@JasonPoh. Agree with u. Hevea's return on invested capital is inferior compared to Latitude& Homeritz. It can't afford to slow down. It has to play catch up. Keep increasing it's earning & profit margin.

It is 5yrs warrant with $1 Ex-price.
Every 100 Insas shares is entitled to 40 warrants. If Insas share price hit $1.5 right after the coporate exercise, and we ex the warrant for immediate profit, we get 40*(1.5-1)= $20 for every 100 shares. Immediate return = $20/ (100*$1.5) *100% = 13.4%. The following are the corresponding immediate returns from exercising the warrants for range of Insas share prices:
share price ; return
$1.4 ; 11.5%
$1.5 ; 13.4%
$1.6 ; 15%
$1.7 ; 16.5%
Pls correct me if i make mistake.

Any TA sifu? 多多指教。

My humble opinion is son will up. There is a beautiful up bar (bullish engulf) on the 18th. It gap up the next day & the previous up bar was only partially tested. It managed to close at the high of the up bar. Very good sign.

A money making co. shouldn't be traded < it's NNWC value. @kuah. Pls kindly revise your TP to 1.56.

kny123. Dun forget to reserve some money to subscribe to RPS. 20% of total no. of share x $1.

Looks like some ppl deiberately press down the price.

I know many ppl gave up & sold during tat period. The price shot up on the 14th days.

The longest sideway trading was during 19thAug-5thSep, 13trading days. Today is the 12th day.

Maybe too expensive (I mean in dollar sense). Retailers prefer <$2 shares. I think have to wait until bonus ex then only can attract more investors.

That's right. We should pay more attention to Q4, but lets see how ppl react to Q3 result first.

Turn on the oven!!! Get ready to roast some turkey!!!!

I think we shouldn't campare Q to Q since the business nature is cyclical. We can compare Q3/2014 to Q3/2013, as mentioned by Kannibu there is a sign high growth is reverting to mean. Anyway it's still cheap.

weechin53. U really 'yau liew'. Haha. $1.2!!!

Bullish engulf....

Yesterday a shooting star. Today a hanging man. Haha. Market indecision.

sure?

Those loaded up wa few days ago are getting their rewards soon.

Brother 119. Christmas turkey is back to our dining table!

FBMEMAS finally shows sign of recovery! KSL is rising fast!

1st Q report in the next financial yr will offer MMode a turnaround chance, assuming that next yr result better than this yr. It isn't looking good until April/May 2015, I guess.

Aiyo...Everyday drops 1-2bit. Before 25th $1.65 liao.

@watchme. Agree. Everything under the heaven is seasonal.

We got a shooting star...........

bearguy. read this
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1786757

Same as mother share. Ex-price reduces by half.
KSL is consolidating in bullish rectanglar pattern before futher hike. KSL-Wa is expected to be well supported at Fibonacci retracement level 38.2% since mother share price is quite stable.

tp 1.33 is dirt cheap. Pls read the write up on 5/6/14 title: Graham Net2 Candidate. With the latest balance sheet, the NNWC value has increased to $1.56. Graham's NNWC is lowest form of valuation method. Usually a NNWC candidate is low performer. We are only interested in it's cheapness (base on it's working capital). Insas's has turned into a earning power stock, but still satisfying NNWC criteria. tp 1.33? I dun even bother to read.

WarrenBuffett once said "Turn around seldom turned". We have seen a few stocks that indeed turned successfully. KSL, MMSV and many others. Could Insas be the next?

KSL- once was a Graham's Net Net Working Capital stock selling at 2.xx suddenly turned into earning power stock. It's share price surged > 100% in < 6months.

Insas- @$1.15, it is 23% discounted from it's Graham's NNWC value of $1.5x. Pls take a look at it's increase in profit recently. What do u think? Does it has potential to be KSL II?

Have a nice weekend, bro 119. Next week will be better!

I think 12sen is too small. Just 2.6% of mother shae price. Selling & buying & coverting process take time and mother share price fluctuates. What if the mother share price plunge 12sen after u completed the process? There are brokerage & conversion fees to pay too. It's just my opinion. Other's point of view is most welcome.

多谢，咸鱼。55% ready-to-assembler furniture very good prospect. Should increase %revenue from this segment. Higher margin.

