 | Stock: [SYMLIFE]: SYMPHONY LIFE BHD Jun 1, 2018 8:07 PM | Report Abuse Actually should cancel the RI and do private placement, market condition unfavorable |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Jun 1, 2018 8:06 PM | Report Abuse Before ex ald 0.60... at current price, each right costs around 0.125 and share price will be adjusted to 0.475 post RI, assuming 310M rights |
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| Stock: [KSL]: KSL HOLDINGS BHD Apr 27, 2018 12:49 PM | Report Abuse I just ordered a container of eggs, keep until agm should be bad already. These directors need the eggies badly |
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| Stock: [KSL]: KSL HOLDINGS BHD Apr 27, 2018 12:47 PM | Report Abuse Anyone going to the agm? |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 27, 2018 9:27 AM | Report Abuse On the 24th, I bought 30k shares, the other 500k bought by LTH, another 500k on the 25th. Today continue fishing |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 20, 2018 11:36 AM | Report Abuse Renounceable rights, you can sell off to other ppl once you get it if you don't intend to subscribe |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 18, 2018 6:30 PM | Report Abuse Just kidding, LTH is buying low from those desperate sellers. LTH is not putting huge buy queue. But queuing small volume at lower price. Looks like LTH is playing it well this time |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 18, 2018 6:08 PM | Report Abuse You ppl sell until LTH scared, don't dare to queue, wahaha |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 17, 2018 12:01 PM | Report Abuse Some will sell the OR, but someone will buy it coz they only need 0.35 to get a new share, maybe LTH will |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 17, 2018 5:21 AM | Report Abuse That's why I'm saying this RI is strange, it doesn't raise a lot of cash to cover the debt and capital that's needed in the next few years (only wanted to raise minimum 60M, but I guess they'll get 100M from 310M share base). At the same time, LTH is buying in aggressively at ABP close to 0.80 |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 16, 2018 6:53 PM | Report Abuse And RI is not something you can do one time, not enough? Do again. Still not enough? Do a few more times lo. Think behind the scene. Dare to dream, cheers |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 16, 2018 6:46 PM | Report Abuse This is just my guess, but it's a bit strange to do an RI to raise a minimum 50-100M only. It's either they are very confident of making 200-300M in the next couple of years or they are expecting someone to pour money to them, or maybe both. Mind you, development of sg long's land need a lot of funds |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 16, 2018 6:38 PM | Report Abuse Btw, LTH don't have to push up the price like someone said earlier. Simply do a joint venture, LTH put in money, symlife put in land, sama sama develop, the share price will shoot to the roof already |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 16, 2018 6:34 PM | Report Abuse Looks like there are many other ppl who think like me - that the RI is a good deal |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 16, 2018 6:32 PM | Report Abuse Even with rights issue, there have other parties acquiring along with LTH. You can see that LTH buys around 50-70% of daily volume. Some other ppl with deep pockets also willing to buy at current price and plus 0.35 to get a new share |
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| Stock: [SAPNRG]: SAPURA ENERGY BHD Apr 11, 2018 4:44 PM | Report Abuse This is one mf record volume. They really use this counter to raise election fund!! |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 11, 2018 7:10 AM | Report Abuse 1B unbilled sales will translate to net profit between 150 - 300M (current profit margin is 30%), which will be realized in the next two years. Conservatively, each year will realize 150/2 = 75M
Before rights
EPS = 75M/ 310M shares = 0.24
Assume PE8 1.92, PE6 1.44
After rights, most likely share base will double to 620M
EPS = 75M/ 620M shares = 0.12
Assume PE8 0.96, PE6 0.72
Compared to theoretical ex price 0.55 (based on 0.735), it's still cheap, more than 30% upside at PE6
If using 300M net profit, the figures above will double. So, it seems that potential profits from the unbilled sales can easily support the enlarged share base.
What's more interesting is the prospects after the completion of Star residences. If TH participates in the development of sg long's land, it will be a major up-rating for symlife |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 11, 2018 6:51 AM | Report Abuse theoretical ex price 0.58 - rights subscription 0.35 = 0.23
TH most likely knew and supported this exercise beforehand. Azman cannot vote as an interested party, so other major shareholders will decide whether this proposal will go ahead. TH will be a deciding factor because it owns more than 6.3%, and most of the stakes were acquired at 0.80 in the past one month. If you find TH is still buying on 10th April, it suggests positive development in the near future |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 10, 2018 11:41 AM | Report Abuse If upon ex symlife trades at 0.80, then each OR worth 0.23, which you can sell off. But until then there should be two QRs - May and Aug and the dividend. Both QRs should be very good. Buy or sell you decide |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 10, 2018 6:20 AM | Report Abuse The ultimate goal of this exercise is to increase the share base for institutional participation, although it also raises some cash to improve the gearing. At only 0.35 per rights and the major shareholder committed to 40% of the rights, you can see that it is confident of the strong earnings in the coming QRs to pare down the debts |
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