Post removed.Why?

seems like up due to the call warrant issuers buying in to hedge

Raghbir singh bought on 9th and 11th, sure ada cerita mari

Raghbir Singh selalu manage to buy low and sell high, sure will jump soon

angelinaloke, don't understand why need the sum of 3.29x2+1.35 need to be divided by 4

if 1.35 is derived from the 32% discount of 1.98, isn't it weird that 1.35 is used to calculate back 1.98?

appreciate if you could explain it, many thx

On behalf of the Board of Directors of Bumi Armada ("Board"), Maybank Investment Bank Berhad ("Maybank IB") and CIMB Investment Bank Berhad ("CIMB") wish to announce that the issue price of the Rights Shares has been fixed at RM1.35 per Rights Share ("Issue Price").

The Issue Price was jointly determined by the Board and the joint underwriters for the Rights Issue, namely CIMB, Credit Suisse Securities (Malaysia) Sdn Bhd, Maybank IB, UBS Securities Malaysia Sdn Bhd, RHB Investment Bank Berhad and AmInvestment Bank Berhad, on 26 August 2014, after taking into consideration, among others, the following:

(i) the funding requirements of Bumi Armada and its subsidiaries;

(ii) the prevailing market price of the Shares;

(iii) the theoretical ex-all price ("TEAP") of RM1.98 per Share (after the Bonus Issue and the Rights Issue), based on the five (5)-day volume-weighted average market price ("VWAMP") of the Shares up to and including 25 August 2014, being the last trading day before the price-fixing date of the Rights Shares on 26 August 2014, of RM3.29; and

(iv) the prevailing market conditions.

The Issue Price represents a discount of approximately 32.0% to the TEAP of RM1.98 per Share as set out in item (iii) above.

The Board is of the opinion that the discount of approximately 32.0% to the TEAP is reasonably attractive to the entitled shareholders of Bumi Armada to subscribe for the Rights Shares. This discount to the TEAP is also generally in line with the market discount rates for major rights issue exercises implemented in Malaysia over the last five (5) years.

Based on the Issue Price, the Rights Issue is expected to raise gross proceeds of up to RM1,997.0 million.

This Announcement is dated 27 August 2014.

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1.35 is the rights ex-price (1.35 is 32% discount of the theoretical ex-all price 1.98)

3.29 is the (5)-day volume-weighted average market price ("VWAMP")

can anyone explain how the theoretical ex-all price ("TEAP"), 1.98 is derived? thx

whether they get the petrol card project or not won't affect 2nd quarter result

today t4, if can consolidate, from the charts looks like will go higher

zzzz... this stock sleeping d....

venomv IF SUNZEN can hold and absorb all the profit-taking at this level, it'll SURGE again very soon!
Sunzen is a winner. Just look at the Sunzen stock code : 0 1 4 8. IT'S telling you something.
14/08/2014 11:30
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0 1 4 8, that is a real ridiculous reason to buy a counter, but i like the way you think haha

what i heard is 60c takeover price, gonna wait and see

lotsa ppl throw at 1.93, yet somehow there'll be ppl eating it up

an observation, since the last 2 weeks no change in director's interest...

6 director's who dispose share from 23/6 til 26/6, all of them combined had less than 1% direct and indirect interest in the company

20,768,000 shares were acquired from Dato’ Abu Hanifah Bin Noordin at 1.95, perhaps 1.95 would be an interesting reference price level

just because the announcement might be delayed must sell? then better don't hold dsonic

for the past few weeks, can see support appear whenever it's sell down to near 1.93-94

besides the potential fuelsub project, they already have mykad and passport going, and earnings should improve due to the purchase of the card manufacturing plant that will decrease cost

sell high and buy back low later? i dunno what will happen tomorrow, but i can guestimate months down the road it will give good returns, plus its stressful to watch the price all the time

as long as the fundamentals of dsonic didn't deteriorate, it's still a keeper for me

p.s. ppl here sayang dsonic very much, if u come and talk cock bs, sure kena bomb kau2, at least give some point or fact la, dun bs ppl here say u sell 2.08

http://www.nst.com.my/node/11647

KUALA LUMPUR: The government will decide on the subsidy rationalisation programme by the fourth quarter of this year and to be implemented in 2015, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.

