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Overseas Chinese Banking Corporation (OCBC Bank)

Overseas Chinese Banking Corporation (OCBC Bank)

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pantoo Offline
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#321
27-09-2014, 06:55 AM
How do we check if the rights(and excess rights) have been awarded? Ive logon to CDP but there wasnt any updates on the rights. I recalled the document saying that the rights will be awarded yesterday?
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toiletsiao Offline
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#322
27-09-2014, 08:28 AM
(27-09-2014, 06:55 AM)pantoo Wrote: How do we check if the rights(and excess rights) have been awarded? Ive logon to CDP but there wasnt any updates on the rights. I recalled the document saying that the rights will be awarded yesterday?

dont think u be able to see it . Based on the latest release on rights issue allotment

"The Rights Shares allotted and issued to successful subscribers with Securities Accounts(including those who have elected to receive their Rights Shares in their respective SecuritiesAccounts) will be credited into their respective securities accounts on 29 September 2014. The share certificates of other successful subscribers have been despatched today"

Probably we can only see it on monday morning itself
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LLS Offline
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#323
27-09-2014, 10:39 AM
yup monday morning you should be able to see it online, else call CDP hotline to check maybe safer?
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maniac Offline
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#324
27-09-2014, 03:17 PM
The rights shares came in. You may want to check your CDP account again.
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LLS Offline
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#325
27-09-2014, 03:39 PM
I just hope monday there will not be a sell down on OCBC shares
considering so much extra discounted shares coming in from the recent rights issue
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toiletsiao Offline
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#326
27-09-2014, 04:04 PM
(27-09-2014, 03:17 PM)maniac Wrote: The rights shares came in. You may want to check your CDP account again.

yes u are right...

i got 1689 rights excess... not too bad
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LLS Offline
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#327
27-09-2014, 04:55 PM
wow that's nice!
I read that the rights was around 170% subscribed
does that mean that most ocbc shareholders got excess rights?
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pantoo Offline
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#328
27-09-2014, 05:08 PM
Thanks all for the info. Will check when im home later. The CDP mobile web version sucks big time
Couldnt even click on the links!
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Temperament Offline
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#329
28-09-2014, 01:18 PM (This post was last modified: 28-09-2014, 01:19 PM by Temperament.)
If everyone got the excess rights they apply, is it a good sign?
i had some experience of getting all the excess rights i applied for but was in a REIT. Actually the time factor always count. Because different time, have different economic/business conditions, etc... always applicable for all companies.
(Not vested now)
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.
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LLS Offline
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#330
28-09-2014, 06:27 PM
I kinda worried about all the excess rights, wouldnt the extra supply push prices lower? Maybe i should sell out if the price above 9.70 next week
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