Posted by gator > 2020-12-04 15:08 | Report Abuse

Agreed...will break and head north...my gut feel is it will be about 1.10 to 1.15 before ex ...and after ex date,it will adjust for bonus shares before flying again...

Posted by gongkia > 2020-12-07 08:44 | Report Abuse

focus on the business then :)

Posted by kokhwatee > 2020-12-07 10:15 | Report Abuse

All furniture counters drop, only HOMERIZ up. Within 3 days Ex-Date, price should drop back at least 20%. Take care everybody. May be earlier, before Ex-Date will drop till 0.9

Posted by new6868 > 2020-12-07 10:43 | Report Abuse

really??? better run fast fast.....

Posted by cksam > 2020-12-07 15:40 | Report Abuse

If those folks who are feeling negative about furniture stocks, i recomennend you all should liquidate all your stocks and go to vaccine stocks. I don't know with which furniture stocks your are comparing to. Liihen or Pohuat most probably. But unfortunately Homeritz is more corelated with it's peers like Jaycorp, Mieco and Pecca.

If you look at their performance since August all three of them has more than doubled their stock price. Whereas Homeritz was trading at around 0.65 in August have yet to double. In terms of financial performance and dividend payouts only Jaycorp is better than Homeritz.

So, i reckon there is still much room for Homeritz to go up. I am still buying this morning.

Posted by Ttttader > 2020-12-07 20:14 | Report Abuse

Cksam, agree. I also bought today

Posted by kens88 > 2020-12-07 22:48 | Report Abuse

What price are the free warrants worth? First time receive free warrants

Posted by kens88 > 2020-12-07 22:48 | Report Abuse

If sell, subject to broker fee also?

Posted by gator > 2020-12-08 11:06 | Report Abuse

Posted by kens88 > Dec 7, 2020 10:48 PM | Report Abuse

What price are the free warrants worth? First time receive free warrants

Kens88

Depends on closing price on 14th...If close at say 1.10, ex date price of mother would be 1.10 x 4/5 = 0.88, ...WC price less exercise price is 0.88-0.60 = 0.28 (ignoring premium)...premium can be 20% or 30%...however, assuming premium is 10% than about 0.31 c...

So depends on closing price and whether price will head north after adjustment...last time WB went up to 0.31 c on listing when mother was about 0.70 c...at exercise price of 0.54 c, premium was about 50%...

Posted by khawking914 > 2020-12-08 11:39 | Report Abuse

Gator, do u think current price of WB is tempting ? I realize it is no longer follow the pace of mother share & selling pressure. Your thought

Posted by gator > 2020-12-08 12:07 | Report Abuse

Posted by khawking914 > Dec 8, 2020 11:39 AM | Report Abuse

Gator, do u think current price of WB is tempting ? I realize it is no longer follow the pace of mother share & selling pressure. Your thought

Khaw,

Presently at 0.385 and mother at 1.03, it is in the money with a discount of about 10% so it is attractive, ... based on the 23 m units converted to-date, the adjusted exercise price is about 0.46 on ex date and assuming the adjusted price of mother is 0.88, it should still be in the money with a slight discount. However, I believe one should get additional WB on ex date so that should compensate for the lower discount. In the short term, it depends on closing price...tenure wise it has about 1.5 years, so if price holds than u can convert and sell to profit from any discount...but as we know prices are fickle and volatile...

Posted by Sky8020 > 2020-12-08 12:54 | Report Abuse

current homeritz-wb holder.. after bonus issues ex date.. will get additional warrant WB right?

Posted by kens88 > 2020-12-08 13:48 | Report Abuse

Thanks gator

Posted by gator > 2020-12-08 17:22 | Report Abuse

Posted by Sky8020 > Dec 8, 2020 12:54 PM | Report Abuse

current homeritz-wb holder.. after bonus issues ex date.. will get additional warrant WB right?

Sky...

If my reading of page 15 of the announcement is correct, than yes additional WB in addition to adjusted exercise price. Please read and verify yourself

https://www.bursamalaysia.com/market_information/announcements/company

Posted by member41 > 2020-12-09 13:29 | Report Abuse

today mum 110 nice

Posted by Kensington > 2020-12-09 14:49 | Report Abuse

Last day to buy cum bonus shares and warrants this Friday. People are buying in a frenzy this morning from 10.21am onwards in order not to miss the boat.

