Posted by lookingaround > 2014-10-14 18:47 | Report Abuse

The conversion price of the ICULS is RM0.68 for each new I-Berhad Share and will be subject to adjustments in certain circumstances in accordance with the ICULS Trust Deed dated 27 August 2014.

The ICULS is convertible into new I-Berhad Shares on any market day from the Issue Date up to and including the Maturity Date. The conversion of the ICULS will not require any cash payment by the ICULS holder. The conversion price will be satisfied by surrendering for cancellation the ICULS with an aggregate nominal value equivalent to the conversion price of RM0.68 for each I-Berhad Share. Any fractional new shares arising from the conversion of the ICULS shall be disregarded.

This announcement is dated 13 October 2014.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1763793

###

It clearly states that conversion does not need any cash. You can convert the icul to ordinary share anytime.

Posted by Redtomato > 2014-10-14 19:17 | Report Abuse

With the current price of 0.69 now, what the hack so susah payah go and paid 0.69 earlier to subscribe IBHD-OR? Earn nothing and yet got to pay upfront...crazy man

Posted by Redtomato > 2014-10-14 19:54 | Report Abuse

Really can't believe that before all this rubbish exercise take place, suppose making profit 20% by end of Aug before unit split, BUT once after 14/10/14, suddenly all my profit became LOST! WTF...

Posted by bravoUp > 2014-10-14 20:15 | Report Abuse

Bonus issue of 103,037,720 new ordinary shares of RM0.50 each in I-Berhad (“Shares”) (“Bonus Shares”), to be credited as fully paid-up, on the basis of 1 Bonus Share for every 5 existing Shares
held by entitled shareholders of I-Berhad as at 5.00 p.m. on 14 October 2014 (“Bonus Issue”)

Listing Date 15/10/2014


Another new 103 million bonus issue listed tommorow 15/10/2014. More downward pressure expected. Free share from bonus issue....must sell fast.

Posted by lookingaround > 2014-10-14 22:49 | Report Abuse

Mistake on my previous calculation.


Old: (assumption based on listing of OR and Warrant not entitled for bonus)
1. Existing share - 230m
2. After 1:5 bonus - 46m
3. OR - max 286m
4. Warrant - max 57m
5. ICUL 289m unit, after conversion - max 212m
Total shares after OFS & rights & warrants & bonus - around 830m shares.


New: (assumption based on listing of OR and Warrant entitled for bonus)
1. Existing share - 230m
2. OR - max 286m
3. After 1:5 bonus - 103m
4. Warrant - max 68.7m
Total shares after rights & warrants & bonus less ICUL - 687m shares.
5. ICUL 289m unit, after conversion to ordinary share - max 212m
Total shares after rights & warrants & bonus & all ICUL conversion - 900m shares.


Another coming 600m shares to achieve 1.5b shares target.

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

Conversion price of ibhd-lb oat 0.68. What does it actually mean? If i have 10000 unit of ibhd-lb now and i exercise the conversion.. How many units of ibhd mother shares can i get after the conversion?

Posted by lookingaround > 2014-10-15 07:29 | Report Abuse

ttmmww, currently each ibhd-lb price* is 0.50.
To convert into one ordinary share, 0.68 of price* equivalent is required, therefore 1.36 ibhd-lb will be able to convert to one ordinary share. (0.50 X 1.36 = 0.68)

*The price is the given value, not the price of open market.

To make it easy, forget the 0.68 conversion price.
Just divide all your shares by 1.36 for the amount of conversion.

ttmmww, for your case of 10000 ibhd-lb, you will get:
10000 / 1.36 = 7352.94 unit of ordinary share

Not sure how they will do with the odd lot units.

Posted by ttmmww > 2014-10-15 08:20 | Report Abuse

Get it. Thx lookingaround :)

Posted by Dylan1027 > 2014-10-15 16:56 | Report Abuse

hopelessss..

Posted by bravoUp > 2014-10-15 17:09 | Report Abuse

No surprise......it already mention in prospectus NTA below 69 cent after the whole exercise.

Posted by lclwyp > 2014-10-15 18:33 | Report Abuse

all burnt except the seller

Posted by Kelvin Fook > 2014-10-16 00:20 | Report Abuse

so should I sell the LB now or just wait until the price
rebound?

Posted by Nn77 > 2014-10-16 09:07 | Report Abuse

智者的祈示！

http://klse.i3investor.com/blogs/newcoldeye/17562.jsp

Posted by Ahmad Muzamil Ahmad Murad > 2014-10-16 10:16 | Report Abuse

Haven't finish with this LB isue aah? Haiya. I rather focus on mother share at lower price now.