By that quarter, the government will also decide on whether RON 95 petrol and diesel should be exempted from the Goods and Services Tax (GST), which is effective April 1.

He said the government is also looking at roughly about RM2.5 billion in additional revenue from the GST in the first year of its implementation, and RM8 billion in the next.

Speaking at a press conference after officiating the National Goods and Services Tax (GST) Conference 2014 here today, Ahmad Husni said the government is looking at a certain salary level to be eligible for the subsidy.

He cited as an example, those earning RM4,000 and below alongside those who may be earning higher than this sum, and up to a certain level.

"We are now studying the subsidy rationalisation. Upon implementation, the subsidy rationalisation should benefit the people," he said.

In another development, Ahmad Husni said the ministry had started focus group meetings pertaining to the Budget 2015 such as accelerating export growth, strengthening quality private investments, leveraging entrepreneurship for growth and up-scaling human capital.

The focus is also on managing the rising cost of living, enhancing the quality of life and happiness index, youth and women in development as well as strengthening regional development, he added.

The National GST Conference 2014 is jointly organised by Malaysian National News Agency (Bernama) and Tax Advisory and Management Services Sdn Bhd (TAMS).-- Bernama

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looks like the fuel subsidy need to wait a few more months for the announcement

we're at crossroads again, random ppl will come and like previously, saying mykad contract lost and bonus issue rejected

stay strong and determined, together we shall weather the storm!

no wonder pos malaysia was not mentioned in that share sale agreement of fuelsub

"Pos Malaysia, however, does not have any interest in any of the companies mentioned in the media that were reported as prospective bidders to the said programme," it said.

It said the company continuously evaluates business opportunities and considering its extensive network and distribution capacity throughout the country.

It added that the company has the potential to be one of the service providers for the said programme"

they didn't have any interest in fuelsub and most importantly they didn't rule out the possibility of participating in it

“We are still studying and finalising the subsidy mechanism with relevant ministries, agencies and stakeholders.

"I cannot tell you the exact details of the study now and the exact effective date, but the target implementation date would be this year”

above is what the MOF Sec-gen says, since he said it will be implemented this year and there's only 6 months left til the end of the year, makes sense the edge conclude it that way

http://www.theedgemalaysia.com/business-news/297380-highlight-govt-to-unveil-new-fuel-subsidy-scheme-in-next-six-months-says-mof.html

Yup crawler, iris will get back mykad as well haha

let's not feed that troll

highest post bonus issue is 2.06 which is last week, currently at 1.98, 1.95 seems to be very strong support since announcement bout fuelsub come out

need to have patience with this counter

p.s. 'Never argue with stupid people, they will drag you down to their level and then beat you with experience.'

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1670541

SHARE SALE AGREEMENT AND SHAREHOLDERS AGREEMENT BETWEEN DATASONIC TECHNOLOGIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF DATASONIC, HKS PRIMATRIX SDN BHD, HABIBUL RAHMAN BIN KADIR SHAH, DATO’ RAZALI MERICAN BIN NAINA MERICAN AND ZAID BIN KADERSHAH

winterwolf, since the project is not yet awarded, IMHO not wise to jump the gun and count eggs that is not in basket yet

but... maybe rhb already know something? haha...

“The national postal company (Pos Malaysia) plans to utilise their logistic strength of more than 700 post offices nationwide to manage subsidised fuel applications from Malaysians.

“Datasonic, meanwhile, will utilise their expertise in smart card (such as secure ID or chip-based credit, debit and bank cards).”

compare the competitive advantage of the 2 firms above as with the other bidders (MyEG Services Berhad, IRIS Corporation Berhad, ICASH Global Rewards Sdn Bhd and MOL AccessPortal Sdn Bhd)

In 2008, the 1 off RM 625 (car) and RM 150 (motor) fuel subsidy disbursement was done by pos malaysia nationwide, this shows that pos malaysia have the capability to carry out such a huge program that affects every vehicle owners. Target audience would be roughly be the same in this coming Fuel Subsidy Rationalisation Programme.