Posted by kingcruiseX > 2020-12-10 12:59 | Report Abuse

Next week, after bonus and free warrant issued, 14-16 will drop like hell, probably back to 0.92

Posted by mrcrab > 2020-12-10 13:37 | Report Abuse

good!!

Posted by Mrspeaker > 2020-12-11 07:32 | Report Abuse

drop like hell? you mean the price gets adjusted is it... the value is still the same

Posted by nataliesien > 2020-12-11 09:33 | Report Abuse

I think he means 0.92 before bonus issue, 0.73 after bonus issue. I held this counter since IPO and start selling it when 1.09-1.1 as well

Posted by Mrspeaker > 2020-12-11 11:26 | Report Abuse

ahhaha... unlikely, not now atleast. from a ta standpoint it looks more likely to reach a higher high first

Posted by Mrspeaker > 2020-12-11 11:30 | Report Abuse

around 1.15-1.2

Posted by Ttttader > 2020-12-11 22:21 | Report Abuse

Uptrend stock

Posted by narukisanta > 2020-12-12 11:21 | Report Abuse

Tomolo open price 0.825, within 1h should reach 0.855, then down to below 0.8, 18 Dec should at least below 0.72

Posted by valensi88 > 2020-12-12 11:29 | Report Abuse

Why below 072?

Posted by joe79 > 2020-12-12 12:54 | Report Abuse

wb holder will get no bonus. only strike price will be adjusted.

on monday homeritz mom reference price is 0.790.

Posted by Rational_investor > 2020-12-13 23:06 | Report Abuse

I have called up Tricor the registrar of Homeritz on Friday morning. The WB warrant price, exercise price, and number of warrant all will be adjusted after the mother share's bonus issue.

The number of WB warrant will be multiply by 1.25 (free WB warrant)
The WB price will be divided by 1.25 (RM 0.39/1.25 = RM 0.31, rounded)
The exercise price will be divided by 1.25 (RM 0.54/1.25 = RM0.43, rounded)
The exercise ratio remain the same
Even after the bonus issue of the mother share, the existing value of the WB warrant remains unchanged after the adjustment above. So it doesnt matter if you buy before or after the bonus issue.

For example:

Situation 1: Before bonus issue

buy 10,000 of Homeriz-WB = RM 0.39
Mother share price = RM 1.03
Exercise value = RM 0.54
Exercise ratio = 1:1
Premium: RM -0.10

If you convert all the warrants before bonus issue, it will be:
10,000 x RM 0.54 = RM 5400 for conversion
Cost of warrant: 10,000 x RM0.39 = RM3,900
Total cost = RM9,300 to get 10,000 of mother share worth RM 10300. Profit RM 1,000
The potential fair value gain for this warrant WB is RM 0.10/RM 0.39 = 25.64%


Situation 2: After bonus issue:

If you hold the warrant until the bonus share, it will be:
10,000 existing warrants + bonus 2,500 WB warrant = 12,500 warrants
New WB price = RM 0.31
New adjusted exercise value: RM 0.43
New mother share's price = RM 1.03/1.25 = RM 0.82(rounded)
Premium: -RM0.08
Cost of conversion: RM 0.43 x 12,500 = RM 5375
Value of 12,500 mother's share = RM 10,250
Profit: RM 10,250 - RM3,900(warrant cost price) - RM 5,375- (conversion cost) = RM 975
Potential fair value gain is RM 0.08/RM0.31 = 25.8%


CONCLUSION:
The fair value gain of the warrant are the same, regardless you buy it before or after bonus issue.
Slightly higher return after bonus issue due to rounding up effect of exercise price and mother share's price.

My advice is HUGE BUY since it is trading at 10.8% discount to mother's price.

Posted by klk666 > 2020-12-14 08:58 | Report Abuse

why mother only 0.785 after split?

