Prediction: DEC 2014 Quarterly report. EPS 45cts, ROE>20%, PE=6.
Price 2.00~ 2.50, Jan 2015.

Very little seller, no selling atmosphere. 1.50 should be not problem.

Volume is moderate and price slowly go up. This is good. Easy to push up the price.
If volume too huge, need lot of buying force to push....

Index is dropping and HoHup is going up. Good...When quarterly report is out, it should shoot up.

OSKPROP has gone up a lot recently. Compare the EPS/PE/ROE/NAPS, conservatively say AMPROP should worth at least 1.70 to 2.00. If see the chart, it is just start picking up, hope the momentum can sustain.

Vege, you serious kah? Sold 1.30 and now come back grab at 1.35? 1.35 not high meh?...:)

Brendon,
My question 2 is after the announcement of redemption by Amprop, within the 30 days notification grace period, can holder of RCPS sell their share in open market? (If the share is 60cts > then redemption price of 50cts).
Think of it, who will buy it if Amprop wants to redeem with 50 cts? Sure share price tumbles...

I am more concern about question 1. If RCPS higher than 50 cts and Amprop wants to redeem it? Then what mechanism can protect RCPS holder?

Sign of poor quarterly financial report?

Thank you tc2012.

1. Amprop has the right to redeem back RCPS at any time during this 5 years period by giving not less than 30 days' notice to holder. Redeem price per RCPS is 50 cts regardless of market price at that time?

2. In this case, after Amprop announced its redemption plan, within the deadline, holder still can sell RCPS in open market if RCPS is higher than 50 cts at that time?

Example of RCPS is Hohup-PB.

1. Another Scenario is after maturity period. 2 RCPS will automatically convert to 1 ordinary share.

2. This scenario is a bit confuse to me.
Company conversion.
If RCPS share price drop to below 10% of its value. Company has the right to invoke mandatory conversion of RCPS to new ordinary share without paying holder any money.
Is this correct? Please read RCPS proposal clause 2.6.

The possibility of course is there but the chance is very slimmmm. Market is expecting an improved result. The point is how good it is? I hope the accumulative EPS for 12 months is higher than 30 cts.

Expensive or cheap is very subjective.

I think Amprop is generous enough. Usually company will issue RCPS or Right issue under subscription scheme to raise fund. Amprop did not ask money from share holder, and yet given RCPS for "free" in such arrangement. Don't forget you still have 4 years to exercise the RCPS.

To release the intrinsic value of a share, market needs "catalyst" to rationalize the raise in share price. RCPS is a "tool" for that too.

In Amprop case, the raise in price after the Bursa approval on RCPS is below expectation. My judge for the price will be around1.80 before ex date, in view of average PE ratio for property counter ranging from 8 ~ 12 times. This is backed by NAPS1.65 & Est EPS 20 cts.

Good assumption. Then lot of people PK. :)

Vege,

1. If give dividend, after ex-date also will deduct (adjustment) share price. Same like RCPS.

2. RCPS also a dividend distribution scheme. You can redeem 1 RCPS for 50cts within 3 months. This means 1 ordinary share now you will enjoy 25cts dividend.

3. Yes, the main purpose of RCPS is to retain the profit for business use. In order not to encourage investor to redeem the 50cts, the share price ought to be above 1.00 after ex RCPS. Which means share price before ex RCPS technically should be at least 1.25.

4. If say after 1 year the mother share is 1.20.
2 RCPS redeem 1 ordinary share. (2 x 50 cts = 1.00 cost) can get extra 20cts gain. You are granted a 4 years period to exercise your RCPS to the best of your interest.

This is to my best understanding after studied the RCPS proposal. If I am wrong, please enlighten me.

Tan Sri wants to give us money why we want to reject? We just please him lah:)

Ronnieq, quarterly report out tomorrow?

Quarter report should be released any time from now. Result should be encouraging. Hope price will be going up after report released.

Mr vege, 4/9, not 3/9. 11am. Ballroom 1, Tropicana Golf Resort. I am not going. You can vote yes for me. Haha...

Hi Mr Yeap, I said not a good sign is referring to starting to have groundless gossip news in this Amprop forum. As for share performance, I have no doubt at all at least until the ex of RCPS.

This Amprop forum have several good and kind guru like you, always sharing analysis and constructive ideas with us. l do very much appreciated you all kind sharing.
After your advices another 2 steps for the RCPS, I sapu again on Monday and make some extra paper gain there. Thank you very much Mr Yeap.

#Today, there is a big road block at 1.36, may be someone is collecting below 1.36? If coming Monday and Tuesday do not have big profit taking, then it may conclude that they are collecting and not contra players. EGM is near the corner and should have some surprises in view share price climbing up so steep this week.

Not a good sign. When someone openly said heard from reliable sources and more speculating players come in. Share price difficult to go up as contra players take profit activity will be very frequent. If you really got channel to know the movement, common sense will be accumulating first then release the news. It won't be make the news openly then collect. Doubtful...I prefer share price going up slowly reflects fundamentally factors.

If you hold 500K share, you will be in the top 30 shareholder list.... Any of you that your name is there? Wow...top 30 shareholder in listing company...not bad....hahaha..

