Posted by newbie4444 > 2019-11-23 10:14 | Report Abuse

They make a lot from salary how abt you?

Posted by newbie4444 > 2019-11-23 10:15 | Report Abuse

Got hear Sumatec? If sinking boat why Tan Sri must hold?

Posted by CharlesT > 2019-11-23 10:15 | Report Abuse

But they lose more fm their inv in wce..unless they draw big salary like sap boss..lol

Posted by CharlesT > 2019-11-23 10:17 | Report Abuse

So what do u want to express on sumatec? Boss very smart n wealthy?

I m poorer than him?

Posted by CharlesT > 2019-11-23 10:17 | Report Abuse

Halim made a lot of salary fm sumatec?

Posted by johorean8 > 2019-11-23 10:23 | Report Abuse

CharlesT you know why we kicked PH out last week(Tanjung Piai)? At least BN we gain EDL toll free. "Toll free PH" mere cheating?

Posted by CharlesT > 2019-11-23 10:30 | Report Abuse

Having said all the above, basing on my assumption of tan sri's holding cost at rm1.00, after the rights issues n assume he converted all by adding rm0.04 (2x rm0.28) then his average cost will be rm0.52..

Seems not difficult for him to breakeven in near future.. yet to include the free wa..

Smart move to down average his cost

Posted by uptrending > 2019-11-23 11:23 | Report Abuse

Second chance to buy cheap on Monday

Posted by Kingston1 > 2019-11-23 11:32 | Report Abuse

Uptrending, may I know if time for purchase the right issue has over, what would be the starting price on Monday? And what would happen for those who bought in mothershare yesterday? Would they get additional shares or suffer loss on Monday?

Posted by uptrending > 2019-11-23 13:42 | Report Abuse

The reference price for the mother share on Monday is the same as the closing price on last Friday, 37.5 cent

Those who bought the mother share last Friday of course would not get additional shares as the rights issue was already over. They not necessary will suffer losses. At closing, there were more than 700K shares buying @37.5 on board.

Posted by uptrending > 2019-11-23 13:56 | Report Abuse

Just because the rights issue price of the rcps was 24 cents and those who applied for excess got 84% allocation, people assumed that the price of rcps will tumble. If this perception is true, it would have reflected last Friday. The stock market is a forward looking discounting machine. The listing of the rights issue of rcps and warrants on Monday has already been discounted last Friday.

Posted by uptrending > 2019-11-23 14:22 | Report Abuse

What would be the reference price for the rcps on Monday?

Option 1, conversion to the mother share is 1 rcps +4 cent into 1 mother share

Option 2, 4 rcps into 3 mother shares.

If option 1, the reference price would be 33.5 cent

If option 2, it would be 28.5 cent

Posted by uptrending > 2019-11-23 15:19 | Report Abuse

How do you derive the cost of rcps as 28 cent..?

Those who exercised their rights to subscribe for the rcps and the warrants, if their original cost of the mother share was rm1, their average cost after conversion would be 52 cent per wce share, their cost of the rcps would be 48 cent, discounted the warrants.

Posted by CharlesT > 2019-11-23 15:23 | Report Abuse

Convert 2 PA into 2 mother share by adding rm0.04 each...

Posted by CharlesT > 2019-11-23 15:24 | Report Abuse

In order to calculate his average cost of mother shares after he converted all his PA into mother shares

Posted by ahgorgor > 2019-11-23 16:29 | Report Abuse

Reference price for RCPS should be (RM0.375 X 3) / 4 = RM0.28125 = RM0.28.

Anyway, conversion of RCPS to WCEHB is by adding 45 sen. Logically market will open at higher price.

Anyone disagree with the calculation of RCPS's reference price?

Posted by ahgorgor > 2019-11-23 16:31 | Report Abuse

typo: conversion is by adding 4 sen

Posted by sheep > 2019-11-24 19:33 | Report Abuse

Most will be selling on strength starting on Tuesday.. Monday only for those privileged.... if qr good, company would have released it before listing of RCPS.. wakaka

Posted by lamy92 > 2019-11-24 20:20 | Report Abuse

tomolo right issue..the price can drop again..example wzsatuu

Posted by supertrader888 > 2019-11-24 20:27 | Report Abuse

Monday will moving up.. who wanna sell at Monday please just sell.. no need argue here.

Posted by Jhau65 > 2019-11-24 20:31 | Report Abuse

Many will sell rcps to take profit !!!

Posted by sheep > 2019-11-24 21:16 | Report Abuse

Right, am selling to lock in profit........ buy back after qr out..

