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Please help with stock codes

Discussion in 'ASX Stock Chat' started by alexonline, Apr 13, 2016.

  1. alexonline

    alexonline

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    Hello I'm a learner and need help please.
    When looking at a stock PANR PANORAMIC RESOURCES RTS

    What does RTS stand for? this stock looks to be connected to PAN.

    IT SAYS RTS 18APR?? :"(

    And what does FPO mean??


    Iv'e looked everywhere and can't find anything please help.
     
  2. So_Cynical

    So_Cynical The Contrarian Averager

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  3. alexonline

    alexonline

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  4. So_Cynical

    So_Cynical The Contrarian Averager

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  5. pixel

    pixel DIY Trader

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    Glad you asked, Alex;
    Most of us "grew up" with those acronyms and no longer think about it, oblivious to the puzzlement of newbies.

    FPO = Fully Paid Ordinary (shares)
    RTS = Rights, which are a kind of option, usually given to shareholders of a company, which entitle the holder to buy a limited number of additional shares. Such rights can be either renounceable, in which case they're given their own code consisting of the mother stock's code (PAN) and the suffix "R", or non-renounceable. The former variety may be sold - for a limited time, in PANR's case, expiring on the 18th of April - transferring the right to a willing buyer.
    The latter can NOT be transferred, and if the original holder doesn't exercise the right, it lapses.

    A quick Google of Share Abbreviations and Acronyms got me to this site:
    http://abbreviations.yourdictionary.com/articles/financial-abbreviations.html

    I hope that helps you.
     
  6. alexonline

    alexonline

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    Wow thanks so much for helping me really appreciate your wisdom.

    So to just confirm :( last question :),
    what your saying is:

    it's similar to an option. But does it still operate like a normal stock? or will it expire and not be able to sell before April? And when does a buyer have to exercise his right on this stock ( before April? )?
    If one was to purchase this and sell at their own time would this be a problem?



    Thank-you very much for helping me, I appreciate it. :)
     
  7. alexonline

    alexonline

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    Wow thanks so much for helping me really appreciate your wisdom.

    So to just confirm :( last question :),
    what your saying is:

    it's similar to an option. But does it still operate like a normal stock? or will it expire and not be able to sell before April? And when does a buyer have to exercise his right on this stock ( before April? )?
    If one was to purchase this and sell at their own time would this be a problem?



    Thank-you very much for helping me, I appreciate it. :)
     
  8. pixel

    pixel DIY Trader

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    This is how you research the basics:
    http://www.asx.com.au/asx/markets/equityPrices.do?by=asxCodes&asxCodes=pan+panr

    shows that PAN is currently trading @11cps (cents per share)
    The rights trade at 0.2c, which makes sense because you will still have to pay 10c in order to convert each PANR into a fully-paid PAN share. As there is no guarantee that PAN will continue to trade at 11c or more, investors would think twice before buying the right much higher.

    The details of the Rights Issue were laid out in this announcement:
    http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01726731

    That tells you that you can buy or sell PANR until April 18th; whoever owns the PANR from that day on can no longer sell the right, but has only two options: Use it or lose it.
    Use it means, pay 10c per exercised right by Closing Date (26 April 5pm) to be allotted the same number of PAN shares. Or do nothing, keep your money and do not receive any new PAN shares.

    Simple, really :)
     
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