up n down just for a single day....usually we get a slip unless u keyed in earlier for 1 month duration. it is usually hard to anticipate given the volatility of the shares concerned. up 0.5-1c , all the sharks r throwing....
Gore Victor Lee, you can look up the salient terms of the ICULS and warrants under Asiapac's announcement in the Bursa website under company announcements, dated 29 Dec 2016. The relevant info is in the 2nd document attached thereto. The way I value the ICULS (forget about the coupon interest first) is this: you pay RM1.00 for 1 ICULS that is convertible to 5 Asiapac shares that carries a current price of 0.17. So, it means your ICULS is worth: 5 times 0.17 = RM0.85. So you 'lose' 15 sen when you subscribe, which is then compensated by the 2 free warrants given to you. So, just to break even, ceteris paribus, your free warrants on listing must command a price of RM0.075 for you to break even, transaction costs not counted. Some might argue that you get 3% interest per year for the next 5 years but I don't think that is a strong enough sweetener. Whether it is worth it or not, you be the judge, but the mother share price should give you an idea whether the minimum target warrant price of 7.5 sen is achievable (with an exercise price of 25 sen).
Now , those who hold had to fork out more money to buy rights n more money to convert to mother shares later ....not worth it at all given the peak market now coz the tsunami may come any moment now or in 2018....
I hope I didn't give a wrong impression that I'm against Asiapac; I'm actually neutral on Asiapac. My writing earlier was to share that one probably wouldn't benefit much from subscribing to the ICULS due to the weak mother share price currently, and the uncertainty that the warrant price can perform that well when listed. If one has strong convictions about investing in Asiapac, he can just buy the mother share in the open market at the current price as it is. If the mother share price receives good support and moves up later, he can benefit just as well and by just as much. I'm just sharing my thoughts here, not recommending a buy, sell or not to subscribe to the ICULS.
assuming free warrant listed price is rm0.05, two free warrant will worth RM0.10.
ICULS RM1.00 minus RM0.10, means the cost of ICULS is only RM0.90 come with 3% annual interest which translate into 3.33% yield . If convert into 5 mother shares, the cost per mother share only @RM0.18.
So, no matter long term value investor or short term speculator, it is worth and risk free to subscribe the right issue. Good luck
so if a zero knowlegde 50 year-old virgin like you that keep creating so many lame accounts like bullrun, sweetheart, laichipet, john555 making rubbish comments like every hour is more credible? people know about you, theyre just getting tired of you. Empty vessels make the most noise..lol
I would like to ask this ICULS, 1. After 5 years, is straight convert to mother? or need to pay extra money to convert? 2. About the 3% yearly, it will pay as cash to our account or ?
Asian Pac unveils Fortune Centra in Kepong, official launch this weekend =========================================================
KUALA LUMPUR (May 18): Asian Pac Holdings Bhd has unveiled Fortune Centra, its latest development in Kepong, Kuala Lumpur, at a media launch today. The serviced apartment project will be officially launched this weekend on May 20 (Saturday).
Sitting on a three-acre leasehold site along Jalan Metro Perdana 6 in Kepong, Fortune Centra has a gross development value (GDV) of RM326 million. It will consist of 462 serviced apartments that will be housed in three multi-level residential towers and 19 double-storey retail shops.
Asian Pac executive director Dr Raymond Yu Tat Loong said at the unveiling ceremony today that the project has just been certified as a green building.
He added that the developer plans to hold on to the retail units, to increase the value of the project.
“We believe that as it is within walking distance away from the project to AEON Big and the Mass Rapid Transit 2 station, and many other amenities, the project will create value for its residents,” said Yu.
The built-ups for the serviced apartment units will range between 775 sq ft and 1,357 sq ft, while selling prices will range from RM490 psf to RM700 psf.
Facilities at Fortune Centra include a maze garden, herb garden, gyms, swimming pools, cabana, yoga deck, gourmet kitchen and reflexology path.
The project is expected to be completed by 2020 and is already about 82% taken up since its soft launch in January, according to Asian Pac managing director Datuk Mustapha Buang.
“This is not our first property development in Kepong. All of our projects here have been very well-received. Our buyers are very happy as our products are very good investments,” he said.
On its upcoming developments, Mustapha said the developer is looking to launch a condominium project in Damansara Damai by the end of this year.
“The GDV of this 6.5-acre project is about RM300 million. It will have 520 condo units with large built-ups, hence they will be like semi-detached and bungalow units in the sky, as we like to call it,” he said.
Yu added that the developer will continue to differentiate itself via its upcoming project in Damansara Damai.
"Just like what we are bringing to Kepong this time with Fortune Centra, our project in Damansara Damai will be something uncommon in the area," he said, adding that Asian Pac is doing "something similar" in Sabah, but declined to reveal more details.
Target price RM0.200, RM0.220 Last closing price RM0.185 Potential return 8.1%, 18.9% Support RM0.180 Stop Loss RM0.165 Possible for further upside. ASIAPAC’s share price picked up on an uptrend after undergoing correction phase. Both bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term to lift price higher to the next resistance levels of RM0.200 and RM0.220.
However, failure to hold at support level of RM0.180 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 16 May 2017
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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....
leslieroycarter
5,777 posts
Posted by leslieroycarter > 2017-04-20 11:56 | Report Abuse
up n down just for a single day....usually we get a slip unless u keyed in earlier for 1 month duration. it is usually hard to anticipate given the volatility of the shares concerned. up 0.5-1c , all the sharks r throwing....