tag:blogger.com,1999:blog-37872616.post215175658740104364..comments2024-03-28T22:39:26.440+08:00Comments on BULLy the BEAR: DBS rights issuela papillionhttp://www.blogger.com/profile/01372278083694506953noreply@blogger.comBlogger78125tag:blogger.com,1999:blog-37872616.post-82161320827617914392020-11-04T19:48:42.668+08:002020-11-04T19:48:42.668+08:00Thanks for sharing the blog, seems to be interesti...Thanks for sharing the blog, seems to be interesting and informative too. Can you suggest some of the interesting places to visit for <a href="https://www.prudential.com.sg/products/protection/life/prufirst-gift" rel="nofollow"> insurance for newborn </a>aaravlagharhttps://www.blogger.com/profile/03548710999178263550noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-55644253986561576532009-05-16T08:29:00.000+08:002009-05-16T08:29:00.000+08:00George,
May I know which counter that you have th...George,<br /><br />May I know which counter that you have that have this? Perhaps I can check out the OIS for you from sgx announcement. If you're uncomfortable, perhaps you can read the OIS yourself and read the important dates listed in there. There should be a timeline for events to happen. Check the dates when the warrants are trading on the open market. OR maybe you just have to wait for it to come. <br /><br />From what I remembered (had this encounter with yongnam warrants before), there should be a separate warrant counter in the CDP account.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-44834941339277290062009-05-16T01:30:00.000+08:002009-05-16T01:30:00.000+08:00HI,
What i got was the right warrant. Currently ...HI, <br /><br />What i got was the right warrant. Currently I dont' see any other counter/warrant in my CDP account. Is that normal or have to wait till they issue the warrant certificates then will reflect in the account. ThanksGeorgenoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-19083114574769448632009-05-16T01:08:00.000+08:002009-05-16T01:08:00.000+08:00Hi George,
You're getting right warrant or right ...Hi George,<br /><br />You're getting right warrant or right shares? For rights shares, it'll be converted to the ordinary shares after nil pay trading period is over. For right warrants, it'll be converted to company warrant after nil pay trading period is over. <br /><br />In summary, you'll see some counter (either shares or warrants) in exchange for the rights (which is temporary).<br /><br />Hope I answered your question.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-47284234058152399122009-05-16T00:24:00.000+08:002009-05-16T00:24:00.000+08:00HI,
Your blog indeed provide a lot of information...HI,<br /><br />Your blog indeed provide a lot of information. Thanks for the effect. I like to know, I recently get some rights from the open market. After the nil paid trading, I made the payment for the rights. After the expected last date for application and payment of the warrant, I check my CDP account and found the rights no longer reflect in the account. Is this normal? or should the rights reflect in the account till it convert to mother share. Hope to hear from you soon. Thanksgeorgenoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-12201382772328905822009-01-23T03:06:00.000+08:002009-01-23T03:06:00.000+08:00You'll know it latest by 30th, I think. That's the...You'll know it latest by 30th, I think. That's the expected date of issuance of rights shares. A faster way is to check your bank account to see if there's a refund of the monies that you used to apply for the excess rights. No refund means the excess rights are yours.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-65861035249279392592009-01-23T02:20:00.000+08:002009-01-23T02:20:00.000+08:00When do i know that my application for excess righ...When do i know that my application for excess right result?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-15608281484880576992009-01-16T22:15:00.000+08:002009-01-16T22:15:00.000+08:00Oh..opps sorri..I guess i missed out on that comme...Oh..opps sorri..I guess i missed out on that comment =)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-3746564210426748192009-01-16T21:41:00.000+08:002009-01-16T21:41:00.000+08:00Hi Toiletsiao,Thks for pointing out my mistakes. S...Hi Toiletsiao,<BR/><BR/>Thks for pointing out my mistakes. Someone already pointed out much earlier (in one of these comments and I acknowledged it already). You're right, the share price is already adjusted upon XR.<BR/><BR/>My mistake, so sorry about that!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-41157394475137705232009-01-16T21:35:00.000+08:002009-01-16T21:35:00.000+08:00Hi La Papillion, Nice work here... However I would...Hi La Papillion,<BR/><BR/> Nice work here... However I would like to point out an error in your blog post about the Theoretical Price of the DBS shares when the rights are trading as shares on 2nd Feb 2009. <BR/><BR/>Actually The price now is already recalculated as the diluted price already upon XR on 29th Dec.