Posted by PH_1_term > 2019-11-24 21:55 | Report Abuse

Admit it, we promised the impossible in manifesto, Lim tells PH
https://www.freemalaysiatoday.com/category/nation/2019/11/24/admit-it-we-promised-the-impossible-in-manifesto-lim-tells-ph/

Posted by uptrending > 2019-11-24 23:13 | Report Abuse

How much do you have..

PR was ramped up from 1.5 cent to 5 cent on the last trading day on huge volume of 108 millions..

Posted by uptrending > 2019-11-24 23:14 | Report Abuse

How much do you have..

PR was ramped up from 1.5 cent to 5 cent on the last trading day on huge volume of 108 millions..

Posted by uptrending > 2019-11-25 06:45 | Report Abuse

Don't think the price was pushed up to 39/40 for shareholders to subscribe b4 payment date. It was market forces. Shareholders if didn't want to subscribe, the undertakers will take cheap cheap.

Those didn't want to subscribe already sold b4 ex and suspect many sold their PR on the last trading day including many of those who bought PR cheap...

Successful Excess Shares application only 78 million, could easily be absorbed. Some may belong to big guys.

Who were the big buyers of the PR on the last trading day on 1st Nov and who were the major buyers of the mother share up to 45 cent b4 the announcement of the red results on the 19th?

Buyers came out strong last Friday @37/37.5 despite cautious sentiments prior to the listing of the rights today.

Points to ponder.

Posted by tiptop168 > 2019-11-25 09:12 | Report Abuse

Buy ..buy..buy

Posted by tiptop168 > 2019-11-25 09:12 | Report Abuse

Cheap now

Posted by CharlesT > 2019-11-25 09:22 | Report Abuse

yummy or not?

Posted by LuckyG > 2019-11-25 09:29 | Report Abuse

bought . yummy

Posted by LuckyG > 2019-11-25 09:32 | Report Abuse

27.5c so cheap hahaha

Posted by Kingston1 > 2019-11-25 09:41 | Report Abuse

Now I know after right issue will like this :D

Posted by VLVL > 2019-11-25 09:44 | Report Abuse

Wait for 30 cents

Posted by Kingston1 > 2019-11-25 09:44 | Report Abuse

Waiting for the right position to in

Posted by bursatrader123 > 2019-11-25 09:56 | Report Abuse

Yeah! I am also waiting ......

Posted by bursatrader123 > 2019-11-25 09:57 | Report Abuse

Queueing a portion @.33 sens :-)

Posted by bursatrader123 > 2019-11-25 10:02 | Report Abuse

.295 sens lowest

Posted by uptrending > 2019-11-25 10:09 | Report Abuse

The warrants are so bullish, depicting good future, and price is going to fly in the future

Posted by uptrending > 2019-11-25 10:12 | Report Abuse

Warrant price 16 cents
Conversion price 39 first 5 years

16+39 =55

Posted by CharlesT > 2019-11-25 10:21 | Report Abuse

60% premium.....

Alternately it's too expensive...especially the future huge dillutions from the conversion of PA into mother shares (200%)

Posted by uptrending > 2019-11-25 11:58 | Report Abuse

I think most people who applied for the rights and excess shares must have disposed the warrants.

Total free float warrants with retailers 30 millions?
Total rcps free float with retailers, 120 millions?

Posted by Tomatoman79 > 2019-11-25 12:49 | Report Abuse

9 years warrant. this should price 0.20-0.23

Posted by AlfI3 > 2019-11-25 14:04 | Report Abuse

D new warrants has relatively small volume Vs d mother & PR, hence easier to push higher. But if d strategy well execute; d major players shud push up d mother by hook or by crook, so tat dey can release d WF & PR easily

Posted by newbie911 > 2019-11-25 14:09 | Report Abuse

Why wan push? Good chance for big player to press down so tht wa and pa shareholder will give up and sell.

Posted by uptrending > 2019-11-25 14:24 | Report Abuse

So cheap... Major shareholders won't release...
Can't push down either because of market forces..
Those bulls buy warrants as much smaller capital outlays to gain exposure for the next 10 years.. sooner or later rcps and mother share would catch up if the warrants keep going up..

Posted by Kingston1 > 2019-11-25 16:14 | Report Abuse

Say no to mama, hantam anak

Posted by hng33 > 2019-11-25 16:59 | Report Abuse

bought WCE at 34sen

Posted by monetary > 2019-11-25 17:04 | Report Abuse

0.3 coming?

Posted by Mar Yung Chern > 2019-11-25 17:11 | Report Abuse

may i know how to convery from pa to mother share?

Posted by uptrending > 2019-11-25 17:11 | Report Abuse

If wf steady @17, mother reaches 30, then the premium of wf would be 87%.!!!