Today, bought RCE at 1.60

Today, sold back naim at 94sen

today, bought CMMT at 1.02

sold back balance toyoink

sold back malton at 56sen

sold back at 46sen

add more gbg-wb at 45sen

sold back AZRB at 45.5sen

sold back at 2.37-2.41

sold back at 97sen

Entitlement date for bonus and free warrant on 24 July

1. Bonus share 2 for 5
2. Free warrant 2 for 5 (exercise price for warrant RM 1.79)


Upcoming next catalyst will be special dividend

3. Special dividend RM 177m or 29.3sen/share (ex-bonus share)

It plans to use 32.7% of the proceeds or RM177mil – the largest portion of its intended utilisation – as a special cash dividend for its shareholders within six months of the completion of the disposal.

Add malton at 55sen

bought paramount at 2.30

sold back all jaks at 83.5-84sen

sold back all at 18.5sen, lack of momentum, resting first

bought back again all homeritz at 18.5sen

sold back all WB at 20.5sen

GOOOOOOOOOOOOOOOOOOOOO for second round

bought back all homweritz-WB at 19-19.5sen

sold back all WB at 19sen

So far, total trading 77m volume already exceeded total issue 75m volume, if stripping out major shareholder stake 56%, today most of the minority shareholder already exchanged trading 2 time with market maker keep accumulating from minority exchanging share

GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

Rebounding

Homeritiz -WA exercise price is 92 sen

Homeritiz -WB exercise price is 54 sen

Selling pressure ease off now as volume spike up to 46m traded or about 61% of 75m total listed volume

Total homeritze warrant-WB listed volume is 75m. Based on half day trading volume today already reach 32m exchange hand.

If stripping out control shareholder stake 56%, almost all minority shareholder have exchange their warrant entitlement already.

warrant premium = [(warrant price + exercise price) - underlying price] / underlying price

Homeritze warrant-WB = [(13sen + 54sen)- 64sen] / 64sen = 4%

Homeritze warrant-WB current premium is only 4%, is the MOST undemanding valuation for newly listed warrant

Add more at 16sen

bought homeritz-WB at 16.5-17.5sen

Tomorrow, new warrant b listed. Homeritz WB limit up

bought back at 89.5sen

Add LHI at 94sen

bought LHI at 96sen

sold back some toyoink

bought malton at 57sen

sold back TRC at 69sen

bought back sapura at 30.5sen

sold back bjcorp at 27sen

bought more Hohup at 53.5sen

sold back homertiz at 61.5, entitle all warrant

bought Gbg-WB at 41sen

sold back gamuda at 3.65

bought bjcorp at 26sen

bought gamuda at 3.60

Add hohup at 56.5sen

sold back all kps at 1.10

The sprint offer price for equity value RM900m. Therefore, KPS 20% stake only can get RM 180m. If take into account kps initial cost on acquire these 20% sprint about RM 120m + accumulated loss over year on sprint which incur operational loss since inception + interest cost on borrowing, total net gain on sprint is very minimum.

The good thing is that, kps can monetize these loss making associate sprint, channel capital to other viable business to growth its EPS.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6199385

bought back jaycorp at 96-98sen

bought hohup at 57.5sen