<BR/><BR/>Theres no need to apply the formula on the current share price again when then rights become shares on 2th FebAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-73954940365781964152009-01-13T00:19:00.000+08:002009-01-13T00:19:00.000+08:00Just wanted to know that what is the chances for o...Just wanted to know that what is the chances for one to successfully subscribe the 1/2 lot of excess right?<BR/><BR/>ANS: It depends on a myriad of factors, like whether you have odd lots, no. of pple not accepting the rights etc...I really don't know. But when I did applied for my excess rights for Pac Andes, I got it. Not like it means anything for this DBS rights exercise though. Just trying to tell you that there's a chance, but it's unknown.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-16966665543272773482009-01-13T00:06:00.000+08:002009-01-13T00:06:00.000+08:00Hi la papilion,Just wanted to know that what is th...Hi la papilion,<BR/><BR/>Just wanted to know that what is the chances for one to successfully subscribe the 1/2 lot of excess right?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-90342922657075282322009-01-12T23:13:00.000+08:002009-01-12T23:13:00.000+08:00Hi anon 10:59:00 PM,It's lodged electronically in ...Hi anon 10:59:00 PM,<BR/><BR/>It's lodged electronically in sgx announcement site for DBS. I fact, if you read my earlier comments, I've also posted the link somewhere too.<BR/><BR/>But to answer your questions, no, you won't get a copy. It had been sent out to shareholders already.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-77017055368037997242009-01-12T22:59:00.000+08:002009-01-12T22:59:00.000+08:00Will I get a copy of OIS if I bought a lot of DBR ...Will I get a copy of OIS if I bought a lot of DBR R shares from the open market?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-13494000947347799602009-01-12T22:46:00.000+08:002009-01-12T22:46:00.000+08:00Please clear my doubt, as i have 500 shares of DBS...Please clear my doubt, as i have 500 shares of DBS Right.Today i went to ATM to subcribe it and i also applied for another 500 Excess Right.I noticed that the deducted money from my account was only $5422.That was pretty cheap as i thought i suppose to pay as below :<BR/>1/2 lot of Right => $5420/2 = $2710<BR/>and<BR/>1/2 lot of Share price at Market value, which is about $8150/2.<BR/><BR/><BR/>ANS: It seems from your description that you didn't buy from the open market, meaning from the counter DBS R or DBS R500, am I right? You mentioned '1/2 lot of share price at market value' - but if you didn't buy from those 2 counters that I mentioned, what's the market value have to do with the rights share? I'm not sure how you get the 8150 too. Do explain.<BR/><BR/>If you are entitled to 500 rights shares, and you applied for another 500 of excess rights, then you'll have 1000 shares of rights to pay. Each cost 5.42, hence, 1000 x 5.42 = $5420, which is the amt that is deducted.<BR/><BR/>If in doubt, do read the OIS, esp the E section. It'll have all the different scenarios that investors may face. I didn't read it, since I'm not the shareholder, nor am I holding any rights shares.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-89888928227102832712009-01-12T16:31:00.000+08:002009-01-12T16:31:00.000+08:00Hi La papilion,Please clear my doubt, as i have 50...Hi La papilion,<BR/><BR/>Please clear my doubt, as i have 500 shares of DBS Right. <BR/>Today i went to ATM to subcribe it and i also applied for another 500 Excess Right. <BR/>I noticed that the deducted money from my account was only $5422.<BR/>That was pretty cheap as i thought i suppose to pay as below :<BR/>1/2 lot of Right => $5420/2 = $2710<BR/>and<BR/>1/2 lot of Share price at Market value, which is about $8150/2.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-65546555646281275892009-01-12T14:06:00.000+08:002009-01-12T14:06:00.000+08:00Hi,1. What do recommend is the best course of acti...Hi,<BR/><BR/>1. What do recommend is the best course of action for me to keep my costs minimal?<BR/><BR/>a. Can I just retain the DBSR500 rights and sell them off when they go up sometime - either now or later or would they be worthless once the rights issue is subscribed ?<BR/><BR/>ANS: I think if you have no intention to pick it up, you should sell it. Treat it like trading a counter. Do take note the nil-paid rights will cease trading on 14th Jan at 5pm. After which, you're stuck with it. I suggest you quickly dispose of it in between now till 14th Jan. <BR/><BR/>If you do not accept the rights by paying 5.42 per rights share, the rights you bought will be deemed worthless. If you do pay up, the rights will be converted to DBS ordinary shares on 2nd Feb.