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what do I learn is share price will adjust by 21/40. for example , for 10000 share , let say the AVG share price is RM 4(for an example) before share price adjustment, after bonus issue + share dividend total amount of share will be 10000 + 1/20*10000(share dividend) + 10000*19/21=19547 share, share price after adjustment is 4*21/40= 2.1..hence before bonus + dividend share issue, asset hold by share holder is 10000*4=40000, after bonus share + share dividend exercise , asset value hold is
19547 share *2.1 = RM41048.7, don’t forget the 7 cent dividend, so total asset value hold is 41048.7+ 0.07*10000, hence total asset value is 41048.7+700= 41748.7…
@Samuel The bonus issue should need to take in account on the allocated treasury shares during share dividend. It just work as *2 , however 1 share is from treasury share+ 19 is by bonus issue for every 20 shares hold before ex date.
@sky goh as far as I underste and, the share distributed from treasury sharwon't affect the share price , since it doesn't increase the total amount of outstanding share. only the bonus issue will increase the outstanding share , hence share price adjust accordingly
@sky goh but I wrongly calculate the total amount of share after bonus issue , should be 10000 to 20000 share , out of 20000 share 500 share is dividend share , at RM 4 , Total amount of dividend (plus the cash dividend ) is around 26. cent, refer to share price of RM 4 , this time alone dividend yield is staggering 6.5%! if including 7 cent last time , its amount to 8.25% !恭喜股東 , 財息雙收。。
@lung sell after exdate , yes..exdate is not determined yet for bonus issue..even after exdate , the bonus share is not credited into ur account yet , had to wait