Posted by MClove > 2014-09-12 12:52 | Report Abuse

cpchan,

IBHD-OR is a right issue where it is a tradable share for maybe a week time and if someone did not buy mother share before ex. They can buy from IBHD-OR. If IBHD-OR is trading at 0.71 and they went through the subscription. Then they have to pay 0.71 + 0.69 = rm1.4 per lot of right issue. Later, this right issue will be included in the mother share. Therefore, there is a fixed cost at 0.69 for ibhd-or when it starts to commence and whatever price on ibhd-or will be an added cost.The person who subscribed will also get 1 free warrant for 5 shares subscribed.

Because you bought before ex, then only you are allow to buy the mother at discounted rate of 0.69.

If you have no intention to subacribe to both right and ICULS. Then you can treat these entitlements as free. Meaning your if you hold 4000lots mother b4 ex, you will have free 5000 share of right and free 20000 of ICULS.

Posted by MClove > 2014-09-12 12:59 | Report Abuse

MClove: Thanks for the details explanation just now. Well, just to sum up again based on your explanation just now. If I choose not to subscribe, meaning I will give up my mother shares of 4000. And at the same time on Sept 15, I would have 5000 right share to sell, and another 20000 of ICULS (Converted from my mother shares?). Does it work this way?

In short, these 4000 mother shares automatically give rise to 5000 right share + 20000 ICULS, and if we sell these 5000 right shares + 20000 ICULS, our 4000 mother shares would no longer exist in our hand? Correct me if I am wrong.

Thanks again - I am still a newbie though, haha.

Hi cpchan,

Your are almost right. But your 4000 shares of mother is still in your hand if you dont sell it.

Your below statement is correct.

In short, these 4000 mother shares automatically give rise to 5000 right share + 20000 ICULS.

Posted by cpchan > 2014-09-12 13:07 | Report Abuse

MClove: Quoting your statement: "Your are almost right. But your 4000 shares of mother is still in your hand if you dont sell it."
So does it mean that if I sell my 5000 right shares + 20000 ICULS, my 4000 mother shares are not affected?

Thanks again. By the way, what's your view on this I Berhad? Seems like they are a bit only localised in Shah Alam area.

Posted by MClove > 2014-09-12 13:24 | Report Abuse

yes. Your 4000 mother will not be affected even if you sell your right and iculs. You should be able to see it in ur account.

Im neutral on this share. They are offering bonus issue of 5 for 1 at 0.5 cents after this. So there will be another round of dilution. These entitlements need a lot of bullets.

Posted by cpchan > 2014-09-12 13:56 | Report Abuse

MClove: Thanks a lot for the much valuable info! :)

Posted by tbk78 > 2014-09-12 16:00 | Report Abuse

MClove: RM0.39 for LR (assumption)
Meaning you can use 1360 shares of ICULS to get a 1000 share of mother without topping up.

How the calculation would be like converting to mother share?

Posted by SP0094701 > 2014-09-12 16:28 | Report Abuse

I BHD GIVE BONUS TODAY MENTION

Posted by drsaham > 2014-09-12 17:09 | Report Abuse

Will slowly go up toward end of the month due to bonus share

Posted by MClove > 2014-09-12 17:12 | Report Abuse

tbk78,

Using your example 2000 shares of ICULS,

Calculation as below:-
100/136*2000 = 1470 mother share

Posted by SP0094701 > 2014-09-12 17:13 | Report Abuse

have one question did right issue share also entitle for the bonus share ... bonus share ex on 10.OCT 2014 and entitle on 14 oct 2014 and right share also trading on 14 oct 2014 ????

Posted by belkg > 2014-09-12 17:37 | Report Abuse

Ex on.10/9 buy ln aft ex not entitled for any warrant or loanstock
But mother share price atractive can buy more

Posted by abcdefg123 > 2014-09-13 15:29 | Report Abuse

Yes, you are right. You can sell the right away if you do not want it.
The pricing of the right or loan stock is unknown, I read some research article and they mention

0.76 for OR
0.39 for LR

But dun think will be that high. This is just for reference.

hi mr MClove
so do you think the OR and LR what price to sell then only fair to ikan bilis like me ,say ibhd still 125 on monday . thanks

Posted by tonylim > 2014-09-13 18:17 | Report Abuse

SP no. I checked already your rights shares will only be.listed on 14th October after the ex date of bonus shares on 10th ocotber. So there will be another round of theoretical share price adjustment.

