Aeon Credit is a finance co, so excess cash should rephrase as equity/capital, this new equity would be used to buffer its CAR, as current their CAR is at 19.5% vs minimum of 16% stipulated by BNM, if they don't raise capital, their future growth would be quite limited....every 1 dollar increase in capital, would enable 5 or 5.5 dollar increase in their financing receivables [based on CAR's 19.5% as assumption].
Thx Alex, u re too humble, I just happen to know this sole business well, as been holding it for a very long time, while you have a greater knowledge and experience in a lot more companies..
Thx for sharing guys, aeoncr credit card offers 6x entry to klia premium lounge, this shud boost its sales. Let's hang on to it and let the team work their magic
If price before announcement of news was RM13.20 x 247.4million shares = RM3.265bn value forCompany. We minus off RM96million = RM3.168.68/247.4mil shares = RM12.81 per share... Now at RM12.92 is not far off isnt it. Just a temporary setback.
5139 AEONCR, AEON CREDIT SERVICE (M) BHD \ - \ + \ Additional Listing Announcement 14 Dec 2017, 12:15 Additional Listing Announcement 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Conversion of Loan Stocks Details of corporate proposal : Conversion of 3-year, 3.5%, Irredeemable Convertible Unsecured Loan Stocks to Ordinary Shares No. of shares issued under this corporate proposal : 62,901 Issue price per share ($$) : 10.9900 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 247,802,260 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 501,519,305.420 Listing Date : 15/12/2017 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
manage to get 12.9. I am not sure tmr how far it fly, but for sure above 13.1, as there a news that, Today DJ second wave to recover the index composite. Ytd First wave is not strong enough, it is due to someone profit taking.
You guys should probably know that AEONCR will not be able to enjoy the 0.25% OPR rate increase as their loans are fixed rate. However, some of their borrowing is in RM, and will kena additional 0.25% cost though.
Dragonpick Let Petronm stablise for the time being and you will see the hidden super powerful reward it will bring later on the back of its :
1. Healthy and debt free B/S; 2. Strong net cashflow; 3. Steady biz growth; 4. Higher dividend payout; 5. Attractive P/E < 10; 6. Opening more retailing petrol stations; 7. Prudent and quality management team; 8. On the radar of Public Invest and RHB Invest. 23/02/2018 13:38
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....
Alex Foo
12,594 posts
Posted by Alex Foo > 2017-11-20 10:24 | Report Abuse
yes