RIGHTS ISSUE (DATES)
BLUE.N dan tiyen thathwe anuwa,BLUE.Nt wada BLUE.X HONDAI
X huge selling pressure will come , but N go up quick not much selling pressure
N is good if we need to take Rights because rights price 1.30 after adjustment we can sell Rights paper also with profit.
last few years history says BLUE.N jump quick
X is good if they cancel then rights
but X is good you can buy more qty and make more profit even 10cts up
Jana ..Plz educate me how sell the rights paper...??
26 November 2014
(VOTING / NON-VOTING)
Date of Initial Announcement: - 16.Oct.2014
Proportion: - One (1) new ordinary voting share for every existing one (1) ordinary voting share
One (1) new ordinary non-voting share for every existing one (1) ordinary non-voting share
Issue Price: - Rs. 1.30 (Voting) / Rs. 0.75 (Non-Voting)
Qty Offered: - 103,300,891 (Voting) / 153,369,800 (Non-Voting)
General Meeting / Provisional Allotment: - 16.Dec.2014
Date EX: - 17.Dec.2014
Dispatch of Provisional Letter of Allotment: - 23.Dec.2014
Rights Trading Commences on: - 30.Dec.2014
Renunciation: - 08.Jan.2015
Last Date of Acceptance & Payment: - 09.Jan.2015
Share Transfer Book Open////////
Ok here this is the announcement for the BLUE...
***XR means I think you know... any how XR means who have the shares on their portfolio before on that date then they are entitled to get the rights
***So they will receive the Provisional Letter of Allotment
by post... this will show how many rights you can get it
***according to this Rights announcement they said they will dispatch this letter on 23 dec 2014.
***then you take immediate action after you receive this letter you should separate the additional rights application part and keep it with you
and sign and lodge the rights paper with your broker (just sign and take it to the broker firm and hand it over to your adviser and tell them to lodge in your account)
***then you will see in your portfolio on rights trading commence day it says like BLUE.R0000 ( if it is blue)
*** then from that day to until Renunciation date you can play with the rights ( ok if we say you buy 100 000 BLUE @ 2/= then you will get 100 000 rights ....
after rights date BLUE.N will come down because of adjustment price level ...
it means when you buy 1 blue.n @ 2/= then your rights price 1.30 so 2 shares cost 3.30 then share price after rights 1.65 so it can be trade 1.70 or 1.60 .. if it is 1.60 then you can sell your rights paper for 0.30cts because your rights cost 1.30 paper cost 0.30cts then 1.60 normal price ) if it is 1.70 then your paper 0.40cts worth
I think you got it now..
if you couldn't sell your rights paper before Renunciation date then you should pay on payment date which is next day of Renunciation date ..
even you can buy and sell these papers from the market without taking rights
additional share application you can apply for additional shares it cost only 1.30 so some companies will offer these . if you got it then you can make good gain .... but not sure all the time , some time if they didn't offer you will waste your time.... not money.. beofre you apply additional shares you need to check major share holders list if the company hold huge qty then possible is there to offer additional shares becasue most of the company don't pay and take their rights just offer as addtional Careful... Careful... Careful Note: but should workout hard and study the particular share trading trend otherwise you will loose lot of money from the rights trade ////////