comb rights

philipson · 1 comb rights Tue Aug 09, 2011 1:23 am

philipson

Stock Trader

Posts : 7
Equity Stars : 4827
Reputation : 0
Join date : 2011-03-09

i bought 1000 comb.r0000 at 102/-. now it is at 51. please advise if i should sell or hold. thx

Monster · 2 Re: comb rights Tue Aug 09, 2011 2:54 am

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8181
Reputation : 279
Join date : 2011-01-22

Code:: Rights Issue (Voting & Non - Voting) 22 June 2011 Date of Initial Announcement: - 06-Jun-2011 Proportion: - One (01) new ordinary share for every fourteen (14) shares held Issue Price: - Rs.181.65/- (Voting) Issue Price: - Rs.130.13/- (Non - Voting) Qty Offered (Voting): - 25,474,200 or such other higher number consequent to the exercise of options under ESOS. Qty Offered (Non - Voting): - 1,745,494 General Meeting & Provisional Allotment: - 26.July.2011 XR:- 27-July-2011 Dispatch of Provisional Letter of Allotment: - 02.Aug.2011 Rights Trading Commences on:- 08.Aug.2011 Renunciation:- 15.Aug.2011 Last Date of Acceptance & Payment:- 16.Aug.2011

You have to pay Rs.181.65 additionally to convert it to ordinary share. So, totally you are paying Rs. 102.00 + Rs.181.65 = 283.65 per share, while market price for ordinary share is Rs. 244/-

lbnnirmal · 3 Re: comb rights Tue Aug 09, 2011 5:24 am

lbnnirmal

Senior Manager - Equity Analytics

Posts : 308
Equity Stars : 5141
Reputation : 14
Join date : 2011-07-07

What is the meaning of "Last Date of Acceptance & Payment" ??
Is it means investors can convert there rights to shares at given date ??
(according to this 16.Aug.2011 is the Last Date of Acceptance & Payment. So is that means this can converted to shares on that date?? )

ShareShares · 4 Re: comb rights Tue Aug 09, 2011 6:18 am

ShareShares

Assistant Vice President - Equity Analytics

Posts : 679
Equity Stars : 5677
Reputation : 152
Join date : 2011-02-02

COMB is another share attrating new liquid funds. crossing etc.

windi5 · 5 Re: comb rights Tue Aug 09, 2011 8:02 am

windi5

Moderator

Posts : 1549
Equity Stars : 7872
Reputation : 157
Join date : 2011-05-21

You have bought from well top. Be careful when dealing with Rights and Warrants. Any way you can convert them to Ordernary shares by paying Rs.181. Its a worth share to hold,they will have good quarter this time as well. I also got at 50. Hope it will have a run like in yesterday . I love you

2011_NewComer · 6 Re: comb rights Tue Aug 09, 2011 10:47 am

2011_NewComer

Senior Manager - Equity Analytics

Posts : 559
Equity Stars : 5560
Reputation : 77
Join date : 2011-03-10
Location : Colombo

Please tell me which is R0000 and which is R0001.
Which is for voting and which is for non voting?

Where is it mentioned?

thanks

windi5 · 7 Re: comb rights Tue Aug 09, 2011 10:55 am

windi5

Moderator

Posts : 1549
Equity Stars : 7872
Reputation : 157
Join date : 2011-05-21

R0000 mean right issued for Comb N. R0001 mean rights issued for Comb X

2011_NewComer · 8 Re: comb rights Tue Aug 09, 2011 11:05 am

2011_NewComer

Senior Manager - Equity Analytics

Posts : 559
Equity Stars : 5560
Reputation : 77
Join date : 2011-03-10
Location : Colombo

thanks Windi Smile

lbnnirmal · 9 Re: comb rights Tue Aug 09, 2011 11:11 am

lbnnirmal

Senior Manager - Equity Analytics

Posts : 308
Equity Stars : 5141
Reputation : 14
Join date : 2011-07-07

Monster wrote:

Code:

Rights Issue (Voting & Non - Voting) 22 June 2011 Date of Initial Announcement: - 06-Jun-2011 Proportion: - One (01) new ordinary share for every fourteen (14) shares held Issue Price: - Rs.181.65/- (Voting) Issue Price: - Rs.130.13/- (Non - Voting) Qty Offered (Voting): - 25,474,200 or such other higher number consequent to the exercise of options under ESOS. Qty Offered (Non - Voting): - 1,745,494 General Meeting & Provisional Allotment: - 26.July.2011 XR:- 27-July-2011 Dispatch of Provisional Letter of Allotment: - 02.Aug.2011 Rights Trading Commences on:- 08.Aug.2011 Renunciation:- 15.Aug.2011 Last Date of Acceptance & Payment:- 16.Aug.2011