Posted by SP0094701 > Sep 12, 2014 05:13 PM | Report Abuse

have one question did right issue share also entitle for the bonus share ... bonus share ex on 10.OCT 2014 and entitle on 14 oct 2014 and right share also trading on 14 oct 2014 ????

Posted by SP0094701 > 2014-09-13 19:17 | Report Abuse

Thanks tonylim

Posted by Ibhd > 2014-09-13 19:19 |

Post removed.Why?

Posted by tonylim > 2014-09-13 23:54 | Report Abuse

.... So there will *not be another round of theoretical share price adjustment....

Posted by tonylim > 2014-09-13 23:57 | Report Abuse

TJJJJ, knn lu ho seh liao including kikilala, M&M and your maid Mary.

Big offer of the iculs. The iculs conversion is 68 sen nominal value, any time, without any cash top up.

Ti gong tia gong lang

Posted by tjhldg > 2014-09-14 02:24 | Report Abuse

kikikiii .. tony pun ada , congrat la ..hahahahah thanks thanks ... tj ti gong kia lai ma
for the bonus issue ... those who paid for the OR aeh .. entitled la ... wa explain kat wa punya siau lang keng liau la , u pi 66cc la then faham la .. Sep 14, 2014 01:31 AM aeh posting la
wish all here huat huat huat 888 kali la ... cheersssssssssss

Posted by tjhldg > 2014-09-14 02:29 | Report Abuse

for

0.76 For OR ( base on IBHD 1.25 )
= priced in warrant at premium 115.2 % .. high bo ? wa rasa high la ,wish mr market
agree la

For 0.39 for LR
= priced in ibhd at 1.2104 now is 1.25 , but discount the unseen uncertainty during the process is
quite fair juga .. wish mr market giv higher la
14/09/2014 02:28

Posted by Jokerforever > 2014-09-14 10:11 | Report Abuse

For the mother share price of 1.25.. OR should worth 62sen and LR should worth 41sen

For OR calculation: 1.25-0.69 = 0.56 but it should add the warrant price as well.. Assume warrant worth 30sen.. Then 30/5= 6 sen... 56sen+6sen = 62 sen.. Any price blow 56-62 sen is a good buy as arbitrage opportunity occurs..

LR calculation in this stage.. We should use 136 iculs to 100 mother shares instead of topping up 68sen.. In the price of 1.25, a LA should worth 91 sen ( 1.25 x 100/136).. So LR should worth 41sen (91sen - 50 sen).. Therefore if u got extra cash to buy LR to convert it into LA, below 40sen is a good buy to earn arbitrage.. However many people will throw the LR as it is costly for them to buy the LA

Posted by abcdefg123 > 2014-09-14 11:51 | Report Abuse

for details , those who interested , can visit page 579
itchy itchy kaki judi
http://klse.i3investor.com/servlets/forum/900772968.jsp

from Posted by tjhldg > Sep 14, 2014 01:31 AM | Report Abuse ,
to Posted by tjhldg > Sep 14, 2014 02:18 AM | Report Abuse .

Posted by drsaham > 2014-09-14 13:22 | Report Abuse

More buying volumn will be in next two to three weeks before bonus share ex date

Posted by Steven Tan > 2014-09-15 09:23 | Report Abuse

LR is hovering around .155 to .185 today... what's the TP?

Posted by Tiago GT > 2014-09-15 09:38 | Report Abuse

ibhd lr....super cheap....attack now

Posted by terraformer > 2014-09-15 09:41 | Report Abuse

Tiago, what should I do with the LR ?

Posted by Tiago GT > 2014-09-15 09:44 | Report Abuse

ibhd is a good company....will rise bck very fast

Posted by Steven Tan > 2014-09-15 09:46 | Report Abuse

i got LR at 0.18 leh.noq 0.155...

Posted by lbj007 > 2014-09-15 09:48 | Report Abuse

Mr Jokerforever, your clever calculation LR 41c, OR 62c,and now LR15 OR 43!!! please dont simply post in future. Thank you very much

Posted by Steven Tan > 2014-09-15 09:50 | Report Abuse

should I cut loss ? aduh...

Posted by kamal788 > 2014-09-15 09:50 | Report Abuse

hanya 2minggu aja ...ibhd lr akan hilang ...risiko kalau beli

Posted by kamal788 > 2014-09-15 09:52 | Report Abuse

last trading on 22 okt for lr

Posted by alibabacoming > 2014-09-15 09:53 | Report Abuse

sell better

Posted by chiongster1234 > 2014-09-15 09:55 | Report Abuse

SEll mother , BUY LR, gogogogo!!!!

