Posted by 8wpwtmt8 > 2014-10-02 17:08 | Report Abuse

I will wait until it drops below RM8.00 to buy some more. Very likely T+ 3 of yesterday's (2.10.14) trading, i.e. next Wednesday (8.10.14).

Posted by Steven Tan > 2014-10-02 17:39 | Report Abuse

I Really Hope It WILL recover.. CA follow mother share. .. mothersshare drop. .. all warrant also drop..

Posted by rc15 > 2014-10-02 17:49 | Report Abuse

So far Happyman talk more sense here....suggest you guys to read his comments again...ignore those jokers with TP RM12-RM15....

Posted by naughtygirl > 2014-10-02 17:58 |

Post removed.Why?

Posted by Steven Tan > 2014-10-02 19:45 | Report Abuse

I still Keeping at 0.265 ..today drop again to 0.185... any advice opinion. . What do u think?

Posted by Steven Yong > 2014-10-02 20:23 | Report Abuse

Haha, hlind cantekkk. Surprisingly this stock has some weak hand. Wait tomolo see hiw. Weak hand sell to cut loss. Then stronghand will sapu more. Friday is good t

Posted by Cowboy > 2014-10-02 20:52 | Report Abuse

If drop to rm8, it means HLI at historical low of rm4 and Narra at 4.00/1.08=3.70 Cheap cheap.....

Posted by Novice168 > 2014-10-02 21:28 | Report Abuse

I think 8wpwt...calculation looks logical = RM12.01; even at today's low closing price. So why are people selling to get out so close to bonus issue date? By the way why is your name so difficult ? "8wpwtmt8"; and what does this mean, how do your pronounce it? It must be something good .

Posted by supergreat > 2014-10-02 21:40 | Report Abuse

buy somemore if it drop < 8.the next HLcap

Posted by 8wpwtmt8 > 2014-10-02 21:44 | Report Abuse

Dear Novice168, it is actually my name and my wife's name initial. Regarding the selling pressure, I am afraid what "happyman" commented got some truth in it.

"happyman: so many people keep thinking that upon ex HLI will be adjusted by 1.08....please 1.08 is only a reference price .. the ex HLI price will be determined by the market. it can be 4 or 5 or 6 or 7.....if 4, 5 people will be disappointed ..if 6, 7 then it will be good ...too early to tell, some even think it will be 12 before ex ....."

Posted by Novice168 > 2014-10-03 06:17 | Report Abuse

HLind EPS is 0.54;so at 15 PE; the price adjustment should be RM 8.1 after distribution. or at 12 PE; the HL-Ind should be priced at 6.48.This plus the bonus of Narra, now priced at 4.50; HLind value is much higher than the current selling price of 8.25. Very strange.

Posted by hevea > 2014-10-03 09:36 | Report Abuse

After ex date, call warrant become too over value , just be careful.

Posted by hevea > 2014-10-03 10:01 | Report Abuse

Buy hli now, you will make money on ex date

Posted by rc15 > 2014-10-03 10:01 | Report Abuse

Buying Hlind at this level seems a safe investment, dun contra...

Posted by hevea > 2014-10-03 10:02 | Report Abuse

Avoid call warrant

Posted by happyman > 2014-10-03 10:24 | Report Abuse

IF HLi earning per share is 0.54, and the historical PE range has been 10-15, . let us take the mean at 12.50... that works out to be 6.75HLI after EX, and add on narra s assumimg 4.00 that add up to be 10.75....... not bad at all, please please don't be harass by kclow ... we don't know who is he n what is his intention...base on pure calculation it sound ok! even at PE 10 (5.40+4= 9.40) still looks ok right ?

Posted by DANIELSKS > 2014-10-03 11:54 | Report Abuse

8wpw, No, you should be able to sell your shares on the ex-date and still receive the share distribution. The ex-date is the date that the seller, not the buyer, will be entitled to the distribution. The entitlement date which is usually 2 days after the ex-date is the cut-off date to identify the final shareholders to ensure they receive the entitlement. So you can sell it on the ex-date which would have factored in the RM1.08 reduction and still receive your Narra. You can verify with your remisier.

