DATO KARIM INTERVIEW.. Bringing Serba Dinamik into 2021,
https://youtu.be/ZyyOGeHTVRY

Pari57

https://fnc.ebc.net.tw/fncnews/stock/130208

Hi Cytew, So it mean when warrant exercise price > mother shares on ex bonus date, no adjusted is make, but if exer price < mother shares after ex, adjustment will be make by Co as if warrant been convert to mother shares right?

Yleng83, there will no adjustment to shares price when no additional shares issue, and since conversion price is higher than shares price ( as at last trading) no one will going to do conversion.
Only on the way where warrant have - ve premium, or Scib give very good DY then only worthwhile to convert.
Actually the adjustment come only supply & demand of shares ( on perception of diluted EPS).

Warrant is actually a fom of cash call but in a defer mode, when warrant due for expire, people need to pay, 1.77 to convert to mother shares, the money pay will add to co cash flow.

Why people hold warrant..
1)Because of gearing. Max your % gain withceach RM1 invest :

Eg for Kpower ( assume warrant with 50% trade on 26th)

mother RM2.4, warrant 1.1 on 26th, once mother up 12c, and warrant follow thru.. Up 12c
Mother gain 12/240 =5%,
warrant holder gain 12/ 110= 10. 9%.
So 10.9/5 =2.18 gearing ratio.
Which one give higher % return?

2) cheaper price, u can buy more unit of warrant with swtiching from mother shares..
Hold 2180 unit of warrant (RM1. 1) or 1000 unit of mother shares (RM2. 4).

The gearing also function in the reverse, when mother down 5%, warrant down 10.9%.

Double on gain or loss..


*Gearing is the ratio of the stock price to the warrant price and represents the leverage that the warrant offers. The warrant's value is directly proportional to its gearing.

Even world largest oil producer Arab also moving toward EV world, So chips & LED for EV demand will be flourish..

http://automobile.sinchew.com.my/node/1428/

https://www.facebook.com/111972237008275/posts/238562044349293/?sfnsn=mo

Want to get UMA, go to Euro..

Fsingmum, 1. 50 (50% premium, mean 100% of mother shares price + 50% lagi, so total 150% or x 1. 5) 1.3 (30% premium, mean add another 30% on mother shares price).
15/01/2021 5:23 PM

Why people hold warrant..
1)Because of gearing.
Eg mother 2.4, warrant 1.1 on 26th, once mother up 12c, and warrant follow thru.. Up 12c
Mother gain 12/240 =5%, warrant holder gain 12/ 110= 10. 9%. So 10.9/5 =2.18 gearing ratio.


2) cheaper price, u can buy more unit of warrant with swtiching from mother shares..
Hold 2180 unit of warrant (RM1. 1) or 1000 unit of mother shares (RM2. 4).

The gearing also function in the reverse, when mother down 5%, warrant down 10.9%. Double on gain or loss..


*Gearing is the ratio of the stock price to the warrant price and represents the leverage that the warrant offers. The warrant's value is directly proportional to its gearing.*
15/01/2021 3:49 PM

Piranha88, exercise price out and its a very good & reasonable price, and with current price , 2. 65, min 35c gain on free warrant, once ex bonus date announced, it will fly..
And like what HamsterHuat predict, announcement might be after end of trading today or monday..

20%, 25% 30% just a guide, normally the premium depend on
1) time frame of warrant expire, the longer the time frame, the time value of warrant will have higher premium.. Kpower 5 years, Scib 3 year
2) the potential growth of company profit, the high growth, the higher premium attached

If everyone optimistic according to Karim boss ambitious to grow Kpower to 5Bil company.. Kpower warrant should hv 50% premium, so it may trade at ( using 2.4 price =2.4x1. 5 - 2.5 = RM1. 1.) RM1. 1 on 26th Jan.

If the after split price not reflicted correctly, just go to the PC website to amend it, it has the function for price adjustment ( your hp apps don't have such function & can do only during trading hrs).
Eg for RHBtradesmart. PC site.
Go to Portfolio > Account portfolio > shares at hand > price adjustment > stock.. Select Kpower , click search , when kpower appear, check the select box and key in the price (own average price, if you buy at 7.22 / 4 =
1.805 , then click update at the bottom ... Then settle..i just update mine too.

