Pls comment on HNB.R

dilz · 1 Pls comment on HNB.R Wed Jul 20, 2011 12:53 am

dilz

Equity Analytic

Posts : 49
Equity Stars : 4770
Reputation : 1
Join date : 2011-06-24

I bought some in the morning.is tomorrow the last day to trade in to shares?/

I bought at 10.waht are your views?will it go up?

xhora · 2 Re: Pls comment on HNB.R Wed Jul 20, 2011 1:14 am

xhora

Senior Manager - Equity Analytics

Posts : 498
Equity Stars : 5395
Reputation : 70
Join date : 2011-04-24
Age : 35
Location : Colombo

may go down but depend purely on future prices of HNB.N
as you can see at the current price of 210 for HNB.N with 1:10 right issue for 219.5 average price per share is only 210.8

[210X10+219.5]/11 = 210.86
so buying rights even at 0 does not make sense because you can buy lower from the market.

In HNB.X case average price is 119.8 (right is 119.5) so worth of NHB.R1 is only 0.3

if you decided to keep these it's like you have purchased it for 10+219.5 = 229.5 per share. And please make it a habit to look into the real value of a right before buying it.

dilz · 3 Re: Pls comment on HNB.R Wed Jul 20, 2011 1:15 am

dilz

Equity Analytic

Posts : 49
Equity Stars : 4770
Reputation : 1
Join date : 2011-06-24

i dont wna buy the share.i want to sell these rights

dilz · 4 Re: Pls comment on HNB.R Wed Jul 20, 2011 1:17 am

dilz

Equity Analytic

Posts : 49
Equity Stars : 4770
Reputation : 1
Join date : 2011-06-24

so y does the R get such a high price?

Fresher · 5 Re: Pls comment on HNB.R Wed Jul 20, 2011 7:30 am

Fresher

Moderator

Posts : 1498
Equity Stars : 7505
Reputation : 163
Join date : 2011-02-04

dilz wrote:so y does the R get such a high price?

you should ask why you bought at the price! it's you who bid for it!

smallville · 6 Re: Pls comment on HNB.R Wed Jul 20, 2011 7:34 am

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10100
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

npp wrote:

dilz wrote:so y does the R get such a high price?

you should ask why you bought at the price! it's you who bid for it!

That's correct... At least bought in the range of 5-6 and sell off at 10 Wink

Utter waste.. U should log into the chat at least if you've no clue..

Think9 · 7 Re: Pls comment on HNB.R Wed Jul 20, 2011 8:06 am

Think9

Senior Manager - Equity Analytics

Posts : 449
Equity Stars : 5324
Reputation : 63
Join date : 2011-06-09
Location : cmb

i feel better to study the tradin pattern of HNB.R and get out of it really soon..

[210X10+219.5]/11 = 210.86
so buying rights even at 0 does not make sense because you can buy lower from the market.

I lost 30,000 right away from LDEV.R after buyin at 10 cents thinking that it will nt come to "0". but it did and i lost all . hope u wont face the same thing. so be little bit cautious .

just a small tip : : hardly u see rights go on a 2nd run.. im sure u ve bought when it was comin down but once in a blue moon u see it picks up again.Specially when there s no value in it.
[i]

Hiru · 8 Re: Pls comment on HNB.R Wed Jul 20, 2011 9:25 am

Hiru

Manager - Equity Analytics

Posts : 274
Equity Stars : 5129
Reputation : 31
Join date : 2011-04-24

In few days time there would be so many posts saying that I lost this much from HNB rights..........no wonder once again the Knowledge Gap between investors and sometimes the greedy reactions have made the life difficult for retailers.

mingo23 · 9 Re: Pls comment on HNB.R Wed Jul 20, 2011 10:10 am

mingo23

Equity Analytic

Posts : 49
Equity Stars : 4912
Reputation : 0
Join date : 2011-02-06

Can any one tell me when is the last date of trading for HNB.R ?

gayannadeeka · 10 Re: Pls comment on HNB.R Wed Jul 20, 2011 10:21 am

gayannadeeka

Manager - Equity Analytics

Posts : 110
Equity Stars : 4933
Reputation : 6
Join date : 2011-03-24
Age : 40
Location : Colombo

Rights Issue (Voting and Non-Voting)
06 June 2011

HATTON NATIONAL BANK PLC
Company ID: - HNB
Date of Initial Announcement: - 01-Jun-2011
Proportion: - One (01) new ordinary share for every ten (10) shares held
Issue Price: - Rs.219.50/- (Voting)
Issue Price: - Rs.119.50/- (Non - Voting)
Qty Offered (Voting): - 28,740,020 or such other higher number consequent to the exercise of options under ESOS.
Qty Offered (Non - Voting): - 7,013,916 or such other higher number consequent to the exercise of options under ESOS.
General Meeting & Provisional Allotment: - 01.July.2011
XR:- 04-July-2011
Dispatch of Provisional Letter of Allotment: - 08.July.2011
Rights Trading Commences on:- 15.July.2011
Renunciation:- 22.July.2011
Last Date of Acceptance & Payment:- 25.July.2011

sankaran · 11 Re: Pls comment on HNB.R Fri Jul 22, 2011 3:41 pm

sankaran

Stock Trader

Posts : 1
Equity Stars : 4669
Reputation : 0
Join date : 2011-07-22

Hi,
I have a small question regading HNB.R.
I bought some HNB.R, is that mean i must buy HNB ordinary shares? or can i avoid it?

Thanks.

Fresher · 12 Re: Pls comment on HNB.R Fri Jul 22, 2011 3:44 pm

Fresher

Moderator

Posts : 1498
Equity Stars : 7505
Reputation : 163
Join date : 2011-02-04

sankaran wrote:Hi,
I have a small question regading HNB.R.
I bought some HNB.R, is that mean i must buy HNB ordinary shares? or can i avoid it?

Thanks.

you can pay 219.50/- or 119.50/- depending on R0000 or R0001 to convert to voting or non voting share

if you do not pay your broker on monday for the conversion you will not have rights nor the shares

so yes as an option you can avoid it

ABEST · 13 Re: Pls comment on HNB.R Fri Jul 22, 2011 4:13 pm

ABEST

Senior Manager - Equity Analytics

Posts : 556
Equity Stars : 5745
Reputation : 14
Join date : 2011-06-26

brother here see
Rights Issue (Voting and Non-Voting)

06 June 2011

HATTON NATIONAL BANK PLC
Company ID: - HNB
Date of Initial Announcement: - 01-Jun-2011
Proportion: - One (01) new ordinary share for every ten (10) shares held
Issue Price: - Rs.219.50/- (Voting)
Issue Price: - Rs.119.50/- (Non - Voting)
Qty Offered (Voting): - 28,740,020 or such other higher number consequent to the exercise of options under ESOS.
Qty Offered (Non - Voting): - 7,013,916 or such other higher number consequent to the exercise of options under ESOS.
General Meeting & Provisional Allotment: - 01.July.2011
XR:- 04-July-2011
Dispatch of Provisional Letter of Allotment: - 08.July.2011
Rights Trading Commences on:- 15.July.2011
Renunciation:- 22.July.2011
Last Date of Acceptance & Payment:- 25.July.2011

if you like to convert as normal share
last date 25.07.2011
contact with your adviser immeditely