Posted by Novice168 > 2014-10-03 12:52 | Report Abuse

KClow, we are here to share information. We can be right or wrong, but speak honestly and truthfully. One will gain respect not only when we are right but when we truly believe what we write and act according to what we said we would do. When we bless others, we will be blessed too.

Posted by NKBlog > 2014-10-03 13:32 | Report Abuse

Novice168, well said.

Posted by KClow > 2014-10-03 13:37 | Report Abuse

let there be peace in hlind thread.. i accept defeat to the righteous... i apologize...

Posted by Steven Yong > 2014-10-03 13:37 | Report Abuse

HLIND CANTEKKKK

Posted by 8wpwtmt8 > 2014-10-03 13:59 | Report Abuse

Dear Danielsks, the announcement says "entitled shareholders of HLI will receive 1,080 Narra Shares for every 1,000 HLI Shares held as at 5 p.m. on 16 October 2014 (“Entitlement Date”)." So I think we can sell only on 17 October 2014.

The above 345,030,635 Narra Shares to be distributed represent substantially all the consideration shares to be received by HLI from Narra Industries Berhad (“Narra”) pursuant to the disposal by HLI of Hume Concrete Sdn Bhd (formerly known as Hume Industries (Malaysia) Sdn Bhd) and the entire irredeemable convertible preference shares in Hume Cement Sdn Bhd to Narra.

The Capital Distribution shall be implemented by way of reduction of the share premium reserve of HLI by approximately RM234.1 million.

Under the Capital Distribution, entitled shareholders of HLI will receive 1,080 Narra Shares for every 1,000 HLI Shares held as at 5 p.m. on 16 October 2014 (“Entitlement Date”).

Fractional entitlements to the Narra Shares, if any, shall be disregarded and shall be dealt with by the Board of Directors of HLI as it may in its absolute discretion deems fit or expedient and in the best interests of HLI.

The Narra Shares to be distributed shall be credited into the Central Depository System accounts of the entitled shareholders within 8 market days from the Entitlement Date.

Posted by Novice168 > 2014-10-03 14:41 | Report Abuse

8wpwtmt8 ,thank you for the detail information . How does the reduction of the share premium reserve of HLI by approximately RM234.1 million going to affect the ex HL ind share price? what does "reduction of the share premium reserve" means?

Posted by omegacankill > 2014-10-03 14:42 | Report Abuse

Danielsks is correct...can sell on ex-date

Posted by omegacankill > 2014-10-03 14:44 | Report Abuse

just trying to clear the confusion

Posted by Jim Sted Power > 2014-10-03 14:49 | Report Abuse

keep dropping!!!!!!!!!!!!!!!!!!!

Posted by DANIELSKS > 2014-10-03 14:49 | Report Abuse

8wpw, the ex-date indicates that the seller will get the distribution and not the buyer. The entitlement date is for the company to identify and confirm the rightful holder THAT EXIST IN THEIR RECORD on the said date and time. After the verification they will then credit the Narra shares into your CDS a/c WITHIN 8 market days from that date. In a nut shell, you can't sell your Narra shres until it's credited into your a/c but you can sell your HLI shares immediately on the ex-date. It's similar to dividend payout.

Posted by omegacankill > 2014-10-03 14:54 | Report Abuse

really drop..kclow so chun...

Posted by Novice168 > 2014-10-03 15:00 | Report Abuse

My remisier told me it may be contra kaki selling. Today is T4 from the peak , when contra kaki play hoping to make money on the rise. Let see tomorrow; hope all contra kaki gone. Hope the drop will not trigger profit taking sell by others.

Posted by omegacankill > 2014-10-03 15:04 | Report Abuse

novice 168, hope you're right but sometimes 'Hope Analysis' will kill... just my 2 cents

Posted by DANIELSKS > 2014-10-03 15:13 | Report Abuse

There's no necessity to worry if you trust in it's fundamentals. HLI's eps is 0.54 and that of Narra is projected to be 0.23. Let's give a conservative PER of 10 to 15 for HLI but what ratio would you assign to Narra bearing in mind that the PER of Tasek and Lafarge is now above 20.