30% premium >>warrant price = RM2. 5x 1.3 =3.25 , - 2.5 (exer price) =75c.

Finally warrant exerc fix at 1.77, very close to my calculation 30%.premium 1.71..

With today closing 1.65x 1.3 ( 30% premium)=2.145, - 1.77, warrant should worth 37.5c..

http://automobile.sinchew.com.my/node/1428/

World biggest oil producer country going for EV city with Zero Carbon Emission.

Even the world biggest oil exporter want to turn to EV for clean city...can imagine the demand for EV chips and LED in the future.

http://automobile.sinchew.com.my/node/1428/

5 yrs term warrant with 50% premium is normal especially for Kpower grow stock.
If mother close at RM3, 3x1.5 =4.5, minus 2.5 exercise price, warrant =2
even with 30% premium 3x1.3 =3.9, - 2.5 EP, warrant =RM 1.4.
Gearing range. 1.5 - 2.

Read from SCIB circular dated 30 Oct 2020 on the bonus shares and warrant proposal :

Basis and justification of determining the issue price and exercise price of
Warrants
The Warrants will be issued at no cost to the Entitled Warrantholders.
The exercise price of the Warrants will be determined at a later date and an
announcement will be made by our Board after the receipt of all relevant approvals but
before the announcement of the Warrants Entitlement Date, by taking into
consideration the following:-
(i) the historical price movement of SCIB Shares and the future funding
requirements of SCIB Group;
(ii) the TEBP of SCIB Shares based on 5-day VWAP of SCIB Shares up to the
price-fixing date, with a premium of up to 30%.
For illustrative purpose, the indicative exercise price of the Warrants is
assumed at RM1.21 per Warrant, which represents a premium of
approximately 29.1% to the TEBP of SCIB Share of RM0.9375 post-Proposed
Bonus Issue of Shares, calculated based on the closing price of the Company
as at the LPD of RM3.75 per SCIB Share;
(iii) Warrants are exercisable at any time for a tenure of 3 years from the date of
issuance of the Warrants; and
(iv) Warrants will be issued at no cost.

From SCIB cirulcular on proposal
Basis and justification of determining the issue price and exercise price of
Warrants
The Warrants will be issued at no cost to the Entitled Warrantholders.
The exercise price of the Warrants will be determined at a later date and an
announcement will be made by our Board after the receipt of all relevant approvals but
before the announcement of the Warrants Entitlement Date, by taking into
consideration the following:-
(i) the historical price movement of SCIB Shares and the future funding
requirements of SCIB Group;
(ii) the TEBP of SCIB Shares based on 5-day VWAP of SCIB Shares up to the
price-fixing date, with a premium of up to 30%.
For illustrative purpose, the indicative exercise price of the Warrants is
assumed at RM1.21 per Warrant, which represents a premium of
approximately 29.1% to the TEBP of SCIB Share of RM0.9375 post-Proposed
Bonus Issue of Shares, calculated based on the closing price of the Company
as at the LPD of RM3.75 per SCIB Share;
(iii) Warrants are exercisable at any time for a tenure of 3 years from the date of
issuance of the Warrants; and
(iv) Warrants will be issued at no cost.

Black324, what type of contract, at Sarawak?

Mayzam, thamcarmen, you will entitle for all the right, bonus, Div bought before the Ex date, on or after ex date, the shares you buy or sell are excluded from any entitlement until the next annoucement of entitlement by company.

Fsingmun, go read this article about warrant

https://academy.shareinvestor.com.my/2018/06/13/warrants-in-stock-market/

Base on last 5 days VWAP ( volumn weighted Average Price), SCIB trade at 1.3225,
So with 25%/30% premium, warrant exercise price range from 1.6531 to 1.7192.

Bomus warant Ex date 12th Jan (today). Mean, Shares bougth today are not entitle for bonus warrant rigth..

