Highlights
KLSE: DWL-PA (7165PA)       SPRING GALLERY BERHAD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.22   +0.01 (4.76%)  0.21 - 0.23  117,000

Overview

Type:Preference Shares
Sector:
Listing Date:Apr 19, 2016
Maturity Date:Apr 07, 2021
Issue Size:522,500,000
Exercise Price:MYR 0.60
Ratio: 10:1
Underlying Stock:DWL
Avg Volume (4 weeks):2,353,870
4 Weeks Range:0.205 - 0.74
52 Weeks Range:0.16 - 1.08

Additional Info

Announcement: [Apr 18, 2016] Profile for Securities of PLC
[Apr 19, 2016] Profile for Securities of PLC (Amended Announcement)
Issuer:-
Description:SPRING GALLERY BERHAD ("SGB" OR THE "COMPANY") Issuance of 522,500,000 new irredeemable convertible preference shares of RM0.05 each in SGB ("ICPS") to the entitled shareholders of SGB pursuant to the renounceable rights issue of up to 522,500,000 ICPS on the basis of five (5) ICPS for every one (1) existing ordinary share of RM0.50 each in SGB ("SGB Share" or "Share") held as at 5.00 p.m. on 21 March 2016 ("Entitlement Date"), together with up to 52,250,000 free detachable warrants ("Warrants") on the basis of one (1) Warrant for every ten (10) ICPS ("Rights Issue of ICPS With Warrants")
Analyze this stock with MQ Trader system

 
ktsk88 Those that stucked in PA n warrant at high price either sell and realized the losses or convert hoping that the mother price can sustained at current level and they can sell after the conversion is completed.

Else just hold and keep as the fund being tied down until the new quarter results is out in May'16.
30/04/2016 12:26 PM
GoodBoy Let us work on the cost of PA for those subscribe to PA ..... they paid 0.60 for 10PA + 1WA .... they shld hv sold WA at around 0.25 ..... so, their cost for PA is ( 0.60 - 0.25 ) divide by 10 .... 0.035 per PA .... if they convert to mother it's only 0.035 + 0.54 = 0.575 ..... but, i don't think the majority shareholder would allow the mother to drop to below 0.60 ( PA @ 0.06 ) coz ppl can accumulate PA then convert to mother share to take control of the board ..... this is only my 2 cents view ....
30/04/2016 1:35 PM
GoodBoy So, it's very obvious that somebody will support PA @ 0.06 ..... hopefully .....
30/04/2016 1:39 PM
GoodBoy I will b the first one to buy if price of PA drop to below 0.06 ..... as many as possible .....
30/04/2016 1:58 PM
GoodBoy If ppl not willing to sell PA @ lower price, eventually someone will hv to buy back to safeguard their interest in tbe board ..... price will gradually move up .... depending on supply n demand ...... all the best to PA holder .....
30/04/2016 2:11 PM
GoodBoy I will cautiously adding ..... who knows they might sell all n run away ..... hahaha ...... cheers .....
30/04/2016 2:32 PM
taitaumau SGB is tightly held by less than 100 shareholders holding > 90% of paid-up capital and would have been probably cornered by syndicate prior to the listing of preference shares & warrants. The shares have been pumped from 0.69 to 1.23 since listing date on 19 April. As conversion period only takes 8 trading days, additional SGB shares arising from conversion of pa to be listed anytime from now.
Dumping may begin soon. How low will pa be dragged down ??

Be cautioned.
30/04/2016 3:05 PM
GoodBoy I guess a lot of ppl waiting to collect PA @ below 0.06 ...... the lower the better ......... hahaha ......
30/04/2016 4:03 PM
GoodBoy If i buy 10PA @ 0.01 to convert to mother is 0.10 only ..... 10PA @ 0.02 to mother = 0.20 .... 10PA @ 0.03 to mother = 0.30 .... 10 PA @ 0.04 to mother = 0.40 ..... 10 PA @ 0.05 to mother = 0.50 ..... 10 PA to mother = 0.60 ...... not sure how low PA can go down ..... can't wait to see it happen next week ......
30/04/2016 4:29 PM
GoodBoy Pls don't mention it to too many ppl, otherwise we are unable to add more at lower price ..... tq
30/04/2016 5:19 PM
Question Who gain from selling PA at 5.5sen or lower?

