rights issue price around 60 sen to raise 3 Billion, 3 rights for every 2 shares, no matter what i think they have to support at 60 sen above, but anything is possible
The formula for CWs and comment below is from @chleong at the -CG thread. I'm pasting it here so that we might have a better understanding of things... possibly find ways to benefit ourselves.
the "adjusted exercise price" for MAS call warrant the formula is this: (1 + (R/S)x M)/(1 + M) x existing exercise price .... (1 + (rights issue price / last traded price before rights issue x 1.5 (3 rights / 2 share) / (1 + 1.5) x existing exercise price......
take MAS-CK as an example: [ 1 + (0.60 / assume to be 0.85 ) x 1.5] / 2.5 x 1.05..... will be around 0.865 ex rights exercise price. so i means the lower the MAS last traded price goes assuming 60 sen will be equal to "Square One or Unchange" exercise price. it take at least 3 months to complete the rights issue, i believe they will make a speed it up. so MAS CG already mampus unless the issuer goreng it together with the mother.
Rather than shout and scream and hurl abusive comments against MAS (which won't bring anything of benefit to us), why not try to find ways to profit from the muddle? It's that "Menaguk di air keruh" thing - when there's turmoil in the water, using the right technique and equipment will land you fish. Unfortunately, it's so muddled and complicated right now that I'm lost. At the same time, I can sense the real possibility of opportunities - Where are they??
One thing is clear though; regardless of MAS' problems and track record, and regardless of the fact that many investors might not like the capital reduction and rights issue, these are actually actions that will put MAS on a sounder financial footing.
That said, I wouldn't put my own money in MAS, i.e. "investing" in it. There are many other much better companies for that. BUT "speculating" is another thing. I'm not too concerned about MAS future prospects - it's the *price of its shares* that I'm very keen about. And the cheapest way to be involved is through its CWs, with money that you can afford to lose. I hope you guys can share your opinions and strategies on how to profit from MAS.
... oh my god, lots of parking at 0.015. the Issuer is not going to give us a easy hand. the same applied to entitlement ratio. Example MAS CK ratio is 2:1 or 0.5 after ex rights issue 0.6 ratio or less 1.6:1. good luck everyone
MAS-CM, ex. 1.08, ratio 2:1, expiry 28/10/13 MAS-CN, 1.00, 1.5:1, 31/10/13 I'm looking at CK and CN especially since each has its strengths. But the question, as always, is "When". If EPF is offloading MAS shares, then it's better to wait first. The price can't hold when such a giant keeps selling. Perhaps "Wait and see" is the better thing to do at the moment.
you are right KC, but first of all Khazanah has to get EPF to unload all the 250 over million shares to press down the price cheap cheap, i mean below 40 sen & the get in the crony to TAKE OVER CHEAP CHEAP just like DRB HICOM bought over PROTON not even evaluating the LAND that PROTON hold. that is going to be VERY VERY BAD PUBLICITY, and POLITICALLY INCORRECT. i dare you
the CULPRIT is always always with the institution,not the retailers who abuse the BURSA platform to perform their stunt. Mat Cendana you are wise in "wait & see". very tempting to me the CW
so wait til Mr Market goes into manic depression again and offers you something simply irresistable! complain kuat does nothing! EPF told to cash out by Khazanah. Is something coming? Al-Bukhary?
What's Tajuddin Ramli doing now? I remember TRI which was one of the speculators' favourites in the early 90's. Seeing how Celcom has gone up, I'd be sore too if I were him.
I also beleive Transmile too.... I aslo believe Robert Kuok counter too... i believe Robert kuok will overcome Transmile financial problem... But transmile delisted from KLSE.... Many Burn hand and burn heart....
That was my mistaken assumption when I was a kid - it's better to fish in clear water because the fish can then see the bait and come. Was surprised when an older cousin took me to the stream just after heavy rain (it was in Mukim Binjai, Asun - between Jitra and Changlun). It was murky, of course, and it doesn't make sense to me to fish in such waters. He used worms as bait and told me to place the line deep inside the water. Sure enough we had a good haul of catfish that day:-)
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Posted by KC Loh > 2012-12-13 09:27 | Report Abuse
Bottom sea fishing season is about to start! :)