SPEED System

[KK]

Dear all,
anybody can explain to me the system? as i know, we can trade the shares( split, consol, bonus) on BCD +1 according to Bursa website. however, there's no suspend for the share on BCD, that means we still can trade the share on BCD? how about the share quantity available for trade? let's say bonus share issue, 5 bonus shares for 1 existing share.....

[bizfun]

New to me, never heard it before. What is BCD? Sorry question again. 

Hope somebody can answer you.

[KK]

bizfun,  BCD = book closing date. the SPEED is about the process of share split, bonus share... speed up the process, no suspending day for these stock like b4. i learn about this in the Genting & Resorts share split cases last time... the info can be obtained on Burssa website. after i consult my remisier,  i can draw a picture about it....

[smallcap]

Dear all,
anybody can explain to me the system? as i know, we can trade the shares( split, consol, bonus) on BCD +1 according to Bursa website. however, there's no suspend for the share on BCD, that means we still can trade the share on BCD? how about the share quantity available for trade? let's say bonus share issue, 5 bonus shares for 1 existing share.....

U r right, the counter who exercise the bonus & split will not be suspended by Bursa. For example, if 1 bonus share for 1 existing share, and u r holding 10,000 shares b4 ex-date, so u can definitely sell 20,000 shares on the ex-date.

Regarding the GENTING & RESORTS case, some of the investors was complaint that remisiers not allowed them to do so, maybe they are few reasons, 1st: the remisier still not understand the SPEED System, 2nd: let the big fishes run away first , 3rd: system not updated...

[bizfun]

Thanks! Why not use online trading? Suppose the online trading procedure is standardize. If you can sell, you sell. No human allow to disrupt the orderly process, unless what smallcap said; system not updated.

[Maxforce]

Hmm from what I know, can sell before the shares are credited - as by T+3 shares will have credited so no shortfall. 

EDIT: As for case of bonus issue or share split.

[smallcap]

Maxforce is right. We can sell on the day of T+1 (on the ex-date).

[msiainfo]

SPEED?