Not sure how CSCSteel affecting other steel players, but see if can collect cheap or not tomorrow

Big like, I like to read articles written by Jefftan, meaningful

Thanks for sharing, Up_down.
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Up_down Luckily, SSteel purchase raw material in EURO currency and EURO strengthen against RM by 1.8% whereas RM weaken against USD 8.5% in last quarter.
13/02/2017 19:14

Based on today's prices:

Mother = 2.85-0.25=2.60 x2 /5 = 1.04

Warrant = 1.54 x2 /5 = 0.62
Warrant exercise price = 1.35-0.15 = 1.20 x2 /5 = 0.48
Warrant conversion cost = 0.62+0.48 = 1.10

Premium = 1.10/1.04 = 5.8%

Pursuant to the Share Split, up to 183,310,470 additional Warrants 2014/2019 will be issued and allotted to the holders of Warrants 2014/2019. The exact number of Additional Warrants to be issued and allotted will depend on the number of outstanding Warrants 2014/2019 as at the entitlement date of the Share Split. Any fractional number of additional Warrant 2014/2019 arising from the Share Split will be disregarded and will be dealt with in such manner as the Board of Directors of Ekovest in its absolute discretion deems fit or expedient and in the best interest of Ekovest. The existing exercise price of the Warrants 2014/2019 of RM1.35 each will be revised to RM1.20 each after the Special Dividend and then subsequently to RM0.48 each after the Share Split.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5335901

greatful, I saw your calculation just now but not convenient to reply, I think it is correct.

I didn't see it now but I think the warrant premium after share split should be about 6%, it is considered very good for a growth company.

Mother = 2.85-0.25=2.60 x2 /5 = 1.04
Warrant = 1.54 x2 /5 = 0.62
Warrant exercise price = 1.35-0.15 = 1.20 x2 /5 = 0.48
Warrant conversion cost = 0.62+0.48 = 1.10

Premium = 1.10/1.04 = 5.8%

wangge, 谢谢你的赞誉，感恩，希望大家都能一起稳稳当当的赚钱和累积财富。

For those who want to exercise warrant will see themselves paying lesser in converting to mother share later. Since I hold more warrant than mother share, so I am happy.

Very sorry for confusing, apology. Only mother share entitled for special dividend payout of RM0.25 per share.

Meanwhile, warrant holders will entitle for reduction of exercise price from RM1.35 to RM1.20. A saving of RM0.15.

Ex-date for Special dividend = 23/2/2017
Payment date = 8/3/2017

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5335857

Thanks, wangge, congrats to you too, think you have been holding for quite sometimes :)

That's mean mother get 25 cents & warrant gets 15 cents, very good! :)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5335901

Wow, the adjustment was 15 cents for warrant, exercise price is adjusted from RM1.35 to RM1.20. More than I participated. Very happy!


Pursuant to the Share Split, up to 183,310,470 additional Warrants 2014/2019 will be issued and allotted to the holders of Warrants 2014/2019. The exact number of Additional Warrants to be issued and allotted will depend on the number of outstanding Warrants 2014/2019 as at the entitlement date of the Share Split. Any fractional number of additional Warrant 2014/2019 arising from the Share Split will be disregarded and will be dealt with in such manner as the Board of Directors of Ekovest in its absolute discretion deems fit or expedient and in the best interest of Ekovest. The existing exercise price of the Warrants 2014/2019 of RM1.35 each will be revised to RM1.20 each after the Special Dividend and then subsequently to RM0.48 each after the Share Split.

So quiet here today....

Thanks for sharing, a big like!

Yesterday Spoken to a director of a public listed developer cum construction company who is based KL & asked which steel company they normally bought the steel bars from, he said they will source directly from the major steel producers because of sirim certification requirement.

According to him, SSteel is focusing on rebar & selling at cheaper price while ann joo is more focusing niche segments such as I-beam though ann joo also sells rebar.

That explains part of the reasons why ssteel has higher revenue but thinner margin while ann joo has lower revenue but higher margin.

market is warming back, good time is ahead?

出口有回春迹象？/白文春
http://klse.i3investor.com/blogs/talk_by_saying/115413.jsp

So market is warming back, good time is ahead?

I think it is good to share with all about the coming year's construction jobs in China, most projects carried with construction budgeted costs of more than 1b, many are even more than 10b.

中国2017年工程项目大汇总
http://www.100ppi.com/news/detail-20170208-1000824.html

Haha, I just want to be bit conservative, it will be there eventually, I personally believe that too. But it just need to be supported by the results and management need to deliver that also.

Ya, got some 1.33 & 1.35, more on 1.34 today

Back in September 2016 when Ekovest was RM1.80+, there were people said Ekovest was overpriced but I believed Ekovest worth more than RM3 then.

After all news & events gone through these few months & Ekovest is priced at RM2.85 now, I believe Ekovest is now worth more than RM4.

Time will tell & let's see.

True, all hot stocks were transacted little before they were hot. See it will become hot or not in very near future. All depend on results.

Bone effect? @@

Old news, it was published in last 2 week the edge weekly. Market has dealt with it since 1 year ago. Winners remained winners, others followed.

There was one day I didn't realise that someone sold me 1,100 shares only, making my cost per share I purchased ridiculously high, nearly pengsan that day :(

Because I have to pay min brokerage commission of RM28 for every transactions, I have to buy at least 5,000 shares or at least share value of RM6,666, in order to make the commission lowest for every share purchase.

Wow, never thought that so fast to approach RM3, thought only by mid or end of year.

Didn't know much about Sime's management, but have reservation on management of GLC...

But to be fair, Sime businesses are doing not bad if compared to those like FGV, Proton, Mas...

may be paperplane has seen something that I never aware, hehe, thanks for sharing, paperplane

never doubt on VT's ability in business, in fact, I quite admire him for his ability to do big things & make good money from retailing. To me, he is retail king in Malaysia.

But the issue is his business ventures, which seem so successful in many aspects, just can't turn into price performance for BJcorp.

Understood on first 3, but Sime & Bjcorp.... hmmm...

I will be more worried on the last 2 companies' management, not on their businesses.

Thanks & welcome all

Warrant is higher risk higher reward investment, just be more cautious & fully understand the rules & regulations of investing in warrant.
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moneySIFU 77huat77, it depends on your risk appetite. Warrant will bring double reward if you believe Ekovest will do lot more better in future.

However, it is also double edged sword where a drop in mother shares price may have double effect over warrant too.
06/02/2017 10:48

Premium will be RM2.72 / RM2.57 = 5.8%

It's still have slight premium AND not discount. Apologies for my mistake

You are right, the mother share should be RM2.57 after special dividend

Very sorry, greatful

Exercise price will be adjusted to RM1.23 based on mother share RM2.82.

Warrant price RM1.49 + Exercise price RM1.23 = RM2.72

Warrant is now cheaper & undervalued.

Hehe, really Ang Pow from Ekovest, non stop up since CNY

@@ didn't know it is RM2.81 now, wow!

Sorry, should be RM1.33

Gap between mother & warrant widened up to RM0.33, it will be very interesting to see how warrant can perform once all are settled down. Yummy!

Results may be better than expectation? Who knows? :)

Very strong buying momentum:)

Wow

never bought this Pesona but has been monitoring, congrats to all that own.

Agreed, currently I hold 3 companies' shares only. For the past 2 years, my max stocks in hand was not more than 5 at anytime. Too many to take care make focus lost for me.
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greatful too many stocks to be focused will lose the focus.
aim 2-3 counters and focus on bullets will do.
06/02/2017 10:54

happy

hahaha