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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » UNISYST ENGINEERING PLC (ALUF.N0000)

UNISYST ENGINEERING PLC (ALUF.N0000)

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1UNISYST ENGINEERING PLC (ALUF.N0000) Empty ALUF.R what next? Sat Sep 10, 2011 7:48 pm

troy

troy
Moderator
Moderator
I bought some ALUF.R and im willing to pay Rs. 38 and keep the share? Adivise me the process pls.. what should I do on 12th/13th?

2UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 10:09 am

ABEST


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Date of Announcement: - 06.Jun.2011
Proportion: - Two (02) new ordinary shares for every One (01) ordinary shares held
Issue Price: - Rs. 38.00/-
Qty Offered: - 8,038,800
EGM Provisional Allotment: - 23.Aug.2011
XR: - 24.Aug.2011
Dispatch of Provisional Letter of Allotment: - 29.Aug.2011
Rights Trading Commences on: - 05. Sep.2011
Renunciation: - 12.Sep.2011
Last Date of Acceptance & Payment: - 13. Sep.2011

***************************keep your eye last date of acceptance
Last Date of Acceptance & Payment: - 13. Sep.2011

ALUF N now 77.00
ALUF R now 13.50
R issue price 38.00
total cost for R = 38.00+13.50
---------------------=51.50
sometime it is come down when rights list time(ordinary shares)

3UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 12:59 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
If the price is now 77, if you calculate the price level which is expected after the rights are converted to shares;
it would be like (77+38*2)/3 = Rs. 51/- for a person purchased ALUF before XR date.

So if you bought 1000 shares @ 77 your total cost is
77*1000 = 77000
38*2000 = 76000
total = Rs. 153000 for 3000 shares. Which is 51..

But for a person who bought ALUF.R @ 15 his convertion rate for a share is (15+38) = 53
So 3000 shares; 3000*(15+38) = Rs. 159000

So after rights if share could trade @ 51-53 range, there's not much of a advantage..
But if you bought this below 73, converting rights would make sense Wink

4UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 1:31 pm

investor1984

investor1984
Manager - Equity Analytics
Manager - Equity Analytics
@smallville wrote:If the price is now 77, if you calculate the price level which is expected after the rights are converted to shares;
it would be like (77+38*2)/3 = Rs. 51/- for a person purchased ALUF before XR date.

So if you bought 1000 shares @ 77 your total cost is
77*1000 = 77000
38*2000 = 76000
total = Rs. 153000 for 3000 shares. Which is 51..

But for a person who bought ALUF.R @ 15 his convertion rate for a share is (15+38) = 53
So 3000 shares; 3000*(15+38) = Rs. 159000

So after rights if share could trade @ 51-53 range, there's not much of a advantage..
But if you bought this below 73, converting rights would make sense Wink

I dont get u Small.... Buying ALUF.N now wont make us entitle for the rights... so whats this benchmark u putting @ 73???? how come the investment become worth if someone buys under 73???? no one has go that high, no need to buy N , just buy R @ 15 & convert it paying 38 . maximum is 53 . what is this ur calculation??? it make no sense me.

5UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 1:46 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@investor1984 wrote:
@smallville wrote:If the price is now 77, if you calculate the price level which is expected after the rights are converted to shares;
it would be like (77+38*2)/3 = Rs. 51/- for a person purchased ALUF before XR date.

So if you bought 1000 shares @ 77 your total cost is
77*1000 = 77000
38*2000 = 76000
total = Rs. 153000 for 3000 shares. Which is 51..

But for a person who bought ALUF.R @ 15 his convertion rate for a share is (15+38) = 53
So 3000 shares; 3000*(15+38) = Rs. 159000

So after rights if share could trade @ 51-53 range, there's not much of a advantage..
But if you bought this below 73, converting rights would make sense Wink

I dont get u Small.... Buying ALUF.N now wont make us entitle for the rights... so whats this benchmark u putting @ 73???? how come the investment become worth if someone buys under 73???? no one has go that high, no need to buy N , just buy R @ 15 & convert it paying 38 . maximum is 53 . what is this ur calculation??? it make no sense me.


Might be small oversight. The XR date passed and ..

buying ALUF.N at market price now at Rs 77 does not make sense. When rights trade around Rs 15 with conversion it will be Rs 38+15=Rs 53.


ps : Only thing I hope for the people who even purchase rights now, is that the share price will not drop more than Rs 53 after rights are converted and come to market. let hope not. Hope we won;t see a LDEV situation happening again.

6UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 2:02 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@investor1984 wrote: I dont get u Small.... Buying ALUF.N now wont make us entitle for the rights... so whats this benchmark u putting @ 73???? how come the investment become worth if someone buys under 73???? no one has go that high, no need to buy N , just buy R @ 15 & convert it paying 38 . maximum is 53 . what is this ur calculation??? it make no sense me.

It makes no sense to you cuz u didnt read between lines mate.. Was I talking abt buyin ALUF now??? Look at the below last line..

