but all these will change after conversion of ICUL and warrants which are to be issued, which will increase the share base by 75%. Unless if bottom line is also increased substantially. going by past performance, it is unlikely.

KS has good assets but poor management. The controlling shareholders can do the minority shareholders a great favour by privatising the co.

Must well buy posh upon ipo.

Everyone has high expectation and confidence except md. something fishy.

At RM3 means that after conversion of all ICULs and warrants, TG will have to trade at Rm2.2 to breakeven. TG's net profit growth has not been spectacular so far. Bearing in mind that EPS will be diluted by a share base that will be 75% larger, the current cum all price of RM2.10 is abut right.

Md just disposed of more than 1 mil shares at below rm2. See sc website.

I think the new units will be issued at Rm1.00. There are investors prepared to pay a premium over market for a large block, after all the nav is RM1.04. If someone tries to buy 20% of a counter in the open market, he may have to pay even higher price.

If new units issued at 1.04 or very close to this, then NAV will not be diluted. In any event, it is not likely nor possible for new units to be issued at less than RM1.00 (par value)to non existing unit holders.