Balajee

[Balajee]

Hi,
My name is Balajee. I am new for share market.
Please give me a clear view regarding below Examples:-

Ex1:
Date 07/09/09 : TV 18 announced a bonus right issue.
Date 08/09/09 : After announcement I bought share. I bought 50 share of TV18
Ex-Date : 18/09/09
Record Date : 22/09/09

AM I ELIGIBLE FOR BONUS OF RIGHT ISSUE

Ex1:
If a company XYZ announced bonus/dividend , after announcement I bought share of XYZ company for just getting benefit of bonus/dividend. I sold share of XYZ on/after EX-Date.
AM I ELIGIBLE FOR BONUS/DIVIDEND

In simple word,
HOW MANY MINIMUM DAYS I HAVE TO HOLD A SHARE FOR GETTING BONUS/DIVIDEND.

Thanks in advance.

 

[rajeshn2007]

Hi,
My name is Balajee. I am new for share market.
Please give me a clear view regarding below Examples:-

Ex1:
Date 07/09/09 : TV 18 announced a bonus right issue.
Date 08/09/09 : After announcement I bought share. I bought 50 share of TV18
Ex-Date : 18/09/09
Record Date : 22/09/09

AM I ELIGIBLE FOR BONUS OF RIGHT ISSUE

Ex1:
If a company XYZ announced bonus/dividend , after announcement I bought share of XYZ company for just getting benefit of bonus/dividend. I sold share of XYZ on/after EX-Date.
AM I ELIGIBLE FOR BONUS/DIVIDEND

In simple word,
HOW MANY MINIMUM DAYS I HAVE TO HOLD A SHARE FOR GETTING BONUS/DIVIDEND.

Thanks in advance.

Hi Balajee,
You have to buy before ex-date, 18/9/2009.eg., you can buy on 17/9/09 also, no min holding days.

buy before the ex-date.

 

[Balajee]

Thanks Rajesh !

It means no need to hold till Book closer date.

Minimum days means, just want to know trick When I will have to buy XYZ share and sell it so that I will get Bonus/Dividend of XYZ company.
Please give me an example.

Thanks again.

 

[rajeshn2007]

Hi,
eg., same TV18, buy on 17/8/9 one day before ex-date 18/9/09 and hold for a day.
RIGHTS 1:2 [email protected]/- you are entitled for the rights. but on the ex-date, the stock will get adjusted for rights and it will come dn, accordingly.

 

[Balajee]

Thanks Rajesh!

Suppose Ex-date is 18/09/09 and I bought on 17/09/2009. According to T+2 day rule, my name will be recorded on 19/09/2009 then how can i entitled for bonus/dividend.

If I sold on 17/09/09 then i think it will be fine.
Please help me.
Thanks a ton .

 

[rajeshn2007]

No, if you have shares on 17/9/09 only you will get rights/bonus. if you sell it, you are not entitled to rights/bonus.

 

[Balajee]

Hi Rajesh,
If I bought on 17/09/09 then by what date I will be owner of that share and same If i sold on 17/09/09 then by what date i will be disowner of that share.

Thanks for you reply.

 

[rajeshn2007]

If you had bot on 17th, T+2 means 20,21 you will be the owner of the stock (since 18/19 sat,sund holiday).

22/9/09 is the record date, on which the your name will on the record books of the company.

if you sell on 17th, then you are not the owner from 17th sep.

 

[Balajee]

Thanks a lot Rajesh.
My confusion is cleared.
Let me know one thing more plzzzz
How do i know Record date?
Is Record date AND Book closer start/end date are same thing or different.
Is it necessary to hold share upto Book closure start/end date?
I have a/c with Indiabulls. When i find record date of any Company. It will show me:
Book closure start/end date, Ex-date but not record date.

Thanks brother.

 

[SwamiNathan]

Balaji
If u buy 50 shares at Rs.500 and bonus is 1:1 (You will get 50 bonus shares) and the prices will come down to Rs.250/-

Cost: 50 Shares*Rs.500 = 25000
Current value after bonus: 100 Shares* Rs.250= 25000/-

Therefore u wont get any profit bcoz of ur strategy.

Dont get disappointed my friend. There are lot more in Stock MKT. U are going to Njoy our world. Welcome to our world.