Author Topic: GASF -- Golden Arrow Selected Funds Ltd.  (Read 59719 times)

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Offline merc007

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #299 on: November 24, 2017, 09:08:40 AM »
not received yet.. is there any contact number we can call and confirm
lets see how long it takes to be wealthy

Pakinvestorsguide

Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #299 on: November 24, 2017, 09:08:40 AM »

Offline HasanZaheer

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #300 on: November 24, 2017, 12:04:55 PM »
Did any one receive dividend ?
Mujhe abhi tk receive nhi hua.

not received yet myself

Mujhe abhi bhi nhi mila dividend. Xd hue bhe 35 days ho chukay han. Kia kisi ko mil chuka ha ?

not received yet.. is there any contact number we can call and confirm

not received yet myself

Did any one receive dividend ?
Mujhe abhi tk receive nhi hua.

Guys relax, they have not dispatched the warrants yet.
Go to https://dps.psx.com.pk/ and put GASF in search bar. Then look at announcements, when they dispatch div warrants they will announce it.

Offline lovegreen

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #301 on: November 29, 2017, 02:30:50 PM »
Div received today. :s1: .

Offline merc007

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #302 on: November 30, 2017, 08:49:22 AM »
lucky you brother... i am still waiting
lets see how long it takes to be wealthy

Offline lovegreen

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #303 on: January 19, 2018, 12:48:08 PM »
Half year result me dividend chance kia ha? I think February me ayega result.

Offline Farhan Kermani

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #304 on: January 19, 2018, 01:20:59 PM »
Might skip div due to terrible 2017.

Offline merc007

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #305 on: January 25, 2018, 02:50:49 PM »
https://www.psx.com.pk/notices-updates/detail2.php?0.5276672426432261&id=4&nid=109150

According to my understanding of the latest announcement by Gasf. 
If they become open end scheme we the share holders will be offered shares at the ratio of 1:1 with the face value of Rs. 5. Regardless if NAV or current trading share price is Rs.10 at kse.
so is it best to sell now and buy when its open end??? at Rs.5 per share
lets see how long it takes to be wealthy

Offline merc007

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #306 on: January 26, 2018, 04:16:07 PM »
any one care to comment
lets see how long it takes to be wealthy

Offline Koolfire

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #307 on: February 15, 2018, 07:08:41 PM »
Failure Is Only a Temporary Change in Direction To Set You Straight For Your Next Success...Only Those Who Dare To Fail Greatly Can Ever Achieve Greatly...

Offline Koolfire

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Failure Is Only a Temporary Change in Direction To Set You Straight For Your Next Success...Only Those Who Dare To Fail Greatly Can Ever Achieve Greatly...

Offline merc007

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #309 on: February 15, 2018, 07:38:55 PM »
lower lock
lets see how long it takes to be wealthy

Offline BlueClub

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #310 on: February 15, 2018, 08:51:44 PM »
Not sure what "Conversion into open end fund" means, what effects will it have on the price?
DCR - DGKC - ENGRO - FFC - GASF - HINOON - LUCK - MLCF - MUREB - PSO - SEARL

Offline merc007

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #311 on: February 16, 2018, 09:40:48 AM »
https://www.psx.com.pk/notices-updates/detail2.php?0.5276672426432261&id=4&nid=109150

According to my understanding of the latest announcement by Gasf. 
If they become open end scheme we the share holders will be offered shares at the ratio of 1:1 with the face value of Rs. 5. Regardless if NAV or current trading share price is Rs.10 at kse.
so is it best to sell now and buy when its open end??? at Rs.5 per share

if my understanding of this attachment  is correct than its should be selling time....
lets see how long it takes to be wealthy

Offline HasanZaheer

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #312 on: February 16, 2018, 04:57:49 PM »
https://www.psx.com.pk/notices-updates/detail2.php?0.5276672426432261&id=4&nid=109150

According to my understanding of the latest announcement by Gasf. 
If they become open end scheme we the share holders will be offered shares at the ratio of 1:1 with the face value of Rs. 5. Regardless if NAV or current trading share price is Rs.10 at kse.
so is it best to sell now and buy when its open end??? at Rs.5 per share

if my understanding of this attachment  is correct than its should be selling time....

Face value of share is 5. NAV is about 10. Market price is below NAV at 9.5

After conversion to open end scheme, the number of shares will stay the same but the market price will be determined based on NAV, not on the market itself. You will not be able to buy/sell in market times and if you do, you will have to do at the market price of the previous day.

And since the market price after conversion will be based on NAV (as is the case with open end schemes); the price after conversion will be about 10.

Offline HasanZaheer

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #313 on: February 16, 2018, 04:58:23 PM »
and since it is trading at a discount to NAV, it is actually a buying time.

Offline merc007

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #314 on: February 16, 2018, 05:06:59 PM »
and since it is trading at a discount to NAV, it is actually a buying time.

ohh yes my mistake its NAVand not Rs.5 :crying_anim02: :crying_anim02: :crying_anim02: :crying_anim02:
lets see how long it takes to be wealthy

Offline lovegreen

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #315 on: February 16, 2018, 10:40:49 PM »
https://www.psx.com.pk/notices-updates/detail2.php?0.5276672426432261&id=4&nid=109150

According to my understanding of the latest announcement by Gasf. 
If they become open end scheme we the share holders will be offered shares at the ratio of 1:1 with the face value of Rs. 5. Regardless if NAV or current trading share price is Rs.10 at kse.
so is it best to sell now and buy when its open end??? at Rs.5 per share

if my understanding of this attachment  is correct than its should be selling time....

Face value of share is 5. NAV is about 10. Market price is below NAV at 9.5

After conversion to open end scheme, the number of shares will stay the same but the market price will be determined based on NAV, not on the market itself. You will not be able to buy/sell in market times and if you do, you will have to do at the market price of the previous day.

And since the market price after conversion will be based on NAV (as is the case with open end schemes); the price after conversion will be about 10.
Hassan Brother
Thank God is thread pe koi ha jo know how rakhta ha gasf related.
Bro I have to ask three things.

1. Is conversion to open end a good decision by company or bad. Will dividend yield be same like before in case of earning.

2. Jo mujko smj aya now a person can't sell in market times then at what time he can sell.

3. It's not compulsary but if you can tell it will be helpful why a company need to convert it's share into open end.
Thanks
« Last Edit: February 17, 2018, 01:02:15 PM by lovegreen »

Offline BlueClub

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #316 on: February 17, 2018, 01:28:08 AM »
DCR - DGKC - ENGRO - FFC - GASF - HINOON - LUCK - MLCF - MUREB - PSO - SEARL

Offline merc007

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Re: GASF -- Golden Arrow Selected Funds Ltd.
« Reply #317 on: April 26, 2018, 10:18:06 AM »
any expectations in today's meeting.. any chance of dividend ?????
lets see how long it takes to be wealthy