Martinng

Martinng | Joined since 2013-06-14

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Stock

2014-12-18 10:50 | Report Abuse

This counter is said to be linked to Tan Sri Desmond Lim and Tan Sri Ta Kin Yan. I am not a fan of the latter. Check his background! Google it!

News & Blogs

2014-08-29 07:09 | Report Abuse

Profit margins being squeezed. Gold price down but rental of business premises going up?!

Stock

2014-01-16 08:29 | Report Abuse

Agree with zan.

Stock

2014-01-12 14:35 | Report Abuse

From my understanding, the risky period is until the start of the conversion period (Oct 2014-Oct 2018). Thereafter, holders of the LA can convert to the mother share by giving 30 days' notice. As per HLIB analysis, the probability of the major shareholders approving a redemption of the LA is very low. But, they could be wrong. Then again, why would the major shareholders who hold more than 40% of the LAs would prefer to get back 20 sen per LA rather than converting their LAs into mother shares which are worth more?!
Why would Barakah redeem the LAs so soon after their issuance? Do they have the money to redeem? They could borrow but it defeats the purpose of issuing the LAs in the first place!
However, keep a close eye on the major shareholders! Are they selling or buying the LAs?

Stock

2014-01-12 11:07 | Report Abuse

Correct me if I am wrong. The earliest date they can redeem the LAs is 24 April and they must give notice by 24 March.