You have to pay Rs.181.65 additionally to convert it to ordinary share. So, totally you are paying Rs. 102.00 + Rs.181.65 = 283.65 per share, while market price for ordinary share is Rs. 244/-

Hay is it stated trading at CSE?? Still we can't see that in CSE site isn't it??

windi5 · 10 Re: comb rights Tue Aug 09, 2011 11:17 am

windi5

Moderator

Posts : 1549
Equity Stars : 7872
Reputation : 157
Join date : 2011-05-21

can see. type comb.roooo and search. right trading started in yesterday and will end on 15th august

lbnnirmal · 11 Re: comb rights Tue Aug 09, 2011 11:26 am

lbnnirmal

Senior Manager - Equity Analytics

Posts : 308
Equity Stars : 5141
Reputation : 14
Join date : 2011-07-07

windi5 wrote:can see. type comb.roooo and search. right trading started in yesterday and will end on 15th august

I can see it only from brokers online trading page. But when I try to see it in CSE it gives me error call "ERROR: The stock code you entered is invalid" Sad

I put code as you say "comb.roooo"

2011_NewComer · 12 Re: comb rights Tue Aug 09, 2011 11:39 am

2011_NewComer

Senior Manager - Equity Analytics

Posts : 559
Equity Stars : 5560
Reputation : 77
Join date : 2011-03-10
Location : Colombo

lbnnirmal wrote:

windi5 wrote:can see. type comb.roooo and search. right trading started in yesterday and will end on 15th august

I can see it only from brokers online trading page. But when I try to see it in CSE it gives me error call "ERROR: The stock code you entered is invalid" I put code as you say "comb.roooo"

In CSE search for Comb. then you'll get all the list of things related to comb. From there select r000 or r0001

Smile

windi5 · 13 Re: comb rights Tue Aug 09, 2011 11:40 am

windi5

Moderator

Posts : 1549
Equity Stars : 7872
Reputation : 157
Join date : 2011-05-21

cant be its working properly. After r0000 (those are zeros)

Chinwi · 14 Re: comb rights Tue Aug 09, 2011 12:12 pm

Chinwi

Associate Director - Equity Analytics

Posts : 3097
Equity Stars : 8959
Reputation : 418
Join date : 2010-06-08
Location : Asia

philipson wrote:
i bought 1000 comb.r0000 at 102/-. now it is at 51. please advise if i should sell or hold. thx

Can you please tell us what was the reason to buy COMB-R at 102/- .
Your intention - to sell it at a higher price or convert it to a share ?

If your thoughts were to make into a share Did you check the conversion amount before buying it @ 102/- ?

lbnnirmal · 15 Re: comb rights Tue Aug 09, 2011 7:01 pm

lbnnirmal

Senior Manager - Equity Analytics

Posts : 308
Equity Stars : 5141
Reputation : 14
Join date : 2011-07-07

Hay If I buy rights normally we need to pay the issue price at on or before the Last Date of Acceptance & Payment. So how this payment should happens?? Is that money reduce from our CDS account or do we need to give cheque to the company (Or any other payment method)???

windi5 · 16 Re: comb rights Tue Aug 09, 2011 7:07 pm

windi5

Moderator

Posts : 1549
Equity Stars : 7872
Reputation : 157
Join date : 2011-05-21

we have to pay by a cheque to the secretary of the right issue.

lbnnirmal · 17 Re: comb rights Tue Aug 09, 2011 7:27 pm

lbnnirmal

Senior Manager - Equity Analytics

Posts : 308
Equity Stars : 5141
Reputation : 14
Join date : 2011-07-07

Don't we have any other option other than the cheque ???

Market Sucker · 18 Re: comb rights Tue Aug 09, 2011 7:47 pm

Market Sucker

Senior Manager - Equity Analytics

Posts : 454
Equity Stars : 5344
Reputation : 40
Join date : 2011-07-24

lbnnirmal wrote:Don't we have any other option other than the cheque ???

you can use a bank draft Very Happy

2011_NewComer · 19 Re: comb rights Tue Aug 09, 2011 7:50 pm

2011_NewComer

Senior Manager - Equity Analytics

Posts : 559
Equity Stars : 5560
Reputation : 77
Join date : 2011-03-10
Location : Colombo

You mean if you buy rights from the market when trading starts?
Then I think rights get automatically converted to normal shares on that last day and money from your CSD account will be deducted by the broker.

I think windi is talking about when we buy rights directly, filling those forms.

Smile

lbnnirmal · 20 Re: comb rights Tue Aug 09, 2011 8:10 pm

lbnnirmal

Senior Manager - Equity Analytics

Posts : 308
Equity Stars : 5141
Reputation : 14
Join date : 2011-07-07

2011_NewComer wrote:You mean if you buy rights from the market when trading starts?
Then I think rights get automatically converted to normal shares on that last day and money from your CSD account will be deducted by the broker.

