Koon Yew Yin's Blog
AYS share private placement at 76 sen - Koon Yew Yin
Koon Yew Yin
Publish date: Wed, 03 Nov 2021, 04:07 PM
Koon Yew Yin
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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
On 2nd November AYS placed out 38 million shares at 76 sen to big investors who are familiar with the company operation and its profit growth potential. No investor would buy 38 million AYS shares unless he knows the company’s business and its management.
AYS latest quarter EPS 8.5 sen and its previous quarter EPS was 4.45 sen, an increase of about 100%. Assuming its profit remains unchanged, its annual profit should be 4 X 8.5 sen = 34 sen. Currently it is selling at 72 sen. The PE is 72 sen divided by 34 sen = 2. Ridiculously cheap.
How is the share placement price fixed?
According to Security Commission rule, the placement price should not be less than the average price in the last 5 trading days with a maximum discount of not more than 10%.
Currently AYS is selling below the share placement price of 76 sen and at PE 2.
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Discussions
Be the first to like this. Showing 16 of 16 comments
uncle said never buy down trending stock...follow larh...many debt and less cash not so secured...now is the right time to service their debts through private placement...cheers
2021-11-03 17:11
its annual profit should be 4 X 8.5 sen = 34 sen <-- Salute ur assumption
2021-11-03 20:33
Apa lagi uncle mau? Kalu tak sudah tak suka, boleh balik ke negara asal. <-- U meant CHINA or HELL?
2021-11-03 20:34
Posted by rogers123 > Nov 3, 2021 8:33 PM | Report Abuse
its annual profit should be 4 X 8.5 sen = 34 sen
========
a time for quarter X 4
a time quarter X 4 don't work.
2021-11-04 13:20
Ini kindergarten punya mathematics class ker..
x 4 ---> so easy
Tons of variables affecting biz nowadays..
Haih... Uncle back to kinderten liao
2021-11-04 14:21
Whatever said, uncle muust be veli hapi with his AYS articles occupying 4 out of 8 slots in the most-read chart.
All kutuk but still like to read what he wrote.... lol
2021-11-04 14:51
Top 4 for what? Margin calls fuelling his motivation to write the same things again and again.
2021-11-04 16:34
If AYS is so much undervalued. Why did the company not wait for the share price to go much higher first before placing the shares to reduce EPS dilution? And the proceeds are not used for expansion but for working capital and loan repayment
2021-11-05 10:30
@Colgate, Already proven for so many years la. Since Latitue, Jaks, Vs, Hengyuan, Topglove and many others. Now AYS. You think he help ikan bilis ? He can't make money from big traders and institutional funds. He very very good at slaugtered ikan bilis with his blog.
2021-11-09 08:42
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Apa lagi uncle mau? Kalu tak sudah tak suka, boleh balik ke negara asal.
2021-11-03 16:33