Posted by watchme > 2014-11-06 16:56 | Report Abuse

a matter of time to cross RM1..those with deep pocket, just grab

Posted by sephiroth > 2014-11-06 18:44 | Report Abuse

Rights share priced at 0.50 vs current price 0.975, good luck guys

Posted by Icon8888 > 2014-11-06 20:07 | Report Abuse

http://klse.i3investor.com/blogs/icon8888/63411.jsp

Posted by Icon8888 > 2014-11-06 20:07 | Report Abuse

my little write up

Posted by cassyee > 2014-11-06 20:13 | Report Abuse

how to count the righ share? can anyone advise? thank

Posted by Icon8888 > 2014-11-06 20:16 | Report Abuse

One right for one share

So TERP = ( 0.5 + 1.00 ) / 2 = 0.75

0.5 / 0.75 = 33.3% discount

Posted by cassyee > 2014-11-06 20:17 | Report Abuse

i got 100 lot at 0.960. then i can subscriber[buy] 100 lot at 0.50?
warrant is free for right share?

Posted by Icon8888 > 2014-11-06 20:18 | Report Abuse

Yap

Posted by Icon8888 > 2014-11-06 20:18 | Report Abuse

You only get 50 free warrants. It is 1 right 0.5 free warrants for every share held

Posted by cassyee > 2014-11-06 20:19 | Report Abuse

but can i ask, why warrant price so higher at 0.80 sen?

Posted by cassyee > 2014-11-06 20:21 | Report Abuse

when is ex date? if tomoro still buy some still can subscriber the right share? thank :)

Posted by Icon8888 > 2014-11-06 20:22 | Report Abuse

80 sen is the exercise price. The warrants price based on conversion premium. But my guess is that it is likely to trade at at least 20 sen upon listing

Anything lower than 20 sen , I will sell my house, sell my car and mortgage my grandma to mop them up

Posted by Icon8888 > 2014-11-06 20:23 | Report Abuse

According to circular, ex date maybe in December.

Yap, tomorrow buy still ok

Posted by Icon8888 > 2014-11-06 20:26 | Report Abuse

The warrants is given free to you. You are not paying 80 sen for it

But if you want to exercise, you will have to surrender your warrant and pay 80 sen. They will then give you the ordinary share (your remisier will do it for you. Otherwise change one)

Posted by cassyee > 2014-11-06 20:27 | Report Abuse

ohhh... coz mother still lower and right share is 50sen, warrant price higher than mother price, a bit scare scare.. haha :)

Posted by CAF-POW > 2014-11-06 20:27 | Report Abuse

How to subscribe to rights issue? Seems like a good deal....

Posted by Icon8888 > 2014-11-06 20:28 | Report Abuse

Not really.. You still not getting it right... Please speak to your remisier...

Posted by cassyee > 2014-11-06 20:34 | Report Abuse

i think that time am already sell my warrant loh.. wont exercise the price gua :)

Posted by cassyee > 2014-11-06 20:35 | Report Abuse

Thank Icon8888 for the explain :)

Posted by kancs3118 > 2014-11-06 21:04 | Report Abuse

with this rights announcement, will the share price fly tomorrow?

Posted by lcng123 > 2014-11-07 00:25 | Report Abuse

Icon8888, GOB has implemented the par value reduction from RM1.00 to RM0.50 in Sept 2014, what do you think on it? What is the purpose for company to do so? Will it be affect the financial status of GOB? How it will affect us as shareholders of the company?

Posted by Icon8888 > 2014-11-07 07:14 | Report Abuse

No impact. The number of shares you hold remain the same.

only the par value per share drop from 1.00 to 0.50.

Par value is an obsolete concept. In US, there is no more par value.

Please TOTALLY ignore the 50 sen reduction

Posted by watchme > 2014-11-07 10:35 | Report Abuse

my broker told me 1 for 1 rights at 50 cents with free warrant for every 2 rights subscribe
the profit likely to come from warrant as the expiry period could be 5 years...with their exercise price at 80 cents, looks like the warrant is likely to trade 25 cents if the price of mother stay at 95 to 99 cents range

Posted by watchme > 2014-11-07 10:37 | Report Abuse

when they place heir warrant exercise price at 80 cents, looks like the mother coulb price is well supported at 90 level...long term 2 years..big winner this counter if you believe the new management team can deliver when their project is launch up north at Tambun...Penang 2nd bridge

Posted by watchme > 2014-11-07 10:39 | Report Abuse

if falling to 90 level I will sure buy more

Posted by lcng123 > 2014-11-07 13:15 | Report Abuse

Icon8888, GOB cut the par value from RM1.00 to RM0.50, definitely the capital of company was reduce to half compare to previous, right?

