Healthway Medical

BUY Healthway Rights at S$0.09 NOW. S$0.09 + S$0.075 = S$0.165 for shares. It is Extremely Difficult to BUY Healthway shares at S$0.165. The UPside ADVANTAGE is S$0.005 (3.03%). Moreover the brokerage is cheaper. Usually the Rights are priced at a PREMIUM. NOW it is priced at a DISCOUNT due to confusion. Those who QUEUE to BUY shares at S$0.165 can NOW BUY the RIGHTS at S$0.090 to achieve the same GOAL.

The stock is no longer a bargain at 19X PE. If you are looking for stocks going for a song, consider Techcomp, or Sinotel, or Adampak, or Design Studio. Just my 2 c worth. :laugh:

why do i have to add 0.075? Can I check if im allocated to the rights as Im existing shareholder, confirm i only need to pay 0.075 and this will be converted to shares to trade?

As a shareholder, you will receive 1 right share for every 5 ordinary shares. You can sell the rights share now, or before they expire. If you want to convert the rights into ordinary shares, you have to pay 7.5 c per rights share. So for one 1000 rights shares, you pay $75. U must take action : either sell the rights shares on the open market or convert them into ordinary shares. If you dont do anything, or forgot, the rights shares expire. You get nothing.

neontet wrote:

As a shareholder, you will receive 1 right share for every 5 ordinary shares. You can sell the rights share now, or before they expire. If you want to convert the rights into ordinary shares, you have to pay 7.5 c per rights share. So for one 1000 rights shares, you pay $75. U must take action : either sell the rights shares on the open market or convert them into ordinary shares. If you dont do anything, or forgot, the rights shares expire. You get nothing.

if i sold everything after EX, will they cancel my rights?

The stock is no longer a bargain at 19X PE. If you are looking for stocks going for a song, consider Techcomp, or Sinotel, or Adampak, or Design Studio. Just my 2 c worth.

Design studio is a one good stock tat i vested in recently. I won\'t say Healthway now is not a bargain because it still have the potential to grow rapidly. But comparatively, HW\'s still lower than the other two established healthcare peers (Parkway and RMG) in terms of PE, if u think abt it...