taitaumau SGB is tightly held by less than 100 shareholders holding > 90% of paid-up capital and would have been probably cornered by syndicate prior to the listing of preference shares & warrants. The shares have been pumped from 0.69 to 1.23 since listing date on 19 April. As conversion period only takes 8 trading days, additional SGB shares arising from conversion of pa to be listed anytime from now.
Dumping may begin soon. How low will pa be dragged down ??
Be cautioned.
30/04/2016 15:05
30/04/2016 9:50 PM
GoodBoy I m going to tell u a scary story now ..... don't play play .... listen carefully ..... If someone hv 2 SGB shares at 0.65 prior to ex-date, then paid 0.60 to subscribe for 10 PA + 1 WA, later sold mother share at 1.25 n sold WA at 0.25 ..... Now he earned (1.25x2)+(0.25)-(0.65x2)-(0.60) = 0.85 plus 10 PA ...... Wah, actually he can let go PA for free la ...... i better wait for ppl to give me free PA lo ..... hope to get free PA next week ...... cheers ...... goodnight
30/04/2016 11:18 PM
GoodBoy I had a sweet dream last night ...... i received free PA in my dream ..... in reality i don't think can get any PA for free or lower than 0.06 ......
01/05/2016 1:47 PM
GoodBoy Hahaha ..... ok, will talk about serious matter next time ......
01/05/2016 3:34 PM
Hoi Fai if the investor boom, may be you can get, wait, wait and wait
03/05/2016 11:24 AM
Icon8888 Post removed. Why?
03/05/2016 2:50 PM
Koon Bee Paperplane now hide himself under the pillow and cry no tear
03/05/2016 3:13 PM
Hoi Fai boom finish
03/05/2016 3:54 PM
kusmitea Anyone here waiting for his/her conversion of PA? ahaha! Converted mine on last week Thursday!
03/05/2016 5:52 PM
kusmitea If your cost of PA was the peak which is around 11.5sen, your total cost per share (11.5 + 54) should be at today mother share closing price @65.5sen ! Well just hope that storm has gone! I am more than happy to TP at anything above 65.5sen!
03/05/2016 6:10 PM
Kenny Foo from the beginning it's already a trap. it's just that we try to ignore the facts that it is a trap.
03/05/2016 9:46 PM
ktrader flyingkite, i gather your loss is not that much, right?
03/05/2016 10:11 PM
ktrader flyingkite, i gather your loss is not that much, right?
03/05/2016 10:11 PM
ktrader yeaa... i lost too...i play small ...2k+ !
03/05/2016 10:14 PM
chiongster1234 0.6 for mother if kind enough.
03/05/2016 10:21 PM
paperplane I have 2mil shares here.
04/05/2016 6:48 AM
Koon Bee Paper counting loss everyday
04/05/2016 6:49 AM
VenFx Paperplane2016: I have 2mil shares here.

Let's witness another lousy pick from Pon Dan plane2016.
04/05/2016 8:41 AM
nissan12345 push up to 15 c, then nobody to lost
05/05/2016 12:11 AM
paperplane VenFx Paperplane2016: I have 2mil shares here.

Let's witness another lousy pick from Pon Dan plane2016.

04/05/2016 08:41

LETs see
06/05/2016 1:22 PM
sheep down again
06/05/2016 3:26 PM
paperplane Hehe, consolidating
12/05/2016 9:18 PM
paperplane Come f me!come, if you can lah
12/05/2016 9:49 PM
Icon8888 Post removed. Why?
12/05/2016 9:52 PM
KLCI King This forum full of f_ckers, crazy, come on, buy stock earn money enough.
20/05/2016 10:28 PM
KGB008 鸡年 有转机
03/03/2017 10:39 AM
gelong aku mu late bro, dun b late
29/03/2017 11:56 PM
KGB008 鸡年 有转机
05/04/2017 11:31 AM
KGB008 鸡年 有转机
05/04/2017 11:31 AM
gelong kikikiki, bye lo cell hai,
05/04/2017 6:32 PM
gelong aku mu late, ready set go
11/04/2017 12:11 PM
gelong sold
02/05/2017 5:39 PM
gelong aku mu late
28/05/2017 3:37 PM
BetterTomorrow victor chin clear stock , run run dont touch
09/10/2018 10:06 AM
Hohup Wow what happened
09/10/2018 10:17 AM
BetterTomorrow scary, no buyer already, churning own stock sure la
09/10/2018 10:28 AM
BetterTomorrow he own 100% PA. make himself lo
09/10/2018 10:28 AM
BetterTomorrow wah how many second no churning? remisier went toilet?
09/10/2018 10:32 AM
sell No news. Victor Chin pump then dump?
09/10/2018 10:31 PM
Wdlim123 What's happening here?
11/04/2019 4:41 PM


 

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