Dsonic manufactures mykad, infrastructure is already in place, and everyone owns a mykad, need i say more?

as a guideline, price as of now is 2.01, 3 cents below 2.04 tp set by rhb, without taking into consideration of the potential earnings if they get the fuel subsidy project

few months back some ppl are saying iris will get back the mykad project and bonus issue is rejected, yet where we are today

filter out the rumours and noises, look at the facts and figures, use common sense and understanding of how things work in the world and malaysia, use all of that to do an educated guess instead of following blindly

The way news is reported, especially bout the companies submitting proposals for the subsidy rationalization plan seems to give hint that it's just around the corner

Only question is who will get it

Last tuesday open 1.89 and closed 1.94, and it's trading 1.91-1.96 today

Drop a bit wanna run d, better sell now and don't look back, later u sakit hati only

Interesting to know that cash up front requirement for dsonic has been removed by tiger investment

Logical thinking:

1) oil price has been rising a lot recently since the crisis in iraq and gov need to reduce the subsidy

2) mass media has been reporting much about subsidy misuse and hinting something may be coming to overcome it

3)
a. having another card like the fleet card for the the purpose of targeted subsidy will be much hassle of getting a new card, system, registration and etc (more cost for gov!!!)

b. mykad is already owned by everyone, citizenship info and the infrastructure is already there, IMHO the simple idea is create a database that tracks how much quota of subsidized petrol/diesel each mykad holder is allocated

c. swipe mykad at the pump or cashier like how we would swipe credit card to pay for petrol, now how hard is this? haha

d. if such a feature on the mykad did materialized, would be weird if another company was given the contract to handle it other than the mykad manufacturer, why bring in someone else? takkan the current manufacturer don't have the expertise to do it

all the points above are not insider info, just some common sense and reading news

The dpm wanna quit, najib where got mood to announce petrol card haha

Will be there announcement later ? This is more exciting than WC2014 haha

the "Concept-turn-reality" article above bout dsonic, anyone can confirm it's by which research house?

seems like show is starting

http://www.kinitv.com/video/7813O8

looks like someone is collecting slowly, while someone is trying to push down the price by selling 1 lot since morning

BUMI ARMADA BERHAD (“BUMI ARMADA” OR “COMPANY”)

I. PROPOSED BONUS ISSUE OF UP TO 1,479,238,150 NEW ORDINARY SHARES OF RM0.20 EACH IN BUMI ARMADA (“SHARES”) (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF BUMI ARMADA, ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER (“ENTITLEMENT DATE”);

II. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,479,238,150 NEW SHARES (“RIGHTS SHARES”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF BUMI ARMADA, ON THE ENTITLEMENT DATE;

III. PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF BUMI ARMADA FROM RM800,000,000 COMPRISING 4,000,000,000 SHARES TO RM2,000,000,000 COMPRISING 10,000,000,000 SHARES; AND

IV. PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF BUMI ARMADA

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

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wahhhh diam diam ahhhhh

need sumthing solid to justify then only price can maintain higher

hopefully price stabilize at this level, rest first before the bull next month, hopefully

in the morning out of a sudden someone q to buy few cents higher (3.65), as if purposely wanting to push up the price

as u all can see the selling pressure to much and it came down, no one willing to pay such a high price yet

let's see how well it could withstand the contra trading routine in the next few days

don't be too greedy, when in money d exit

as always, trade cautiously =)

Sorry, not soon, that someone say confirm will announce this evening after market close

Such speculation is just bad for dsonic, it already took a deep dive twice, I'm afraid another one could be the last nail to the coffin

Ppl will be afraid to buy this counter anymore

Where's the guy who say it's confirmed the petrol card will be announed soon ?

nothing positive to spruce up the price for the moment, apparently news on rapid will only come around june/july

IMHO the price movement now follows technical analysis

It's showing lower lows and lower highs, if it can't break 35/36 cents this week, i think it will go below 30 cents if no positive news anytime soon

What I heard is announcement on the rapid project will only be done in june/july, till then will KIV first

Apparently something happening across the straits...

