I got a few lots but either way I am not losing any sleep.

GHL is quite a good share.

I think pavi analysed it perfectly.

bloggers more powerful than directors

maybe bear will jump if bear also lose as much.

I thought suicide is by definition self induced choice......

dogs bark

honest with feelings is good.

no worry so much.

GHL is quite a good share.

stupid as stupid does.

lets be honest with feelings.

Ma will buy football team before he buy GHL.

Apple pay, Samsung pay, all these still have to go through Visa system.

we must declare independence from Visa.

I am not IT expert....just feeling my way.

I bought a bit of GHL already.

ok leng

GHL operates in brick and mortar business, off line business.
can GHL benefit from e commerce?

Alipay started as e commerce specialist and the reason for the success of taobao..and alipay even conquering non traditional areas and become an all purpose card.......


greatest treat to Visa.

can GHL benefit from e commerce space?

as a country we need an alternative to Visa.

touch and go can fulfill the role if they are smarter.

if not, let Alipay take over from Visa for all online purchases...and even off line too.

IT is not my strength

But research houses have been promoting this stock for many years already.

not a pump and dump stock.

Alipay specialises in e commerce
GHL specialises is serving brick and mortal merchants.

How they interact, how they help hurt each other, I have no clue.

conversion has not been fixed yet....but whatever it is , there is no dilution issue as long as you take up the Iculs.

the share price and the Icul will be adjusted ex all.

for illustration

1 share $ 17
3 ICULS 3
total $ 20

you get 4.5 share after conversion. (assuming conversion ratio is 1:1)

assuming no icul discount....the theoretical ex all price is....$ 4.44.

what about eps dilution?

eps comes down, but you get more shares....no problems there.


some more, the proceeds will immediately be put to good use and the roe is better than 3% ICUL interest so....taking into account ex all price, the eps will be enhanced.

the reported earnings will in future show basic eps and also fully diluted eps assuming full conversion of iculs.


in summary, no issue at all.

conversion has not been fixed yet....but whatever it is , there is dilution issue as long as you take up the Iculs.

the share price and the Icul will be adjusted ex all.

for illustration

1 share $ 17
3 ICULS 3
total $ 20

you get 4.5 share after conversion.

assuming no icul discount....the theoretical ex all price is....$ 4.44.

what about eps dilution?

eps comes down, but you get more shares....no problems there.


some more, the proceeds will immediately be put to good use and the roe is better than 3% ICUL interest so....taking into account ex all price, the eps will be enhanced.

the reported earnings will in future show basic eps and also fully diluted eps assuming full conversion of iculs.


in summary, no issue at all.

scared of rights issue is quite understandable.

two kinds of rights issue, the bad kind and the good kind.

those selling believe it is the bad kind due to asset quality issues.

the good kind is when business so good they want more more money to do business.

place your bets.

tks to this article I bought in 56.

fly wrong direction


but for me, I get chance to buy in at $ 15.80

very efficient

as long as all our transactions are done with Visa, Malaysia remains a colony of the West...with every transaction taxed by America.

no one says trading is easy


txj89 > Mar 24, 2017 12:05 PM | Report Abuse

top gainer to top loser...hahahaha

a counter like this....any money from a private placement is good thing.

more money means can fight longer.

alipay is like our touch and go...

Malaysia could have made touch and go more generally accepted as alternative to cash.

and the winner is bones

actual wordings......

Proposed renounceable rights issue of 3-year minimum 3.5% irredeemable convertible unsecured loan stocks (“ICULS”) on the basis of 2 ICULS for every 1 existing ACSM Share held to raise RM432,000,000 in cash (“Proposed Rights Issue”).


should mean bonus shares not entitled.

Proton is a lost cause

if bonus shares also entitled, then 432 million ICULs will be issued at $1 each.

wef 1.1. 2017, Malaysian Companies Law no more par value.

I think this axelrod knows his stuffs. No play play.

also GHL is a well promoted stock. Favorite stock of many research houses for many years. No pump and dump stock.

shares outstanding 144 million.
2 ICULs for 1 means 288 million to raise $ 432 million.

that means $ 1.50 per icul.

From Lazada, I have parcels from Gdex, Pos and even small non listed players

The market has been waiting for some thing like Alipay for a long long time.



Finally, Malaysia can be independent from being colonised by Visa who takes a cut out of every transaction . I think Alipay is at a much lower commission.

even I find trading very difficult to beat holding good shares.

working through the maths, it looks like $ 1.50 per ICUL

I am not a keeper of shares but I have kept it from $ 13 (July last year).....not going to sell now that it enters a faster growth phase.

Hope to see it doubling from my cost.

I think r40 will make a lot of money from this counter.

keep faith.

pump and dump is so laymanish.....

what has happened to our regulators? Taken over by the kids?

HONG


this company is like a bank, the more money they have the better.

why Iculs? this is to prevent immediate dilution. This share will fly tomorrow.

Proton is doomed

airasia is business sense not roic

kc will have to refit his tool box

name worth a lot of money

don't even know whether Alipay will wipe them off the map or will help them......lol.

Jack Na buy the share


Nah...

think too much

drb how?

bone?

bear

I am more man than a bear