Taken i3lurker advise and sold TeoSeng for contra gain of RM 488.
Looking at corn price trend next quarter eggs producers wiil make another good profit.

Top up jayaatiasa as I expect another dividend coming.

Posted by leno > Feb 23, 2024 7:43 PM | Report Abuse
it depends on type of warrants
WC will automatically converted to mother share after 1 week of expiry
no need to pay anything.

😘😘

My friendly advise to leno:
Please consult your remisier or call up Ah Thong to explain to you on Insas-WC

Type: Warrants
Sector:
Listing Date: Mar 05, 2021
Maturity Date: Feb 28, 2026
Issue Size: 331,510,380
Exercise Price: MYR 0.90
Ratio: 1:1
Underlying Stock: INSAS

Insas-WC.
Date Open Range Close Change Volume
23/02/2024 0.395 0.375 - 0.40 0.38 -0.015 (3.80%) 3,906,700

Insas.
Date Open Range Close Change Volume
23/02/2024 1.23 1.17 - 1.23 1.18 -0.04 (3.28%) 3,388,700

So yesterday Insas-WC trade at premium of 0.38 - (1.18 - 0.9) = RM 0.1

Since the rights attached to the Warrants which are not exercised during the Exercise Period will thereafter lapse. Mean all Insas-WC will become worthless after the maturity/expired date if not exercise.

Thus when near expired date Insas-WC will trade at discount. Meaning if mother share is at RM 1.00 then most likely Insas-WC will trade at RM 0.06

Those bought WC at 6 sen must have capital to pay insas 90 sen to convert Insas-WC to Insas. His cost is now 96 sen and hope when the new insas share credited into his CDS account the Insas price can still maintain at RM 1.00 so that he can make a profited of RM (1-0.96) = RM 0.04

irredeemable convertible preference shares ("ICPS")
irredeemable convertible unsecured loan stock ("ICULS")

Above on maturity date will not be redeemed but automatic converted to share based on the predetermined conversion ratio.

Adjustments in the exercise price and/or number of Warrants

Details
The number and/or exercise price of the Warrants held by each Warrant holder may from time to time be adjusted in the event of any alteration to the share capital of our Company in accordance with the provisions as set out in the Deed Poll

Debited from the respective depositor’s CDS Account mean taken out as oppose to credited mean put into respective depositor’s CDS Account

Details
The Warrants will be constituted by the Deed Poll. The Warrants which are to be issued with the Rights RPS will immediately be detached from the Rights RPS upon issuance and allotment and will be traded separately on Bursa Securities.

Exercise price
RMO.90 per Warrant.
The exercise price and the number of Warrants in issue during the Exercise Period shall be subject to adjustments under circumstances prescribed in the Deed Poll and in accordance with the terms and provisions contained therein.

Exercise period
The Warrants may be exercised at any time during the tenure of 5 years commencing from the issue date of the Warrants until 5.00 p.m. on the expiry date. If such expiry date is not a market day,
then it shall be the market day immediately preceding the said non￾market day.
The rights attached to the Warrants which are not exercised during the Exercise Period will thereafter lapse.

Mode of Exercise
The holder of Warrants is required to lodge an exercise form with our Company's Share Registrar/any other appointed agent, duly completed and signed together with payment of the exercise price for the Warrants, by banker's draft or cashier's order drawn on a bank in Malaysia.

Alternatively, holders of the Rights RPS who are also holders of the Warrants may surrender the Rights RPS held by them for cancellation at 100% of the issue price of the Rights RPS in lieu of the exercise price of the Warrants. The exercise of the Warrants by the Warrant holders who are also the Rights RPS holders will still require the exercise form to be lodged by the Warrant holders with our Company's Share Registrar or any other appointed agent, duly completed and signed but will not require any cash payment.

The difference between the exercise price of the Warrants (or the adjusted exercise price of the Warrants in accordance with the terms and provisions of the Deed Poll, as the case may be) and the issue price of the Rights RPS shall be repaid by our Company within 1 month from the date the Warrant holder exercising his Warrant, by way of cheque or such other method as our Board may specify.

