*Official* General Market Chit Chat Thread - Part 2

[Tooi Kono Machi De]

100 shares means u will receive $18 in dividends.

Let's say the SCRIP price is $8.

$18 / $8 = 2 shares

If using SCB I think need call them or smthing right?

 

[OngHuatHuat]

Odd shares need to sell in odd shares market, the price is lower.
Try to avoid having odd shares, can opt for part scrip, part cash.

 

[Aventad0r]

If using SCB I think need call them or smthing right?

Yup they will send you letter and sms

 

[akwl88]

Bountiful harvest indeed! Congrats!

For me, 2 months into the year, I collected $2322 in dividends.

Bro huat huat big time

 

[Perisher]

If holdings very small take scrip how they calculate sia?

For example if only holding 100 shares

If you are using SCB, I suggest you take cash. The shares will be rounded down instead of up so you lose out. The excess cash will not be return back to you.

 

[Average]

Scrip shares are newly issued or from treasury?

Sent from your gal nex door using GAGT

 

[Sinkie]

If you are using SCB, I suggest you take cash. The shares will be rounded down instead of up so you lose out. The excess cash will not be return back to you.

and dont think you can see 200 share odd lot also in scb

 

[Genosis]

OCBC scrip, 10% discount to market price~ really very cheap
I dont see why ppl will want to take cash?

Ya......10% discount is really generous.

One of the reasons why I made OCBC my priority nibbling target

 

[OngHuatHuat]

Scrip shares are newly issued or from treasury?

Sent from your gal nex door using GAGT

newly issued, normally will bring certain degree of dilution to the share price, but not to the extend of the discount they gave.

I am getting full 100 shares for my Malaysia Maybank shares every half a year, excess is in cash. No odd shares for me, coz I have to sell it at below market price(sometimes the discount is quite huge).

 

[OngHuatHuat]

If you are using SCB, I suggest you take cash. The shares will be rounded down instead of up so you lose out. The excess cash will not be return back to you.

If shareholding size is small, the difference won't be huge.

Not sure about SCB, for other brokerage, custodian holding normally need to pay extra for this kind of action, ie need to pay service fee to receive scrip shares.

 

[Litmuss]

Market starting to get weak Liao... No good news to sustain the uptrend.

Shortists, where are u?

 

[wiz]

Now is a good time to buy DB stocks before the boat sails away.

While I think DB will not fail but it is a total mess and will never be the same powerhouse in the next few years.

 

[lalalalalala]

Market starting to get weak Liao... No good news to sustain the uptrend.

Shortists, where are u?

Reporting in. Haven't enter due to past few days rally. think next week will drop more

Sent from OnePlus A0001 using GAGT

 

[Average]

Market starting to get weak Liao... No good news to sustain the uptrend.

Shortists, where are u?

Pull back cannot meh? Need to rewind the spring mah...

Sent from your gal nex door using GAGT

 

[lls0101]

Also for ocbc can cheat code
Scrip u can round up to nearest share, damn song
Example 1000 mother shares
Dividends 0.16 u get $160 or
Scrip at $8
For 20 shares
If scrip at 7.95
U get 21 shares song till the max

Yes, I also always get scrip for my OCBC. They round up. Damn generous. This even works if you use CPF to buy. But do take note of what is considered as round up;

5. Fractional Entitlements
Fractional entitlements to a hundredth of a share or more will be rounded up to the nearest whole
Share, as illustrated by the following examples:
(i) Where the number of shares to be issued in lieu of cash is 25.01 shares, this will be
rounded up to 26 shares.
(ii) Where the number of shares to be issued in lieu of cash is 25.009 shares, this will be
rounded down to 25 shares.
(iii) Where the number of shares to be issued in lieu of cash is 25.11 shares, this will be
rounded up to 26 shares

But don't bother if you use SCB to buy. They don't round up

 

[Aventad0r]

If you are using SCB, I suggest you take cash. The shares will be rounded down instead of up so you lose out. The excess cash will not be return back to you.

Buy with scb transfer to cdp.

 

[jacques.jiean]

so the scrip price will only determined on XD?

 

[yihao93]

M1 drop back liao... Tot can pass my purchase price man

 

[MrSinkie95]

Down side ahead Liao

 

[MrSinkie95]

Today got oil meeting again for Iran right