sephirothafter conversion, they get yr 13 sen cash, pay out 2 sen dividend, net gain to them 11 sen hard cash
zelmelIf we convert we convert at our buy price or according to that day price? Still confusing. I bought at 0.42 about 3 month back. Never add after that because not enlighten bullet. Cannot do it online right? Can ask our investment bank to do it?
smallboythx for enlighten sephiroth. but how can i convert my son to mother? i user of trading online :(
wwwcommenti thought excercise price is 0.26? why 0.13 leh? sorry for i am not familiar with LA.
tssl74dear all, any update for L&G-LA? hold for quite long. Worth holding?
Wcwa dead stock. keep on dropping. no volume. although cash rich but couldnot perform. useless.
leslieroycartericuls exercise price is 26c + current market price 29.5c =55.5c mother share 43c over-value by 12.5c, right? so , iculs shall trade 12.5-13c to break -even, right ? if wrong, please correct...
chinesetehpingHai, can anyone explain to me why the exercise price is RM0.26, Last time it was RM0.13. assuming i convert the warrants RM0.2859(current market price) +RM0.26 (exercise price) = RM0.545 (currently the ordinary share is RM0.435). is it overvalued by RM0.11 ?
Hope to get a solid explanation from this. Thanks
huat888Hi! Wrong interpretation, friend! CorrectICULS exercise prise is rm0.26. However ICULS issued price is rm0.13 itself, So just add rm 0.13 to convert. As. ICULS at rm0.13 + rm0.13 = exercise price.rm0.26.
valueinvestorThere are 2 choices or methods to convert the ICULs which were issued at 13 sen per ICUL in 2013:-
1. Surrender One ICUL plus 13 sen cash in exchange for One share, or 2. Surrender Two ICULs in exchange for One share. (no need to pay anymore cash)
So, just convert the ICULs under Method 1 when the ICULs are traded above 13 sen in the market.
If the market price for the ICUL drops below 13 sen, then use Method 2 to convert.
Unfortunately, a lot of people may have thought that the ICUL holder has to surrender One ICUL plus 26 sen cash to convert into one ordinary share. This partly explain why the ICULs always trade at a discount in the market. The conversion price of 26 sen published in the newspapers without detailed explanation has confused or misled a lot of people to simply sell or throw the ICULs at below the intrinsic value.
Quite pitiful though.
The ICUL holders should convert the ICULs first and then sell the converted ordinary shares which should fetch a better price based on the last 2 years scenario since the ICULs have been mostly under-priced.
chinesetehpingThank you huat888. Thank you valueinvestor for the detail explanation. :)
chinesetehpingAnother question for valueinvestor. So, using method 1, if i convert my ICUL now by adding the extra RM0.13, (0.28+0.13= 0.41) current mother share is RM0.44. (i earn RM0.03?)
using method 2, surrender two ICULS in exchange for mother share (0.28+0.28 = 0.52), (lose RM0.08??)
Eric FongTo convert to mother share, there are 2 option:
1) 2 ICULS change for 1 mother share or 2) 1 ICULS + RM0.13 for 1 mother share
Eric FongICULS now is RM0.28 + RM0.13 = RM0.41 Worth to buy and convert now.
tssl74L&G-LA kept dropping. What is the next best step of action????
luckymanThe issue price of the ICUL was 13 sen. Previously one needs to surrender one ICUL plus 13 sen cash to exchange for one ordinary share when the conversion price was 26 sen.
Now the conversion price will be reduced to 20 sen but the issued price of ICUL remains at 13 sen due to the impending rights issue of the mother share. Hence, going forward, one will have to surrender 1 ICUL (issued price @ 13 sen) plus 7 sen only to exchange for one ordinary share after the ex-date for the impending rights issue for the mother share.
Therefore, the upside will be good when the mother share starts to rally in the second half of 2017.