<BR/><BR/><BR/>2. Would I be subjected to brokerage charges for both the DBSR500 purchase and again when I convert them to normal DBS shares?<BR/><BR/>ANS: You'll be subjected to brokerage charges on the DBSR500 purchase, BUT not when you convert to DBS shares when paying 5.42 per rights shares.<BR/><BR/>Hey, next time, don't do silly things like this. It's dangerous and nerve wrecking, not to mention it's wallet breaking too.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-54296355155794872522009-01-12T12:58:00.000+08:002009-01-12T12:58:00.000+08:00Dear anyone,I bought 500 DBSR500 @$2.65 today. I w...Dear anyone,<BR/><BR/>I bought 500 DBSR500 @$2.65 today. I was clueless on what they were, honestly.<BR/><BR/>After reading your post, I got some idea that I have to pay up another $5.42 per DBSR if I want to convert to the mother share.<BR/><BR/>1. What do recommend is the best course of action for me to keep my costs minimal?<BR/><BR/>a. Can I just retain the DBSR500 rights and sell them off when they go up sometime - either now or later or would they be worthless once the rights issue is subscribed ?<BR/><BR/>2. Would I be subjected to brokerage charges for both the DBSR500 purchase and again when I convert them to normal DBS shares?<BR/><BR/>ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-43924660282006831722009-01-11T22:32:00.000+08:002009-01-11T22:32:00.000+08:00Do you know whether I can start paying the $5.42 t...Do you know whether I can start paying the $5.42 today instead of waiting till closer to te 20 Jan?<BR/><BR/>ANS: Yes, you can. The last date is 20th Jan.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-62600177173775222562009-01-11T22:29:00.000+08:002009-01-11T22:29:00.000+08:00What if I bought a DBS R shares on mon (12 Jan) an...What if I bought a DBS R shares on mon (12 Jan) and do not pay up by T+3?<BR/><BR/>ANS: Then like all shares, your holdings will be forced sold by your broker. Perhaps subject to penalties too.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-21855281960162895832009-01-11T19:03:00.000+08:002009-01-11T19:03:00.000+08:00Hi,Do you know whether I can start paying the $5.4...Hi,<BR/><BR/>Do you know whether I can start paying the $5.42 today instead of waiting till closer to te 20 Jan?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-91236425215067704542009-01-11T16:15:00.000+08:002009-01-11T16:15:00.000+08:00Hi,What if I bought a DBS R shares on mon (12 Jan)...Hi,<BR/><BR/>What if I bought a DBS R shares on mon (12 Jan) and do not pay up by T+3?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-43174541378217049942009-01-11T13:03:00.000+08:002009-01-11T13:03:00.000+08:00Hi anon,Please answer one more query about DBSR bu...Hi anon,<BR/><BR/>Please answer one more query about DBSR buy in open market. Cost of DBSR paid to brokerage house. How about the amount -convert rights to share S$5.42 /spare - brokerage house or CDP?<BR/><BR/>ANS: I'll give an example. Say you buy 1 lot of DBS R at $3.00. That means you have to pay 3 x 1000 = $3000 (exclude brokerage for simplicity) for the rights that you buy from the open market. Before the last day for the acceptance and payment of the rights, you'll have to pay $5.42 per rights share to convert them to ordinary shares. This is means another 5.42 x 1000 = $5420. No brokerage charges for this.<BR/><BR/>In total you need to pay 3000 + 5420 = $8420 per lot (exclude brokerage). Which means that if you wish to cash out after all this hullabaloo, you need the DBS mother share to be above $8.42 before you break even. Add a few more cents to cover brokerage for the selling too.<BR/><BR/>This is vastly different if you are an existing shareholder before DBS went XR, in which you are entitled to the rights. In other words, the rights are already given to you, hence you do not have to pay the $3000 to buy it off the open market. However, the 5.42 per right share to convert is still applicable, hence you just need to pay $5420 per lot.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-45721575020925086702009-01-11T11:54:00.000+08:002009-01-11T11:54:00.000+08:00Dear LP,Please answer one more query about DBSR bu...Dear LP,<BR/>Please answer one more query about DBSR buy in open market. Cost of DBSR paid to brokerage house. How about the amount -convert rights to share S$5.42 /spare - brokerage house or CDP?<BR/><BR/>With rgds and thanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-61337170735058082542009-01-10T00:54:00.000+08:002009-01-10T00:54:00.000+08:00What if I have paid for the rights by T+3 and not ...What if I have paid for the rights by T+3 and not paid for the conversion by 20 Jan?<BR/><BR/>ANS: Then you just bought yourself some useless but expensive electronic scrips.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.com