The diff between THheavy, Mas & Sumatec:
Thheavy is backed by TH while Mas is backed by Khazanah....whenever they screwed up, they can always use people's money to rescue....no sweat and so they can screw up again and again.... while for Sumatec, it really takes a strong heart to believe in HS and the whole GREAT Kazakhstan story....and if they screw up then you can kiss goodbye to yr money....

In view of the substantial numbers of rights issues, I think Sumatec will probably end up like Mas instead of Thheavy....Would they be doing the same trick like Mas? Pushing up Sumatec's price after Ex Date so as to show GREAT discount on ORs to lure people to buy ORs and subscribe the Rights Issues????Anyway,once the Rights issues is listed on Bursa, I think Ex Renong Boy must really have a deep pocket to pust it to RM0.25-Rm0.30 level...dont forget that Sumatec's paid up capital will be 410% bigger than now...Anyway, this is Bolehland and anything can happen...maybe they are able to push to RM0.90-RM1.00 level as some claimed here....Still, my advice to the Crabs here is Good Luck

U must know to deal with the Sharks....dun believe in those long term bullshit stuffs....merely for goreng only...

The fun part shall be how they want to play with the ORs???Hopefully dont become a new Shanghai Crab catching machine....

The coming risk will be ORs at high price level...

Looks like they want to push the Ex Price and the ORs to a higher level thus making ORs more risky to trade then....dont forget that the numbers of OR will be 4.1 times over mother shares...how deep is the pocket of the Ex Renong Boy???

Like it or not, Sumatec-Wa is the biggest victim of the whole corporate exercise....Adj Exercise Price of Rm0.32 will make it (Wa) out of the money for a long long time...

U bougth some goreng stock for speculation...when it didn't turn out then it become your Long Term Investment (and also nightmare).Long term investment is meant for some company with good fundalmental....however, Sumatec is clearly not in that category...anyway u can keep on believing in Ex Renong Boy and his Gangs...good luck

U can believe whatever you want to believe, you are the one stuck in this shit and not me

If's that is the case, the current Wa holders will be the biggest loser in this corporate exercise...a potential of another significant drop....

Sori Chinhoe, I made a mistake in the current exercise price of Wa (it should be RM0.35 i/o RM0.25)

Personally, I think chances of Sumatec mother to hit RM0.09 is much higher than hitting RM0.90 in 3-5 years time....the whole Kazakhstan story seems to be too good to be real...unless u really trust yr Ex Renong Boy..this counter is merely for speculaton, not for long term investment...just like other SPAC counters...

Anyway, holding Wa at this moment seems to be very risky

Chinhoe, I dont think the revised exercise price of Wa would be RM0.32 (adjusted upward from the existing RM0.25). In view of the massive rights issues amt, i think most likely the adjusted exercise price of Wa shall be RM0.14 (not less than the par value).

For illustration,if you are buying 10,000 units Wa now at RM0.30 (cost RM3,000), you will be getting some free wa (maybe around 10%) and ex price will be adjusted to RM0.14. In order for you to breakeven after the rights issues, your 11,000 Wa (10,000+10%) must be trading around RM0.27.As mother share shall trade most likely below RM0.30 (or lower), I doubt if Wa can trade at this level then...good luck

I think the directors themselves dont want to fork out money to subsbribe for the Rights Issues, knowing how GREAT the whole plan is....

Prc4wifefe, dun make yrself a laughing stock lah...TP 0.90 after regularisation plan...

willb ex for 1:4.1R@RM0.175+1Wa on 17 Oct

There will be lots of selling pressure in view of the significant numbers of new shares (OR) later on...

For Wa holders, just be extra caferul...you could be losing a lot in this corporate exercise....hv to make clear on the quantum of replacement warrants to be received and the adjusted ex price...good luck

Title / Description RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,722,220,957 NEW ORDINARY SHARES OF RM0.14 EACH IN SUMATEC RESOURCES BERHAD ("SUMATEC") (“RIGHTS SHARES”) TOGETHER WITH 680,555,239 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF FORTY-ONE (41) RIGHTS SHARES FOR EVERY TEN (10) EXISTING ORDINARY SHARES OF RM0.14 EACH IN SUMATEC TOGETHER WITH ONE (1) WARRANT FOR EVERY FOUR (4) RIGHTS SHARES SUBSCRIBED AT AN ISSUE PRICE OF RM0.175 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE ("RIGHTS ISSUE WITH WARRANTS")
Despatch Date 23/10/2013
Date for commencement of trading of the rights 22/10/2013
Date for despatch of abridged prospectus and subscription forms 23/10/2013
Date for cessation of trading of the rights 29/10/2013
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 11/11/2013
Listing date of the Rights Securities 21/11/2013

The key concern is whether they.can survive.thru,without backing fm tabung.haji

Out of pn17 in oct?in yr dreams.....not even annouce.their.revised restructuring plan...