Exercise Right
Each Warrant entitles the registered Warrant holder to subscribe for 1 new Insas Share at the exercise price of the Warrants during the Exercise Period and shall be subject to adjustments under
circumstances prescribed in the Deed Poll and in accordance with the terms and provisions contained therein

A decamillionaire or decamillionhair?

JAYA TIASA HOLDINGS BHD
Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description MONTHLY CROP AND LOGS PRODUCTION
The Company wishes to announce the crop and logs production of the Group for the month of January 2024 as follows:

Product Production
Fresh Fruit Bunches 87,820 metric tonnes
Crude Palm Oil 16,233 metric tonnes
Palm Kernel 3,979 metric tonnes
Logs 10,464 cubic metres

United Plantation.
Jan 2024
Crude Pal Oil: 17,499 MT
Palm Kernel: 3,636 MT

3iii,
Do you know what is the production of CPO and Palm Kernal of jayatiasa and united plantation and what is market cap of jayatiasa and united plantation?

Beside management the important thing for plantation is planted hectare and trees age profile.
Jayatiasa already make a turnaround from a gruesome company.

Leno,
Be careful with what you wish for it might come true.

By the way waiting to see end Feb my hlebroking trading account will earned how much intetest for month Feb.

Still eagerly waiting for jayatiasa quarter ended 31/12/2023 result and most likely another dividend.

OSK already announce the dividend of 4 sen exdate 22 April

Will wait till end May to collect Petronm for the dividend of 23sen.

Me previously I have below to say about Mike-tikus and get him suspend by i3admin.
Dear i3Admin,

I welcome everyone to post their diverse opinions/views on investment in i3 so that all can benefit from the diverse information and make their informed-investment decision. But nowadays I am deeply saddened and disturbed by many i3 comments: Full of hatred, falsehood, cursing, trolling, provocation, insulting each other, name-calling and worst of all twisting and turning other people word into cyber sexual harassment.

Mikecyc, you are what you are; the lowest of the low, the worst of the worst, the most disgusting, despicable and utterly distasteful person I ever come across. You have cross the red line onto indecency with your twisting and turning other people word into cyber sexual harassment.

I quote Mickecy’s below recent repeatedly posting which to me is the last straw that broke the camel’s back on indecency and my tolerance on abuse of free speech/opinion.

Jun 12, 2023 11:52 PM | Report Abuse Haha only the Pon Pon Bon 888 aka Ah Boyy Felix 888 is liccking ard ppl Bunttut n add Snakey oil to his Bunttut loh .. later got Show ke .. what a pity loh just for RM 10 Tickets.. oh KFC morning meal ke … hahahaha

From Thai AA
In summary, The Company's EBITDA for 4Q2023 was reported at Baht 3,085.2 million, up 89 percent YoY. Net profit was recorded at Baht 2,813.6 million, marking a 10 percent decrease YoY. Excluding FX gains of Baht 2,313.8 million, core profit6stood at Baht 499.9 million, significantly improved from Baht (472.4) million 4Q2022

CapA aviation Q3 is lose making and Q4 despite activate another addition 10 planes the load factor and RPK is worst than Q3


Q4 passengers carried: 14,879,889
Load factor: 88%
RPK (million): 17,243
Operating aircrafts: 162

Q3 passengers carried: 14,705,446
Load factor: 89%
RPK (million): 17,550
Operating aircrafts: 152

Q2 passengers carried: 14,243,439
Load factor: 88%
RPK (million): 16,312
Operating aircrafts: 146

RPK: Revenue Passager kilometres

Good morning i3lurker,
Your comment noted with many thanks.

I am expecting another lose making quarter for capA.

If you are in airlines industry you should know that any new route (low demand) is like burning money before it can make any money. Only mature routes with high load factor/demand are the one making the money.

Posted by Balian de Ibelin > Feb 22, 2024 9:20 PM | Report Abuse
I noticed Mike 🐀 hands started shaking when he saw Probability and these alien parasites.
Mike 🐀 is a coward who only bullies the honest weak who have integrity.

Haha Probability just totally ignore Mike 🐀 as though he does not exist.

Many people also advise me to totally ingnore this slanderer and good for nothing Mike 🐀 but sometime I just can't help myself but to poke fun at Mike 🐀.