bonus issue is actually like a "dividend" to the shareholders, instead of distributing the retained earnings as dividend, it's is converted to share capital, so need longer time frame to unlock the value

those that keep on holding the stock will reap the benefit in future

come june/july we'll know who win the big/small bet haha

On 29/11/2013 maybank ceased coverage on KNM

http://klse.i3investor.com/servlets/staticfile/230978.jsp

According to maybank, knm is "Process equipment manufacturer for the oil & gas, minerals and petrochemical industries"

Since the report is regarding construction sector, make sense it's not there

15/2/2014
"UOB KayHian Malaysia Research analyst Danny Chan tells StarBizWeek that KNM has an addressable market of RM10bil to RM13.3bil in Petronas’ Rapid project"

http://www.thestar.com.my/Business/Business-News/2014/02/15/Renewed-interest-in-KNM-Investors-see-fresh-catalysts-from-interest-savings-and-Rapid-project/

17/3/2014
RHB "Stocks that will benefit from RAPID are Dialog, KNM Group and Muhibbah Engineering."

http://www.nst.com.my/business/latest/overweight-on-oil-gas-sector-says-rhb-1.517511#ixzz30LVatSoL

7/4/2014
"MIDF said although the construction of the PIC will not directly benefit most of the Bursa-listed O&G players as most are upstream services providers, it would benefit O&G civil contractor and manufacturer such as Dialog Group Bhd, KNM Group Bhd, Muhibah Engineering (M) Bhd and Eversendai Corp Bhd, amongst others."

"HLIB said oil and gas companies that can potentially leverage on Refinery and Petrochemicals Integrated Development (Rapid) project are some onshore fabricators and process equipment providers like KNM, Muhibbah Engineering, Eversendai, MMHE and Pantech and downstream players like Dialog, Petronas Chemical and Petronas Gas."

http://www.thesundaily.my/news/1008940

Few research houses mentioned KNM will benefit from rapid, so... buy on rumour, sell on news! =D

may is coming, hope to hear some good announcements soon!

just realized the bonus issue is done by rhb and only rhb research on dsonic, conflict of interest?

ca issuer would hedge their risk, ie by holding the mother share

structured warrants are like gambling, we're basically betting that the mother share would bull for ca

if u go genting the odds are surely against u, but we can make an educated guess on the mother share price if we do our research on the company

the further we are from the maturity date, more uncertainty towards the the price that will be on maturity, and the possibility to make profit amidst the price fluctuations

there's a time value element in the pricing of structured warrants, therefore it is not to be hold until maturity

the best time to profit from call warrants is when there's will be a big upside in the price movement and everyone is so optimistic, the dsonic forum for the past 1 month is a very good example of this

above is my from own understanding and experience, as always, trade cautiously

"Kalau takut dilambung ombak, jangan berumah di tepi pantai"

currently the conversion ratio of ca is 6:1, 1/6 = 0.16667

after bonus issue done, conversion ratio will changed to 3:1, therefore 1/3 = 0.33333

the bonus issue is 1-for-1

example:
today closing price of mother is 3.34 while ca is 0.275,

ppl who pay 0.275 for ca expect the mother share to be 0.275x6 + 3.72 = 5.37 on maturity
*5.37 is the expected price on maturity pre bonus issue

let's say we apply the changes after bonus issue is done, 0.275x3 + 1.86 = 2.685 on maturity
*2.685 is the expected price on maturity post bonus issue

2.685x2 = 5.37 <- convert back the share price to pre bonus issue

so theoretically the bonus issue have no effect on the price of ca

but in real life, pre the bonus issue, dsonic would need to gain 0.275x6 = 1.65, on top of the exercise price of 3.72 to become 5.37

post bonus issue, the ex price 1.86 need to gain 0.275x3 = 0.825 to become 2.685

comparing a gain of 1.65 vs 0.825, even though the % of gain is the same to reach the expected price on maturity when compared with the respective ex price, but if we compare absolute figures, an up of 0.825 seems to be more likely than 1.65 right. Therfore i expect ca to move higher after bonus issue

p.s. 1.65/3.72 = 44.35%, 0.825/1.86 = 44.35%

p.p.s the above example is just my own interpretation, therefore take it with a pinch of salt =D

exercise price and conversion would be adjusted accordingly

http://www.bursamalaysia.com/market/listed-companies/structured-warrants/1581065