When are they going to annouce the Ex Date? Not catching enough Shanghai Crabs?

As a summary, if you buy Wa now at RM0.36, you will be getting
a) some additional free Wa
2) Exercise price will be adjusted lower.
If you could make clear on the quantum of the new additional free wa and the adjusted Exercise price, then you will be in a better position to evaluate your risk and return.
Anyway, I think the key concern will be the Ex Price of the mother share and how will it will trade upon listing of OR then....Good luck.

Personally, I think holding Wa at this moment will be riskier in view of it's high premium (43%) and the impending rigths issues....Said if you buy Wa at the last traded price of RM0.36, after Ex Date, you will be getting some additional free warrants (quantum yet to make known) at the adjusted exercise price.Assuming the theoreticcal Ex Price of Mother share is around RM0.23, how much do you think the Wa will be trading around? Besides, dont forget the selling pressure on the mother share in view of the OR which is going to flood the market.....

Chinhoe, to know the exact adjusted conversion price for Wa, you need to go thru the Trust Deed.Alternately you could check with the Share Registrar.Anyway, in view of the hugh number of the rights issues, my guess is that the adjusted exercise price will be RM0.14 (not less than the mother share's par value)

Stop bringing yourself and others to Holland if you cant even get this thing right

Rasputin, your calculation is all wrong as you messed up on the ratio of the rights issue.Basing on last traded price of RM0.495, the theoritical ex price should be RM0.495+(4.1X0.175)/5.1=RM0.237.This has yet to take into the consideration of the free warrant...so in actual fact it could be lower. I think when they annouce the Ex date, the price of Sumatec could drop further in view of such a substantial number of rights issues...can take a look into the recent MAS rights issues for case study....good luck

PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,722,220,957 NEW ORDINARY SHARES OF RM0.14 EACH IN SUMATEC (“RIGHTS SHARES”) TOGETHER WITH UP TO 680,555,239 DETACHABLE WARRANTS (“WARRANTS”) AT AN ISSUE PRICE OF RM0.175 PER RIGHTS SHARE ON THE BASIS OF FORTY-ONE (41) RIGHTS SHARES FOR EVERY TEN (10) EXISTING ORDINARY SHARES OF RM0.14 EACH IN SUMATEC HELD TOGETHER WITH ONE (1) WARRANT FOR EVERY FOUR (4) RIGHTS SHARES SUBSCRIBED (“PROPOSED RIGHTS ISSUE WITH WARRANTS”)

If you hold mother till Ex Date at least you still have 4.1 OR to play around (which I think is also very risky, take a look on MAS's recent case).If you hold Wa, I think the only impact is the adjustment of the exercise price (from the current Rm0.35 to RM0.14)....

anyway, my advice is stay away from it until the Ex Date.....good luck

Basing on simple calculation (RM0.495+4.1xRM0.175)/ 5.1...without taking into the consideration of the free warrant...so in actual fact it could be slight lower than that...

After the Ex Date, Sumatec's price will be adjusted significantly due to the substantial rights issues (1:4.1 Rights @ RM0.175+1 free warrant)...basing on the current price of RM0.495, the price after Ex may be around RM0.23.

As for Sumatec-Wa, I think the only impact from the Ex Date will be it's exercise price to be adjusted to Rm0.14 (not less than the mother's par value).In any regards, Sumatec-Wa's price shall not be higher than the mother share (RM0.23) by then....

Especially on the warrants....

Anytime now....when they annouce the Ex Date for the Rights Issue,m it will be the doom day of Sumatec....be careful...

Buy LR (0.66) and exercise so (RM1.00)....yr cost of one ICULS + 2 Free Warrant is only RM1.66. ICULS can be converted into mother share on 1 to 1 basis...

Nobody knows whether the new team could turn around the company or not...anyway, Silver will certainly be around as long as TH, Vincent & Felda are behind it....

Firstly, Silver is facing stiff competition from Gardenia & Massimo, secondly, the emerging of new shareholder (a rather unknown party) may see dilution in TH, Vincent & Felda's shareholdings...which may not be a good.....

Looks like u guys didnt read thru the edge...

Read the latest issue of The Edge on Silver Bird...there is some changes in the restructuring plan...there will be a new major shareholder...meanwhile TH, Vincent Tan & Felda's shareholdings could be fading off...

Reachabbler,apparently u dont do homework abt this counter

cannot be more than RM0.50 lah...too high yr price target...

If plan approves shall go higher then..

Finally...

They have submitted their proposal on 28 Feb, should be anytime now to get the approval..

Awaiting SC's green light on their proposal on the restructing plan...

http://www.tradesignum.com/chart/sanichi

Care to share your chart?I coudn't see the so called critical support point of 0.045 or 0.06 etc... Techically Sanichi is now at it's all time low and entering into an uncharted territory....

Addition :tne best best price level is at 0.5-1 cent (extremely damn low risk....

Where got hot?not even warm up leh..