If you refer to the circular distributed to shareholders on warrants, management has indicated a possible 5% discount on the exercise price.

Let's hope that they fix at the maximum 5% discount so that the warrants are already 'in the money' when issued. Then it will be very good news to existing holders of mother shares.

Maybe there's a reason it is half asleep. Why chase up the price before price fixing of warrants? The smart ones would quietly buy before price fix, no need to rush in with the others during countdown to entitlement date. My personal opinion.

Looking to break 40 sen convincingly then onwards to 50 sen

DBT deals crossing this few days... cross to who??? Big show coming up

Any shareholder holding Ancom shares on the entitlement date would be given bonus warrants.

I believe the management's illustration of the theoretical value is on the time value of the warrants.

As you all know, value of warrant = (mother price - exercise price) + time value

Say they set the exercise price this week at 85 sen, for example. If mother is trading at exercise price level 85 sen, time value alone 25-28 sen.

Say mother share is trading at 95 sen (today's high), warrant value may be (95-85) + 25 = 35 sen

If mother is on an uptrend then the premium is usually larger. Any experts on warrants pls correct me if i made mistake anywhere.

Once price fixing is announced, you will have 8 trading days to entitlement date. So my strategy is to buy now and wait for price fixing which will be very soon.

Because once price fixing announced, people would be rushing to buy last minute to get free warrants.

Just announced: warrants issuance APPROVED at EGM.

If you require any assistance on the above, kindly contact Tricor during office hours on Mondays to Fridays from 9.00 a.m. to 5.30 p.m. (except on public holidays):

General Line : +603-2783 9299
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Email : is.enquiry@my.tricorglobal.com
Contact persons :
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Dear Shareholders of ANCOM BERHAD (“Company”)

Extraordinary General Meeting - Notification

We are pleased to inform you that an Extraordinary General Meeting (“EGM”) of the Company will be conducted entirely through live streaming from the Broadcast Venue, details of which are as follows:

Meeting Platform :https://tiih.online
Day and Date : Wednesday, 12 August 2020
Time : 10.00 a.m.
Broadcast Venue : No. 2A, Jalan 13/2, Seksyen 13
46200 Petaling Jaya, Selangor
Darul Ehsan, Malaysia
Mode of Communication : Prior to the day of EGM:
(Submission of Questions) • Via https://tiih.online by selecting “e-Services”
On the day of EGM:
• Typed text in the Meeting Platform

justin1njp: mother share price will be adjusted only if warrants are priced at discount (lower exercise price). But warrants is free.

Tomorrow 12Aug, EGM to approve Bonus (FREE) warrants 1-for-4. Theoretical warrant price at 40sen. Waiting for free angpow to come.

Microlink quite expensive price per share. I think investors will look at its parent OMESTI.

Microlink announced winning of POS MALAYSIA contract on revenue sharing basis. Long term recurring income project. Omesti to limit up tomorrow???

Bonus issue, free warrant.

Friday selling pressure from RM1.10 due to those who bought last month around 90 sen plus during one day spike.
Now that washing out 90 sen contra holder is done, time for new up wave coming week. Be ready.

TheEdge weekly just published interview with Ancom CEO, page 28. Active Ingredients (AI) to double from 4 to 8 AIs, their money-making products. Expect new growth of agrochem biz to drive the entire Ancom Group forward.

Many sold yesterday, thinking to collect back for warrants. Didn't expect to be such strong momentum. Those big players who sold yesterday, this morning buyback strong as evident from the volume. Prepare for good news over the weekend :)

Most brokerage system lag/hang. Slowly collecting and wait for all to join the party hehe

So meaning whoever win the award, S5 will benefit anyways. Rebranding of Ancom started last year, now investors start to take notice on this counter. Congrats to all who hold and believe in Ancom.

S5 never direct tender NIIS project. They partner with all shortlisted company that tendered.

RM1.20 tomorrow :)

Countdown to award announcement... stay tight everyone!

Last call to top up... boom anytime.

Results will be good but maybe not hit the high expectations of the market. Hearsay info.

Same as Hextar, agrochemical biz.

Pending ML good news... Omesti mesti boleh :)

According to Bloomberg warrant pricing model, the warrant assuming mother share at 71 sen is around 25 - 28 sen, if conversion priced at par. Their circular mention priced at 5% discount possibly, so warrant maybe worth 30 sen at least, assuming mother share above 71 sen.

Not bad at all, get 30 sen angpao for every 4 shares held.

Results not good partly to consol Nylex results, and also final write-off for media division following Thai partner accounting treatment. Thai partner is also public listed so need to follow their accounting.

With media zero book value, and restructuring ongoing, better days ahead for Ancom. Have faith in the management!

Any learned corporate finance person would know that an IB willing to sponsor a RTO case must have already a certain level of confidence on the viability of the execution from start to finish. Congrats to S5 and ALB team for having found an IB. Best of luck to TA Securities and also to all shareholders :)

Got wind that Microlink will have good development next Monday. Should benefit Omesti tremendously.

