Highlights
KLSE: AGES-PA (7145PA)       AGESON BERHAD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.05   0.00 (0.00%)  0.00 - 0.00  0

Overview

Type:Preference Shares
Sector:
Listing Date:Mar 19, 2020
Maturity Date:Mar 10, 2030
Issue Size:315,787,096
Exercise Price:MYR 0.13
Ratio: 13:1
Underlying Stock:AGES
Avg Volume (4 weeks):53,393,650
4 Weeks Range:0.015 - 0.05
52 Weeks Range:0.005 - 0.05

Additional Info

Announcement: [Mar 18, 2020] Profile for Securities of PLC
Issuer:-
Description:i. Issuance of new irredeemable convertible preference shares in Ageson Berhad (formerly known as Prinsiptek Corporation Berhad) ("Ageson") ("ICPS") to the entitled shareholders of Ageson pursuant to the renounceable rights issue of 3,860,754,392 new ICPS on the basis of 13 ICPS for every 1 existing ordinary share in Ageson held as at 5.00 p.m. on Wednesday, 19 February 2020 at an issue price of RM0.01 per ICPS; and ii. Issuance of 750,000,000 ICPS to Daya Intelek Usahasama Sdn Bhd for the acquisition by Prinsiptek Properties Sdn Bhd, a wholly-owned subsidiary company of Ageson, of a parcel of development land measuring 7,395 square metres identified as Lot No. PT 129 held under Title No. H.S.(D) 18991, Section 1, Town of Batu Ferringi, District of Timor Laut, Pulau Pinang for a purchase consideration of RM57.00 million to be satisfied via combination of RM49.50 million in cash and RM7.50 million in issuance and allotment of 750,000,000 ICPS at an issue price of RM0.01 per ICPS
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  krishfiona likes this.
 
krishfiona Hope it passes at least the 0.04 mark
17/04/2020 5:31 PM
stevie2k yeah hope so,mother perform today
17/04/2020 5:41 PM
Goodprofit last Friday i saw 1.5sen but 2.0 sen they block it , like a bit trap i feel it.
19/04/2020 12:45 PM
camelwong block at 0.02 ,exercise price 0.13, so mother share block at 0.15, that means tp is 0.15
20/04/2020 3:07 AM
stockjobber The same operator from ARBB-PA where the price shot up from .03 to .295 in a short span of 4 months is now in Ages-PA, wishfully they will repeat the same
20/04/2020 9:10 AM
krishfiona Market not in full force yet, so there is still hope!
20/04/2020 10:17 AM
krishfiona Worth waiting, really
05/05/2020 9:20 AM
simon3618 buy buy buy
05/05/2020 11:56 AM
Umbrella Corp sapu Ageson share today while stock last......................
05/05/2020 12:38 PM
camelwong 0.025+0.13=0.155, cheaper than mother share 0.18
05/05/2020 3:37 PM
camelwong buy and wait ,pa will chase up.
05/05/2020 3:41 PM
stockjobber camelwong....Actually its 0.025+0.12=0.145 ! you have to deduct 0.01 being the issue price of PA
05/05/2020 4:18 PM
camelwong i bought some at 0.025.
05/05/2020 5:04 PM
JayC88 calculation is wrong, the ratio is 13:1 mind you
06/05/2020 2:38 AM
firehawk The calculation is correct!

There are a few methods to covert, this is the ii method! (refer below)


----------------------------------------------------------
Remarks :
The ICPS can be converted into new Ageson Shares at the conversion price of RM0.13 ("Conversion Price") in the following manner:

i. by surrendering 13 ICPS to be converted into 1 new Ageson Share; or

ii. a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS surrendered, and paying the difference between the aggregate value of the ICPS surrendered and the Conversion Price in cash for 1 new Ageson Share.

Premised on the terms of the ICPS, the ICPS can be converted into new Ageson Shares at any time within 10 years commencing on and including the date of issue of the ICPS up to and including the maturity date (as indicated above), as determined by the conversion ratio and Conversion Price. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Ageson Shares at the conversion ratio of 13 ICPS for 1 new Ageson Share.

If the conversion results in a fractional entitlement to Ageson 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 18 March 2020.
06/05/2020 9:05 AM
JayC88 ops i am wrong then. sorry!
06/05/2020 10:22 AM
susu is that mean PA price of 0.025 + 0.13 to convert to 1 mother share? total cost of 0.155 is cheaper than mother?
08/05/2020 10:20 AM
靓女 phoon phoon Actually its 0.025+0.12=0.145............But for me i just buy PA, wait for price surge, easily earn a cool 20%-100%! Convert needs to put in more money and time.........cheers guys
08/05/2020 2:15 PM
warnersky For conversion you have to exchange with equilibrium cash. For example if mother share is 0.2 and PA is only 0.02, you still need to top up 0.18 to make it having same worth with mother share. Unless the stock value up till 0.04 then 0.16 is required.

