@lehubeng, 5.5sen per ICPS is the subscription price paid by subscriber during ICPS rights issue with free warrants as sweetener (like dividend or interest for FD). Upon conversion, just surrender equivalent value of this Focus-PA (2 methods with minimum of 1 ICPS of value 5.5sen collected during initial subscription or multiple of ICPS plus cash) to make-up 55sen. Due to this complicated conversion calculation, I think many investor not keen to look at ICPS..just sharing info. Happy Trading
For conversion purposes, 1 PA got a 'conversion value' of 0.055 as its issue price under the recent right issue is 0.055. So 10 PA is worth 0.55 for conversion purposes, the required conversion price.
What is the meaning of Conversion of Preference Shares ? Conversion rights allow preference shareholders to convert their preference shares into ordinary shares based on an agreed conversion formula. Once converted, they become ordinary shareholders. Meaning they also become co-owner of the business who can enjoy the potential appreciation in the value of the business.
Focus .. is number ONE, in Top 30 in terms of volume today Many day traders in here Also many investors in here... that are busy collecting in big bulk ( big quantity)
a typical seafood restaurant will need capex RM5 million Turnover => RM12 to 18 million a year
PBT around RM5 million a year
so yeah restaurants WAS a good business pre-covid
emphasis on WAS.....
Posted by Eric Fong > Apr 27, 2021 2:13 AM | Report Abuse
Not sure want invest or not. Based on their sales of about 60M per annum, feel like izzit true solely depend on their f&b business can hit that much sales. Just wondering.
sometimes I wonder why bursa malaysia always allowing these so-called con stocks keep issuing pp, warrant, and esos, to benefit the BOD and cronies..... then let majority retailers become the victims..... then only come out later said want to investigate...... it seems very easy for company to get approval for issuing these esos, pp, warrant...
when u buy into this counter u need right timing ....watch closely b4 jump in OR out...from 60-70 cents the prices came tumbling down just a month or two ago...tapi remember ada PROFITS tuuuu!!!! something not very right down here, my friends!
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bullmarket1628
3,711 posts
Posted by bullmarket1628 > 2021-04-27 09:48 | Report Abuse
Buy before too late, will break above 0.30 by end of this month !
Huat ah, Heng ah, Ong ah !