Securities Entitlement
Company Name KPOWER BERHAD
Entitlement Warrants
Ratio (New : Existing) 1.0000 : 3.0000
Available/Listing Date 26 Jan 2021

Yesterday closing 2.18, with warrant right, today Ex, Mother shares RM2. Warrant should price min 50c.[ RM2 x 1.5 ( 50% premium) - 2.50 exercise price] so, today drop just reflect the value of warrant... 50/3= 16.7C ( 1 for 3 warrant)... No worry..

Calculation of kpower if fully dilute due to warrant conversion..
RM2.18 x 452Mil + RM2.50 x 150.6M ( 1 for 3 ) = (985.36Mil + 376.5Mil) / 602 Mil = RM2. 26
But since exercise price is higher, no person will convert it now with RM2. 50, so just treat as the no dilution to the mother shares.

Shares Split ex 11st Jan ( monday), bonus warrant entitlement ex 12nd Jan ( Tue). Sell on 12nd or after only if you want to entitle for bonus warrant.

Warrant seem to be a better bet once listed because of the leverage, mother up 10c, RM2 to RM2.10 5%,, warrant theorothical up 10c says 30c to 40c... =33%.

Good strategy by Karim, bonus ex 11, waarant e, 12th, so to get warrant, buying sentiment will be strong on 11th, and when mother price goes up, warrant will also be chase after..

鴻家軍股價發威，隨鴻海(2317)車用佈局前景看俏，在母雞帶小雞效應下，廣宇(2328)有望在集團內逐步切入電動車領域，而在鴻海領頭上漲下，廣宇今日開盤即衝上漲停，股價來到28.2元，漲幅9.94%，站上2019年4月以來新高。

廣宇去年淡出夏普代銷業務，雖短期營收受到影響，但由於代銷業務毛利率較低，也因而帶動獲利體質轉佳，去年第三季毛利率繳出15%的新高紀錄，而今年遊戲機仍為廣宇主要成長動能，除既有機種外，也將開始出貨美系大廠新機種。

而在集團綜效方面，廣宇近年積極佈局車用、醫療產業，為配合鴻海「三加三」轉型計畫，目標未來將藉集團之力持續打進電動車線束市場。廣宇目前已跟中國車廠進行驗證，驗證通過後將於今年開始出貨，目標持續擴大車用營收。

廣宇除有鴻海「三加三」計劃加持外，近期市場也傳出Apple Car題材，雖目前廣宇在電動車方面未有產品出貨，但已著手開發馬達電池高壓線束及感測器等產品，有機會隨集團車用佈局擴大而成長。

鴻家軍即鴻海集團與旗下子公司還有聯合其他企業共同打造Apple Car其中也包括子公司廣宇科技PIE
https://reurl.cc/R1AVLg

Abba84, yes so recommended buy kpower with unit divided by3 to avoid odd units.. 3200 unit imstead of 3000unit.. 5400 instead of 5000unit.

Charlie chia, agreed witj you, seem like price range of 1.40-1.50 for scib this week, so the warrant exercise price should be RM1. 8 +-. After ex warrant, price will be RM1. 8 & above, warrant price may value at RM1. 8 x 30% ( 30% premium), should worth min 50c.

Entitlement subject Bonus Issue
Entitlement description Issuance of up to 150,776,882 warrants in KPower Berhad (formerly known as Kumpulan Powernet Berhad) ("KPower" or the "Company") ("Warrant(s)") to the existing shareholders of KPower on the basis of 1 Warrant for every 3 existing ordinary shares held in KPower held as at 5.00 p.m. on 13 January 2021
Shareholder's Approval Yes
Ex-Date 12 Jan 2021
Entitlement date 13 Jan 2021

Abba84, the purpose of PP IS MORE To satisfy SC requirement on 25% public shareholding, as at now only, 20%+ held by public.

