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Sri Lanka Equity Forum » Stock Market & Forum Help » After XR date,what should I do?

After XR date,what should I do?

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1 After XR date,what should I do? on Tue May 10, 2011 2:33 pm

ssuni

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Manager - Equity Analytics
Manager - Equity Analytics
after 2 or 3 days of LDEV XR date I got the allotment letter & I handed over it to my broker company,now the rights shows in my cds a/c. what should I do now?
do I have to wait till my broker company sold them or do I have to sell them?
I think we can't sell them after 13.05.2011.
what should I do?

2 Re: After XR date,what should I do? on Tue May 10, 2011 2:38 pm

StocksWatch

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Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
If you are not planing to subscribe for the rights, you should sell them at the maximum price you can get.

Otherwise you will not get any return from these rights unless you pay additional money and subcribe to your rights.

3 Re: After XR date,what should I do? on Tue May 10, 2011 2:43 pm

ssuni

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Manager - Equity Analytics
Manager - Equity Analytics
but aren't they(my stock broker) have to sell them? Do we have to tell them to sell these?

4 Re: After XR date,what should I do? on Tue May 10, 2011 2:47 pm

Slstock

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Director - Equity Analytics
Director - Equity Analytics
@ssuni wrote:but aren't they(my stock broker) have to sell them? Do we have to tell them to sell these?

If you request your broker to sell then may do so. Else you will need to sell them yourselves if you haev not told him specifially

5 Re: After XR date,what should I do? on Wed May 11, 2011 10:16 am

Chinwi

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Associate Director - Equity Analytics
Associate Director - Equity Analytics
@ssuni wrote:but aren't they(my stock broker) have to sell them? Do we have to tell them to sell these?

They will not sell them unless you ask them - this is similar to other normal stocks.

If they did not sell , you have to pay to the broker the money for rights on the last day. If not, you will loose all.

BTW, I do not know what will happen to LDEV after all this issue , they gave 15 for 1 share.

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