when the allonment letter recived.. shud i sent two checks(one for rights and ther for additinal shares)?
Thanks
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npp wrote:This is clearly mentioned in the document.
Yes, you have to send two cheques and fill the necessary forms
SL.Market wrote:npp wrote:This is clearly mentioned in the document.
Yes, you have to send two cheques and fill the necessary forms
Thank You
Further to above Plz explain little on allocation... appriciate your past experience
If apply 1000 additional will it get..
what the best amount to appply...?
npp wrote:SL.Market wrote:npp wrote:This is clearly mentioned in the document.
Yes, you have to send two cheques and fill the necessary forms
Thank You
Further to above Plz explain little on allocation... appriciate your past experience
If apply 1000 additional will it get..
what the best amount to appply...?
which rights issue are you talking about here?
It's like this. You will get additional rights as a proportion to what others did not apply for. If the issue is fully subscribed, you will not get any. Therefore, the amount additional you will get will depend on the success of the issue
npp wrote:no worries. that's what all are here for
I'll explain with an example.
Say a company has 100,000 no. of shares issued. It's going for a rights issue of 1:1 which means it will have another 100,000 to be subscribed by existing shareholders.
Say only 80,000 rights have been subscribed for from the allottment. The balance will be given out as additional shares if you apply for them.
Once I had 100 LCEY and was allotted 14 rights. I further subscribed for 86 shares of which I got only 1
Back then the rights were at a huge discount and very attractive
npp wrote:I'm sorry I can't advice you on that since I have never done that, but I think it can be done.
PS: People like wikum100 are not gonna like this
SL.Market wrote:npp wrote:I'm sorry I can't advice you on that since I have never done that, but I think it can be done.
PS: People like wikum100 are not gonna like this
you remember Mara.R shoud trade Rs.2 but i have sold at Rs.11 and BBH.R soud Trade at Rs.3 but I sold at Rs.26....
But those are very rare chances come one in five rights issue as per my experience(one year time with CSE)...
npp wrote:SL.Market wrote:npp wrote:I'm sorry I can't advice you on that since I have never done that, but I think it can be done.
PS: People like wikum100 are not gonna like this
you remember Mara.R shoud trade Rs.2 but i have sold at Rs.11 and BBH.R soud Trade at Rs.3 but I sold at Rs.26....
But those are very rare chances come one in five rights issue as per my experience(one year time with CSE)...
you are right. but you must also realise that this is totally because someone else's inexperience
wikum100 wrote:yes i am accepting that i have made a big mistake by buying mara.r at high price without any knowledge...
anyway i will not do that mistake again
npp, thanks for helping me on that issue....you seems good friend to others....
still i dont have much idea about right issue ,,,when closing etc etc
npp please can you give me good links where i can learn about those basics
sl market ,,,thanks for sharing your experience
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