Posted by hng33 > 2013-10-18 16:50 | Report Abuse

Wau, closed at 1.88, 3 sen up..... smartly must very happy now :)

Posted by investor92229 > 2013-10-18 16:51 | Report Abuse

close 1.88...hmmm...

Posted by smartly > 2013-10-18 16:58 | Report Abuse

wow,,,, unexpected !!!
:) :) :)

Posted by smartly > 2013-10-18 16:59 | Report Abuse

got money can sapu 0.63 now...

Posted by hng33 > 2013-10-18 17:01 | Report Abuse

Suspect the 1.88 is not from YTL sbb, it could some other party try to mark it up. Will confirm later in the announcement.

Posted by denver > 2013-10-18 17:11 | Report Abuse

hng, have the same feeling, 1.88 does not seems to be the sbb from ytl. Wild guess for today's sbb ~100k lots... haha

Posted by Peter5151 > 2013-10-18 17:29 | Report Abuse

Make up the mother to 1.88, so that can sell the WB @0.63?

Posted by smartly > 2013-10-18 17:39 | Report Abuse

Peter5151, you may be right but don't care, as long as wb trading at discount. anything will do. :)

Posted by hng33 > 2013-10-18 17:55 | Report Abuse

Buyback 80% of today total volume, range 1.85-1.86, increase another 0.14% stake, cumulatively at 4.25% in treasury now.

Posted by hng33 > 2013-10-18 17:59 | Report Abuse

Peter5151

TA trader may want to mark up 3 sen to closed at 1.88 in order for chart look more convincing. Anyhow, soon or later YTLP need to increase bid also, let wait and follow next week.

Posted by Peter5151 > 2013-10-18 18:11 | Report Abuse

Just be aware, there are some ppl waiting to sale the WB.

Posted by hng33 > 2013-10-18 18:23 | Report Abuse

Peter5151

Its normal. TA trader mark up mum share and sell son at higher price to reap higher percentage gain.....Already happen last week...again and again it will happen again.... nothing to worry as most of the day volume range 70-80% is absorb by YTLP sbb everyday. Mum volume will become lesser everyday as only have accumulation by sbb, not take profit on strength nor distribution back to market, as all keep in YTLP treasury stock.

Posted by ruslimz > 2013-10-18 19:02 | Report Abuse

Announcement for AGM early nov. and meeting late Nov. This meeting include proposal for amendments to the articles of assocition of YTL Power. I think this to reduce par value from 50 sen to 10 sen and 40 sen capital repayment to shareholders.

Posted by hng33 > 2013-10-19 08:57 | Report Abuse

Seem YTL sbb get more coverage by local newspaper, thestar nowadays, already twice publish article relate to YTL sbb within these week.


Published: Friday October 18, 2013 MYT 5:44:00 PM
Updated: Friday October 18, 2013 MYT 5:46:09 PM

YTL Power buys back 9.7m shares for RM18.1m

KUALA LUMPUR: YTL Power International Bhd continued to buy back its own shares from the market, with the latest purchase of 9.706 million shares for RM18.10mil.

A filing with Bursa Malaysia on Friday showed it bought back the shares at prices ranging from RM1.85 to RM1.86.

The latest purchase increased its net treasury shares to 303.52 million shares or a 4.25% stake.

Posted by hng33 > 2013-10-19 08:58 | Report Abuse

ruslimz

If there is capital reduction and repayment, warrant exercise price will be reduce accordingly.

Posted by Lollipot Anison > 2013-10-19 10:29 | Report Abuse

sorry I'm new to this share but is privatization is happening? Is it still safe to enter? and between mother and son which is more worth to invest at the moment.

Posted by leek > 2013-10-19 21:15 | Report Abuse

It's more like preparing the privatisation... no point to have the capital reduction when they are keen to privatise it with share swap....

Posted by leek > 2013-10-19 21:22 | Report Abuse

with YTLP cash holding and EPS... fair value to privatise is between 2.20-2.40... and the privatisation should announce between price 1.90-2.00... not much incentive for the funds manager to buy the mother.... still ok to collect YTLP-WB as long as the price is below 0.80...

