Tuesday, April 23, 2013

Add on to Timecom

I have decided to add on to TimeCom by buying another 400 units.

Price bought was not too good i.e. RM4.10 but I guess this is to allow when provided with Digi shares as dividends, there are no odd lots. As per announcement, for every 2500 units of TimeCom shares held, the shareholder will be provided with 600 units of Digi shares.

Prior to this I was holding 2100 units of Timecom. The purchase of 400 units will increase the holdings to 2500 units.

The distribution will be quite soon as I can see it. I am looking forward to holding some of the Digi shares.

11 comments:

Jacky Lim said...

Hi Felicity,

Have they confirmed the ex-date for this ?

TQ

Jacky Lim said...

Hi Felicity,

Have they confirmed the ex-date for this ?

TQ

Black Ink said...

@JL Its still in proposal form. Needs to be voted on. I wonder how much Digi contributed to tDc underlying profit. Also, shocked to realise Digi is a 0.01 share. wow

felicity said...

Digi contributes quite a bit.

Big Sea said...

Felicity,

DKSH has gone up quite a bit. Do you think the current valuation is fair ?

cykoay said...

Hi Felicity,
After Timecom distribute its treasury Digi share, will the share price be adjusted?

felicity said...

I think DKSH is still decent.
There will be adjustment to Timecom's share price for sure.

cheeheng said...

felicity
correct me if i'm wrong,,
u got your calculations! if u r holding 2500 Timecom u should get 600 Digi shares

Big Sea said...

At 2500 to 400 shares, a lot of shareholders would get odd lots.

To get 100 share, one would need 625 unit of Timecom.
The LCM [Lowest Common Multiple] of 625 and 100 [smallest lot size]
is 2500. One would need to keep timecom share at multuple of 2500 share to avoid odd lots.

cheeheng said...

Felicity

1000u Timecom shares= 240u Digi shares.

felicity said...

thanks I made a mistake - should be for every 2500 units of timecom, one would get 600 units of Digi.