Highlights
KLSE: FOCUS-PA (0116PA)       FOCUS DYNAMICS GROUP BERHAD ACE : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.015   -0.005 (25.00%)  0.01 - 0.02  105,128,400

Overview

Type:Preference Shares
Sector:
Listing Date:Dec 03, 2020
Maturity Date:Nov 26, 2030
Issue Size:2,044,266,042
Exercise Price:MYR 0.55
Ratio: 10:1
Underlying Stock:FOCUS
Avg Volume (4 weeks):0
4 Weeks Range:0.01 - 0.09
52 Weeks Range:0.01 - 0.125

Additional Info

Announcement: [Dec 02, 2020] Profile for Securities of PLC
Issuer:-
Description:NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN FOCUS DYNAMICS GROUP BERHAD ("FOCUS") (''ICPS'') ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,044,266,157 NEW ICPS AT AN ISSUE PRICE OF RM0.055 PER ICPS TOGETHER WITH UP TO 3,066,399,235 FREE DETACHABLE WARRANTS IN FOCUS (''WARRANTS D'') ON THE BASIS OF 2 ICPS TOGETHER WITH 3 FREE WARRANTS D FOR EVERY 6 EXISTING ORDINARY SHARES IN FOCUS HELD BY THE ENTITLED SHAREHOLDERS OF FOCUS AT 5.00 P.M. ON 4 NOVEMBER 2020 ("ENTITLED SHAREHOLDERS")
Trade this stock for as low as 0.05% brokerage. Find out more.

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firehawk Remarks :
The ICPS may be converted into new fully-paid ordinary shares in Focus (''Focus Shares'' or ''Shares'') at the conversion price of RM0.550 (''Conversion Price'') in the following manner:-

(i) by surrendering for cancellation the ICPS with an aggregate issue price of the ICPS equivalent to the Conversion Price, subject to a minimum of 1 ICPS and a maximum of 10 ICPS for every 1 new Share; and

(ii) by paying the difference between the aggregate issue price of ICPS surrendered and the Conversion Price, if any, in cash, for every 1 new Share

Premised on the terms of the ICPS, subject to adjustments, the ICPS can be converted into new Shares on any market day commencing on and including the issue date of the ICPS up to and including the maturity date of the ICPS. Any remaining ICPS that are not converted by the maturity date shall be mandatorily converted into new Shares at the conversion ratio of 10 ICPS for every 1 new Share.

If the conversion results in a fractional entitlement to the Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.

If the maturity date of the ICPS falls on a non-market day, then it will fall on the preceding market day.

This announcement is dated 2 December 2020.
04/12/2020 7:27 AM
Johntee Is this pa currently undervalued ? If 10 pa can convert to 1 mother shares, that mean we only need 250 to have one mother share which currently worth 480? Kindly correct me if my calculation is wrong
05/04/2021 9:34 PM
greedy44444 Yes... you're absolutely correct
08/04/2021 1:46 AM
greedy44444 Crazy seller cashing out fast before SC and police frozen their trading account for their involvement with money game activities, you know who's the big boss, right ?
08/04/2021 1:48 AM
BLee @Johntee, I think it is April Fool offer (price drop around 1st April) with limited period until price balance out. Grab it if you dare? Happy Trading
08/04/2021 10:40 AM
BLee 2.5sen tickets all gone for now..Happy Trading
08/04/2021 10:56 AM
Anti_banker PA sellers why Bursa no news unlike mother?
08/04/2021 4:23 PM
greedy44444 No sell and buy update for ICPS
09/04/2021 8:21 AM
greedy44444 Only the number of conversion units
09/04/2021 8:21 AM
greedy44444 Only got news for mother share and warrant
09/04/2021 8:22 AM
newbie5354_ Will today 1.5 sen PA lowest? Possible PA can become 0.5-1 sen later?
09/04/2021 2:51 PM
greedy44444 Buy and keep...still got 9 years left before expired
09/04/2021 3:26 PM
persie Why got many sellers today ?
09/04/2021 5:34 PM
greedy44444 Sellers having memory lost... maybe he thought pa expired next week...lol
09/04/2021 5:59 PM
BLee LOL, only warrants will expired to zero value. ICPS will mature on set date i.e. auto convert to mother share. If liquidated, preference share will be paid in priority over mother shares holder, i.e. lower risk. For info, I have taken the risk to get in 2.5 sen on Thursday and 2 sen on Friday. Average price now 2.25sen. Happy Trading
10/04/2021 4:18 PM
persie How does icps work ? Could we only concert by having 10 icps to 1 ordinary share by paying nothing? And when maturity date, can it automatically convert to ordinary share ?
11/04/2021 2:21 PM
BLee @persie, all details of Focus-PA are in the prospectus, link https://www.klsescreener.com/v2/announcements/view/3256163
Ans: 10 Focus-PA can be converted into 1 mother share without extra payment. Each Focus-PA worth 5.5sen during conversion regardless how much you pay during purchase in open market. Will auto convert upon maturity. Happy Trading
11/04/2021 9:37 PM
persie BLee.. How can i have to pay 5.5c since I purchase pa 1.5c in open market without extra payment during conversion ?
11/04/2021 11:29 PM
BLee @persie, the original subscriber already paid 5.5sen (base value, take it as loan stock with a fixed value), hoping to gain a profit from this ICPS issuance. Somehow, you managed to purchase lower than the issuance price. Based on the conversion ratio of 1:10 to make up 55sen i.e. 5.5sen x 10 ICPS or minimum 1 ICPS (value at 5.5sen) plus cash to make up 55sen, you can convert to mother share. If by the time (8 working days needed for conversion) mother price still above your contributed equivalent investment, you can sell with a profit. Happy Trading
12/04/2021 1:10 AM
Not_logic If they paid 5.5 sen why sell at 1.5-2 sen can make $?