@smallville wrote:
But if you bought this below 73, converting rights would make sense Wink

I was telling IF YOU BOUGHT (means u did already buy it) below 73, and if u COVERT THE RIGHTS too, ur overall cost would be below 51 so it would allow u to sell ur shares at a profit now..

Reading something properly still makes sense Wink

7UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 2:15 pm

investor1984

investor1984
Manager - Equity Analytics
Manager - Equity Analytics
@smallville wrote:
@investor1984 wrote: I dont get u Small.... Buying ALUF.N now wont make us entitle for the rights... so whats this benchmark u putting @ 73???? how come the investment become worth if someone buys under 73???? no one has go that high, no need to buy N , just buy R @ 15 & convert it paying 38 . maximum is 53 . what is this ur calculation??? it make no sense me.

It makes no sense to you cuz u didnt read between lines mate.. Was I talking abt buyin ALUF now??? Look at the below last line..

@smallville wrote:
But if you bought this below 73, converting rights would make sense Wink

I was telling IF YOU BOUGHT (means u did already buy it) below 73, and if u COVERT THE RIGHTS too, ur overall cost would be below 51 so it would allow u to sell ur shares at a profit now..

Reading something properly still makes sense Wink

In your hypothetical situation u dont have to covert rights and sell voting to gain profit, u can just sell the Voting share and u can also trade the right, mind u right trade @ 50 on first day. Small u may be smart, but u dont have create hypothetical situation when actual facts are figures are their mate.

8UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 2:28 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@investor1984 wrote:
@smallville wrote:
@investor1984 wrote: I dont get u Small.... Buying ALUF.N now wont make us entitle for the rights... so whats this benchmark u putting @ 73???? how come the investment become worth if someone buys under 73???? no one has go that high, no need to buy N , just buy R @ 15 & convert it paying 38 . maximum is 53 . what is this ur calculation??? it make no sense me.

It makes no sense to you cuz u didnt read between lines mate.. Was I talking abt buyin ALUF now??? Look at the below last line..

@smallville wrote:
But if you bought this below 73, converting rights would make sense Wink

I was telling IF YOU BOUGHT (means u did already buy it) below 73, and if u COVERT THE RIGHTS too, ur overall cost would be below 51 so it would allow u to sell ur shares at a profit now..

Reading something properly still makes sense Wink

In your hypothetical situation u dont have to covert rights and sell voting to gain profit, u can just sell the Voting share and u can also trade the right, mind u right trade @ 50 on first day. Small u may be smart, but u dont have create hypothetical situation when actual facts are figures are their mate.

Obviously you can sell shares and rights both, provided that u were lucky enuf to catch this at a lower price and u know how to calculate the overall cost involved in the case.. Well everything should not be spoonfed know.. once an example is provided ppl should be able to calculate their own scenario and make decisions..
There's no hypothetical siutation mate.... Just an example what if you've bought shares @ 77..

9UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 2:44 pm

retailinvest


Stock Analytic
Stock Analytic
Guys there was no way to buy ALUF.N in the 70s with rights. It was trading at 130s the day before XR came to 70s only after it XR.
Actualy i was lucky with this one i bought 8000 shares of N at 135 and sold them at 88 XR. And i sold my 16000 rights at ranging from 42 to 51 (average 46)

10UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 3:07 pm

investor1984

investor1984
Manager - Equity Analytics
Manager - Equity Analytics
@retailinvest wrote:Guys there was no way to buy ALUF.N in the 70s with rights. It was trading at 130s the day before XR came to 70s only after it XR.
Actualy i was lucky with this one i bought 8000 shares of N at 135 and sold them at 88 XR. And i sold my 16000 rights at ranging from 42 to 51 (average 46)


Exactly mate, seems small didnt know that. he just taking some figures out of no where and try to be smart.

11UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 3:09 pm

investor1984

investor1984
Manager - Equity Analytics
Manager - Equity Analytics
@smallville wrote:
@investor1984 wrote:
@smallville wrote:
@investor1984 wrote: I dont get u Small.... Buying ALUF.N now wont make us entitle for the rights... so whats this benchmark u putting @ 73???? how come the investment become worth if someone buys under 73???? no one has go that high, no need to buy N , just buy R @ 15 & convert it paying 38 . maximum is 53 . what is this ur calculation??? it make no sense me.

It makes no sense to you cuz u didnt read between lines mate.. Was I talking abt buyin ALUF now??? Look at the below last line..

@smallville wrote:
But if you bought this below 73, converting rights would make sense Wink

I was telling IF YOU BOUGHT (means u did already buy it) below 73, and if u COVERT THE RIGHTS too, ur overall cost would be below 51 so it would allow u to sell ur shares at a profit now..

Reading something properly still makes sense Wink

In your hypothetical situation u dont have to covert rights and sell voting to gain profit, u can just sell the Voting share and u can also trade the right, mind u right trade @ 50 on first day. Small u may be smart, but u dont have create hypothetical situation when actual facts are figures are their mate.

