tag:blogger.com,1999:blog-7944902213075756335.post445109514801870059..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Nil-paid rights and excess rights. (Case study: My strategy in IREIT's 45 for 100 rights issue.)AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-7944902213075756335.post-76478808179820043022020-10-08T14:11:04.687+08:002020-10-08T14:11:04.687+08:00thank you!thank you!disrhttps://www.blogger.com/profile/10037980553086913084noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54956841628691978722020-10-06T19:17:16.238+08:002020-10-06T19:17:16.238+08:00Hi disr,
As a complete lot is made up of 100 shar...Hi disr,<br /><br />As a complete lot is made up of 100 shares instead of 1000 shares like it was donkey years ago, rounding up of odd lots should be in hundreds instead of thousands.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79740158717487521162020-10-06T16:40:05.069+08:002020-10-06T16:40:05.069+08:00Hi AK,
scouring your posts to see the strategy on...Hi AK,<br /><br />scouring your posts to see the strategy on rights issues. I know posts with strategies will lead to more competition :p Can i check with you though, was your latest rights issuance rounded up to 100 or 1000 shares? Not sure if this is the latest onedisrhttps://www.blogger.com/profile/10037980553086913084noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60148472200056807462017-10-12T13:24:43.741+08:002017-10-12T13:24:43.741+08:00Jonathan Ong:
Like that how do you buy or sell ri...Jonathan Ong: <br />Like that how do you buy or sell rights to/from other people?<br /><br />AK:<br />Sell or buy like regular stocks. These are called nil-paid rights.<br /><br />Kokkian Ng:<br />After buying rights from the market, what do i need to do?<br /><br />AK:<br />Wait for package from CDP for instructions.<br />Package will have the deadline and which banks' ATMs you can use to AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-64503589465766973932017-10-02T12:38:08.208+08:002017-10-02T12:38:08.208+08:00Reader:
Hi AK.. now Mapletree is having rights iss...Reader:<br />Hi AK.. now Mapletree is having rights issue. Would you kindly share on how to acquire those right that other ppl sell or do not excercise? I tried to find this option at ATM and cannot find. Thanks!<br /><br />AK:<br />I think you are referring to nil-paid rights and excess rights. I wrote about them before. You might want to read this.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52680511337717664352015-07-27T19:07:04.453+08:002015-07-27T19:07:04.453+08:00REMINDER:
Last date and time for acceptance, appl...REMINDER:<br /><br />Last date and time for acceptance, application and payment through an ATM:<br />28 July 2015 at 9.30 p.m.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80541304412340016522015-07-07T10:36:00.294+08:002015-07-07T10:36:00.294+08:00From my FB wall:
Hi Ronnie,
Thank you for your ...From my FB wall: <br /><br /><i>Hi Ronnie,<br /><br />Thank you for your support in IREIT.<br /><br />The critical dates for IREITs Rights appln are as follows:<br /><br />13 Jul - Commence trading of “nil-paid” Rights entitlement<br /><br />22 Jul - Last day trading of “nil-paid” Rights entitlement<br /><br />14 Jul – commence application of Rights Issue<br /><br />28 Jul – last day of AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65967316846570003882015-07-07T08:47:09.080+08:002015-07-07T08:47:09.080+08:00Hi AK
Thanks! =)Hi AK <br /><br />Thanks! =)FoodieFChttps://www.blogger.com/profile/11205055536110127445noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55355989759787903512015-07-06T23:20:24.358+08:002015-07-06T23:20:24.358+08:00Hi FoodieFC,
Payment can usually be conveniently ...Hi FoodieFC,<br /><br />Payment can usually be conveniently made at ATMs belonging to participating banks. Wait for the package from CDP which you will receive in due course if you hold IREIT units before it went XR. There will be clear instructions on what to do as well as important dates to note. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29969417807232160392015-07-06T22:35:26.869+08:002015-07-06T22:35:26.869+08:00Hi AK,
also, I thought that the fall in price tod...Hi AK,<br /><br />also, I thought that the fall in price today was due to EURO falling (due to greece voting result) since there exchange rate involve. Did not know that it was due to XR. Interesting. learning everyday!FoodieFChttps://www.blogger.com/profile/11205055536110127445noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67007029381543482072015-07-06T22:33:44.859+08:002015-07-06T22:33:44.859+08:00Hi AK,
I have no experience in rights issue. Neve...Hi AK,<br /><br />I have no experience in rights issue. Never encountered this since I started trading 3 years ago.<br /><br />I am wondering if you know how do we make payment if we decide to take up the offer? I am using poems (philips capital) platform.<br /><br />Many thanks for enlightening me on this.<br /><br />FoodieFChttps://www.blogger.com/profile/11205055536110127445noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56366364214521644382015-07-06T15:36:37.643+08:002015-07-06T15:36:37.643+08:00Hi qook,
