Friday, January 23, 2015

Insas' Rights

For those who would be wondering why Insas's share price dropped by more than 5%, it is possibly due to this as well as a 1 sen dividend (ex-date 23 Jan).

Besides the above, there are some important dates with regards to the rights, as below.

 For those whom owned Insas shares prior to 23 Jan 2015, please take note of it. if you want to sell your rights, you may want to do so between 28 Jan 2015 to 5 Feb 2015. Otherwise, it is wise to pick up the Redeemable Preference Shares.


Unknown said...

Hi Felicity,

As current price is below RM1, what is the benefit for taking up the right ? People can get better price from current market

felicity said...

Hi jacky,
It is a preference share right,not an ordinary share right. The shareholder of the preference share will be getting dividend of 4% yearly and it is not convertible. Along with the preference share, there are warrants.