Obviously you can sell shares and rights both, provided that u were lucky enuf to catch this at a lower price and u know how to calculate the overall cost involved in the case.. Well everything should not be spoonfed know.. once an example is provided ppl should be able to calculate their own scenario and make decisions..
There's no hypothetical siutation mate.... Just an example what if you've bought shares @ 77..


aiyo small, can you pls check the ALUF trade prices before XR , dont take figures out of no where and give examples which make no sense .

12UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 3:16 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@retailinvest wrote:Guys there was no way to buy ALUF.N in the 70s with rights. It was trading at 130s the day before XR came to 70s only after it XR.
Actualy i was lucky with this one i bought 8000 shares of N at 135 and sold them at 88 XR. And i sold my 16000 rights at ranging from 42 to 51 (average 46)

SO if this was trading at 130s before XD;

The expected XR price was - (130+38*2)/3 = 68.7

taking you example as the base;

Initial Investment = 1080000

Share Selling price = 704000
Rights Selling Price = 736000
Total Sales = 1440000
Profit = 360000
So if this is now trading at 70+ the price has already adjusted and unless this goes up more listening of new shares may bring the N price down after listening.. anyways this is CSE, so anything is possible..




Last edited by smallville on Sun Sep 11, 2011 3:39 pm; edited 1 time in total

13UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 3:20 pm

winner2011


Stock Analytic
Stock Analytic
@smallville wrote:
@retailinvest wrote:Guys there was no way to buy ALUF.N in the 70s with rights. It was trading at 130s the day before XR came to 70s only after it XR.
Actualy i was lucky with this one i bought 8000 shares of N at 135 and sold them at 88 XR. And i sold my 16000 rights at ranging from 42 to 51 (average 46)

SO if this was trading at 130s before XD;

The expected XR price was - (130+38*2)/3 = 68.7

taking you example as the base;

Initial Investment = 1080000

Share Selling price = 704000
Rights Selling Price = 736000
Total Sales = 1440000
Profit = 360000

So if this is now trading at 70+ the price has already adjusted and unless this goes up more listening of new shares may bring the N price down after listening.. anyways this is CSE, so anything is possible..




@ smallville... but looking at the fridays trading pattern of ALUF.N , what i feel is that someone trying to push up the price of N to just the give other impression of ALUF is goin up and so will the R too. After mondays trading i think aluf will go below 50 , actually the actual value of the ALUF.N should be Rs 38, thats what directors say, they convert their bedt at the rate of Rs 38 , so why in the world are paying cent more than that????

14UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 3:29 pm

retailinvest


Stock Analytic
Stock Analytic
Total cost = 8000 * 135 = 1,080,000
Total revenue = (8000 * 88) from N + (16,000 * 46) from rights = 1,440,000
So profit is Rs. 360,000.
Bdw none of us have answred the initial question of the poster. Mate you need to pay the money due on your rights (38 * number of rights u have) to your BROKER ( if u purchased rights from the market) on or before 13 the Sep.

15UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 3:41 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@retailinvest wrote:Total cost = 8000 * 135 = 1,080,000
Total revenue = (8000 * 88) from N + (16,000 * 46) from rights = 1,440,000
So profit is Rs. 360,000.
Bdw none of us have answred the initial question of the poster. Mate you need to pay the money due on your rights (38 * number of rights u have) to your BROKER ( if u purchased rights from the market) on or before 13 the Sep.

Ah.. I corrected mine.. thanks for highlighting Wink

Yes ultimately we wre just doing calculation and the initial question has been left unanswered.. so thanks for reminding and answering ..

16UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 4:03 pm

retailinvest


Stock Analytic
Stock Analytic
You are welcome mate. Bdw i think buying ALUF rights from the market around Rs. 12 could give a decent return. Specialy because this share is illiquid. As you pointed out the theorotical XR price was 68 or 69 but it was pushed to 94 on that morning. So the same could happen when rights come into the market. But I wouldnt advice anyone to buy caz of the high risk.

17UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 4:14 pm

Tissa


Manager - Equity Analytics
Manager - Equity Analytics
ALUF R will make different on monday.....I personally think ALUF R better to buy at this price level. pls advice me....

18UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 7:30 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Tissa wrote:ALUF R will make different on monday.....I personally think ALUF R better to buy at this price level. pls advice me....

U can see the workouts in earlier threads, buying at a higher price is not guaranteed.. Its your call..U have to calculate your risks and enter if u want..
However I wont invest in ALUF. Wink

19UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Sun Sep 11, 2011 8:22 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Firend,
Will there be any downward of aluf N price after the conversation of rights to ordinary shares? If yes, it is unable to get a sufficient profit from rights. As I think people who got rights will sell them @ bid prices. It will be a reason for the downward of ordinary share prices. It will stop at about 53. But It is useless. Isn't it?

20UNISYST ENGINEERING PLC (ALUF.N0000) Empty Re: UNISYST ENGINEERING PLC (ALUF.N0000) Mon Sep 12, 2011 10:07 am

ashenrc


Stock Trader
my personal view is that ALUF.N will not dip below 50 before the listing of new shares, but after that i am a little doubtful.

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