This PP will repay parts of AGES debts, with another new contract on hand , so many good news in the air right now

Ageson: To raise RM18.7m via private placement to repay borrowings. Ageson proposed to undertake a private placement of up to 20% of its issued shares to raise RM18.7m to repay borrowings. The proposed private placement will involve the issuance of up to 259.73m Ageson shares. (The Edge)

Up to you, goodbye!

@swimwithsharkss ICULS cancelled, another private placing, seems like AGES solve their internal funds issues

Good for him, any profit is profit but I'm here for the long run

Eh? good news again? another solid sign for AGES

many positive sign showing lol, which will lead to strong rebound soon

Now with construction sector recovering, AGES is bound to move up

Lol, anyone can made a bearish prediction during mco period

for sure someone is collecting at low price

@davors Not sure if you even scroll down or trying to spread misinformation, the company is a subsidiary under 3 companies

@icon2021 I suggest you to fully read the article again, AGES only sold a portion a land and ZGDEG are experience in building IoT smart buildings which I believe they are gonna focus on this segment entirely

https://www.theedgemarkets.com/article/construction-group-ageson-sell-portion-industrial-land-perak-rm279m

@solidgold What kind of logic is this? Getting new contract and project are good for the company in the long run which will benefit shareholders too

“Through this partnership, the group will be able to conserve its cash to undertake more development projects or construction projects. Financing for the development of the project could be funded via the collaboration as well as progress payment from sales of the proposed development. This will avoid the need to tap external borrowings, which help Ageson to not to increase its gearing level,” according to Ageson executive director Datuk Seri Chin Kok Foong.


https://www.theedgemarkets.com/article/ageson-secures-rm952m-residential-development-project-selangor

wah, so many good news for AGES, up up up

Back to 10-13 cents range soon??

Feel free to correct me if I'm wrong lol, every sector is open up and recovering soon, the future prospect looks better than covid season now

Lol, every sector is opening up for business now

AGES back to business!!

Good afternoon guys, good closing for ages today :)

might hit 10 sen today?

@CUTLOST Congrats, but the momentum is just starting

giving constructive comment btw

anything is trap to newuser777

Seems people want to make story only, ignore only la

not even close to pn17 with current state, AGES are still earning profit every quarter

Might be possible, but currently no sign or news about it

https://www.theedgemarkets.com/article/market-confidence-expected-return-4q2021-economy-reopens

Nice closing !

Nice, today started to pickup again

really steady today... next week another challenge

No.1 known keyboard warrior in i3 = whistleblower99

AGES did well even with covid affecting most sector, you can check out the recent annual report

thats the market for you, ppl just want to goreng but ignore the fundamental

steady pom pipi ... just chill lar

Recently property is having recovery signal. Next will be construction ? heehee....

Construction index already slowly recover, but I think the 12th Malaysia plan announcement later this month will be a huge factor too

I think they gonna goreng soon, better collect some or wait at 0.07

@deepseavalue what you said are right, always go for the long run

https://klse.i3investor.com/blogs/savemalaysia/2021-09-09-story-h1571463495-RHB_Research_Malaysia_s_construction_sector_is_gearing_up_for_revival.jsp

sunday off day, even keyboard warrior need tor rest

Wow, still commenting on saturday, got extra pay kah? niceeee

https://klse.i3investor.com/blogs/cdiinvest/2021-09-03-story-h1570696549-Top_7_Takeaways_from_AGESON_BERHAD_KLSE_7145.jsp

Top 7 Takeaways from AGESON BERHAD

1. Key Business Model.

2. Change of Key Management.

3. High Margin Construction Activities.

4. Decent Cash Flow.

5.Potential Dilution of Per Share.

6. Recovery of Economy.

7. Low PE Ratio.

As a long term value investor, I got no worries with Ages. Their Fa is getting solid.

hahaha so free to make comment, Not long term investor but long term monitor, Not bad, good move. XD

lol, Interesting topic, Anyhow, construction is on recovery ma XD and you complain now ?

Now construction is started to open back,

Most probably, the next wave to goreng is Construction sector ?

Very aggressive conversion of ICPS! Will this company move soon?

Irredeemable Convertible Preference Shares, or in short ICPS had been a “urban legend” amongst retail investors. Most would think that with the issuance of ICPS, the share price of the company would be seeing some “action”, but is that the truth?

Well, part of it its true, but definitely not all of it.


ICPS is a mechanism for a company to raise cash via 2 tier methods, first one being fund raising via issuance of ICPS, the second is additional cash raising via conversion of ICPS. But what would trigger investors convert their ICPS into common share, if the expiry is still far away?

Normally, it would be the share price movement that triggers the conversion of ICPS.



For example:

Market price: 50.0 cents

Costs per ICPS: 5.0 cents

Conversion price: 30.0 cents

Arbitrage profit: 50.0 cents – 35.0 cents = 15.0 cents



But what if the ICPS is trading at 30.0 cents, since everyone knows that there is arbitrage opportunity to be found? Well, then the additional 10.0 cents will be termed as “premium”. A premium simply means time value of money, or the potential of share price to move even higher, so you could profit more from the ICPS


Yes, it is very similar to warrants.

There are some rare cases in the market like the sample of Company A, and the arbitrage profit is usually terms as “negative premium” – when you see this term, basically it means “free money”. However, investors should also take note that the conversion of warrants or ICPS takes up to 5 trading days, so by the time you claim the “free money”, normally the share price had already gone down.


We do have an exceptional case study today, which is very, very intriguing, and interesting.



For example:

Market price: 9.5 cents

Costs per ICPS: 1.0 cents

Conversion price: 13.0 cents

Arbitrage profit / (loss): 9.5 cents - 13.0 cents = (3.5 cents)



Why would someone convert the ICPS at the loss of 3.5 cents per share? Why not acquire the shares directly from the open market?

*Assuming the acquisition of ICPS was from rights issue of 1.0 cents per share, not from the market trading price of 2.0 cents per share.


Since April, there had been an aggressive conversion of ICPS. The total sum is amounted to 151,233,333 ICPS converted or RM19.66 million. If per share loss on conversion comparing to the market price of AGES, the loss would be amounted to RM5.29 million. Why would someone convert the ICPS, instead of buying from the open market?

As you can see from the chart above, there are no chance of arbitrage opportunity due to the share price being in the lower levels.


There are many assumptions in the market, but none of it really makes sense. The conversion of ICPS meaning additional cash flow moving into the company – which is a good thing and most importantly, after the conversion, they could not sell, or no reason for them to sell due to the potential realized loss. What we know now for sure, is that someone is accumulating AGES share at a 40% premium higher than the trading price.


Some also said this is the conversion of directors, but unfortunately, for those who know even the slightest about Bursa Malaysia regulations, the directors must announce upon any change of shareholding within 5 trading days. Since April, there are no announcement surfaced so far.


So I have strong reasons to believe, AGES had something brewing behind. Could we see some strong movement in share price soon?

I come in then no more show?

So happening today ?

This Citaldel9999 seems so famous at all forum, Go anywhere to comment randomly nia. Funny. So come back to point. What if I sensitive, problem ? When come to forum, we talk about fact. But you like come in here syiok sendiri.