IREIT has gone XR today. So, anyone buyi...Hi qook,<br /><br />IREIT has gone XR today. So, anyone buying today will not get any rights units. IREIT's share price fell today because of this. So, your line of reasoning is right.<br /><br />You might want to read my past blog posts on First REIT's rights issue which happened a few years ago. I hope they help a bit in your understanding of rights issues. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57031939433550201072015-07-06T14:00:21.110+08:002015-07-06T14:00:21.110+08:00Hi AK, what is the last date to buy ireit with the...Hi AK, what is the last date to buy ireit with the rights? I can't seem to find it on the prospectus. Is there a difference if I buy it with the rights or after, presuming that I don't try for the extra rights? I'm presuming that in a perfect world, the share price of ireit will fall to reflect the rights issue right after the rights are issued? I don't have much experience in qookhttps://www.blogger.com/profile/16589715121656455558noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31529727837198736832015-07-06T10:47:18.667+08:002015-07-06T10:47:18.667+08:00Hi Ronnie and Sanye,
Thanks for sharing your expe...Hi Ronnie and Sanye,<br /><br />Thanks for sharing your experience with us here. :)<br /><br />I hope I will be lucky like Sanye in IREIT's rights issue. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42570786881174023572015-07-06T09:58:27.781+08:002015-07-06T09:58:27.781+08:00Strange, in the recent Keppel Inf Tr case I got ex...Strange, in the recent Keppel Inf Tr case I got excess to round up to 1000. Me plain lucky? :PSanye ◎ 三页https://www.blogger.com/profile/10864265445567780610noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-40298861315753152792015-07-06T08:08:18.118+08:002015-07-06T08:08:18.118+08:00Hi Xi Rie,
Here is an example from 2010 when Firs...Hi Xi Rie,<br /><br />Here is an example from 2010 when First REIT had a rights issue: <br /><br />1. <a href="http://singaporeanstocksinvestor.blogspot.sg/2010/11/first-reit-rights-issue.html" rel="nofollow">First REIT: Rights issue.</a><br />2. <a href="http://singaporeanstocksinvestor.blogspot.sg/2010/12/first-reit-nil-paid-rights-start.html" rel="nofollow">First REIT: Nil-paid rights start AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67362463596111665322015-07-05T23:17:12.078+08:002015-07-05T23:17:12.078+08:00Hi Ak..
Thanks for the sharing.. but can you ple...Hi Ak.. <br /><br />Thanks for the sharing.. but can you please help me to understand better what does "buy the nil-paid rights cheaper" mean? <br /><br />Sorry of my ignorance as I am new to this.. :)Anonymoushttps://www.blogger.com/profile/17052263990218266636noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58006578381023913192015-07-05T12:09:08.062+08:002015-07-05T12:09:08.062+08:00Yes . The recent Keppel Infrastructure Trust exces...Yes . The recent Keppel Infrastructure Trust excess rights application round up to 100s only not 1000s. Hence buying 2100 CR IRETs shares will get the 945 Rights. But applying for 955 excess rights may not be guaranteed if it's round up to tradable lots of 100s shares only. CheersAnonymoushttps://www.blogger.com/profile/12864648292201379783noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29007213430712488332015-07-04T17:18:35.235+08:002015-07-04T17:18:35.235+08:00Hi Capricon,
Thanks for sharing your experience. ...Hi Capricon,<br /><br />Thanks for sharing your experience. This 100 shares per lot change certainly has some unforeseen ramifications. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85338873570738917372015-07-04T08:36:15.649+08:002015-07-04T08:36:15.649+08:00Hi yanhan,
That is very odd but thanks for sharin...Hi yanhan,<br /><br />That is very odd but thanks for sharing your experience here with us. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25018889473193184602015-07-04T08:34:53.571+08:002015-07-04T08:34:53.571+08:00Hi LP,
Indeed, if rounding up of odd lots means t...Hi LP,<br /><br />Indeed, if rounding up of odd lots means to the next 100, then, the only two ways left to make such rights issues worthwhile (i.e. to get a higher yield) are to buy the nil-paid rights cheaper and to be lucky in getting more excess rights. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16268762699637539912015-07-04T08:32:39.339+08:002015-07-04T08:32:39.339+08:00Hi cookie,
I will wait for the counter to go XR a...Hi cookie,<br /><br />I will wait for the counter to go XR and receive the instructions package from CDP after the nil-paid rights stop trading. No worries in the meantime. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-41462113999411898312015-07-04T04:32:45.727+08:002015-07-04T04:32:45.727+08:00It did not work for me during the AIM AMP Cap REIT...It did not work for me during the AIM AMP Cap REIT's rights issue. I bought 1000 units and was entitled to 350 units. I applied excess rights units to round off my holding to the '000s. However, I only received 500 units.yanhanhttps://www.blogger.com/profile/09618708229785718323noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26372167133890251972015-07-04T01:08:04.591+08:002015-07-04T01:08:04.591+08:00Hi AK,
That's the question that nobody knows....Hi AK,<br /><br />That's the question that nobody knows. Let us know whether the rounding of the odd lots is up to 100 or up to 1000 'old' lots. I suspect it's the former, and that will make cashing in on rights not such a good deal anymore. Let us know pls :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74927733062276050662015-07-03T23:38:21.177+08:002015-07-03T23:38:21.177+08:00assi,
when is the date and also last day to conve...assi,<br /><br />when is the date and also last day to convert the rights to share?i cant seem to find it.<br /><br />thankscookiehttps://www.blogger.com/profile/00065784119230368875noreply@blogger.com