Posted by ruslimz > 2013-10-20 10:07 | Report Abuse

hng33

YTLP has announced going to amend articles of association during next AGM. What do you think of the this amendment ? I believe it will be reduction of par value and capital return of RM 400 per 1000 unit to share holders. It is a 21% return relative to current price. Than share swap will be between two companies of 10 sen par value...,,,

Posted by cgtan2020 > 2013-10-20 11:57 | Report Abuse

hng33 any price target for the WB next week?

Posted by hng33 > 2013-10-20 12:39 | Report Abuse

ruslimz

Its just one of the possibility. With the completion of its massive project 1 BestariNet and fully coverage of Yes Wimax throughout West Malaysia, YTLP capex is almost fully deploy, only left East Malaysia, in which YTLP will opt selective to cover only at dense populated area. It is time YTLP to bear low hanging fruit and gradually realize handsome profit. It 1BestariNet concession cover 5yer with extension under additions 5 + 5 year period, ensuring stream of income from lessening fee + maintenance and operation fees, about RM 500m pa.

The capital reduction via par value reduction, and subsequent repayment depend on whether YTLP no longer need huge capex in short term, have surplus of cash which if payout, can be build back via stream of income in future like cash cow. It could also due to the fact that YTL itself may need cash to tender HSR or other oversea venture like Airport, hotel resort etc or wanna to reward YTL shareholder with lump sum dividend, which Yeoh family entitle the most.

Posted by hng33 > 2013-10-20 12:43 | Report Abuse

ruslimz

However, capital reduction and repayment need to get court order and need at least 6-9 month to complete.....which i think may not suit FY style as his tend to wan quick business solution.

Posted by hng33 > 2013-10-20 12:47 | Report Abuse

cgtan2020

ok, lets give some prediction though i like longer term investment. Next week, YTLP: RM 1.90 and WB 66sen

Posted by cgtan2020 > 2013-10-20 20:38 | Report Abuse

hng33 Kamsia!!!

Posted by zamsaham > 2013-10-20 20:47 | Report Abuse

so hng33 - no need to do capital reduction, just give out SPECIAL DIVIDEND. That is good to go right?

Posted by ruslimz > 2013-10-20 22:38 | Report Abuse

if capital repayment, no price adjustment......if dividend , price will be adjusted.......which one is better??????

Posted by hng33 > 2013-10-20 22:45 | Report Abuse

zamsaham

Special dividend!? unlikely, YTLP has opt not to payout cash dividend already, instead, YTLP resume share buyback, so far already buyout more than 7.7% (inclusive 3.5% cancellation stake).

Posted by hng33 > 2013-10-20 22:51 | Report Abuse

ruslimz

1. If capital repayment, warrant price will be adjusted according.
2. If cash dividend, warrant won't adjusted, but will prompt warrant holder to convert for entitlement.
3. If privatize via share swap, both YTLP and WB will swap at certain ratio to YTL share
4. If privatize via cash, both YTLP and WB will entitlement for cash after taking into account conversion price, but no premium to warrant as it won't take into account time value for warrant lifespan.

Posted by leek > 2013-10-20 22:55 | Report Abuse

Ytl cement was 50c share too while it was privatised... no point to do capital repayment and pretty sure they won't use cash on any circumstances in this deal...

Posted by ruslimz > 2013-10-21 07:50 | Report Abuse

good...in two weeks time, may be we will know what is going to happen...

Posted by leek > 2013-10-21 09:15 | Report Abuse

YTLPOWER scenarios...

1) Best scenario, to get the project 3B award by this month or latest next month. The next TP will be 3.50-4.00. http://www.st.gov.my/index.php/applications/energy-efficiency/registered-electrical-energy-managers/134-english/tender/425-2000mw-coal-fired-power-plant-open-tender-shortlisted-bidders-pursuant-to-project-3b-pre-qualification-process.html

2) Second scenario, privatize at 2.20-2.30... YTL to keep the cash for the High Speed rail project between KL-SG.

Posted by leek > 2013-10-21 09:21 | Report Abuse

I mean... Best scenario... no privatization if they can get the Project 3B awarded...

