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Standard Chartered Rights Issue...............
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qw25041985
#1 Posted : Sunday, May 09, 2010 6:00:18 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
Anybody with the information about the Standard Chartered rights issue.There's been allot of rumours about it oflate. d'oh! d'oh!
Your future depends on your dreams so go to sleep !
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Flagship
#2 Posted : Sunday, May 09, 2010 6:10:04 PM
Rank: New-farer

Joined: 12/17/2009
Posts: 11
scanty info in friday 7th may dailies(nation pg 36) giving notice of the 28th may agm and stating the agendas with rights issue as one of them.
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sheep
#3 Posted : Sunday, May 09, 2010 6:27:54 PM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
They plan to increase their issued shares to 300m.A 9.8% increase
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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sparkly
#4 Posted : Sunday, May 09, 2010 7:14:42 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Mmh why pay hefty dividends then ask the shareholder to contribute rights? Can't it just retain the earnings and capitalise as bonus?
Life is short. Live passionately.
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Horton
#5 Posted : Sunday, May 09, 2010 7:16:09 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
sparkly wrote:
Mmh why pay hefty dividends then ask the shareholder to contribute rights? Can't it just retain the earnings and capitalise as bonus?



Same thing i was asking meself...
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Gordon Gekko
#6 Posted : Sunday, May 09, 2010 7:28:58 PM
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Joined: 5/27/2008
Posts: 3,760
Rights 1 for every 10 held. In order to be allowed to lend out more/or take more deposits, capital must be paid in cash by shareholders, not just a transfer in the books (retained earnings to capital).
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Horton
#7 Posted : Sunday, May 09, 2010 8:13:59 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Gordon Gekko wrote:
Rights 1 for every 10 held. In order to be allowed to lend out more/or take more deposits, capital must be paid in cash by shareholders, not just a transfer in the books (retained earnings to capital).



hmm....interesting...I always sucked in valuing banks...since the uni days...d'oh!

Thanks GG
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VituVingiSana
#8 Posted : Tuesday, May 11, 2010 2:26:23 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Gordon Gekko wrote:
Rights 1 for every 10 held. In order to be allowed to lend out more/or take more deposits, capital must be paid in cash by shareholders, not just a transfer in the books (retained earnings to capital).

BULLSHIT... Shareholders Funds not Share Capital is key... Any movement from Retained Earnings to Share Capital is perfectly acceptable...

StanChart is looking for NEW cash...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#9 Posted : Tuesday, May 11, 2010 6:05:47 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Gordon Gekko wrote:
Rights 1 for every 10 held. In order to be allowed to lend out more/or take more deposits, capital must be paid in cash by shareholders, not just a transfer in the books (retained earnings to capital).


Not true: CFC did just that when it converted from a NBFI to a bank. They gave a bonus of 21 shares for every 3 held [largest in the history of NSE]
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Gordon Gekko
#10 Posted : Tuesday, May 11, 2010 6:39:32 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Please read up on tier 1 capital as defined by Basel
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