Mgt.R and Scap.R?

Sudu · 1 Mgt.R and Scap.R? Wed Apr 25, 2012 2:21 pm

Sudu

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I bought Scap.R and Mgt.R last friday. But I could not sell them till today. I noticed today that they are going to be purged today. What will happen next, if I do not buy them? please clarify experts.

kav4 · 2 Re: Mgt.R and Scap.R? Wed Apr 25, 2012 2:26 pm

kav4

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I think you have to buy them.

You're broker must send the payment.

Gaja · 3 Re: Mgt.R and Scap.R? Wed Apr 25, 2012 2:46 pm

Gaja

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Sudu wrote:I bought Scap.R and Mgt.R last friday. But I could not sell them till today. I noticed today that they are going to be purged today. What will happen next, if I do not buy them? please clarify experts.

U have two option, one is forget the Rights you bought, then the amount you invested is a loss for you, 02nd option is to pay and convert that in to shares.

kav4 · 4 Re: Mgt.R and Scap.R? Wed Apr 25, 2012 2:51 pm

kav4

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No I think if you buy the rights on the market, you MUST pay for them.

If you got rights just because you own shares by the XR date, then either you can
1 . forget
2. sell before the renunciation date
3. pay & convert.

Malika1990 · 5 Re: Mgt.R and Scap.R? Wed Apr 25, 2012 7:11 pm

Malika1990

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You can either pay or not for rights. it is up to you
I think now u learn some lesson before u making Buy/sell decision study well especially with rights and warrants. they can make huge profit as well as huge loss. when u buying rights and warrants u should consider cutoff date, normal share price, conversion price etc. Cool

Fresher · 6 Re: Mgt.R and Scap.R? Wed Apr 25, 2012 8:48 pm

Fresher

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kav4 wrote:No I think if you buy the rights on the market, you MUST pay for them.

If you got rights just because you own shares by the XR date, then either you can
1 . forget
2. sell before the renunciation date
3. pay & convert.

No he can forget them if he wishes.

@ Sudu - Surely, you bought the R at 0.10/- or above. conversion is 7/- current price is 7/-
the only benefit you get instead of paying for the conversion instead of buying from the market is the transaction cost. (which is minimal)

btw, tomorrow is the last day for payment for SCAP