28-05-2013, 06:37 PM
(This post was last modified: 28-05-2013, 06:49 PM by Temperament.)
(28-05-2013, 06:27 PM)Nick Wrote:I thought i read it where it stated it is an example only before IPO.(28-05-2013, 06:22 PM)Temperament Wrote: When will those opt for cash know how much they will get? Since subscription is successful, it should be good for this group who has opted for cash?
Even excess allotment:
Quote:Joint Bookrunners and Joint Underwriters”), has over-allotted an additional
71,840,000 Units (the “Additional Units”), all of which were allocated to the Placement.
Is this good news for people who opt for cash regardless of 1st day IPO trading price?
I thought MIIF already stated that the capital return from TBC sale is $0.4439 / unit ?
Quote:EXAMPLE: A Shareholder who holds 1,000 Shares as at the Record Date will receive a Cash Distribution of S$443.29 calculated as follows:
Entitlement = S x U
I
= 1,000 x 525,866,849
1,149,857,154
= 457 MIIF APTT Units (rounded down to the nearest whole number)
Cash Distribution = Entitlement x Final Offering Price
= 457 x S$0.97
= S$443.29
So if we take this example as "truth" for calculation of entitlement for those who opt for cash, isn't the extra allocations of APPT need to be taken into consideration also? Correct me if i am wrong?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.