may drop to $1.55/ $1.50......

Up less drop less.....maybe

 

But wrong CR date. I believe this baby won't go beyond $2 during the CR period.

 

 

Movement not fast, maybe bc today market not good.

 

NOL still same as Friday leh ... 

 

Scary lei. Another thing that i tink abt the sell down is bcos today friday, people are worry that HSI will be profit taking day, so dont dare to hold.

I think the price of NOL should increase but amt of increase maybe limited to a certain extent.( Economic Uncertainty)

 

XR on the 19June..meaning I can only apply the rights and excess after 19 June, correct?

 

it could also be a huge shortsell. Make all of you small investors scared and start selling your stocks at a low price. Then at a certain price, price will shoot up real fast as they replenish the shorted volume.