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- 11 February 2008
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Typically the Ex date is 3 days before the record date. This is the same as in dividends. So I actually didn't think shares purchased on open tomorrow will be entitled to the rights. I could be wrong of course...
As per the info available the ex date is 7PM on Friday ie 08/05/2009...How do u think its going to impact the price on thursday and friday.....
Where do you see the ex date bing 8 May? Note difference between Ex date and record date.
As stated before, ex-date typically 3 days prior to record date. I guess to allow for ASX settlement / processes etc.
As to impact - already analysed above. Simple put the first traded price is likely to actually be the ex-entitlement price, which some believe to be in the area of $2.
Record date as per the prospectus is 1900 hrs 08 May 2009....Now the record date is established by an issuer of a security for the purpose of determining the holders who are entitled to receive a dividend or distribution. So I am making the assumption on the definition above.
I have just received an answer from BSL - quote:
<< If someone buys stock tomorrow may 7 then they would not be eligible to participate. >>
I hope that the above info will prove quite valuable for all people thinking of buying in order to be able "to participate" in the offer.
The above answer from BSL office also confirms that, in regards to entitlement date, BSL offer is identical to Apr 2009 OST offer : i.e. that to be eligible you must have purchased the stock before the trading halt. .
So would that mean I can sell my stocks today and still be eligible to get 1 for 1, just because I held them at the time of halt
I have just received an answer from BSL - quote:
<< If someone buys stock tomorrow may 7 then they would not be eligible to participate. >>
I hope that the above info will prove quite valuable for all people thinking of buying in order to be able "to participate" in the offer.
The above answer from BSL office also confirms that, in regards to entitlement date, BSL offer is identical to Apr 2009 OST offer : i.e. that to be eligible you must have purchased the stock before the trading halt. .
Is is going to rise further or fall from here...
Dear OLDBLUE - re your post @10:20 today:
Your answer is INCORRECT - see my today's prev post @10:59 for more details. Or call BSL on 1300-855-998 and find out yourself.
This whole situation is crazy - they should have clearly stated something like this: if you buy and hold shares by the end of 8 May 09 then you are eligible - full stop - no matter what the 'record' date would be
If you're a holder, how do you actually exercise your options e.g. is some paperwork coming in the mail?
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