AEON CREDIT SERVICE (M) BHD

KLSE (MYR): AEONCR (5139)

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Last Price

6.80

Today's Change

-0.05 (0.73%)

Day's Change

6.80 - 6.86

Trading Volume

205,900


7 people like this.

2,429 comment(s). Last comment by 1288Go 1 month ago

KClow

1,317 posts

Posted by KClow > 2017-08-11 15:56 | Report Abuse

I bang bals now.

KClow

1,317 posts

Posted by KClow > 2017-08-11 15:59 | Report Abuse

All u fellas here curse me so much. My share price down like sheet

KClow

1,317 posts

Posted by KClow > 2017-08-11 16:08 | Report Abuse

Now looking at price right will be negative 0.2895 ...ahahaha

KClow

1,317 posts

Posted by KClow > 2017-08-11 16:09 | Report Abuse

WTF is this for real ah. U hold aeoncr u got to pay ur broker on 16th extra money? Sure ah?

KClow

1,317 posts

Posted by KClow > 2017-08-11 16:10 | Report Abuse

Ikan bilis better sell wor.

KClow

1,317 posts

Posted by KClow > 2017-08-11 16:11 | Report Abuse

Dont worry my japonese frens. I will buy. Buy buy buy.

smartly

6,441 posts

Posted by smartly > 2017-08-11 16:20 | Report Abuse

lim CH, TQ :)

KClow

1,317 posts

Posted by KClow > 2017-08-11 16:24 | Report Abuse

Thank u. Ikan bilis. Ahahaha

grateful_

45 posts

Posted by grateful_ > 2017-08-13 21:51 | Report Abuse

RM 10 good price to buy.

Freeeasy

35 posts

Posted by Freeeasy > 2017-08-14 09:13 | Report Abuse

Stop sell now...it will affect iculs opening price..alot ppl is waiting cheap share from those who dont really know future potential of this stock

Freeeasy

35 posts

Posted by Freeeasy > 2017-08-14 09:30 | Report Abuse

This iculs will dilute after maturity mean after 3 years. In financial fundamental is 0% affected.

Freeeasy

35 posts

Posted by Freeeasy > 2017-08-14 09:32 | Report Abuse

After exercise price declared. Mean, aeoncr price hold higher will benefit all existing share holder.

Freeeasy

35 posts

Posted by Freeeasy > 2017-08-14 10:04 | Report Abuse

Aeoncr easily hit rm16 half year later...if ppl really urgently need cash.... no choice.....y invest aeoncr for short term...

KClow

1,317 posts

Posted by KClow > 2017-08-14 11:44 | Report Abuse

No no ikan bilos sell lor. Big fish will.buy. aeon japang aldy oqn 60 percent after this sure own 75percent and can privatize at rm50. Ahahaha. Ikan bilis sure lose money. Next time play penis stock. Plzzzz

KClow

1,317 posts

Posted by KClow > 2017-08-14 11:45 | Report Abuse

Big fish buy aeoncr fast fast before too late.

bjaya

269 posts

Posted by bjaya > 2017-08-14 15:26 | Report Abuse

To subscribe the Iculs is a form of hedging on future price increase; much the same as airline's forward purchase of their fuel requirement. Of course the outcome can go either way. One pays RM 10.99 + RM 1.00 to lock in the mother share's price 3 years down the road. In view of the potential of Aeoncr, it is a portfolio worth locking in.

jkhoo99

33 posts

Posted by jkhoo99 > 2017-08-14 15:43 | Report Abuse

You don't pay rm10.99+rm1 for the share. You subscribe to the ICULS at rm1 and you can convert 10.99 of your ICULS to the mother share when you like from issued date to 3 years time.

KClow

1,317 posts

Posted by KClow > 2017-08-14 15:49 | Report Abuse

Enough fighting here la u people. Talking kok. Talk.about the.company stop.talking kok.about this exercise lor

KClow

1,317 posts

Posted by KClow > 2017-08-14 15:50 | Report Abuse

No free lunch.this exercise not meant to make or lose money. GET IT. GEY IT.

KClow

1,317 posts

Posted by KClow > 2017-08-14 15:55 | Report Abuse

Buy going to rm20

KClow

1,317 posts

Posted by KClow > 2017-08-14 15:55 | Report Abuse

Faster buy buy buy aeoncr

bjaya

269 posts

Posted by bjaya > 2017-08-14 16:37 | Report Abuse

Correct correct correct buy buy buy !

Posted by SpaceNeedle > 2017-08-16 07:38 | Report Abuse

Alex, you can sell the right starts today.

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-08-16 09:50 | Report Abuse

now i have 1600 AEONCR-LR. Do i have odd lot situation? If yes, what should i do?

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-08-16 10:00 | Report Abuse

i think i start to get it

meaning 1600 / 10.99 = 145.58 shares = odd lot right?

so i can push to....

2198 / 10.99 = 200 shares

so, i need to buy 2198 - 1600 = 598 = 600 AEONCR-LR now....

then i pay RM2,198 to subscribe for AEONCR-LR......

so that in between or until the end of 3rd year, I can convert it to 200 mother shares of AEONCR.

Alex correct?

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-08-16 10:03 | Report Abuse

how to calculate the intrinsic value of AEONCR-LR as of today?

