still wan to belive in Kenanga???? this Kenanga are tricking ppl to make profit for them self....... now they are only playing them self.... where got outsider buying their CA????
If HLIND ca touch RM9.00 next month, then HLIND-CA shall worth around RM0.30 at least...about 40%+ return from current price of RM0.21. If you buy HLIND now at RM7.80, when it touch RM9.00, return is 15% only
during a public talk I asked an issuer of call warrant whether they made money when the underlying share drop n they lose money when the share goes up ....I was told that issuer don't make money betting against their customers they made their money from the spread ...so they have hedged though may not be a 100 % hedge
We refer to the announcements dated 11 September 2013, 31 October 2013, 12 December 2013, 29 April 2014, 4 June 2014, 17 June 2014, 18 June 2014 and 4 August 2014 as well as the Circular to Shareholders dated 20 May 2014 (“Circular”) in relation to the Corporate Exercises. Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the Circular.
On behalf of HLI, HLIB is pleased to announce that the High Court of Malaya had granted an order today confirming the reduction of the share premium reserve of HLI pursuant to Section 64 of the Act for the Proposed Capital Distribution.
The sealed order is in the process of being extracted and an office copy of the order will be lodged with the Registrar of Companies. The book closure date for the Proposed Capital Distribution will be announced in due course.
Likely to annouce ex date in Sep for the share distribution of 1.08 Narra shares for every HLIND held. At current prices of both (RM8.03 & Rm4.30), HLIND's ex price will be around RM3.40+...Seems to be a good bargain
UOB KayHian has given it a target price of RM7.95 in it's latest report dated 5th September with potential to rise to RM8.34. RHB has previously rated it at RM8.57. I reckoned it can go to RM9.00.
Why Narra no one goreng? Narra half of HLIND now? During consolidated phase, HLIND might go now if Narra stays at current price. I really don't understand
As we add up the company’s SOP post exercise at MYR6.12 plus 1.08 NARR share at MYR2.27 each, we derive a cum-dividend FV of MYR8.57, which offers an upside potential of 31.8%. The present market value of NARR also suggests there is more upside from our FV, as its last close suggests that HLI could be worth MYR9.49 on a cum-dividend basis at the former’s last close.
Comment:: But now HLIND and NARRA prices are RM8.23 and RM4.50 respectively. The calculation will be 6.12 + 1.08 X 4.50 = RM10.98. Is it possible?
Basing on current prices of RM8.11 & Rm4.50 for HLIND & Narra, you are actually paying Rm3.25 for HLIND post distributions of Narra shares...at EPS of ard RM0.50+ and Div of ard RM0.25, HLIND is only trading at PE 6.5 and Div Yield of 7.69%. Boss controls ard 80% of HLIND shares....
If use PE=15, HLI without cement business worths 8.20, the up side is 1.08 of free Narra share which will stay 4.50 ~ 5.00. The price target mentioned above is without cement business due to it has not complete a FY yet.
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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....
rapidbeginner
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Posted by rapidbeginner > 2014-08-21 09:48 | Report Abuse
still wan to belive in Kenanga???? this Kenanga are tricking ppl to make profit for them self....... now they are only playing them self.... where got outsider buying their CA????