I had a 2nd stroke yesterday. That means my heart can't pump up enough of blood with oxygen to my brain. The CT scan shows there is unwanted blood in my brain. The brain surgeon says at my age, he wouldn't open my head to release the unwanted blood. He is giving me medication to remove the blood

My colleague send me the above whatsApp from KYY.
I just say a prayer that KYY will get well soon and hope he make some money from his holding on KSL.

LTKM with 10 sen dividend and EPS of 21.58 sen quarter end 31/12/23. Will be very interest to see how LTKM prce will react tomorrow?

I3lurker,
Joke aside I am thinking of buying Penergy tomorrow. What do you think?
Increasing EPS and dividend 4 sens this quarter.

Quarter
Revenue
PBT
NP
NP to SH
NP Margin
ROE
EPS
DPS
NAPS
QoQ
YoY
Financial Year: 31-Dec-2023
31-Dec-2023 138,190 24,507 26,392 26,392 19.10% 6.47% 8.22 4.00 1.2700 60.07% 233.91%
30-Sep-2023 149,052 25,591 16,488 16,488 11.06% 4.08% 5.14 3.00 1.2600 1.56% -32.13%
30-Jun-2023 184,787 19,285 16,235 16,235 8.79% 4.18% 5.06 0.00 1.2100 375.59% 1,071.36%
31-Mar-2023 81,503 -5,001 -5,891 -5,891 -7.23% -1.58% -1.84 0.00 1.1600 -174.53% 71.28%

Price controls for eggs remain, subsidies for chicken to be lifted from Nov 1 [Updated]
By Mandy Leong
October 30, 2023 @ 10:35am

Price controls for eggs remain, subsidies for chicken to be lifted from Nov 1 [Updated]

KUALA LUMPUR: Agriculture and Food Security Minister Datuk Seri Mohamad Sabu today announced that subsidies and price controls for chicken would be discontinued from Nov 1, while subsidies and price controls for chicken eggs remain unaffected.

He said the chicken supply in the country remains sufficient.

"The termination of chicken subsidies has taken into consideration the current supply and price trends, and the cost of chicken production has begun to stabilise, contributing to the current market prices being below the ceiling price.

"Subsidies and price control for Grade A, B, and C chicken eggs will continue using the existing mechanism.

"We are maintaining the subsidies for eggs because if we were to discontinue them at this point, the price of each egg is expected to increase by RM0.10, and typically, people purchase eggs not individually but in trays," he explained.

The retail ceiling price for grade A eggs is 45 sen each, grade B (43 sen) and grade C (41 sen).

Mat Sabu said the government had obtained a commitment from the industry to prevent substantial price hikes for farm-gate chicken, which would burden consumers.

"We would ensure the floating selling price of chicken remains reasonable.

"Also, egg producers and other stakeholders have given their assurance they will make an effort to ensure an adequate supply of eggs in the future," he said.

He assured that the government would secure additional supplies from external sources in case of a shortage of chickens.

He also reminded the public not to panic buy, "just get the amount that you need; do not stock up since that might cause an unwanted supply shortage."

I think a NP of 20% is good enough.
That will give Teoseng EPS of 14 sen per quarter or 56 sen per year.

Will write in to BOD to reduce eggs price to NP of 20%

Cheers !!!
👍😁

What will be eggs NP margin next quarter?

LTKM NP margin is 47.64%
Quarter
Revenue
PBT
NP
NP to SH
NP Margin
ROE
EPS
DPS
NAPS
QoQ
YoY
Financial Year: 31-Mar-2024
31-Dec-2023 64,838 33,408 30,887 30,887 47.64% 11.07% 21.58 10.00 1.9500 328.03% 1,329.29%
30-Sep-2023 66,818 9,344 7,216 7,216 10.80% 2.91% 5.04 0.00 1.7300 176.79% 70.27%
30-Jun-2023 64,757 4,420 2,607 2,607 4.03% 1.10% 1.82 0.00 1.6600 -72.08% -46.71%

