actually issuing bonus issue doesn't change the fundamental of a company's value, and it incur cost from shareholder to the investment bank. most importantly is growing of the company's market capitalization , but nevertheless , it might create impression to certain people that the share price cost RM 3 is cheaper than RM 15. personally , i rather them to declare more dividend than bonus issue.
When I said 1:5 it meant if you have 5 lots u get 1 and not the other way round, Patrick so yr assumption of $3 is far fetched. While I agree with you no value is created for the co. by issuing bonus & I too would prefer div. However at rm15 how many can but this share?Just like Panamy rm31+. You have to adjust to the Malaysian scene & mindset. If you take Inari as an example you will see that if you had held it from the time it was 70sen and with the several bonuses you will be laughing to the bank. So you have to adjust to yr surroundings.No offence meant just my thoughts
So are you the one who bought high? If yes and you are starting to doubt the share price as well as becoming worried. Then the Big Boss of AEONCR succeeded liao.. :)
Insiders knew the result was good, so they started buying since Nov 2016, that's why the share price had increased from RM13.24 to peak RM16.02. PUI!!!
FY17, IF eps=1.75, pe=10, that's 17.50 for AEONCR. FY18, assume that eps grow for 10%, eps=1.93, pe=10, that's 19.30 for AEONCR. If you enter at the price now (16.50), 19.30/16.50 = 16.9% + at least 3% dividend that's around 20% return for a year. Remember, that's only 10% of profit growth and PE10 for AEONCR.
(i) Proposed bonus issue of 72,000,000 new ordinary shares in ACSM (“Bonus Shares”) at an issue price of RM0.50 each on the basis of 1 bonus share for every 2 existing ACSM ordinary shares (“ACSM Shares”) held (“Proposed Bonus Issue”); and
(ii) Proposed renounceable rights issue of 3-year minimum 3.5% irredeemable convertible unsecured loan stocks (“ICULS”) on the basis of 2 ICULS for every 1 existing ACSM Share held to raise RM432,000,000 in cash (“Proposed Rights Issue”).
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....
stockmanmy
6,977 posts
Posted by stockmanmy > 2017-01-18 16:01 | Report Abuse
Up to thepresent moments, banks do not do motorcycle financing.....that is left mostly to the dealers themselves.
AeonCr moved into this area the last few years and doing very well
its another form of micro financing and AeonCr is the specialist.
AeonCr credit cards are growing very aggressively....Heard they give the best deals in town.