I think windi is talking about when we buy rights directly, filling those forms.

Ohh Thnx for all of you for this valuable information Smile

lbnnirmal · 21 Re: comb rights Wed Aug 10, 2011 11:16 am

lbnnirmal

Senior Manager - Equity Analytics

Posts : 308
Equity Stars : 5141
Reputation : 14
Join date : 2011-07-07

Is 15.Aug.2011 the last date of this right trading at CSE ???

IceMan · 22 Re: comb rights Wed Aug 10, 2011 5:26 pm

IceMan

Stock Analytic

Posts : 16
Equity Stars : 4776
Reputation : 0
Join date : 2011-05-04

I think Yes. You can trade rights till 15th August, and Payment should be made on or before 16th August.

lbnnirmal · 23 Re: comb rights Wed Aug 10, 2011 8:41 pm

lbnnirmal

Senior Manager - Equity Analytics

Posts : 308
Equity Stars : 5141
Reputation : 14
Join date : 2011-07-07

IceMan wrote:I think Yes. You can trade rights till 15th August, and Payment should be made on or before 16th August.

So If our CDS account have enough money then we can order to our broker to pay that money isn't it?? Is that all if I have that rights ???

IceMan · 24 Re: comb rights Wed Aug 10, 2011 9:51 pm

IceMan

Stock Analytic

Posts : 16
Equity Stars : 4776
Reputation : 0
Join date : 2011-05-04

If you by say COMB.R0000 shares from the market, say 100, you should have 18,165/- (I dont think there are any addition charges, but not 100%sure) in your account on 16th. Then the broker will convert them to COMB.N0000 shares. (This also better get confirmed from the Broker. Generaly a broker should convert them automatically, but I think I heard some brokers need your confirmation. Better to get that clarified with the broker to be safe.)
On the other hand if you have the rights letter, you will have to write a cheque and give it to the broker or the Registrars (SSP Corporate Services for this) before 4:30 pm on 16th August.(Again if you are handing over to the broker, you may have to hand it over bit before 4:30 as they have to deliver it to the registrar) If you have the letter, try applying for some additional shares (there is another form to apply for additional shares in the letter). You will have to give a separate cheque for the additional shares.

philipson · 25 Re: comb rights Thu Aug 11, 2011 7:41 am

philipson

Stock Trader

Posts : 7
Equity Stars : 4827
Reputation : 0
Join date : 2011-03-09

how low will comb.r000 reach, in your opinion? around the 14th.

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

comb rights

1 comb rights Tue Aug 09, 2011 1:23 am

philipson

2 Re: comb rights Tue Aug 09, 2011 2:54 am

Monster

3 Re: comb rights Tue Aug 09, 2011 5:24 am

lbnnirmal

4 Re: comb rights Tue Aug 09, 2011 6:18 am

ShareShares

5 Re: comb rights Tue Aug 09, 2011 8:02 am

windi5

6 Re: comb rights Tue Aug 09, 2011 10:47 am

2011_NewComer

7 Re: comb rights Tue Aug 09, 2011 10:55 am

windi5

8 Re: comb rights Tue Aug 09, 2011 11:05 am

2011_NewComer

9 Re: comb rights Tue Aug 09, 2011 11:11 am

lbnnirmal

10 Re: comb rights Tue Aug 09, 2011 11:17 am

windi5

11 Re: comb rights Tue Aug 09, 2011 11:26 am

lbnnirmal

12 Re: comb rights Tue Aug 09, 2011 11:39 am

2011_NewComer

13 Re: comb rights Tue Aug 09, 2011 11:40 am

windi5

14 Re: comb rights Tue Aug 09, 2011 12:12 pm

Chinwi

15 Re: comb rights Tue Aug 09, 2011 7:01 pm

lbnnirmal

16 Re: comb rights Tue Aug 09, 2011 7:07 pm

windi5

17 Re: comb rights Tue Aug 09, 2011 7:27 pm

lbnnirmal

18 Re: comb rights Tue Aug 09, 2011 7:47 pm

Market Sucker

19 Re: comb rights Tue Aug 09, 2011 7:50 pm

2011_NewComer

20 Re: comb rights Tue Aug 09, 2011 8:10 pm

lbnnirmal

21 Re: comb rights Wed Aug 10, 2011 11:16 am

lbnnirmal

22 Re: comb rights Wed Aug 10, 2011 5:26 pm

IceMan

23 Re: comb rights Wed Aug 10, 2011 8:41 pm

lbnnirmal

24 Re: comb rights Wed Aug 10, 2011 9:51 pm

IceMan

25 Re: comb rights Thu Aug 11, 2011 7:41 am

philipson

26 Re: comb rights

Sponsored content

New topics