CharlesT

14,953 posts

Posted by CharlesT > 2017-08-16 10:07 | Report Abuse

Better sell LR now....it's trading at RM0.33 premium (RM1.20X10.99=Rm13.19 minus RM12.86)

smartly

6,441 posts

Posted by smartly > 2017-08-16 10:08 | Report Abuse

if you have 1600 aeoncr-lr means no odd lots.

huat888

514 posts

Posted by huat888 > 2017-08-16 10:16 | Report Abuse

Conversion: seems no cash involved. Please read the Prospectus 2.3 -2.5.

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-08-16 10:17 | Report Abuse

ic...then? pay RM1,600? Then how many mother share can i get next time?

sharegain

45 posts

Posted by sharegain > 2017-08-16 10:18 | Report Abuse

Base on mother share price of 12.80, the theoritical LR price shall be 12.80/10.99-1.00 = 0.165.
It is overvalue now at 0.21

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-08-16 10:21 | Report Abuse

ok...sold d.....i tot works like normal rights issue whereby i need to fork out money to convert. It's ok la, i play mother share only =)

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-08-16 10:22 | Report Abuse

aeoncr is a good company. Japanese management

CharlesT

14,953 posts

Posted by CharlesT > 2017-08-16 10:24 | Report Abuse

Aeoncr-LA is not a good proxy play as it can only be converted into mother share by 10.99LA (no cash required). Kind of like SPSetia-PA.

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-08-16 10:27 | Report Abuse

ic...tq charles hehe....where u been these while? u no play hrc?

smartly

6,441 posts

Posted by smartly > 2017-08-16 10:44 | Report Abuse

CharlesT is correct. better sell lr as it is not worth anymore since mother is trading at 12.62 now...

smartly

6,441 posts

Posted by smartly > 2017-08-16 10:47 | Report Abuse

LR is overprice !!!

huat888

514 posts

Posted by huat888 > 2017-08-16 11:04 | Report Abuse

LR trading period : 16 - 27 August

KClow

1,317 posts

Posted by KClow > 2017-08-16 11:46 | Report Abuse

Buy aeoncr. Its going to rm20 soon. Lr going up.cos big fish buying lor. They want increase holding to 75percent then privatise at rm50 3 to5 years down the road

Posted by SpaceNeedle > 2017-08-16 12:08 | Report Abuse

We get LR (right) now. We can then buy LA (ICULS) with RM1 each. After we have LA, we have option to convert this LA to mother share (no cash involved) anytime from day 1 to 3 years time. After 3 years, all remaining LA will auto convert to mother share.

LR or later LA most probably will have premium (over price) because these financial derivatives have gearing ratio to their mother share. For instance you can now see the Aeoncr rose from RM12.44 to RM12.60 (+1.2%), but the Aeoncr-LR has risen from RM0.13 to RM0.20 (+53.8%). So over price is acceptable in this case.

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-08-16 12:40 | Report Abuse

ic...then it seems no difference subscribing to LR/LA....coz after all we already commit capital since day 1....

if i buy mother only, after 3 years, i can pocket capital gain also
if i buy LA only, after 3 years, i am forced to conversion to mother. I will realise capital gain also.

Correct me if i'm wrong. LR/LA exercise is mainly to fund AEONCR. That would increase share base of AEONCR by 15%. Somemore AEONCR need to pay 3.5% coupon for these stuffs....

But with more monies now, AEONCR is in better position to utilize proceeds for expansion purpose, hopefully leading to better ROE.

KClow

1,317 posts

Posted by KClow > 2017-08-16 13:04 | Report Abuse

So much ANALysis ah? Just buy only dont talk so.much lor

KClow

1,317 posts

Posted by KClow > 2017-08-16 14:01 | Report Abuse

All fees apply. Only free is if u tafikai in ur own hse or condo bathroom. Rest all got fees ler.

Jia Jiun

44 posts

Posted by Jia Jiun > 2017-08-16 14:10 | Report Abuse

How long can I hold AEONCR-LR if I plan to sell it soon? within this 3 years?

tiow

37 posts

Posted by tiow > 2017-08-16 16:28 | Report Abuse

LR is valid until next Friday, 25 Aug 17 only...

Posted by SpaceNeedle > 2017-08-16 16:46 | Report Abuse

Alex, as an investor if you are confident with the company future performance. Invest in lr/la will make higher return as these derivatives are leveraging as mentioned before. On the other way, it will make more loss if it performs not good. So there is still difference between them.

For company management, yes they issue loan stock to raise fund for capex to grow business.

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-08-16 16:47 | Report Abuse

@space

is it? i dunno...can give a calculation example?

i now hold 800 mother share. I'm confident with japanese management.

Posted by SpaceNeedle > 2017-08-16 19:14 | Report Abuse

Use LR=(Share price-10.99)/10.99

evelygtc

11 posts

Posted by evelygtc > 2017-08-16 19:28 | Report Abuse

What is the fair price of AEONCR. I want to buy, but at what price? Can any experience investor advise me?

CharlesT

14,953 posts

Posted by CharlesT > 2017-08-16 21:41 | Report Abuse

Wrong...10.99LA to b converted into one mother share...no cash required

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