Posted by stockcrazy > 2014-09-15 10:13 | Report Abuse

0.14isthe best time to buy......
yeah....i just bought 10,000 lot at 0.14....

Posted by Jokerforever > 2014-09-15 10:13 | Report Abuse

What I count is correct.. The huge drop is because many people couldn't get those money for subscription so they got no choice but to sell it.. Whoever got money will laugh to bank after the subscription..

Posted by AK2899 > 2014-09-15 10:13 | Report Abuse

how many LR can convert into how many LA or ??

Posted by amason > 2014-09-15 10:32 | Report Abuse

safe buy is the mother share ..... very attractive at 1.21...can buy now

Posted by Ahmad Muzamil Ahmad Murad > 2014-09-15 10:57 | Report Abuse

Hi Mclove.... I need your assistance to clarify this.

I do not have mother share before ex-date. Now today 15/9 I bought IBHD-LR at 14 cent (30000 unit)

If I opt to convert this to mother shares... what is my additional cost? How many mother shares I will get?

When could i exercise my LR? anytime after this 2 weeks ?

Is it 1 time conversion or first I need to convert it to right/warrant. then convert again to mother shares?

I'm not sure on that really new to right & warrants.

Really hope someone could explain me this.

Posted by alibabacoming > 2014-09-15 10:59 | Report Abuse

sell and cut loss if you not sure this complicated LR, confusing plus con company to gather more cash i believe:)

Posted by huat888 > 2014-09-15 11:06 | Report Abuse

IBHD-LR allow to subscribe to IBHD-L at Rm 0.50. After IBHD-L listing, can convert to IBHD share at Rm 0.68.

Posted by alibabacoming > 2014-09-15 11:10 | Report Abuse

- Scenario 3. In the 3rd scenario, investors can opt to realise profit by disposing the mother share and the subscription rights of the rights and ICULS issuance, post the ex-date of the entitlement without forking out additional cost of investments other than the initial capital invested of RM9.6k for 4,000 units of IBHD shares (must be owned prior the ex-date of entitlement of rights/ICULS). This scenario could reap a huge return of 81%.

Posted by huat888 > 2014-09-15 11:10 | Report Abuse

For 1000xIBhd-OR, require Rm 690 to subscribe and will get 1x1000 IBhd share + 200 IBhd warrant

Posted by kudamuda > 2014-09-15 11:12 | Report Abuse

Need to careful to take into the consideration of the huge number of LR and OR. Eventually the mother share value would be diluted enormously, if all these are converted. You won't enjoy mother share at 1.20+. Pessimistically, the mother share could even drop to below xx sen ????

what do you think?

Posted by Ahmad Muzamil Ahmad Murad > 2014-09-15 11:13 | Report Abuse

When will IBHD-L listed? Means that I need 2 time conversion :

IBHD-LR to IBHD-L : Conversion price RM0.50 then later

IBHD-L to IBHD : Conversion price of RM0.68

Is it?

Posted by kudamuda > 2014-09-15 11:17 | Report Abuse

worst senario, who ever get & stuck with the loan stock will only be rewarded with 2%~3% interest on the 2nd year onwards...

Posted by huat888 > 2014-09-15 11:18 | Report Abuse

IBhd-LR, last day to subscribe is 30/9/14. 1st is to subscribe to get IBhd-L with maturity period of 5 yrs. After 30/9/14, IBhd-LR is of no value and can't be traded. 2nd is conversion from IBhd-L to IBhd anytime within the 5 yrs.

Posted by kudamuda > 2014-09-15 11:21 | Report Abuse

IBHD-L to IBHD -> price is 0.68, but the face value of your IBHD-L is already 50sen. Meaning is kind of you need to top up 0.18. But, for conversion, what they use is your number of IBHD-L / 1.360 to get the actual IBHD mother. Most of the time, you end up with odd lots.

1000 IBHD-L, u get 735 IBHD (mother)

right?

Posted by huat888 > 2014-09-15 11:23 | Report Abuse

if propose is to get IBhd shares. Alternative is to buy Ibhd-OR and pay Rm 0.69 to subscribe to IBhd b4 30/9/14. One time and no conversion needed.

Posted by huat888 > 2014-09-15 11:27 | Report Abuse

Coming bonus for IBhd at 1 for 5 with ex-date 10/10/2014. The Right share will be entitled to this bonus issue

Posted by huat888 > 2014-09-15 11:28 | Report Abuse

For detalis of conversion, pls go to Bursa and read the prospectus.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1738657