https://www.facebook.com/116305656437145/posts/473692000698507/

Copy paste 纯属个人看法：
1. 社会是现实的，cypark是马来公司，而slvest和samaiden是华企，所以lss4 cypark是具有优先权的。
2. cypark的工程主要来自政府，slvest和samaiden主要来自私人界，因此属于政府工程的lss4对cypark比较有利。
3. cypark获得lss1-lss3工程，也就是lss的最大赢家；slvest旗下的alantic blue曾经拿下过lss2其中的1项工程。
4. cypark是整个东南亚区最大的float solar拥有者，也因为float solar赢得两项lss 2项目，原因在于太阳能发电需要大面积的空间，购买土地建太阳能发电会使成本提高，因此需要建议的电费竞标价也需要提高，而lss是以最低电费的竞标者为赢家。float solar是在废矿湖之类的大面积湖泊上置放太阳能电板，我想废矿湖的成本应该低于一般的土地成本，因此能提供较低的竞标价而成为赢家。
5.在报告中指出lss2的3项共150mw的项目将于31 dec 2020进行cod，也就是说明contract assets（lss 2的记录方式）的欠款将以发电的方式付电费偿还。说句明白话，就是当时以多少电费得标，产电卖出后的所得来偿还，如果最后亏钱那也是得标者的问题，政府的确透过电费偿还了。总之明年开始就能收回以21年的方式收回contract assets。
6.另外一点值得提起的就是cypark的WTE，cypark是马来西亚第一家以焚化炉发电的公司，赚取电费和垃圾处理费，一举两得，同时也能减少州属的一般垃圾场，我相信政府会非常鼓励WTE。明年初就有6项WTE工程开始竞标，cypark有信心拿下其中一项。
7.政府的目标是提升RE至25%，虽然太阳能是再生能源，但是再生能源包含太阳能，WTE，biomass和biogas等方式的再生能源。cypark是一家真正的再生能源公司，而samaiden和slvest的主要业务是太阳能，因此cypark的潜力空间比较大。
8.cypark的PE非常低是众所周知的事，原因在于大家担心net cash flows used in operating activities是负数的，其实扣除contract asset后就是正数了，而且在lss 2的项目开始cod后还会为公司产生现金流。可以到annual report 2019的23页中的assets and liabilities查看，其中提到increase in contract assets from the lss2' s turnkey project。
9.查看cypark的大股东就能发现其中有非常多的基金，例如public fund，pnb，great eastern，epf等。可能是cypark有25%的盈利派息政策吧，只是今年的还没派发。

纯属个人看法，如有错的地方请提醒我，不是建议各位买卖。谢谢

Hamsterhuat, better let the Warrant underperform, so can sapu cheap cheap, convert holding to warrant, enjoy the leverage.

【行家论股/视频】友尼森 订单推高2年财测

友尼森早前宣布2020财年第三季转亏为盈，净赚5074万4000令吉。

https://www.enanyang.my/node/375673

Supply and demand, when float only 20%+, it mean only 175Mil in the Market, if many are long term investor holder eg 50% only 85Mil in the market in trade.
pp will solve the 25% public holding requirement by SC.

Mr. Sim invest123, u have any info who are the buyer of pmbtech.

Happy new year all Karim Power lovers, hope this 2021 will be another excited & prosperous year for all pf us.

Even with OS at RM2 on ex date , a 40% premium will give warrant a price of 30c, if 50% premium warrant 50c..

Waiting Anson to shout RM2 now...

Chuahmh, u buy at 1.49 still, want to get bonus shares?
You will get bonus warrant only when Karim announced the ex date & entitlement date.

Melvinlautt, can sell, you own trading system didn't allow, must go thru remiser or dealer trading system, so call your remiser

Karim + Mustakimoledi own 47.635% of 113Mil shares, so actual float in the Markte, lets say 40%, it only 113Mil x 40 = 45Mil

Extract From the statement
For example, if Mr X purchases 100 SCIB shares on cum basis on 29 December 2020, Mr X should receive 100 shares on 31 December 2020. As a result of the bonus issue, a total of 400 SCIB shares will be credited into Mr X's CDS account on the night of 31 December 2020 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 400 on or after the Ex-Date ie from 30 December 2020 onwards.