BLee @persie, the original subscriber already paid 5.5sen (base value, take it as loan stock with a fixed value), hoping to gain a profit from this ICPS issuance. Somehow, you managed to purchase lower than the issuance price. Based on the conversion ratio of 1:10 to make up 55sen i.e. 5.5sen x 10 ICPS or minimum 1 ICPS (value at 5.5sen) plus cash to make up 55sen, you can convert to mother share. If by the time (8 working days needed for conversion) mother price still above your contributed equivalent investment, you can sell with a profit. Happy Trading
12/04/2021 1:10 AM
12/04/2021 4:19 PM
BLee @Not_logic, don't forget the free 'sweetener' warrants given with the subscription? Also, the 'herd' mentality of 'negative' news? I really don't have the answer why selling when mathematical still profitable? I believed the subscription $ still not spend yet on the intended purpose; so Focus-PA still secure? Happy Trading
12/04/2021 9:15 PM
newbie5354_ W how much? Is it 1 for 1 PA subscribed?
13/04/2021 1:30 AM
BLee @newbie5354_, it is 3W for every 2 ICPS subscribed. "FREE DETACHABLE WARRANTS IN FOCUS (''WARRANTS D'') ON THE BASIS OF 2 ICPS TOGETHER WITH 3 FREE WARRANTS D".
Hypothetically (cerita dongeng), if subscriber sold warrants D at first day of trading at 7.5sen (figure from graph and 52w high), Focus-PA holding cost free with handsome profit. So it is not a bad idea to subscibe some of this RI. Happy Trading
13/04/2021 9:39 AM
fearhad can the price go higher? i want to dump this stock
14/04/2021 11:39 AM
wee2000 looks like collection mode now. but there must be a price movement in 7 days time.
14/04/2021 2:15 PM
BLee @investor2021trading, please refer link for conversion details:
https://www.klsescreener.com/v2/announcements/view/3272031
"maximum of 10 ICPS for every 1 new Share" means 10 of 5.5sen equal 55sen for 1 new share, no extra payment required. Happy Trading
14/04/2021 9:04 PM
Yw Leong Think twice before conversion as the mother share is now below 0.4 and the PA is not expiring soon
14/04/2021 9:16 PM
wee2000 if u want to convert now & got your PA at 0.02, u will just need 10 x 0.02 = 0.2 costing for 1 mother share.

as long as u use 10 PA to convert, u will get 1 mother share, regardless how much u bought the PA.
14/04/2021 9:34 PM
Yw Leong The conversion will take >8 days so is there anyone can guarantee the gain after conversion ?
14/04/2021 9:56 PM
BLee @investor2021trading, 1 ICPS is worth 5.5sen upon conversion no matter how much you buy. To convert or not, up to individual. Happy Trading
14/04/2021 10:19 PM
Fatman Can you convert your PA. now? I thought the PA will expire on 2030?
16/04/2021 3:05 AM
wee2000 u may convert ICPS anytime, only RPS will have to wait for the expiry. But do allow 2 weeks time for the processing
16/04/2021 1:48 PM
hw223 better don't convert, sharks waiting there to dump their holdings!
18/04/2021 10:07 AM
wee2000 yup, now there's no point for the conversion..
18/04/2021 10:11 PM


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