Posted by Teo Cher Ming > 2014-10-16 15:20 | Report Abuse

just got the form from my broker:A processing fee of RM20.00 per Securities Account shall be payable to Tricor Investor Services Sdn. Bhd. for debiting the ICULS and crediting the New I-Berhad Shares.

Posted by rlch > 2014-10-16 22:01 | Report Abuse

Why avg TP RM4.13 still no change? Look very high. Buy.

Posted by bravoUp > 2014-10-17 14:30 | Report Abuse

haha....buying share but talking about save rm20.

Posted by gick891214 > 2014-10-18 17:26 | Report Abuse

is it any value or not, if i am buying warrant?

Posted by beso > 2014-10-19 16:01 | Report Abuse

free warranty also not help, average all still losing money, big boss take it all, damn it

Posted by gick891214 > 2014-10-20 18:50 | Report Abuse

any target price on this stock?

Posted by homosapien > 2014-10-21 21:54 | Report Abuse

hi ,may i know how much is the NAV now after the corporate exercise?
i am noob , dont know how to count. the corporate exercise is too complex for me.

Posted by homosapien > 2014-10-21 21:55 | Report Abuse

and how much is the PE now...?
thanks.. any sifu can help?

Posted by Nn77 > 2014-10-24 11:18 | Report Abuse

homosapien , this counter just only buy in for long term ( 1 year - 2 year )
without T3 T4 ~ means CONTROL (Day Trade)

Posted by Nn77 > 2014-10-24 11:27 | Report Abuse

Better look of this about IBHD (financail)
http://markets.ft.com/research/Markets/Tearsheets/Summary?s=IBHD:KLS

Posted by dragonsix > 2014-10-25 16:57 | Report Abuse

Sleep.

Posted by dragonsix > 2014-10-25 16:57 | Report Abuse

Friend is gone.

Posted by dragonsix > 2014-10-25 16:59 | Report Abuse

Sleep on.

Posted by dragonsix > 2014-10-25 17:00 | Report Abuse

Sleep now as your friend is gone.

Posted by dragonsix > 2014-10-25 17:01 | Report Abuse

U will hv to.

Posted by dragonsix > 2014-10-25 17:01 | Report Abuse

Find new ways.

Posted by dragonsix > 2014-10-25 17:02 | Report Abuse

Can u?

Posted by dragonsix > 2014-10-25 17:02 | Report Abuse

Can u figure.

Posted by dragonsix > 2014-10-25 17:02 | Report Abuse

Figure a new way.

Posted by dragonsix > 2014-10-25 17:02 | Report Abuse

Figure a new way out?

Posted by dragonsix > 2014-10-25 17:03 | Report Abuse

Way out & way up?

Posted by Stockker > 2014-10-25 17:18 | Report Abuse

Very well connected. Interesting for long term.

Posted by SP0094701 > 2014-10-27 12:45 | Report Abuse

Aiyoo...new share is coming for 0.69 tommorow will down again...

Posted by pfhong > 2014-10-27 12:57 | Report Abuse

SP0094701, why tomorrow down again?

Posted by Ahmad Muzamil Ahmad Murad > 2014-10-27 13:00 | Report Abuse

Its not down... rather to say price will tanked around 0.69 to 0.70. total 450mill plus ICULS is there to support price even if market is going down overall.

Posted by SP0094701 > 2014-10-27 13:40 | Report Abuse

Ok all sifu ... got your information ... hope up up the way ... all are waiting so long since offer .... another round way to rm3 ....hahhahahha

Posted by drkervokian > 2014-10-27 16:16 | Report Abuse

they are connected yes. To Khalid the preview MB.
now Khalid out, the only connection left is Sultan Selangor. But note that the chairman is darn close to previous Sultan Selangor. Whether still close to current son... anybody's gues

Posted by gick891214 > 2014-10-27 18:55 | Report Abuse

upupup :)

Posted by lclwyp > 2014-10-27 19:52 | Report Abuse

Bravo88, just call up Share registrar Tricor & ask to email over form. Complete form & pay RM20 admin fee for conversion.

Posted by Teo Cher Ming > 2014-10-27 20:37 | Report Abuse

6 sen more to break even will it go up to 80sen?hmm

Posted by Forever > 2014-10-28 14:38 | Report Abuse

Final escape this week.

Posted by sharizal78 > 2014-10-29 07:53 | Report Abuse

how this stock, still have hope?

Posted by traderman > 2014-10-29 11:15 | Report Abuse

not really. avoid property stock

Posted by sharizal78 > 2014-10-29 17:15 | Report Abuse

nice warrant :)

Posted by tjhldg > 2014-11-01 00:15 | Report Abuse

kikikikikiiiiiii ... simpan lagi 1 bulan tengok :)

Posted by Tonto > 2014-11-01 09:56 | Report Abuse

Tj.....why son very strong....?? Mother can rally further ...no?