So both up together is the best way.
12/05/2020 12:05 AM
camelwong warnersky, no such method!should be pa market price plus exercise price ,0.02+0.13=0.15 convert to mother share.
12/05/2020 3:54 PM
GOD Of KLSE Its PA current price plus 0.12 cents guys!
13/05/2020 6:01 PM
O'Brian Looking for a piece of gold now, nice....
14/05/2020 12:18 PM
KennyDowJones O'Brian, you should say your looking at a piece of GOLD now!
14/05/2020 1:01 PM
teareader818 Why mother already 0.18 but son still stuck at 0.02?
14/05/2020 4:58 PM
kimhung where to get the form to convert PA to mother shares?
15/05/2020 1:44 PM
susu i was told need to get conversion form from company registrar. who have a copy?
16/05/2020 11:09 AM
pari57 Consult your remisier maa.
16/05/2020 1:18 PM
pari57 Conversion price PA 2c + 13c total u have to pay is 15c only
16/05/2020 1:23 PM
682pujut2b Conversion is 1 PA + 12 Cents.
Each PA is treated as 1 cent by AGES in the conversion to mother share.
One can convert 13 PA for 1 mother share but of course no one would do that.
19/05/2020 2:38 PM
TSFH Guys, If you look into DBT, you can see latest conversion price is 15.5c
19/05/2020 2:40 PM
682pujut2b https://www.klsescreener.com/v2/announcements/view/3131938

AGESON BERHAD
Instrument Category Securities of PLC
Instrument Type Preference Shares
Description
i. Issuance of new irredeemable convertible preference shares in Ageson Berhad (formerly known as Prinsiptek Corporation Berhad) ("Ageson") ("ICPS") to the entitled shareholders of Ageson pursuant to the renounceable rights issue of 3,860,754,392 new ICPS on the basis of 13 ICPS for every 1 existing ordinary share in Ageson held as at 5.00 p.m. on Wednesday, 19 February 2020 at an issue price of RM0.01 per ICPS; and ii. Issuance of 750,000,000 ICPS to Daya Intelek Usahasama Sdn Bhd for the acquisition by Prinsiptek Properties Sdn Bhd, a wholly-owned subsidiary company of Ageson, of a parcel of development land measuring 7,395 square metres identified as Lot No. PT 129 held under Title No. H.S.(D) 18991, Section 1, Town of Batu Ferringi, District of Timor Laut, Pulau Pinang for a purchase consideration of RM57.00 million to be satisfied via combination of RM49.50 million in cash and RM7.50 million in issuance and allotment of 750,000,000 ICPS at an issue price of RM0.01 per ICPS
Listing Date 19 Mar 2020
Issue Date 11 Mar 2020
Issue/ Ask Price Malaysian Ringgit (MYR) 0.0100
Issue Size Indicator Unit
Issue Size in Unit 4,610,754,392
Maturity Mandatory
Maturity Date 10 Mar 2030
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate Not Applicable
Coupon/Profit/Interest/Payment Frequency Not Applicable
Redemption Not Applicable
Exercise/Conversion Period 10.00 Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR) 0.1300
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 13:1
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Tendering of securities
Settlement Type/ Convertible into Physical (Shares)
19/05/2020 2:51 PM
682pujut2b Remarks :
The ICPS can be converted into new Ageson Shares at the conversion price of RM0.13 ("Conversion Price") in the following manner: i. by surrendering 13 ICPS to be converted into 1 new Ageson Share; or ii. a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS surrendered, and paying the difference between the aggregate value of the ICPS surrendered and the Conversion Price in cash for 1 new Ageson Share. Premised on the terms of the ICPS, the ICPS can be converted into new Ageson Shares at any time within 10 years commencing on and including the date of issue of the ICPS up to and including the maturity date (as indicated above), as determined by the conversion ratio and Conversion Price. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Ageson Shares at the conversion ratio of 13 ICPS for 1 new Ageson Share. If the conversion results in a fractional entitlement to Ageson 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 18 March 2020.
19/05/2020 3:07 PM
GOD Of KLSE Buy more Ageson pa now, sure 100k turn into 1million!
20/05/2020 6:13 PM
682pujut2b In the scenario when all the PA are converted, AGES would successfully raise an additional RM550m of share capital from the PA conversion at 12 cents + 1 PA (issued at 1 cent). This would be essential for AGES to undertake very large projects.
22/05/2020 7:34 AM
calvinteo Noticed huge volume transacted from 2.30pm at 0.03 sen n likely can achieved 100M transacted today.

Demand > supplier now n sellers q become lesser n lesser for 3.5 sen onward.

For conversion, PA (3 sen ) + 12 sen (conversion price) = 15 sen n imo still higher safety of margin as mother price currently trade around 16 sen despite 10 years duration for conversion.

May be it is a good signal for pre-Hari Raya ang pow preparation?

Note: TAYOR
22/05/2020 4:08 PM
camelwong start moving up, chase.
22/05/2020 5:27 PM
EagleEye hey guys, unrelated to this counter, on a side note, this news below might trigger this counter, maybe can go for a quick bite.

Orion (0079)

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3052644
23/05/2020 1:46 AM
SingInvestor Greats. Move up slowly and don`t rush.
27/05/2020 11:07 AM
BlackWhite How far it can go this PA, will burst or not
27/05/2020 3:31 PM
SingInvestor Expiry date still long way to go so buy and keep inside a safe box and open it 5 yrs later may become Gold bar. ;-)
27/05/2020 7:26 PM
Tripaka Five years later become ashes already.
27/05/2020 7:50 PM
BlackWhite Did they announce their result
28/05/2020 9:58 AM
Goodprofit the result could be worst
28/05/2020 4:16 PM
camelwong q3 net profit 10m. eps 1.77 . pe 3.95
01/06/2020 12:40 PM
camelwong q4 not yet announced.
01/06/2020 12:41 PM
camelwong sorry, above are actually for dps. i made a mistake.
01/06/2020 12:45 PM
Josephine Tan Su May Nice price.....
01/06/2020 5:52 PM
Goodprofit PA should be 6sen by tomorrow
01/06/2020 7:58 PM
BlackWhite 6sen seems to be the limit as mother is worth 19sen only for now
02/06/2020 5:08 PM
Rosli Mohamad yea maybe soon rm 0.06
03/06/2020 12:07 AM


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