Refer to this old announcement by CIMB for 2015 DRS.
https://www.cimb.com/content/dam/cimbgroup/pdf-files/CIMB%20Statement_D4%202015.pdf

According to it, we can opt out of DRS.

bursaking, I also unsure as I never experienced DRS before. Right issued yes but not DRS. I wonder if we are given the option to opt out at the first place. As per my experiences with rights issued and Privatized (Delist) by owner, my investment bank acct rep gave me a call to ask me to decide on whether to opt in or opt out and advised me on the necessary payment if required. Check with your remiser or investment bank on this.

Sarawak Plantation is mid cap and may not have enough floating shares to start the engine.

Wait for volumes to decide as well as closing price of Future Palm Oil trading for June 2016 and July 2016.

It s good that EPF dont control much of the market in Bursa as that would create a false market due to tight control by EPF. To encourage healthy market, EPF should reduce the holding after defending our index counters for some time due to negative sentiments back in 2014 and 2015. It's time to let the foreign capital to flow back in.

Sarawak Plant, when you going to start engine to move up? CPO almost touching 2700

It s DRS. You won't get a single cent from it but shares units based on your total dividend reinvested.

Pls break 1.32 for a sustained uptrend.

Wait for harvest after 2 years with this counter.

Kai89, was waiting for the 2-3 days to see if it breaks 2.8. But it didnt, and I didn't manage to sell all but 70% of my holding.

even I bought at 2.9 also kena trapped. Then I bought at 2.5++ and it up back to 2.77. Next I sold some. Now some still trapped.

Not necessary short of cash to do things. Could be due to the BASEL 3 requirements on capital adequacy and market liquidity.

Theoretical ex price is 4.49 based on 5 days average price of 4.60 as per the announcement.

After one week can privatize back at 75 sen. Profit 45 sen per shares in just 1 week. What a strategy.

DRS is like using your dividends to reinvest into CIMB and the price of the counter will be adjusted after ex date. In other words, CIMB needs more money from the shareholders and based on rough calculation, CIMB will raise around RM940 million from this exercise.

Con counter for sure. 1.70 - 1.20 - 1.07. Go and figure out yourself.

I still remember how Ranhill bosess ditched us minority share holders back in 2011 and offered a ridiculous buyback price after they have been accumulating during the Arab Spring. Instead of growing together with the minority shareholders, they wanna gain everything themselves after the end of the Libya civil war. Now, wanna listed back at RM1.70? Go and play with yourself.

The bosses sure will makan all your IPO money and then delist back after few years. You gained nothing from it. Dun get trapped.

no volumes and interest in this counter yet. Dun expect any push for the moment

CKWan11d, agree to stay side line and hold. Latest Quarterly results did not assure any catalyst for the counter to move. Am still monitoring the progress for WCE and Penang Transport Master Plan.

As shared by Kai89, if it cant break 2.80 for 2-3 days, better exit. I will monitor until end of today.

The last time i sold odd lots, i need to give a call to my investment bank to sell it since there s no option thru online or mobile. Besides, they sold it lower than market price and charge a higher fees. Odd lots isn't a good deal.

Alternatively is to ensure your holding can convert into 100 units of CIMB. My rough calculation would require you to hold at least 3700 units. This will translate into 3.7 x RM110 = RM407. The DRS is offering a share price of RM4.04. Hence with RM407 you would be able to reinvest and obtain 100 units.

Please correct me if i am wrong.

High volumes still unable to push the price up. Something fishy is ongoing

Based on the calculation, 1000 units should receive 27 units after the DRS. Not sure though if we can opt out from this DRS.

Last time i received bonus shares / share dividends, they did give odd lots but not in decimal. They round it up to the lower odd lots.

Highest volume for the last 1 year but yet only can push until 1.22 before closed back at 1.17. Is someone been accumulating for the last two trading days?

Just leave BWC alone. He has his own views and opinions. kai89, focus on your TA approach. If BWC made money or lose money, it wont affect kai89. Same to kai89 making money or losing money, won't affect BWC.

Volume was high for the last 2 trading days. Out of the normal volumes.

I still dun get the DRS. Meaning instead of getting cash dividend, I have a choice to either subscribe to the new issues of shares with the dividend?

When can it breaks RM4.70????

PHB is now confirmed a sunset company with no actual operating profit in 2015 if not for the disposal of asset and a gain of RM136.3 million. Cash flow of 1 billion is being financed with debts of RM2.8 bil with majority of the borrowing in USD of USD560 million. There was no repayment of loan/borrowing in 2015 and the finance cost itself was RM60.2 million in 2015 compared to RM42.5 million in 2014. This clearly show that the debts has increased tremendously.

If USD continues to stay strong and Yuan and MYR cont to stay weak, PHB would really be stressed up due to its debts in USD.

Smart WC. Use Agong money to buy back his own shares. He secure the money in his pocket and let the Agong mati itself. Reducing his own personal exposure risk to PHB.

Keep and wait for Q1 results. If results still shitty, then it's time to cut loss. CPO price from Jan - Mar already averaging RM2400. If with such CPO price recovery and THPlant still performing badly, it's time to forget bout this counter.

Pls dun rebound that fast. Let the positive feeling sink in first. Next only ppl will come and sapu. Now those panic sellers yesterday still yet to believe in it. Have to rebound 2-3 days then only they will jump in the ship.

Really finger cross that it will rebound back to RM2.75-RM2.80.

Rebound is coming.....

tressele, true. That shows it's the market sentiment on glove and exporters counters. Better to wait and not to go against market sentiment.

the strengthening of the Ringgit doesn't justify the drastic dropped of Supermax. There could be something brewing which only the internal ppl are aware. Not the retail investors. Stanley Thai guity for internal trading?

US job data is good. Fed having meeting this mid month. Should the sentiment is positive regarding rate hike, then RM will depreciate against US for the next two weeks until Fed announced their decision on whether to raise US rate.

Dont forget some warrants expiring in March. Pressing down price by banks and investment funds is possible.

Monitor Thursday and Friday as highlighted before.

You will know if the boss has kissed someone's butt based on his ongoing trial on insider trading charge.

If follow back previous trend, get hold on Thursday and Friday when they flushed out all the contra players by T+3. As highlighted earlier that the counter should drop further on Monday - Wednesday but wont be much. This only is follow previous trend.

Results released. 5.327 mil net profit

4% dividend declared is a bonus as supermax didn't declare dividend for q4 results before this. The price has corrected much from
3.52 highest. Counter price may drop for the next 3 days to flush out all the contra players but won't be much. Just to create enough negativity to flush out contra and panic players.
Hold on and monitor for next Thursday and Friday. This is my personal opinion and observation.

Results can be out on Monday as well. Not necessary today.

it's exactly the same pattern! How come you guys dun see it? Hold on to your existing shares and accumulate more.

See if it breaks 4.40. Else, it will continue to yo-yo between 4.40 and 4.30.

The QR must be extremely good. Accumulation is really aggressive. I must prepare more bullets to start loading...Still have 2-3 more trading days to load more at cheaper price.

Kai89, 2.79 could be too low. Maybe leave a buffer of 10cent. Start loading at 2.89 all the way until 2.69.

Forget bout PHB. It won't be making money as long as China's economy is still in weakness. And this could last the whole of 2016 and half of 2017. By then, it s almost the 10 years cycle since 2008. Would the economy global crisis happens in 2018? If yes, PHB has no chance to rebound until 2019.

Well at least both your counters still make profit. I have Sarawak Plant and TH Plant, both also not making profit.