Posted by hng33 > 2013-10-21 09:29 | Report Abuse

Project 3B is coal fire power plant, which i think Malakroff have upper hand due to its experience in exiting power plant, whereas, YTLP only have experience in operating gas fire power plant. However, YTLP may offer best and most competitive rate t add edge to win these project as it financial strength can afford slim margin and have urgency wanna to replace its expire power plant in 2015.

Posted by leek > 2013-10-21 09:34 | Report Abuse

Ya... some more they are facing the giants TNB and 1MDB

Posted by hng33 > 2013-10-21 09:38 | Report Abuse

Other competitor have their respective fincancial concern and laiden with high debt burden namely:

1. Malakroff: delay in listing and dispute over payment with Petronas and TNB)

2. 1MBD: Highest debt and only partial is secure and guarantee by Gov, needed capital to meet bond repayment and interest bearing cost erode cash flow. Urgently need listing.

3. TNB: As power producer and sole taker have been criticized by all IPP player due to monopoly status and unfair competition.

Posted by leek > 2013-10-21 09:42 | Report Abuse

Technically and financially YTLP should be able to get more IPP projects in Malaysia, but they are also facing backlash by certain group of people.... http://www.theedgemalaysia.com/highlights/258781-graft-watchdog-moots-rci-on-secret-deals-with-ipps.html

I'm willing to hold it until either news come out. :) :)

Posted by hng33 > 2013-10-21 09:50 | Report Abuse

I have contradict view, it is indeed a good news for YTLP. This is because YTLP exiting power plant concession is expire in 2 year time, Upon expire, these power plant in actual still able to generate power. If YTLP grant an extension even at much lower rate, YTLP is more than willing to accept it. No hassle to build another power plant which is skyrocket cost/ secure financing/ take another 2-3 year to compete....Just let YTLP continue use exiting power plant to generate power is much more cheaper, offer much more lower cost than any IPP as YTLP is willing to accept smallest profit slim upon expire concessionaire just like what Power seraya do in Sinapore. In the end, the most efficient power operator will stand out and win market share despite only enjoy 6-8% net profit margin

Posted by smartly > 2013-10-21 10:31 | Report Abuse

no sign of sbb yet.

Posted by smartly > 2013-10-21 11:28 | Report Abuse

when there is no sbb, the stock is like death fish.

Posted by investor92229 > 2013-10-21 11:33 | Report Abuse

sbb lai liao....

Posted by smartly > 2013-10-21 11:35 | Report Abuse

now sbb willing to take 1.87. :)
good sign.

Posted by smartly > 2013-10-21 11:38 | Report Abuse

still kacang putih sbb, wait for big sbb. :)

Posted by hng33 > 2013-10-21 11:38 | Report Abuse

Ya, sometime, TA trader have their edge to force YTLP sbb to speed up share buyback.

Posted by hng33 > 2013-10-21 11:41 | Report Abuse

If mum can stay at 1.88, WB should be more convincingly to catch up.

Posted by smartly > 2013-10-21 11:41 | Report Abuse

obviously sellers become less already, most of them prefer to offer higher price at 1.90.

Posted by smartly > 2013-10-21 11:46 | Report Abuse

who knows, maybe toward last minute, some other party trying to sabotage sbb by buying up another 2c up. :)

Posted by come2winner > 2013-10-21 11:48 | Report Abuse

Just wondering when will YTLP sbb reach 10% maximum buyback quota? Can it maintain until coming AGM?

Posted by smartly > 2013-10-21 11:52 | Report Abuse

calculate yourself daily, more or less u will know.

Posted by hng33 > 2013-10-21 11:53 | Report Abuse

YTLP sbb already cancel first batch 3.5% treasury in last Aug and current still have 4.25% in treasury, Which mean in actual, YTLP sbb still able to accumulate up to 10% or 5.75% more.

Remark: The share buyback is up to 10% share volume, but if some or all these 10% is cancel, the sbb entitle to buyback additional 10% more based on reduce total volume (after first 10% volume reduction)

Posted by come2winner > 2013-10-21 11:57 | Report Abuse

Thanks hng33 for the detail explanation. In this case, I believe the sbb will able to continue till the coming AGM.:)