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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Help with CSF

Help with CSF

3 posters

Go down  Message [Page 1 of 1]

1Help with CSF Empty Help with CSF Tue Mar 22, 2011 3:23 pm

Googly8484


Stock Trader

CSF (nation Lanka Fin) has sent a mail stating that they are offering rights at 1:3 ratio at the price of Rs 5 each.
The closing date for applications is 30th March.
1) But how come the CSF.R started trading today?
2) Since the share is trading ard 4.30 levels today, why should any one subscribe to the issue at Rs. 5.
Am I missing something ???
Can some one help me out to clarify the issue please.

2Help with CSF Empty Re: Help with CSF Tue Mar 22, 2011 3:32 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Googly8484 wrote:CSF (nation Lanka Fin) has sent a mail stating that they are offering rights at 1:3 ratio at the price of Rs 5 each.
The closing date for applications is 30th March.
1) But how come the CSF.R started trading today?
2) Since the share is trading ard 4.30 levels today, why should any one subscribe to the issue at Rs. 5.
Am I missing something ???
Can some one help me out to clarify the issue please.


The right issue is "Three (03) new ordinary shares for every two (02) shares held"
Issue Price:- Rs.5/- .

1) If you want to convert each right you have to a full share, you need to pay Rs 5 on or before payment date.
2) If one buys right from the stock market , they need to pay extra Rs 5 to convert to full sahre. So if one buy a right at Rs 4.3 then his total cost will be Rs4.3+5 = 9.3 to convert to full share.

3) Note that one can sell their rights on the stock market also before the renouciation date. This is what si happenign now

Hope this clarifies.

3Help with CSF Empty Re: Help with CSF Tue Mar 22, 2011 3:47 pm

Googly8484


Stock Trader

oh...thanks slstock. It clarifies my issue. Very Happy

bhagi


Stock Analytic
Stock Analytic

"The right issue is "Three (03) new ordinary shares for every two (02) shares held"
Issue Price:- Rs.5/- .

1) If you want to convert each right you have to a full share, you need to pay Rs 5 on or before payment date.
2) If one buys right from the stock market , they need to pay extra Rs 5 to convert to full sahre. So if one buy a right at Rs 4.3 then his total cost will be Rs4.3+5 = 9.3 to convert to full share.

3) Note that one can sell their rights on the stock market also before the renouciation date. This is what si happenign now

Hope this clarifies."


----------

if im eligble to 150 rights ,then do i have to pay 5 rs*150 to get them deposited in the cds?.....in the right acceptance application form they say its 5 rs per right....so if they hv given me 150 rights then do i have to pay 750 rs get them in my portfolio.....

but i also bought few rights today for around 4 rs....

now what do you guys think i hv to do...?.....applying for the rights through application form is still worth ?where now i can buy the rights for even less price?..please someone enlighten me...thanks..Smile

when will be the rights trading will end?

5Help with CSF Empty Re: Help with CSF Tue Mar 22, 2011 5:03 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

bhagi wrote:"The right issue is "Three (03) new ordinary shares for every two (02) shares held"
Issue Price:- Rs.5/- .

1) If you want to convert each right you have to a full share, you need to pay Rs 5 on or before payment date.
2) If one buys right from the stock market , they need to pay extra Rs 5 to convert to full sahre. So if one buy a right at Rs 4.3 then his total cost will be Rs4.3+5 = 9.3 to convert to full share.

3) Note that one can sell their rights on the stock market also before the renouciation date. This is what si happenign now

Hope this clarifies."


----------

if im eligble to 150 rights ,then do i have to pay 5 rs*150 to get them deposited in the cds?.....in the right acceptance application form they say its 5 rs per right....so if they hv given me 150 rights then do i have to pay 750 rs get them in my portfolio.....

but i also bought few rights today for around 4 rs....

now what do you guys think i hv to do...?.....applying for the rights through application form is still worth ?where now i can buy the rights for even less price?..please someone enlighten me...thanks..Smile

when will be the rights trading will end?


If already own rights and the company sent you the docs yes you need to Pay RS 5 to convert to full share. ( Ie if you own 150 rights you need to pay Rs 750 to convert to full share). If you buy from market like I said you need to stil lpay extra Rs 5 to convert to full share.

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