If you play the odd-lots market or when shares are given in bonus issues or when you apply for rights issues,you may end up with odd lots that could not be traded on the main market.
Thank God, now we can trade on the Odd-lot market.
With about some RM30 of so of overhead costs, you can now trade on this odd-lot market.
Remember, trading on the odd lot market has its good and bad points. Often-times,to secure a good blue-chip such as Ajinomoto which is hardly traded, you have to pay a big premium because you will rarely find such 'old warrior'stocks being hived off willy-nilly! Selling in desperation will also cause you to lose a chunk of your capital value!
Taking stock today, I found I have about 100 counters of odd shares.
They range from true blue blooded gilt-edged stocks to worthless throw-aways as they are not dividend paying at all and perhaps never will.
What can you do with these odd-lots?
You can buy some more to consolidate them into tradeable lots of 100 and beyond and then sell them at will when opportunity arises.
When they give out dividends, though the smallest of chicken feed, they can amount to something. Dividend returns from some blue chips such as BAT, Panasonic,NCB, MAXIS,GAB, Carlsberg, LPI Capital, Maybank, TWS and Mesiniaga can really put the commercial bank fixed deposit rack rates to utter shame!
Other counters like REITS can also perform better than bank rates. AXIS REIT,STAREIT and PavREIT are examples of these.
If you like to attend Annual General Meetings, as odd-lot holders, you can do so and participate in the meeting by raising questions on the company's performance as well as query anything that you feel is amiss.
Some good companies provide good door gifts and luncheons as well.
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