Mr Yeap, sorry for wrongly spell your family name.
Thank you very much for your info. EGM will not be a hindrance in this case. The RCPS proposal will turn into dream come true in few months time.

Next week will be all the way up....

Mr Yeah, do you mind to share what are the remaining 2 steps? 1.23 so long queue also you managed to get. Thumb up. I hv no patient to wait, grabbed at 1.24.

sold 90%. Waited the news for so long but the market respond is not as I expected. Keep the free share for long holding. Hope it will rebound after the coming quarterly report released. Good luck to all of us.

Mr Lim, pls don't mention it. Google direct translation only:). 舉手之勞，不足掛齒。

Mr. dish light, optimism on the stock market is actually not a bad thing, but also help push the stock price.

Really no energy. A bit heavy the gunny bag. $$$ into gunny bag.

Please see Fimacor's price today.
Fimacor is proposing similar proposal and share price goes up RM1.02 (13%) in one day.
By end of July, Amprop shall submit RCPS proposal to Bursa for approval. By that time, should see the positive impact on share price.

For the RCPS proposal,
2 mother share --> 1 RCPS.
2RCPS --> 1 ordinary share. (After Ex date, re-listing)

RCPS redemption value is 50 cts. Which means 1 mother share enjoy 25 cts return distribution.
This has assumes the mother share now worth at least 1.25. + opportunity to convert RCPS to mother share within 5 years.

What if the share price goes up to RM4~RM5 within the 5 years? think of that also happyyyy.

Sorry, Amprop par value is 50 cts, Dividend yield 6% is about 2.5%. Not 5%.

No need to worry abt price dropping. Cannot be forever going up one, right? Just eyeing for the coming dividend in Aug. Previous years paid 6 cts. If maintain, can get 5% return base on current price already. Where can get such good interest rate in Bank for less than 2 months?

trustme923, i will wait until the free RCPS. I am buying all the way up from 1.03 to 1.22. I'm confident that it will yield at least 20% return until end of this year. When the official proposal submitted to Bursa, the price would have gone up a lot.

Hope those trapped short term players quickly dispose. Then, selling pressure will be reduced. Or else, go up 1-2 cts also many people throwing difficult for share price to go up.

You may not able to get with 1.21 tomorrow or after this week.

Hi Seph, thanks for enlightening. Yeah, cannot take PE ratio like that.

#Seph, 20.49% is for less than 6 months, means 40% per annum. (Too good to believe....)

If this year EPS is 40 cts, PE 5, share price is 2.00.
1.80 is a very practical assumption.

Just completed acquired my targeted volume today. Phew....
This proposal seems like a money distribution scheme... a bit too good to believe.
The major risk is whether Bursa approve this RCPS proposal or not? and how much the mother share price adjusted to after RCPS listing later....

2013 annual report released 26/05/2014. 
The recent price slide could be related to unfavourable aspect of the annual report, if any? 
Can someone good in accounting/analysis share your thought?

Can someone advise the followings:
1. For ICPS/RCPS, the holder need to top up 50cts to convert ICPS or RCPS into ordinary share by 1:1 ratio?

2. If yes, this extra 50cts per share will treat as special/extra income of Ho Hup?

Hope someone can clarify my queries above. Many thanks.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1600817
Dividend ex 06/May/2014, 5 cts.
Pay out date 05/June/2014.

Do some home work lah....

Good result. If PE ratio is 8 also the price should be around 2.40. Still a very good fundamentally stock. Buy in more.

Can someone share your ideas why major shareholders convert warrant to mother share, where if they sell off warrant and directly buy mother share is cheaper? What is the motive?
Also, how to convert preference share to ordinary share? Do you need to pay for the conversion?

My opinion is other way of your opinion. For EPF, better drp under subscribe, then EPF sapu all. Later only push the price and profit taking. Epf needs to pay dividend to its members too.

Fundamentally good or no good. let see tomorrow financial report. If this stock is really good sure a lot of investor will buy in and invest. We got to be cautioned because some fundamental factors might already changed. Aeoncr also focus on personal loan and they are doing very well, and no to say MBSB's customers are mostly government servants and repayment of loan is directly deducted from salary and yet still have NPL close to 5%. Anything can happen in Bolehland......

#apprentice, tks for your kind explanation.

Please note there is additional charge for trading odd lot share, so please calculate is it worth to take the DRP if yours volume is small and odd.
I do not know the charge rate, pls check with your broker.

Thank you bjax22. It means have not announced yet lah. Correct kah?
If price drop like this, better take money loh.

Bro & Sis, when is the last day for decide on DRP or taking cash dividend option ah? Could not find any deadline on this matter. Thanks.

@PN17player, more seller and the price will move up? Bro, you must be kidding on me.

1.61....now all selling...may be another round of roller coaster..

Watch out !!!! 30 mins price went from 1.54 to 1.60

1st quarter financial result released. Compare to 2013 same quarter, profit up by 35%. GOOD! 2013 EPS (1Q) - 31.06 cts.
2014 EPS (1Q) - 42.23 cts.