If u buy la now at 0.39 and want to convert to mother, u need to pay addition 0.5. Your total cost is 0.89. If no need pay addition 0.5, everybody also want to convert.
Periodic Profit Payment of 5% per annum calculated on the nominal value of the Redeemable Convertible Unsecured Islamic Debt Securities ("RCUIDS") for the period from 24 December 2016 to 23 June 2017. Kindly be advised of the following : 1) The above Company's securities will be traded and quoted "Ex -Profit? as from: 29 May 2017 2) The last date of lodgment : 31 May 2017 3) Date Payable : 23 Jun 2017 Remarks: This entitlement is Loan Stock Profit in respect of the RCUIDS. The RCUIDS entitlement percentage is 5% per annum. The Ex-date is 29 May 2017.
More LA conversion meant, besides strengthening the balance sheet of the company, also further reduced supply of LA. With less number of LA, the chances of it going up as compare with the shares is even higher now given its attractive interest yields !!!
LK036...kenapa tak percaya? No need to pay anything besides processing fee around RM21.20 + bank charge of RM0.53 for the processing fee cheque (both inclusive GST) per conversion. Not everyone wants to convert now because LA pays interest of 2.5sen (at current mother price of 39sen =6.4% yield), whereas mother pays (if any) negligible dividend. In fact I find it strange that there are some who converted at this early stage. Unless the price difference between mother and LA is bigger then no point converting in the hope of making that extra 1 sen
Agreed with James Pond..after studied the LA last nite i found it very attractive with the interest paid half yearly which the yield is match the ASB of ard 6%..time to collect..hihi
Just take a break before go higher,its might continues to the uptrend with strong buying support...First resistant level 0.395-0.475.Trade at your own risk.
Bro, market no always going up, it is in the mid of correction. You can pm me then i will tell you why i know this. Only strong and earning stock like hiaptek can survive in this storm.
Iphone7 thank you for your negative comments. Thanks to you I bought more every time you said the stock will drop further and this was when WB dropped as low at 11-12 cents.
I already sold and Im sure a lot of people also did as its more than 50% gain already
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....
csan
436 posts
Posted by csan > 2017-07-03 18:32 | Report Abuse
erie, correct. always read the terms first.