Koon Yew Yin's Blog
Why is AYS shares placement good for shareholders? Koon Yew Yin
Koon Yew Yin
Publish date: Tue, 02 Nov 2021, 02:35 PM
Koon Yew Yin
0 1,428
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
AYS just announced to place out 10% of its total issued shares at 76 sen per share. Many investors considered this share placement will dilute their interest and they are rushing to dump their holdings because they don’t know the advantages of share placement. Shares placement is good for the company and the shareholders.
All business men aim to list their companies so that they can issue shares to sell for cash. AYS just issued shares to get cash instead of borrowing money from bank to expand its business operation.
My experience in IJM
This reminds me of my experience about 24 years ago when I was a director of IJM Cooperation Bhd. At that time, the company wanted to borrow a large amount of money from the bank to buy more land to build more houses to take advantage of the big demand for houses. Our accountant, Krishnan Tan suggested the company issued ICULS to the existing shareholders instead of borrowing money from the bank.
As all the directors were engineers, we did not know what was ICULS. Krishnan explained that ICULS was irrevocable convertible loan stocks. The company issued ICULS to existing shareholders instead of borrowing money from bank to avoid paying interest charges. Shareholders had the right to convert the ICULS to shares within 5 years at the same price as when the ICULS were issued. Moreover, the company will pay the shareholders 6% per annum for the loan. ICULS is another form of convertible warrants.
All the directors considered Krishnan’s proposal was much better than borrowing money from the bank. As a result, Krishnan was promoted to CEO of IJM. We all have retired. Currently Krishnan is IJM Chairman and a Tan Seri.
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Koon Yew Yin's Blog
KSL is cheapest property stock - Koon Yew Yin
Created by Koon Yew Yin | Jul 22, 2024
Recently one smart accountant pointed out to me that KP Property has millions of Redeemable Convertible Preference Shares (RCPS). This will affect its share price. I sold all my KPP shares to buy KSL.
Why Malaysians must learn Mandarin? - Koon Yew Yin
Created by Koon Yew Yin | Jul 15, 2024
Currently Bahasa Melayu is taught in all Government sponsored schools. Bahasa Melayu is only good within Malaysia. All our overseas customers do not know Bahasa Melayu. I hope all our politicians...
‘TRY TO REMEMBER’: A Tribute Concert To Chin Yoong Kim - Koon Yew Yin
Created by Koon Yew Yin | Jul 09, 2024
Why should KPP improve its share price and how to do it? - Koon Yew Yin
Created by Koon Yew Yin | Jun 28, 2024
Discussions
Be the first to like this. Showing 18 of 18 comments
Kns uncle. Steel counters go down because workers back to steel mills. More production means more supply means ASP goes down. Hehe
2021-11-02 20:02
Calvin - Why are you reposting everywhere . People have read and don't need to keep reposting leh. Unless you are also like the old man like to pump and pump because holding any palm oil stock ? hahaha
2021-11-03 04:16
Panic uncle, your credibility is dropping like falling knife. Whoever listen to you would get cut, so it's better for you to keep your opinion to yourself. Stop hurting people and go play with your grandchildren, leave your investment to a better hand, I understand that previously you engaged OTB to help you manage so now you did better than OTB?
2021-11-03 09:38
I just bought last few days, can i claim back my loss from this SUPERINVESTOR?
2021-11-03 09:40
@rogers123 LOL,maybe we could claim from SC since he's giving too much ADVICES
2021-11-03 09:41
Wahahahaha. Can someone write a complaint letter to sc... Ask Lhdn to find him... He is a trader. TRading is the nature of his business
2021-11-03 10:35
Can not steal from the customers and donate to the poor. Not allowed, no reward for God, and instantly sins being collected into the "Report Card". God will do the calculation.
A switch for the A/C is RM20 but a compressor cost the customer RM1,000 easily.
The strategy of "Buy low sell high" considered executed/applied when others are enticed/misled to buy while you are dumping gradually/in one single trade.
2021-11-03 21:36
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-07-22 16:40:00
VOLUME BREAKOUT
10 Mins
BUY
2024-07-22 16:40:00
VOLUME BREAKOUT
5 Mins
BUY
2024-07-22 16:30:00
TURTLE SYSTEM 20
5 Mins
BUY
2024-07-22 16:30:00
TURTLE SYSTEM 55
5 Mins
BUY
2024-07-22 16:30:00
TURTLE SYSTEM 20
10 Mins
BUY
Apps
Top Articles
1
https://dividendguy67.blogspot.com
2
save malaysia!
3
save malaysia!
4
5
Koon Yew Yin's Blog
6
南洋 - 凭单专栏/温世麟
7
PublicInvest Research
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ming
Uncle gan cheong alrdy~
2021-11-02 19:14