jaynetan,

Sorry, if i owned 1000 unit
Number of RCPS entitled is 2000 unit, hence 2000 x 0.28=RM560 (additonal money i need to put in for subscribe?)

RM400 + (2000x0.28) = RM960
RM960/3000 = RM0.32 cost per unit?

What will be the market price after the ex-date? thanks.

i have make some correction as below, assuming i owned 1000 unit WCEHB before 23 Oct, i will be getting 2000 RCPS which will be listed and available for trading as WCEHB-PR on date 25 Oct

Assuming the 23-Oct price for WCEHB is 0.40,
24-Oct - price for WCEHB will be adjusted to 0.29
25 Oct- additional 2000 WCEHB-PR goes into my account.

Then i can decide
Option 1 - sell the 2000 WCEHB-PR on the open market with price 0.24 or lower to get back the cash
Option 2 - 2000 x RM0.28 = to convert all 2000 units RCPS to mother share
Option 3 - Surrender 2000 units RCPS to get 1500 unit of mother share.

If i do not perform any option above before 04 Nov 2019, the RCPS will basically voided?

This is the correct understanding?

Many thanks.

hi uptrending, this is the first time i deal with right issue, that's why i am confused about the process.

any suggestion will be helpful, thanks

one must has study the past history + future prediction on the company before determine to buy in or sell off...

nothing always stay high or low forever because it always follow the company financial result.

technically if something dropped too deep, it has more "power" to rebound if the next quarter doing better. obviously if the result continue doing badly, it will continue dropped more...

superlon's product cannot be considered as commodities product, which mean it cannot drive by "market demand"....there are also few alternate products out there that can replace the NBR thermal insulation. the drive of revenue increase is mainly from the company's promotion to get more customer. and the profit is based to what been sold minus the cost.

the revenue seems stable for the past quarters, so the question now

1. would the cost of materials stay high in next few quarters?
2. if yes for question 1, what is the main factor affecting the cost of materials?
3. is the current price overpriced or undervalued?

once you got your own answer, it is easy to do the decision, unless you do not have the answer yourself...

the way i read the announcement is not too negative, suspend the trade just make it sound "negative"...

they should hired a better PR to
- release the announcement on the same day if it is nothing too major
- not to suspend the trade unless the announcement is very bad

isn't that should be the PR's job make it sound better to public rather than make it worst?

the term "project" can be anything, so used it to represent team, some used it to represent a department...it is too vague to conclude it as "testing"

the thing surprise me on the stock has been suspended due to that announcement...it is unusual...

the only thing concern me about the transparency of the management....until now there is no official announcement despite that incident happened on yesterday....

i am happy to see the CEO telling some fact which are not "known" by public. i do not understand why people take it as "some motive behind the scene". if you are the one lead the game, you know how to control the game. what i mean is you can answer it much more worst than actual, or you can sound it very positive if you want to push the price high..maybe you will disagree with me, .the sentiment i got from the interview is somewhere neutral...

we can't deny on the stronger ringgit will further drag the profit because this is by nature of export company. if you compare the efficiency of the management of control the cost vs other wooden company, you can easily identify some has reported lower profit in this quarter.

if we view it from a different perspective, although HEVEA didn't gain much advantage by rubber wood export policy and yet it still able to growth on top line and bottom line in this quarter despite the increase of 50% rubber wood cost since early of the year.

if karex able to maintain the similar quarter profit like last year, the price will not face more pressure to push down...

Karex CEO saying they will continue spend into promoting their own brand for longer period, which has more possible to push down the profit for next few quarters, when that happened the price is even hard to stand above RM1.50

we just hope the next quarter profit is stick to same as previous year...and not like drop 10% or 20%. Rome wasn't built in a day...

given the low consumer sentiment, the revenue on this quarter would be lower compare to previous year...

The current capacity is on 70% utilization, which it required longer time to increase the production utilization. Reason is very simple because the human population is not going to increase 10% every year, unless they are able to bring in more OEM project in. It won't be simple task because condom industry is a highly competitive industry and Malaysia is not the only country which has rubber tree, other country such as Thailand and China are our competitor as well.

The only way that seem to be more "reasonable" to increase the revenue is continue invest into promote their own brand, which is surely i have to agreed with their direction to continue invest into CAPEX and i guess it would also continue on for another few more quarters.

I believe It is a good business, and yet it has to take times (few years) to see better "profit". The only thing i don't comfortable to enter due to high PE valuation compare to average PE in bursa around 16.

Karex shareholder need to be patience because a good business usually take 10 years to build their kingdom. Don't forget KAREX only started their engine in year 2013, give them another 6 years will do.

sheldon, the dividend is paid in 6 months, doesn't mean you will get it twice in a year.

Example:
Announced date: 23 Jun 2017
Ex Date: 08-Dec-2017

That is assuming you hold it until 08-dec to entitled the dividend. Once you get the dividend, most likely you will get your next dividend on next year 08-Dec-2018.

If you look at the dividend history, the dividend is only distributed once a year
https://klse.i3investor.com/servlets/stk/annent/6432.jsp

DY 4.90% is the correct figure.

Pussycats > you can refer to the latest quarter report

Net assets per share = RM1.20, paying RM1 is not necessary mean u r getting cheap deal.
If we using the same logic, does it making more sense to invest into super undervalue share such as OSK? Which you can use RM1.60 to buy RM3.15 NTA. Which has more upside and also give around 3% dividend (yes, i know it is lower than Hexza)

if OSK is undervalued, here come another question why the price low for many years?

there is one more note in the quarter report
"On 7 April 2017, Apollo Food Industries (M) Sdn Bhd (“AFI”), a wholly owned subsidiary of Apollo
Food Holdings Berhad, received a Writ of Summon from Mondelez Europe GMBH (“Mondelez”),
which intends to restrain AFI from selling one of their products on the basis that such product
infringes the trademark product of Mondelez.
Currently no court trial date has been fixed. The Directors have consulted with legal opinions, and
the Directors are of the view that other than legal professional consultancy fees incurred, the
financial impact that may affect to the Group is currently unknown and the Directors are not aware
of any contractual obligation, guarantee or otherwise which may the Group by the result of this
litigation"

The thing surprise me is that it didn't publish in Bursa's company announcement, i wonder whether is this 'legal' not to announce it earlier. Can anyone tell me? tks!

been monitoring this stock for years still didnt buy due to the revenue going downtrend since 2013 until now, last result get about the same revenue compare to last year, and net profit dropped almost 45% year over year.

quarter profit sometime go higher and sometime go lower on raw material price, currency exchange, cost operation and etc...

from the business model we can conclude the business is steady but didn't growth (constantly revenue maintain around 220m for past 5 years). with current price RM5 and PE22 which i would assume the current price is fully reflected with latest financial result. to me it is still expensive to give high PE on no-growth company.

people who like to collect dividend might like this stock because it giving 5% dividend. despite management given 25cents dividend since year 2013, we also need to consider whether how high chance would this company doing better in future? That is another question to answer what is the main barrier the revenue been constantly maintain about the same since 5 years ago? How would it be different in next coming year?

Hexza has holding cash for many years, it is not like they suddenly received many cash.

with the management style, it is less likely they will give out bonus issue...but dividend is for sure

everything come with 2 sides, it depends whether we want to emphasize the positive side or negative side...

high dividend is good, these are the one i like! it would also good to keep in mind when the company give dividend more than what it earned, whether the amount of dividend is sustainable for another few more quarters?