Posted by Novice168 > 2014-10-03 15:19 | Report Abuse

Thank you Danielsks, it is comforting to know the fundamental behind these 2 counters. Happy long weekend to you all. Enjoy your hari Raya Haji on Monday. Be happy, be rich, and be safe; driving.

Posted by DANIELSKS > 2014-10-03 15:24 | Report Abuse

Thanks for the wishes. Am still steadily collecting. Expect it to move up towards the ex-date.

Posted by 8wpwtmt8 > 2014-10-03 15:34 | Report Abuse

But the Narra shares that we are going to get is dropping badly. Only 4.25 now.

Posted by Steven Yong > 2014-10-03 15:41 | Report Abuse

After ex-date can sell liao la

Posted by DANIELSKS > 2014-10-03 15:44 | Report Abuse

It is to be expected as 348M new shares will be listed soon. Expect it to go lower. If you currently own HLI and Narra shares, you would opt to sell your Narra now as your new Narra shares are theoretically at RM1.00 cost.

Posted by happyman > 2014-10-03 15:54 | Report Abuse

there are people after collecting some shares , they will spread rumours about the share going sky high, within very short period .this will attract in people who are greedy to make fast money....they will push up the price n dump it to the short term innocent players that jump in.. that may explain why we have a volume of I million share 2 days ago ,, of couse they know that major shareholder is not going to dump them in the eve of major exercise....anyway just my guess...these people may be laughing all the way to the bank now.. and asking everybody to sell this share so that they collect cheap again ????????? this is just my 2 penny guessing work

Posted by rc15 > 2014-10-03 15:58 | Report Abuse

Just a reminder to all, dont ever buy CA or CB. After Ex Date, both will become craps due to the adjustment basing on Par Value of Narra

Posted by DANIELSKS > 2014-10-03 15:59 | Report Abuse

That's why we should stay with the fundamentals and ignore the noises. Again everyone's strategy may be different, depending on whether they're investors or speculators.

Posted by rc15 > 2014-10-03 16:01 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/structured-warrants/1754725

Posted by rc15 > 2014-10-03 16:04 | Report Abuse

Adjustment Factor = Closing Price Of HLIND on 13 Oct -RM1.08 and divide by Closing Price of HLIND on 13 Oct.

Assuming HLIND closed at Rm8.50, then AF will be 0.87.
The revised Ex Price of CA will be Rm7.20 X 0.87 = RM6.285
The revised ratio will be 6 X 0.87= 5.22
Thus, it will be RM6.285 + 5.22CA after Ex date

Posted by 8wpwtmt8 > 2014-10-03 16:04 | Report Abuse

Stange! Narra recovers to 4.49 and HLI recovers to 8.22 now.

Posted by rc15 > 2014-10-03 16:06 | Report Abuse

Basing on current price of CA of RM0.16, the mother has to be RM7.12 after Ex Date so that Ca will be at zero premium....

Posted by rc15 > 2014-10-03 16:10 | Report Abuse

How much will Hlind trade after Ex Date? Personally I am sharing the same thought with Happyman..

Posted by rc15 > 2014-10-03 16:11 | Report Abuse

I think it shall trade in the region of PE 10-13...good luck

Posted by DANIELSKS > 2014-10-03 16:16 | Report Abuse

I think it was trading around the RM5+ level when the exercise was first proposed which is around the PE 10 region. So that should be a good reference point. Anything above that after the ex-date would be a bonus.

Posted by rc15 > 2014-10-03 16:23 | Report Abuse

Again, CA may only have some value if Hlind trades above RM6.50 after Ex date....dont get burnt.....

Posted by Cowboy > 2014-10-03 16:33 | Report Abuse

It is not just less rm 1.08, it is 1.08*(last 5 day average price of Narra).

Posted by DANIELSKS > 2014-10-03 16:37 | Report Abuse

No, cowboy, it's already been confirmed that par value will be used, thereby RM1.00 x 1.08 = RM1.08

Posted by rc15 > 2014-10-03 16:39 | Report Abuse

Cowboy, read the annoucement again...it's RM1.08, not 1.08 X Narra price You may call Kenanga to clarify...