What is the % revenue contributed by ready-to-assemble furnture? Any one can share?

Pika. Low of up bar broken alr.

T4 ma, brother. Next week sure up.

Rising a.....

Dun be over confidant & dun bet excessively in 1 stock! We r not WarrenBuffett!

U r on ground floor now, my friend. Why panic? U only panic if u r on 18th floor!

All WA are sold yesterday & the banker has pocketed 30mil. Whether ppl sell/ buy ca/ cb it doesn't affect the banker at all. There is no reason for them to lift share price. The banker's intension is to pocket the 30mil & not paying a dime upon maturity. So, they want share price <$4 on 10/9/14. THAT IS AFTER BONUS ISSUE. I have to emphasize that so I won't scare readers away.

Ask for $1.6 ma........ Hai...... u dun know how to bargain.

LOL. Where is flytothemoon? Doesn't show up today?

Wah, whats up! Alex & flytothemoon become top 30 shaeholder of Hevea?

I think this is the more appropriate formula to get bank's break even price:

Payable to CA holder + Payable to CB holders = 30mil
100mil/ 6 * (CP - 4) + 100mil/6 * (CP - 5) = 30mil, where CP is closing price

119: banker will suffer a net loss if closing price of KSL on 10/9/2015 is 4.32. This is because at >4.32, bankers will have to pay more than the RM30 million that they pocketed when investors bought the 200 million warrants from them at 0.15 sens each!

Brother 119. if closing price is $4.32, this is what the bank has to pay ignoring the ex fees:

Payable to CA holders: 100mil warrants/ 6 * (4.32 - 4) = 5.33mil
Payable to CB holders: Nil

Profit: 30mil - 5.33mil = 24.67mil

I think you overlooked 2points: (1) WA & WB have different ex price. (2) Ratio 6:1 not 1:1

bobbywee: Why investor not buying call warrant that have lower exercise price instead of higher, since the have same maturity date?

bobbywee. I guess ikan bilis like us won't be able to buy WA at 15sen. Institutions bought them & re-sell to ikan bilis at inflated price.

Aiyo.... I made mistake again.
1. KSL share price less or equal to $5 banker dun have to pay CA holders. KSL share price less or equal to $4 bankers dun have to pay CB holders.
2. KSL share price > $5.9 CA holders make money. KSL share price > $4.9 CB holders make money.

I need to discard my earlier incorrect statements to ensure I dun mislead ppl (and mislead myself. LOL)
"So bankers no business & have to convince investors to bet. The only way is to pump up KSL share price."
-All issued structural warrants are alr sold & there is no reason for banker to pump up price. As mentioned by 119, the cash settlement formula is as the following:

Cash
Settlement
Amount = Exercise Amount x 1/6 x (Closing Price - Exercise Price) -
Exercise Expenses

When closing price = Ex price ($5 for CA & $4 for CB), there is no settlement made. Banker still pocket the initial 15sen 'ask price' plus interest generated from this 'ask price' (pls refer to 119 write up)

The following are investors' cost to exercise:
KSL-CA
Ask price 0.15; Ratio 6:1; Ex price $5
Cost to exercise = 6*0.15+5 = $5.9

KSL-CB
Ask pricee 0.15; Ratio 6:1; Ex price $4
Cost to exercise = 6*0.15+4 = $4.9

Conclusion:
1. Banker wants CA less or equal to $5 CB less or equal to $4 so they dun have to pay any money.
2. Investors want CA > $5.9 CB > $4.9 in order to make profit.

With the punting game on, does it helps boosting KSL's share price? To answer the above question, we have to ask another question. Does the 'big boy' has gut to play the banker?

Brother 119. Do you have any point to add? Or do you have different point of view?

119. Agree with your calculation. What I calculated earlier is investors' break even price, not bankers. We can expect price surge in the next few months. Just have to be careful when approching maturity date (still far away LOL).

Alex. KLSE index is irrelevant to Hevea. It is indicating large cap like PBank, Maybank, Tenaga, Digi, IOI, etc. For 2nd liner, may be u should refer to Emas index. It has been dropping these few days.

Hamyi. Wat is your TP to buy back?

KSL is no longer a 2nd liner. Bankers have selected it as a punting subject.