Investors A had 300,000 units of TWL at the costs of RM0.04. Subsequently, the investor decided to subscribe fully to the rights issue at a costs per RCULS at RM0.02, resulting in investor A holding another 300,000 units of TWL-RCULS.
With the subscription, investor A is also entitled for 60,000 units of free Warrants E together.
Taking the straight-line method, the average costs per TWL of the investor should be RM0.035 upon full conversion of the RCULS.
Method A:
(300,000 units * RM0.04) + (300,000 units * RM0.03) = 600,000 units @ RM0.035 per share
Method B:
(300,000 units * RM0.04) + (200,000 units * RM0.02) = 500,000 units @ RM0.032 per share
Given the TEAP of TWL is RM0.0479 according to the announcement, a discount to RM0.04 (worse case scenario) still governs a profit of 14% to 25%. This is excluding the fact that investor A still had 60,000 units of free Warrant E with nominal value of RM0.010 (RM0.04 market value – RM0.03 conversion price).
EN10 project, EN11 project, and HT4 project have a gross development value (GDV) of RM171.7 million, RM179 million, and RM273.3 million, respectively, bringing the total GDV of the projects to RM624 million.
you scare TWL wont go up? prospect looking good so far
Trading at PE value of x4 which is low compare to their peers, huge upside & arbitrage potential in near time +3 project with total GDV of RM624m under the Rumah Selangorku scheme + RCULS + free warrant is a no brainer
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) TWL HOLDINGS BERHAD
Particulars of substantial Securities Holder Name TWL CAPITAL BERHAD
1 16 May 2023 10,310,000 Acquired Direct Interest
Acquisition of Ordinary Shares through Open Market.
Direct (units) 664,205,500 Direct (%) 16.251 Indirect/deemed interest (units) 572,795,528 Indirect/deemed interest (%) 14.015 Total no of securities after change 1,237,001,028 Date of notice 19 May 2023
================== Company linked to directors keep buying more shares from market Probably one day can take the company private after massive fund raising to increase the company fund
EN10 project, EN11 project, and HT4 project have a gross development value (GDV) of RM171.7 million, RM179 million, and RM273.3 million, respectively, bringing the total GDV of the projects to RM624 million.
TWL is projected to earn RM223.05 million from 2023 to 2027, translating to an average annual profit after tax of RM55.76 million.
The company said the fund raised from this issuance, which would range from RM25 million to RM111.3 million, would be mainly used to undertake three affordable housing development projects under the Rumah Selangorku scheme, comprising a total of 2,600 housing units, with a total gross development value of RM624 million.
3 project with total GDV of RM624m under the Rumah Selangorku scheme, time for TWL to move up !
TWL appears to have a promising future, as there are three plots of land situated in a strategic location that are set to be developed, in addition to another seven development projects that are in the works.
This is bursa mah, if u find boss spending money in a suspicious way go report lor. thats why public company exist, all financial are open to public.
So far if undersubscribe, directors are going to pour in their personal money which is good faith & the company is diversifying into healthcare soon from acquiring 2 private company which have an upcoming private hospital project & DSSB, which had a portfolio of requisite hospital operating licenses
Could mean RCULS might be under subscribed by retail shareholders
Most likely similar to other loss making penny stocks rights issue whereby directors, operators, proxies, other penny stocks directors will support the fund raising scheme
Waif for date of announcement of subscription result on 14 June 2023
So far if undersubscribed, directors are going to pour in their personal money which is good faith & the company is diversifying into healthcare soon from acquiring 2 private company which have an upcoming private hospital project & DSSB, which had a portfolio of requisite hospital operating licenses
Investors A had 300,000 units of TWL at the costs of RM0.04. Subsequently, the investor decided to subscribe fully to the rights issue at a costs per RCULS at RM0.02, resulting in investor A holding another 300,000 units of TWL-RCULS.
With the subscription, investor A is also entitled for 60,000 units of free Warrants E together.
Taking the straight-line method, the average costs per TWL of the investor should be RM0.035 upon full conversion of the RCULS.
Method A:
(300,000 units * RM0.04) + (300,000 units * RM0.03) = 600,000 units @ RM0.035 per share
Method B:
(300,000 units * RM0.04) + (200,000 units * RM0.02) = 500,000 units @ RM0.032 per share
Given the TEAP of TWL is RM0.0479 according to the announcement, a discount to RM0.04 (worse case scenario) still governs a profit of 14% to 25%. This is excluding the fact that investor A still had 60,000 units of free Warrant E with nominal value of RM0.010 (RM0.04 market value – RM0.03 conversion price).
EN10 project, EN11 project, and HT4 project have a gross development value (GDV) of RM171.7 million, RM179 million, and RM273.3 million, respectively, bringing the total GDV of the projects to RM624 million.
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rev588
80 posts
Posted by rev588 > 2023-05-16 16:25 | Report Abuse
boss acquire more shares = subscribing more RCULS, boss confirm got plan to goreng up at least one round