S5 never tender for NIIS award. Whoever wins NIIS will benefit S5 as S5 is the back end system provider. Like a subcon to the main con.

Iris seems in favor to win according to news.

The EGM to approve bonus warrants is 12Aug, so i think date should be by third week Aug? Will have more clarity after EGM

Due to hot RTO deal at ALB, this mother share mostly tracking ALB for now...

New director appointed at ALB side. Why appoint new director when RTO is happening? Might lead to some to imagine that new party installing own director to monitor and take part in board from start to finish of RTO.

Many confuse on the multiple announcements by Ancom, ALB, Nylex, MyEG...

Nylex need to pay Ancom for acquiring ALB's businesses. Debt owing from Ancom to Nylex will be reduced.

Nett effect to Nylex is gain new ALB biz to streamline operations, but less cash due to paying Ancom.

Ancom reduce debt, gain minority stake in new business where MyEG value at RM900m.

Sold my Nylex shares and switch to Ancom, good luck to everyone!

S5 tried to RTO Goodway last time but did not happen becaue S5 was still headed by this Johann Young who was blacklisted in ASX and also on red flag list by SC.

Now S5 new majority is S7 who is said to be linked to Uncle Din.... Plus MyEG would not acquire 10% for RM90m if they are not confident of S5's future plans, whether is RTO or award of NIISe.

MyEG paid RM90m for minority in S5, Ancom just lend a shell at DOUBLE the NTA of the shell.

This time is game changer for Ancom... HOSEH!!!

MyEG paid RM90m (!!) for a 10% minority stake in S5

Ancom render a listing shell with NTA 5 sen, issue at 10 sen (premium to NTA).
End result is also a minority stake in S5

DEAL OF THE YEAR FOR ANCOM!!!!

Deepak sold alot on Tuesday prior to suspension.

He was working on another RTO deal last time so he own buy ALB thought can jadi....

No need for Ancom to handle new biz. New biz S5 management and owners will handle.

Ancom just sit back and enjoy the ride :)

Ancom LB wont be a one day show based on historical performance for RTO counter, maybe worth to take a shot there...

https://www.theedgemarkets.com/article/multibillionringgit-iis-contract-likely-be-awarded-single-company

Whoever win IIS, will partner S5... S5 is the winner after all...

https://focusmalaysia.my/mainstream/ancom-logistics-rto-positive-for-ancom-says-source/

Restructuring:
Disposal of loss-making media, reduce loss
disposal of ALB biz to Nylex, reduce debt
render ALB listing to S5, participate as minority in new Immigration IT billion dollar biz

Core biz Agrochem continue to be profitable with new Active Ingredients

Comeback time for Ancom.

S7 Holdings is SHAREHOLDER of S5 Systems.

HOA Signed between ALB owners Ancom, and S5 owners S7 etc.

Connect now Dis-Connect? Haha

I don't think Ancom bidding for immigration project, just render listing shell to S5. They need to look for assets to acquire anyways after selling logistics biz to Nylex as part of restructuring. If not ALB will be categorized GN3 without biz. Win-win for Ancom and S5.

Heard from sources announcing this morning pre market or latest in morning session. Pray for the best.

Seems like ALB will dispose existing biz to Nylez, then the listing shell let S5 RTO it. That's how i read the news.

Just wait for announcement on signing. Let ALB clear the air with proper announcement.

After reading the news, announcements from MyEG and reports on S5, below is my opinion:

1) MyEG paid RM90m for 10% of S5, valuing S5 at RM900m. The deal was announced in June, completed 7th July as per MyEG announcements.

2) Connect made an announcement to address an online article, but nothing signed with S5, just admit that they are talking. After delaying for a month plus and no subsequent follow up confirmation, seems like RTO via Connect is aborted. Looks like someone use the news to goreng up. Pity the innocent believers of Connect.

3) If S5 were to be injected into ALB, it is a win-win-win for ALB, Ancom and S5.

S5: Gain listing status in time for new awards of contracts, preparing for possible winning of jobs. Value creation via market cap for owners and new shareholders of S5.

ALB: Disposal of current tank farm and logistics biz to Nylex (their main client), listing status to be sustained by new biz injected from S5. Minority will be part of a RM900m to RM1b company based on existing biz. Future growth possible with new job win.

Ancom: Sale of ALB biz to Nylex translates to gain for Ancom (reduce debt to Nylex). Dilution of ALB holdings from 48% to possible 5 to 10% depending on valuation of S5. Take 5% for calculation purpose.

Owning 5% of a billion ringgit co = RM50m.
Future job win will increase the 5% value to RM100m?

Ancom current market cap only RM200m.

ALB holdings current worth after injection =RM50m
Nylex holdings at current market cap 50% of RM150m = RM75m
Agrochem PAT 35m PE13-15x = ~RM500m

Even minus debt of RM80-100m at holding level, easily RM500m valuation???

Total shares 250m, so each share RM2???

All 3 counters under Ancom Group suspended: Ancom, ALB and Nylex.

Anyone knows any news?

80 sen resistance will be tested soon. Hopefully breakout this time!!