KLSE: L&G-LA (3174LA)       LAND & GENERAL BHD-ICULS 13/18 MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.00   0.00 (0.00%)  0.00 - 0.00  0


Type:Loan Stocks
Listing Date:Sep 30, 2013
Maturity Date:Sep 24, 2018
Issue Size:-
Exercise Price:MYR 0.20
Underlying Stock:L&G
Avg Volume (4 weeks):0

Additional Info

Announcement: [Sep 26, 2013] Profile for Loan Stocks
[Apr 14, 2017] Profile for Securities of PLC (Amended Announcement)
Description:Five (5)-year, 1%, irredeemable convertible unsecured loan stocks (“ICULS”) issued pursuant to the Rights Issue of ICULS
Trade this stock with 3 x trading limit. Find out more.

  ben10 likes this.
sephiroth can't convert online, must fill up the form, page 3, (A) debit yr loan stock, (B) credit mother shares
30/07/2014 3:58 PM
TanDavid88 Mr Ooi's pick is correct again. Buy and hold for 2 to 3 months to win big is his strategy.
30/07/2014 4:03 PM
zelmel So mean no matter what price we buy just add extra 13 sen for the amount we buy?
30/07/2014 4:18 PM
wwwcomment i think is like this: now the price is 0.48, so total cost incur is 0.48+0.26 to get one mother share?
30/07/2014 4:21 PM
sephiroth yup, even u buy now at 0.49 (+0.13) vs mother share price, sudah untung kaw kaw mah but only downside 8 working days to convert
30/07/2014 4:22 PM
wwwcomment what is the meaning of "by surrendering RM0.13 nominal value of ICULS"?
30/07/2014 4:23 PM
wwwcomment my understanding is price of ICULS cut by 0.13 and on top of that pay another 0.13, so total 0.26? sorry i am confused.
30/07/2014 4:29 PM
sephiroth very simple, just pay RM130 to convert 1,000 loan stock to 1,000 mother share
30/07/2014 4:36 PM
JXRepcoBuffet a lot of ppl confusing now... all just follow sephiroth, he is right. Just RM130 for each LA u bought.
30/07/2014 4:53 PM
dukuking y la only 50cents,n mother up to 0.675,[0.50 +0.13 =0.63],hope tomorrow is the show for la
30/07/2014 4:56 PM
tjhldg kikikikiii
30/07/2014 5:48 PM
dukuking 买一张la0.50加0.13可以换一张价值0.68的母股,超划算
30/07/2014 8:01 PM
jian9009 yup you are right ^^ .... but have some difficulties to convert it .... need to fill up a form and then send it .... cost your time
31/07/2014 7:59 AM
Ravi Kumar This is a real undervalued counter with potential to hit 1.20++++ easily by year end.
31/07/2014 8:20 AM
investor88 Norwegian fund Noges allots RM800mil to invest in Malaysian small, mid-cap stocks

31/07/2014 8:56 AM
tanyuethan i converted earlier. didnt receive the dividend oso
31/07/2014 9:02 AM
JXRepcoBuffet if i don't convert, and if there's any bonus issue, this LA will be adjusted accordingly or not?
31/07/2014 2:39 PM
Ravi Kumar To those who sold thank you very much I collect.
01/08/2014 10:56 AM
stockguru Bravo to L&G stock !
01/08/2014 1:00 PM
Ravi Kumar Undervalued and not speculative!!!!
01/08/2014 1:03 PM
Ravi Kumar This is worth at least 55 sen based on the mother share of 68 sen
01/08/2014 2:34 PM
Gji Gan Come on 0.55, jalan jalan ,kikikii
11/08/2014 11:19 AM
Kesley Tan just submit my conversion form
11/08/2014 3:55 PM
Kesley Tan hot cakes now
12/08/2014 3:04 PM
Gji Gan Gogogo
12/08/2014 4:17 PM
Kesley Tan standing at all time high. tml will retest 55
13/08/2014 12:21 AM
Gji Gan Gogogo 0.55
13/08/2014 9:14 AM
fishbone I've been holding it since the first day it's launched
18/08/2014 12:23 AM
Kesley Tan what is this loan stock interest?
24/08/2014 10:41 PM
beso 1%
25/08/2014 5:57 PM
andyhard L&G-LA going to burst
22/01/2015 9:44 AM
tssl74 dear all,
any update for L&G-LA?
hold for quite long.
Worth holding?
21/04/2015 9:57 AM
Holy Cow a dead stock. keep on dropping. no volume. although cash rich but couldnot perform. useless.
25/06/2015 11:56 AM
leslieroycarter iculs 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...
20/10/2015 12:28 PM
chinesetehping Hai, 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
20/09/2016 10:35 PM
huat888 Hi! 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.
21/09/2016 10:42 AM
valueinvestor There 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.
22/09/2016 10:30 PM
chinesetehping Thank you huat888.
Thank you valueinvestor for the detail explanation. :)
23/09/2016 12:46 AM
chinesetehping Another 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??)
23/09/2016 1:30 AM
Eric Fong To convert to mother share, there are 2 option:

1) 2 ICULS change for 1 mother share
2) 1 ICULS + RM0.13 for 1 mother share
23/09/2016 1:45 AM
Eric Fong ICULS now is RM0.28 + RM0.13 = RM0.41
Worth to buy and convert now.
23/09/2016 1:45 AM
tssl74 L&G-LA kept dropping.
What is the next best step of action????
03/11/2016 10:13 AM
luckyman The 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.
02/04/2017 1:43 PM
luckyman http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=179662&name=EA_DS_ATTACHMENTS
20/04/2017 10:16 PM
The_Reds Luckyman..can i buy it on9 and convert ?
05/05/2017 10:43 PM
tssl74 Luckyman, have you convert?
if not, when is the best time to do so?
08/06/2017 4:35 PM
luckyman http://klse.i3investor.com/m/blog/www.eaglevisioninvest.com/127412.jsp
10/07/2017 11:59 AM
Steven Yit If buy now 0.15. How to calculate chg to mother share
04/12/2017 4:38 PM
kilrathi Any updates on l&g-la? Price keeps down..??
06/04/2018 12:38 AM
Hitto Anyone know how to fill the conversion form?
28/06/2018 11:57 AM

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