Posted by lcng123 > 2014-11-07 13:18 | Report Abuse

watchme, after right issue, the share price of GOB will be adjusted to (98 + 50)/2 = 74sen. You got chance to buy more.

Posted by bukithot > 2014-11-07 13:26 | Report Abuse

Icon8888, what is the likely warrant price ?

Posted by Icon8888 > 2014-11-07 13:31 | Report Abuse

Lcng123 the share capital will decline by 50 sen, the credit arising from the cancellation will be transferred to reserve. Overall, net asset no change at all

Posted by Icon8888 > 2014-11-07 13:32 | Report Abuse

I am comfortable buying warrants at less than 25 sen, if you ask me for expected market pruce

Posted by stncws > 2014-11-07 13:37 | Report Abuse

join our wechat group ID; jmms2chong

Posted by lcng123 > 2014-11-07 13:47 | Report Abuse

Icon8888, is that mean as at 2015 Q1, the capital=227,338K, reserve=69,655K and total=296,993K, NTA=296,993K / 227338K = 1.31, after 50sen reduce, capital=113,669K, reserve=183,324K and total remain = 296,993K, NTA= 296,993K / (113,669K X2) = 1.31, right?

Posted by Icon8888 > 2014-11-07 14:38 | Report Abuse

Please refer to page 25 of the circular

http://announcements.bursamalaysia.com/EDMS/subweb.nsf/all/627575D40F552F4348257D260008F7DF/$File/GOB%20-%20Circular.pdf

Posted by kancs3118 > 2014-11-07 15:29 | Report Abuse

@ icon8888, just asking, when will they release the prospectus to all the shareholders? Also, when do we need to pay for the rights issue? Mid Dec or late Nov?

Posted by Icon8888 > 2014-11-07 15:29 | Report Abuse

According to circular, the Abridged Prospectus will be issued by mid November. Last day for payment of rights shares by end November. By early December, the rights shares and WA will be listed

Posted by kancs3118 > 2014-11-07 15:39 | Report Abuse

@ icon8888, crap....my paycheck comes in on 28th Nov.

Posted by Icon8888 > 2014-11-07 15:44 | Report Abuse

I bought more just now ......

Posted by watchme > 2014-11-07 15:45 | Report Abuse

grab now

Posted by watchme > 2014-11-07 15:47 | Report Abuse

sapu below RM 1, pretty sure make at least 3 to 5% profit by end Nov

Posted by 宋 雪芬 > 2014-11-07 15:57 | Report Abuse

i hope they can push the share price higher

Posted by watchme > 2014-11-07 16:05 | Report Abuse

RM 1 soon

Posted by watchme > 2014-11-07 16:08 | Report Abuse

hurray....next resistance 1.03

Posted by 宋 雪芬 > 2014-11-07 16:20 | Report Abuse

the warrant is free or need to pay also?

Posted by CAF-POW > 2014-11-07 16:26 | Report Abuse

Free if you subscribe to rights issue

Posted by 宋 雪芬 > 2014-11-07 16:42 | Report Abuse

free warrant then OK, thanks CAF-POW.
i still think they should continue to push up the share price, or else who want to subscribe the right issue with share price that testing your patient

Posted by kancs3118 > 2014-11-07 16:42 | Report Abuse

i hope can hit RM1.20....did buy some during the recent market correction....wanna cash out to finance for the rights issue.

Given that the rights issue is scheduled towards the end of Nov'14, we still have 3 weeks to see show....

Posted by CAF-POW > 2014-11-07 17:14 | Report Abuse

宋 雪芬 , The free warrant is really good deal, with 5 year expiry and strike price of 0.80, the premium to the TERP is low. Take fitters for example with recent free warrant also, it's now trading close to 60% premium to the mother.....and its warrant price appreciate approximately 50%.

Posted by Icon8888 > 2014-11-07 17:55 | Report Abuse

Seriously if trade at 25 sen or less, I will buy 1 million units to keep

Posted by CAF-POW > 2014-11-07 17:59 | Report Abuse

I can only dream to have such capital ....

Posted by kancs3118 > 2014-11-07 17:59 | Report Abuse

@ icon8888, just asking from the net assets backing per share perspective. What happens to the shareholders who subscribe in full to the rights issue? Post - rights issue, the net assets backing per share will drop from its current level of RM1.3x? I think it will halve to RM0.7x per share. Am i right?

Hence, we can say that the post rights actually dilute the net assets per share backing?