Narra share confirmed available tomorrow: attached the bursa announcement:


NARRA INDUSTRIES BHD
Additional Listing Announcement

1. Details of Corporate Proposal

Types of corporate proposal : Acquisitions
Details of Corporate Proposal : Acquisitions by Narra Industries Berhad
("Narra") of the entire equity interest in Hume Concrete Sdn Bhd (formerly
known as Hume Industries (Malaysia) Sdn Bhd) and the entire 6-year 2%
non-cumulative irredeemable convertible preference shares of RM1.00 each in
Hume Cement Sdn Bhd ("HCement") from Hong Leong Industries Berhad as well as
the entire equity interest in HCement from Hong Leong Manufacturing Group Sdn
Bhd for an aggregate purchase consideration of RM448,000,000 to be satisfied by
the issuance of 448,000,000 new ordinary shares of RM1.00 each in Narra at an
issue price of RM1.00 each
No. of shares issued under this corporate proposal: 448,000,000
Issue price per share ($$) : MYR 1.000
Par Value ($$) : MYR 1.000
Latest issued and paid up share capital after the above corporate proposal
in the following
Units : 479,093,800
Currency : MYR 479,093,800.000
Listing Date : 24/10/2014

hello, anybody here?

You are right. Happyman. US market is doing well now, and money is flowing back. However, the correlation of the ups and downs of stock market vs bursa is quite evident. As you can see in the recent weeks' pattern.

There is a famous quote " when america sneezes the world catches a cold" ; US market influences the world market. You can correlate the ups and downs of the US markets ie; Dow Jones, S&P and Nasdaq indexes with that of Malaysia's bursa. US market had a sharp fall in October; they call it the "Red October"; and Malaysia market followed with a sharp fall. But now the US market had a sharp rise yesterday, the bursa should follows; so says the theory. But historically the trend is there. Hope this answer your question ko2004bb.

S&P 500 is recovering tonight, slowly but recovering. HLI may rise a little more tomorrow.

Hi, I read report that Narra will double their capacity soon. Does anyone know when or has a link to that report? I read a report that the 0.23 EPS is based on 75% of the current capacity, so the EPS for full capacity should be much higher. I did have the report, but mis-placed it. Appreciate if someone has the link to post it here for everyone's benefit.

Dow Jones had more than 1% rise on Friday. HLI and other stocks should rise on Monday too.

Hi Datuk, I enjoy reading your comments. you have good and sensible knowledge. Have a good trip to China.

NKBlog, I was told Narra shares is good to hold, EPS is very good, plus massive expansion project to be completed soon. Similar concrete companies PE ratio is 20x. Sure there may be big sell off by the short time traders, but solid fundamentals means if you can hold, you can profit.

Hi Thanks ericoconut ! I'm more happy now! Steven, special dividend in money or shares?

You are right Daniel. I respect people who talk facts with fundamental understanding. HLI = 4.00 + 1.08 x Narra 3.98 = 8.30. Many people made money if they bought below 8.30. I am happy already. I sold much of my other shares and bought HL-ind when it dropped to 7.30. Will be happier when the price goes up.

I think Steven is indicating or hoping they will give another special dividend to boost the share price.

Hold until then. For the brave ones, sell and buy back at lower price?

Welcome xenolover. I am novice and ask many questions, and one day, I can be expert. ha ha. But I shall always help people even if they ask simple questions.

I think someone said HLI AGM tomorrow? Hope they declare good dividend, and can help lift the share price ? Global market down, but will rise again as it has always done. Just a matter of time. Need holding power.

Hi xenolover, Please ignore rude people's reply. Some of us are novice and don't know the rules and ask questions. This is what blog is all about; share knowledge. Hlind ex date is 14th October, and therefore buying on that date does NOT entitle to you to Narra shares. At the same time, if you own HLIND and sold it on that day, you are still entitle to Narra shares. Hope this answer your question. The same applies to dividend entitlement as well. God bless all with wealth and knowledge.

Correction: When using full capacity, and with expansion Narra EPS is expected to rise.

Thanks Daniel, I have read reports that the current Narra 23sens EPS is based on less than 80% utilisation of their capacity. When suing full capacity, and with expansion Narra EPS is expected to rise.

HLI PE = 4.51/0.54 = 8.35. Very good for HL group company. Div of 0.25/ 4.51 = 5.54% . Also very good.

my remisier told me a senior Hong Leong group (not HLI) finance person is buying Narra in the open market. Take it for what it is worth. I was initially afraid the Narra share price will slide from Friday, but now feeling a bit more comfortable that some insider is buying. Will see what will happen this Friday.

Thank you Daniel, you are the best. I respect your comment.

EPS for HLI was 54 sens. Has anyone seen report on the projected EPS for the leaner HLI ?

