http://gainvestor10sai.blogspot.my/2016/07/tomypak-wa-unveiled.html

You can click at the link above to view also.

TOMYPAK-WA's first listing date on 5 July 2016. Its price went limit up because of its reference price is 0.005. Even before Bursa's 9am clock tick off, we saw an whooping volume queuing to buy at 0.305. When it is 9am, the TOMYPAK-WA gapped up and limit up at 0.305. (Refer to the snapshot from my RHB TradeSmart App on the right). Congratulations to those who subscribed the rights issue and in return, you had been awarded with the warrants.

But the main thing is not about the stock price. The main thing is the calculation of the TOMYPAK mother share price after the EX date, TOMYPAK-OR price and also TOMYPAK-WA. I had been figuring it out for a long time and luckily i met a friend who helped me a lot. Special credit to my friend, Mr小李飞刀 for his guidance and teaching.

If you like my way of analysis and you haven't join me in my facebook, appreciate if you could like my FB page, https://www.facebook.com/gainvestor10sai/?fref=ts

Thank you^^

Let's start. Step by step: [1][2][3]

Step 1: Understand what is the rationale of the proposal (Rights Issue)[1]

Step 2: Gather the information of these items:

a) The Entitlement of the OR and WA[1]

b) The Par Value of the Mother Share[2]

c) Issue Price of OR[2]

d) The EX Date of the Exercise[2]

e) The Important Relevant Dates for Renounceable Rights[3]

f) The Conversion/Exercise Price of WA[1]

Step 3: You can calculate the OR listing price and WA listing price with some assumptions and basis.

Above is the step by step on the information required. Once we gathered all the information, it will be easier for us to calculate.

Calculations of the Adjusted Mother Share, OR Listing Price and WA Listing Price

Step 1: The Rationale of the Proposal

The proposal is meant for business expansion. TOMYPAK is expected to raise minimum RM27.438 million to maximum RM54.734 million. Around 61% of the rights issue will be used for construction of a new factory building, 29% will be used to purchase machineries, equipment and other anciliary facilities, 9% will be used for working capital while 1% will be used for the rights issues expenses[4].

Step 2: Data Gathering:

a) The Entitlement of the OR and WA

Basis of ONE (1) RIGHTS SHARES for Every Two (2) Existing TOMYPAK Shares, together with FREE DETACHABLE WARRANTS on the basis of ONE (1) WARRANT for every ONE (1) RIGHTS SHARE subscribed.

b) The Par Value of the Mother Share

Par Value: 0.50

c) Issue Price of OR

Issue Price: 1.00

d) The EX Date of the Exercise

EX Date: 1 June 2016

e) The Important Relevant Dates for Renounceable Rights

f) The Conversion/Exercise Price of WA[1]