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Old 12-06-2007, 09:57 AM
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lonewolf lonewolf is offline
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I feel for you. From your questions, I can tell that you did not subscribe for the rights and has probably done nothing and it has expires worthless.

The run up to $2.10 was on the back of the bonus dividend cum rights issue. Such run up are common before the ex-dates.

The price adjusted after the ex-dates to discount for the bonus dividends and rights issues.

Yes. The Rights Shares will become the mother shares when it is issue. But you need to subscribe to your rights before that happens.

For a period of 2 weeks, the 'nil paid' rights are traded. These are the Bonvest R (for 1000 rights) and Bonvest 200 (for 200 rights) that you see. These are for investors who do no intend to subscribe to the rights to sell them off in the market. If you have no intention of subscribing to the Rights Shares, you should have sell them off in the market.

*ouch* I just check and the rights was trading for $1 and $1.10. If you have let your rights expire, you have basically throw these money down the drain. And worse, you are now sitting on a diluted shareholdings compared to before.

I wish I have seen your mail eariler. There would still have been time to do something about it.

Anyway, I do hope you got your answers elsewhere. Stay the course, Bonvest is alright fundamentally. The right shares will be issued next week.
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