There will be additional 350 millions Narra shares in the market by this Friday, difficult to guess its market price then. May be Narra shares was push high high to temp ignorant novice to buy HLI? A lot to learn how to stay away from big sharks, and focus only on solid fundamentals.

closing price last night = 7.51. So Ex price should be = 7.51 - 1.08 = 6.43, right?. Normally the counter should start trading at 6.43, and may be gradually sell down if investors has no confidence, yes? But the counter started trading at 6.43 - 30% = 4.51 !! at 9am. May be Big syndicate already planned to shock the market from the very start. Does not seem logical that the whole market think to limit down from the start. Do you think big syndicate is playing? I am a novice losing money in this , sad. But this is life. I shall learn from this, make friends with syndicate, ha ha.

The syndicate that talk this stock up, so that so many ignorant people lose so much money and the syndicate make so much money. Bless them so they don't suffer bad karma.

buy tomorrow still entitle ?

Daniel, 31 millions + 348 Millions = 379 millions?

I think many people will sell Narra after ex if Narra remain above RM 4. Because its fundamental not as good as HLI. I shall keep HLI even after ex, because I believe in its fundamental. I'm an investor, not trader. Hope we exchange ideas here, not here to encourage people to buy or sell. Hope we can help each other to get more updated and relevant information. Good luck and God bless everyone.

I put most of my money on this counter. Will see if the gamble is profitable soon; after ex-date. I know a senior person from HLind group is buying big also though my remisier.

Really strange that HLind share prices still so low; 1.08 Narra = 1.08 X 4.25 = RM 4.59; which means HLind is worth only 7.30-5.59 = RM 2.71????

Narra is 4.30 now; but HLind is still 7.70? WHY ? If I have spare cash will buy some more.

Hi Steven,what happened in HLcap case?

If Narra is earning 0.23 EPS; then at modest 10xPE will be RM 2.30. Other cement company has higher PE like around 20; so take 15xPE for Narra, it should be 3.45. ....yes?

Thank you Danielsks, Now I don't have to worry about this crazy sell down. The fundamental of HLIND and Narra is good.

DANIELSKS , so what will be the projected EPS if include the new Narra shares issue?

Estimate of post distribution: HLind EPS 0.54 + Narra est EPS 0.23= 0.77. Say market rate PE @ 12; then combine value = RM 9.24. ? Question is : the estimate EPS of 0.23 is based on what issued share quantity? Anyone know?

Have a good long weekend everyone. Drive safe, and see you again next Tuesday. Happy Hari Raya Haji; This is a festival to celebrate prophet Ibrahim's obedience to Allah. Same story in the Christian faith.

Thank you Danielsks, it is comforting to know the fundamental behind these 2 counters. Happy long weekend to you all. Enjoy your hari Raya Haji on Monday. Be happy, be rich, and be safe; driving.

My remisier told me it may be contra kaki selling. Today is T4 from the peak , when contra kaki play hoping to make money on the rise. Let see tomorrow; hope all contra kaki gone. Hope the drop will not trigger profit taking sell by others.

8wpwtmt8 ,thank you for the detail information . How does the reduction of the share premium reserve of HLI by approximately RM234.1 million going to affect the ex HL ind share price? what does "reduction of the share premium reserve" means?

KClow, we are here to share information. We can be right or wrong, but speak honestly and truthfully. One will gain respect not only when we are right but when we truly believe what we write and act according to what we said we would do. When we bless others, we will be blessed too.

most people knows BJcorp has many undervalued assets, and many high value subsidiaries. Selling just selected few will increase profit and shoot the price up. But by keeping the value of BJ corp down, senior management or major shareholders can buy more to "privatise" themselves.

HLind EPS is 0.54;so at 15 PE; the price adjustment should be RM 8.1 after distribution. or at 12 PE; the HL-Ind should be priced at 6.48.This plus the bonus of Narra, now priced at 4.50; HLind value is much higher than the current selling price of 8.25. Very strange.

BJcorp can increase their share price easily if senior management want it to. Simple to cash in few high value subsidiary shares in the market over a few quarters, hand out good dividends, etc. But they don't want to? Keep the value low, major shareholders can buy in and privatise more shares? Nobody knows. it is a very rich company for sure.

I think 8wpwt...calculation looks logical = RM12.01; even at today's low closing price. So why are people selling to get out so close to bonus issue date? By the way why is your name so difficult ? "8wpwtmt8"; and what does this mean, how do your pronounce it? It must be something good .

Fong 7, I like your comment "avoid counters that require "hopes" to turnaround"

May be (and hopefully) they are just the contra kaki; riding on the fast climbing stock prices, now they are forced to sell; too expensive to pick up for them. Or may be they are swing traders that are not aware of the Narra share offers. Can't think of anything else.

Dow Jones and S&P are both down. This may have an effect in pulling the entire share market down too.

Thank you DANIELSKS, Narra EPS RM0.20 plus HLind EPA RM0.54 = RM 0.74 xPE15 = RM 11.1. No need to worry.

Anyone knows the forecast earnings (EPS) of Narra? EPS of HLind is 54 sens (TTM). but I don't know what is it for Narra with the cement opration.