Highlights
KLSE: SSTEEL-LB (5665LB)       SSTEEL-LB MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.00   0.00 (0.00%)  0.00 - 0.00  0

Overview

Type:Loan Stocks
Sector:
Listing Date:Jan 30, 2015
Maturity Date:Jan 24, 2020
Issue Size:-
Exercise Price:MYR 1.05
Ratio:
Underlying Stock:SSTEEL
Avg Volume (4 weeks):0
52 Weeks Range:0.70 - 0.92

Additional Info

Announcement: [Jan 29, 2015] Profile for Loan Stocks
Issuer:-
Description:5-year 5% redeemable convertible unsecured loan stocks (“RCULS”)
Trade this stock for as low as 0.05% brokerage. Find out more.

  Be the first to like this.
 
Solo Can someone explain to me how does this LB work?
28/04/2017 11:21 AM
gforce2 SSTEEL-LB is a loan stock, with fixed interest repayments of 5% (5 sen/yr, paid at half-yearly intervals), from 2015-2020. As far as I can figure, it is a 1:1 conversion to mother share (The RM1.05 exercise price refers to the initial price to buy the loan stock in 2015). Conversion can be done at any time, via your remisier/brokerage.

The reason for the low volume is because -LB stockholders were getting 5 sen annual returns (better than FD) while mother share had no dividend since 2014.

Given that the mother share just declared a 3 sen dividend ... you can expect some interest in this counter, as a cheaper entry to own the mother share.
Note that at RM1.40, loan stock interest works out to only 3.57% p.a.


References:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4205517
http://www.bursamalaysia.com/market/listed-companies/company-announcements/3644697
28/04/2017 2:36 PM
Jimmy Lim cheap.
15/08/2018 10:03 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends
 
 

360  744  441  434 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 BORNOIL 0.075+0.025 
 TRIVE 0.02+0.01 
 EDUSPEC 0.025+0.01 
 NETX 0.0150.00 
 PHB 0.04+0.005 
 XOX 0.29+0.02 
 XDL 0.085+0.015 
 ORION 0.135+0.045 
 NICE 0.40+0.17 
 PHB-WB 0.0250.00 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers