Told u all earlier, just buy and wait....big jackpot is coming

My bet is instacom will rebound further tomorrow towards 0.30

The star article is 'designed' to force those weak holders to sell their stocks at distressed prices

Congrats to those who bought today, more upside in the near and medium term

Now u know I don't bull shit here...

More to come, after this fake sell off, more upside to come...

coming already u see....eat all

Always remember the price of the proposed private placement is 0.28

So instacom won't fall far below that price

No point arguing

I was told a syndicate with very very deep pocket will join the party soon

Today around 6.7% of total shares have been traded, I think operator will run out of stocks to push price down further

I was told by a very reliable source that Instacom management is coming in to sapu more later

Once again, Instacom has shown to the world its resilience!!!

Despite so much selling pressure in the early trading session, Instacom managed to attract tons of buying interest to support it and price is now stabilized with more buying interest queuing at lower prices

I strongly believe the selling pressure from the operator will abate later today and don't be surprise to see it close in GREEN today! My bet is for Instacom to close between 0.30-0.31...

Just buy when it drops

The lower it goes the more u buy

Keep for a couple of years, u sure won't regret!

They haven't decide the private placement price so most likely scenario is the price will go higher again before fixing the price

Super earnings coming on Monday

Last day to buy before Scicom rally to 2.50 and beyond

Quarterly result won't b very bad

It's all within expectations

I believe all contra players no longer playing this counter as volume has dropped so much

Always remember

Bad or negative news spreaded here r buying interest instead

China syndicate is coming to Malaysia and sapu Malaysian growth stocks like instacom!

New week new high

But the ride is expected to be rocky so hold tight

Remember best strategy is buy and hold, the best of Instaco is the big flows of new contracts coming in over the next many quarters!

Yes, agree

No contra pls

Don't worry bros and sis, negative news here means buying interest

The more negative news and scare tactics, the more the buying interest!

Actually it's common to see negative news floating

Negative news mean buying interest

They try all their best to spread negative news so when share price drop, they can pick up again Loh

China cut rates again, today Asian market will rally!

Today foreign funds net buyer

Market breath should be positive moving forward

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4924741

It's too risky to chase the rally just based on a report la

What if this is a plot?

Normally it's buy on rumors sell of facts...so when the report is out, it's time for the big boys to throw shares to whoever chasing it

It's distribution time

I think tomorrow stock will rally for a while and then drop back to 0.20 d

Normally when report is out means its distribution time

If u believe report then u might as well go casino gamble

Scicom will test RM 3 soon...earnings result will be out in less than 1 month time...

Saturday, May 9, 2015


Here are my take on the redeemable convertible debt issued by YFG. One should read in detail the disclosure provided through Bursa. I should say this issuance is highly complex and one of the more complex notes (debts) that I have encountered. It is definitely issued and negotiated by people whom are experienced and knowledgeable on this topic.

As a start, let me go through the need for YFG to raise this. It definitely needs restructuring of its balance sheet as well as taking care of its growing debt. To go to the banks and get new loans, I think is almost very difficult given the scenario of its balance sheet. It will also face a lot of problem if it is going to the debt market - probably rated as junk.

But one of the reason which I took notice of this company is its ambition. YFG has faced countless challenges taking over a very difficult company. One does not discover just a single cockroach. If one cockroach is found, there are usually more.

With that I would say the RM100 million debt deal is a good option, although not fully ideal. This is because it can now fully concentrate on getting its business dealings moving forward rather than worry over the financing portion besides the very friendly interest rate of 2%. There is however no free lunch - do we think there really is one? Why?

The notes holder are given the option of converting the notes at a sweetheart deal i.e. 80% of the average closing price of the YFG share on any 3 consecutive market days during the 45 days prior to the conversion date - see below or a fixed option as below. (now you know why I said it is a mouthful to comprehend given the complexity and thoughts that are put into the deal). The conversion is however subject to approval from the company and/or shareholders depending on various situations.


Conversion terms of the notes To control the conversion so that they are not at too low a price, there is a clause for redemption as below. Well you can do the calculation...



What other things to look at? Well, in the event the notes holders (and assuming that the notes are fully subscribed) are given the option to convert the shares and at 80% of its current market price, they would end up with a very significant stake of more than 70% in YFG.

My thoughts - the RM100 million approval needed for shareholders to make the decisions in a single general meeting is way too high as it does not need the amount now. YFG also need to explain better why it needs shareholders to approve RM100 million. I would recommend to change it to approval for RM50 million with further option for a further RM50 million in another session.

What are the risks and weaknesses in this deal to shareholders?

YFG could have raised additional funds but giving too much to the notes holders with an option of a cheap equity entry into the company;
5% arranging fee is also quite high;
YFG is raising funds that it does not need and again giving away too much, hence too much dilution to YFG.
The benefits?

The 2% coupon rate is low and would not affect its financial cashflow as opposing to being financed through banks;
Deal would strengthen its balance sheet;
Funding is almost assured.

http://www.intellecpoint.com/2015/05/my-take-on-yfgs-issuance-of-convertible.html

interesting progress....

This is how operator releasing news flow to control prices...

Now is the time to buy! hahaha

lol, who is this friendsh1p?

Oil price stabilizes and the worst is over for KNM

Don't miss the golden opportunity to buy stocks at distress levels!

With her credential, her speech tomorrow at 12pm will surely cheer the market, I expect technical rebound towards 1650 tomorrow

Zeti will be the catalyst to calm the market

I collected extra too....at this price, the dividend yield is really attractive! Of coz the upside is even more promising!

Oil price already stabilizing
KNM selling pressure is well absorbed so far
About time to rebound above 0.60 soon

Leo himself also collecting even when prices r above 2.00

It's very obvious that someone is pushing it down to create panic selling, but I will buy extra and hold. We have gone through many rounds of such fluctuations...heard that dividend announcement is coming again this month end. Collect at this low levels represents a higher yield ultimately.

Next week will shoot up over 0.60

Oil price should not trade at such low level....

Iran sure can't produce oil at below USD 50 per barrel....

So, I bet oil price will rebound strongly towards USD70/b after the latest rout...

good entry point now

About time to pick up this counter at bargain price

I heard some big announcement is coming soon

Hopefully this rebound is for real....so many times KNM has been trapping people on fake rebound haha...

Time to hantam fgv

But KNM at this level and sleep with it for 6-9 months sure win big jackpot!

I always believe Scicom can reach RM5 in the medium term...at the moment, I just treat it as FD earning 2 cents a quarter

hehehe....

It's simple, operator doesn't want it move, it won't move much....hehe

it's patience game now

My take on YFG's issuance of convertible debt - felicity
Author: Tan KW | Publish date: Sun, 10 May 2015, 04:12 PM

Saturday, May 9, 2015


Here are my take on the redeemable convertible debt issued by YFG. One should read in detail the disclosure provided through Bursa. I should say this issuance is highly complex and one of the more complex notes (debts) that I have encountered. It is definitely issued and negotiated by people whom are experienced and knowledgeable on this topic.

As a start, let me go through the need for YFG to raise this. It definitely needs restructuring of its balance sheet as well as taking care of its growing debt. To go to the banks and get new loans, I think is almost very difficult given the scenario of its balance sheet. It will also face a lot of problem if it is going to the debt market - probably rated as junk.

But one of the reason which I took notice of this company is its ambition. YFG has faced countless challenges taking over a very difficult company. One does not discover just a single cockroach. If one cockroach is found, there are usually more.

With that I would say the RM100 million debt deal is a good option, although not fully ideal. This is because it can now fully concentrate on getting its business dealings moving forward rather than worry over the financing portion besides the very friendly interest rate of 2%. There is however no free lunch - do we think there really is one? Why?

The notes holder are given the option of converting the notes at a sweetheart deal i.e. 80% of the average closing price of the YFG share on any 3 consecutive market days during the 45 days prior to the conversion date - see below or a fixed option as below. (now you know why I said it is a mouthful to comprehend given the complexity and thoughts that are put into the deal). The conversion is however subject to approval from the company and/or shareholders depending on various situations.


Conversion terms of the notes To control the conversion so that they are not at too low a price, there is a clause for redemption as below. Well you can do the calculation...



What other things to look at? Well, in the event the notes holders (and assuming that the notes are fully subscribed) are given the option to convert the shares and at 80% of its current market price, they would end up with a very significant stake of more than 70% in YFG.

My thoughts - the RM100 million approval needed for shareholders to make the decisions in a single general meeting is way too high as it does not need the amount now. YFG also need to explain better why it needs shareholders to approve RM100 million. I would recommend to change it to approval for RM50 million with further option for a further RM50 million in another session.

What are the risks and weaknesses in this deal to shareholders?

YFG could have raised additional funds but giving too much to the notes holders with an option of a cheap equity entry into the company;
5% arranging fee is also quite high;
YFG is raising funds that it does not need and again giving away too much, hence too much dilution to YFG.
The benefits?

The 2% coupon rate is low and would not affect its financial cashflow as opposing to being financed through banks;
Deal would strengthen its balance sheet;
Funding is almost assured.

http://www.intellecpoint.com/2015/05/my-take-on-yfgs-issuance-of-convertible.html