Teoseng NP margin 33.47%
Quarter
Revenue
PBT
NP
NP to SH
NP Margin
ROE
EPS
DPS
NAPS
QoQ
YoY
Financial Year: 31-Dec-2023
31-Dec-2023 199,857 75,011 66,886 66,886 33.47% 13.99% 22.80 0.00 1.6300 52.59% 413.28%
30-Sep-2023 199,988 40,594 43,834 43,834 21.92% 10.45% 14.94 0.00 1.4300 72.58% 8,394.96%
30-Jun-2023 177,737 22,627 25,399 25,399 14.29% 6.76% 8.65 0.00 1.2800 29.03% 545.96%
31-Mar-2023 183,400 24,422 19,684 19,684 10.73% 5.54% 6.70 2.00 1.2100 51.06% 373.17%

I think import rice is cheaper than the Madani white rice.
But you need AP to import rice.

our wink wink gobermen very good 👍

For eg.
WC 40 sen, mother RM 1,20
3 WC convert into 1 mother share
no ?

Ah Thong will say use your brain, just sell your 3WC at 40 sen each and then buy 1 mother share.

I3lurker,
You just need to monitor corn price to estimate wheter it is going to be a good quarterly profit.


https://tradingeconomics.com/commodity/corn

This is what happen to Insas-WB

INSAS BERHAD
Instrument Category Securities of PLC
Instrument Type Warrants
Type Of Expiry Expiry/Maturity of the securities
Mode of Satisfaction of Exercise/Conversion price Cash
Exercise/ Strike/ Conversion Price Malaysian Ringgit (MYR) 1.0000
Exercise/ Conversion Ratio 1:1
Settlement Type / Convertible into Physical (Shares)
Last Date & Time of Trading 07 Feb 2020 05:00 PM
Date & Time of Suspension 10 Feb 2020 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c 18 Feb 2020 04:30 PM
Date & Time of Expiry 25 Feb 2020 05:00 PM
Date & Time for Delisting 26 Feb 2020 09:00 AM


EXPIRY OF EXERCISE RIGHTS
Warrantholders should note that:-
(i) If their Exercise Rights are not exercised and the relevant Exercise Form together with the remittances are not delivered to the Company’s Share Registrar by 5.00 p.m. on the Expiry Date, their rights will lapse and become null and void, and cease to be exercisable thereafter; and

(ii) All unexercised Warrants 2015/2020 rights remaining in the depositor’s CDS Account as at 5.00 p.m. on the Expiry Date will expire and all unexercised Warrants 2015/2020 will be debited from the respective depositor’s CDS Account on Wednesday, 26 February 2020.

After maturity date the Insas-WC will be delisted from Bursa. So you cannot trade Insas-WC any more.

You can only pay up exercise price of 90 cents to Insas for Insas to convert you Insas-WC to Insas shares.

Haha the HengYuan is a case study to trap the naughty Mike-tikus, I actually earned some free bintang beer and lobster with PetronM.

So no worries for me, like what Philip teach just monitor the quarterly result if fundamental and earning still good then invest more with the dividend received.

I3lurker,
I am trying to learn from i3 Mr.Loooong Philip and hope one day my Teo Seng will grow into the like of Philip QL.

So wish me luck.

Just a gentle reminder if you trapped yourself in Insas-WC, you have untill Feb 28 2026 to plan your exit.

Type: Warrants
Sector:
Listing Date: Mar 05, 2021
Maturity Date: Feb 28, 2026
Issue Size: 331,510,380
Exercise Price: MYR 0.90
Ratio: 1:1
Underlying Stock: INSAS

Many thanks to Mr.Tong of TheedgeMalaysia for recent insas price spike up is a very good exit for some minority shareholders.

Nowadays with email you can write in to seek clarification to IBs analyst or even company IR.

Me already sold down Armada and switch to Yinson.

the mantra is "new contracts, new contracts, and new contracts". Can't run away from that.

This stock currently trades at an attractive FY24F PE of 4.8x, which is below the 5-year forward average of 8x. As of December 2023, Teo Seng maintains a healthy balance sheet with a net
gearing of 0.03x. The company's balance sheet is anticipated to remain strong supported by its promising earnings outlook.

Meanwhile, Teo Seng offers an attractive dividend yield of 6%, assuming a 30% dividend payout ratio, with the board intending to distribute dividends ranging from 20%-50% of its PAT.