Posted by valensi88 > 2020-12-14 09:33 | Report Abuse

The buy price before this also not been adjusted? Sobs

Posted by alvin1188 > 2020-12-14 10:02 | Report Abuse

yalo... why the mother price is not (RM1.03/5)*4 = 82.5sen? Why 78.5sen? Anyone knows?

Posted by bluebayou > 2020-12-14 10:06 | Report Abuse

free warrant C

Posted by papaxs > 2020-12-14 10:26 | Report Abuse

does this mean those with warrant shares gets nice profits once its converted to mother share?

Posted by papaxs > 2020-12-14 10:29 | Report Abuse

i didnt have CDS account when I spotted this counter..it was around 70-85cents at that time. the moment i have my account, its already RM1. is this the best time for me to buy?

Posted by gator > 2020-12-14 12:00 | Report Abuse

Probably good time to buy now. Should go up in few days...

Posted by gator > 2020-12-14 12:01 | Report Abuse

Posted by alvin1188 > Dec 14, 2020 10:02 AM | Report Abuse

yalo... why the mother price is not (RM1.03/5)*4 = 82.5sen? Why 78.5sen? Anyone knows?

Alvin,

I am also very puzzled...

Posted by andyvin07 > 2020-12-14 12:13 | Report Abuse

Me too....Mother share should open at RM0.825 based on Friday closing price of RM1.03....Hmmm???

Posted by andyvin07 > 2020-12-14 12:19 | Report Abuse

The notice said the Entitlement date should be 15 Dec. .. So the new price should reflect on 16 Dec right? Why today already adjusted to new price? Anyone have info?

Posted by tokohM > 2020-12-14 12:23 | Report Abuse

because today is ex-date, entitlement date is the date when registrar will notice who are entitled

Posted by alvin1188 > 2020-12-14 13:41 | Report Abuse

Anyone can answer why today the price is adjusted to 0.785, but not 0.825???

Posted by andyvin07 > 2020-12-14 13:56 | Report Abuse

2 issue here:
1) The adjustment should be RM0.825 but adjusted lower
2) The data of adjustment should be on Dec 15 but why adjusted today?

Posted by andyvin07 > 2020-12-14 13:58 | Report Abuse

Bonus issue of up to 93,753,102 new ordinary shares in Homeritz
Corporation Berhad ("Homeritz") ("Bonus Shares") on the basis of 1
Bonus Share for every 4 existing ordinary shares held in Homeritz at
5.00 p.m. on 15 December 2020 ("Entitlement Date")

Posted by alvin1188 > 2020-12-14 14:09 | Report Abuse

andyvin07, ex-date for bonus issue is today (14th), not 15th. So that is not an issue

Posted by joe79 > 2020-12-14 14:48 | Report Abuse

free warrant is not free after all. u need to calculate the adjustment too

Posted by joe79 > 2020-12-14 14:54 | Report Abuse

now u all got 825 rite? its correct.
then;

((0.825*4) + (0.60*1)) / 1+5 = 0.779.
rounded then become 0.785.

Posted by joe79 > 2020-12-14 14:56 | Report Abuse

after calculation, the warrant reference price is 0.16.

Posted by joe79 > 2020-12-14 14:58 | Report Abuse

@andyvin07, nothing wrong with the ex date sir. u will understand
the process after got some experience.

Posted by joe79 > 2020-12-14 15:02 | Report Abuse

assume your buying price is rm1.03;

mom should stay at 0.785,
warrant c should stay at 0.16.

then its break even. no profit or loss.

if one or both price below than this, u are losing money.

Posted by joe79 > 2020-12-14 15:05 | Report Abuse

look like panic selling occur. try to average down at lowest.
i think the price will back to normal in 1-2 weeks.

Posted by newbieinstocks > 2020-12-14 15:08 | Report Abuse

I'm quite confused with the adjustment.. is it a good buy for current price at 0.725?

Posted by kukubuaya > 2020-12-14 15:19 | Report Abuse

Liihen highest 4.86, now 3.99, down around 20%
Pohuat highest 2.06, now 1.76, down around 17%
Homeriz highest 1.11 or 0.85, if down around 17%-20% 0.68 - 0.705
SO now just drop back to reasonable price?