Technically Speaking
Resistance level RM2.50
Support level RM2.00

Dear Mr Lee

I apologise for the error in the previous report. As of Sep 2023, the correct net gearing for the company should be 26.6% or 0.266x.

I have updated the report to reflect the latest information, including the company's Q4 results, where the net gearing currently stands at 0.03x as of December 2023.

Please find the revised report attached to this email. If you have any further questions or need additional clarification, please do not hesitate to reach out.

Thank you for your understanding.

Best regards
Eunice Ng Qing Rong

Mike-tikus, I already earned how many free bintang beer and lobster from armada?

Stock : 5210 - ARMADA
118202090 01/02/2024 Brought Forward 150,000 0.4995
119109176 16/02/2024 Sell 20,000 0.5500
119109289 16/02/2024 Sell 10,000 0.5500
119124414 20/02/2024 Sell 20,000 0.5700
119130441 20/02/2024 Sell 20,000 0.5750
119130495 20/02/2024 Sell 20,000 0.5800
119130510 20/02/2024 Sell 10,000 0.5850
119130579 20/02/2024 Sell 10,000 0.5900
119130604 20/02/2024 Sell 10,000 0.5950
119130692 20/02/2024 Sell 10,000 0.600

Sometime I feel quity for profited from KYY when KYY push up jaks share pruce in 2017
But recent round I am very happy sold my jaks at 22 cents for my free bintang beer and lobster.

Send:
Dear Eunice Ng
CC: Kenny Yee Shen Pin

https://klse1.i3investor.com/servlets/ptres/70413.jsp

Teo Seng Capital - Set for a record year
Date: 20/02/2024
Source : Rakuten
Stock:TEOSENG

I am an ordinary investing public and was shocked to read your above article. Quote, “Though the company's current net gearing of 26.6x in rather exorbitant” unquote

From Toeseng Capital latest financial report ended 31/12/2023
Total equity: RM 477,078,000

Non-current liabilities
Term loan: 46,264,000
Hire purchase payable: RM 4,004,000
Lease liabilities: RM 3,241,000
Deferred tax liabilities: RM 29,016,000

Current liabilities
Trade payables: RM 43,654,000
Other payables and accrued expenses: RM 35,503,000
Hire purchase payable: RM 3,258,000
Other bank borrowings: RM 59,856,000
Lease liabilities: RM 852,000
Tax payable: RM 2,012,000

Total Liabilities: RM 227,660,000

And by the way the current assets RM 312,589,000 is higher than the total liabilities.

Hence may I know how you get the figures the company's current net gearing of 26.6x in rather exorbitant?

Your quick response will be appreciated.

Best Regards

Hahahaha,
Mike-tikus nothing to show except his blow water in jaks: each 1 Sen Up Shl has paper Gain 6 digit… is otw ….
Who is he trying to kid?
By the way his day and night 24/7/365 promoting jaks for tha past 8 months come to no avail.

Posted by Mikecyc > Feb 15, 2024 2:48 PM | Report Abuse
Haha no worries… each 1 Sen Up Shl has paper Gain 6 digit… is otw ….

Question:
Is the current BOD free to make decisions on dividend, special dividend and dividend policy or is BOD still taking instruction from controlling shareholder Dato’ Sri Thong Kok Khee?

Answer:
The Board highly values inputs, views and opinion from all shareholders including the controlling shareholder, and the Board, after evaluating and careful consideration of all facts, information and factors, will deliberate and decide at the Board meetings in the best interest of the Company.

@Tatooine,
Do not understand what you mean?

From Insas AGM key matters discussed:
As stated in Question 10, the Board will review and evaluate the financial performance, the availability of free cash and funding commitments of the Group & the Company and the global economic outlooks for the next 1 year before deciding any additional dividend that may be proposed and declared by the Company.

The stock is Teoseng selling eggs.

Teoseng
Ann. Date
Ex Date
Type
Subject
Amount
18-Jan-2024 16-Feb-2024 DIVIDEND Third Interim Dividend RM 0.0300
18-Oct-2023 15-Nov-2023 DIVIDEND Second Interim Dividend RM 0.0300
15-May-2023 07-Jun-2023 DIVIDEND First Interim Dividend RM 0.0200

Definately will top up Insas if price fall below 90 sen.

Yes bought some.