Simple 091, conversion cost is 20sen and have to wait 8 market days to get the mother shares. It involves capital and time. Original holders already making 40%. Why want to risk 20sen to make extra 20%. Calculated risk lah
Already got 1.2m units PA, test the convert process, maybank told have to wait T3 then can process and take 1-2 weeks....update you guy see if really 2 good 2 b 2 hehe
The price will go down very soon as more and more PA convert to share to take the big discount and the Issue Size: 1,381,288,215 PA is about 6.5X of NOSH:215,000,000
Will buy more Mother Share..Seems like its going back to its original price of around 80 to 90 Sen (Before it dropped in June 2020)..Or at least close to..it will be good enuff!!.Fingers Crossed.. Or else, next time la..Huhu..
Arbitrage opportunity on both PA and Warrant. An example on warrant- Mother 45, warrant price 15 + exercise price of 25 = 40. Theoretically, a gain of 5.
OngLai88, i can ensure how future going. But you just need one pa (0.07) plus 0.2 for convert to mother share, which mean 0.27 to 0.44 is 60% earn. Of course, high risk high return.
Profile for Securities of PLC Instrument Category : Securities of PLC Instrument Type : Preference Shares Description : NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN PERMAJU INDUSTRIES BERHAD ("PERMAJU") ("ICPS") ISSUED PURSUANT TO THE FOLLOWING:-(I) RENOUNCEABLE RIGHTS ISSUE OF UP TO 936,309,855 NEW ICPS AT AN ISSUE PRICE OF RM0.05 PER ICPS TOGETHER WITH UP TO 93,630,985 FREE DETACHABLE WARRANTS IN PERMAJU ("WARRANTS") ON THE BASIS OF 10 ICPS TOGETHER WITH 1 FREE WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN PERMAJU HELD BY THE ENTITLED SHAREHOLDERS OF PERMAJU AT 5.00 P.M. ON 14 JULY 2020 ("ENTITLED SHAREHOLDERS"); AND(II) SETTLEMENT OF DEBT OWING BY PERMAJU TO TAN SRI DATUK CHAI KIN KONG AND DATO' CHUA TIONG MOON IN THE AGGREGATE SUM OF RM22,248,918 TO BE FULLY SATISFIED VIA THE ISSUANCE OF 444,978,360 NEW ICPS AT AN ISSUE PRICE OF RM0.05 PER ICPS TO DATO' CHUA TIONG MOON AND CHAI WOON YUN. Initial Listing Information : Listing Date : 21/08/2020 Issue Date : 14/08/2020 Issue / Ask Price : Malaysian Ringgit (MYR) 0.0500 Issue Size in Unit : 1,381,288,215.0000 Maturity Date : 13/08/2030 Revised Maturity Date : Name of Guarantor: Name of Trustee: Coupon/Profit/Interest/Payment Rate: Coupon/Profit/Interest/Payment Frequency: Redemption: Exercise/Conversion Period : 10.00 Year(s) Revised Exercise/Conversion Period : 0.00 Exercise/ Strike/ Conversion Price : Malaysian Ringgit (MYR) 0.2500 Revised Exercise/ Strike/ Conversion Price : Malaysian Ringgit (MYR) 0.0000 Exercise/ Conversion Ratio : 5:1 Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Tendering of securities Settlement Type/ Convertible into : Physical (Shares) Remarks : The ICPS may be converted into new fully-paid ordinary shares in Permaju ("Permaju Shares" or "Shares") at the conversion price of RM0.25 ("Conversion Price") in the following manner:-(i) by surrendering for cancellation the ICPS with an aggregate issue price of the ICPS equivalent to the Conversion Price, subject to a minimum of 1 ICPS and a maximum of 5 ICPS for every 1 new Share; and(ii) by paying the difference between the aggregate issue price of ICPS surrendered and the Conversion Price, if any, in cash, for every 1 new Share.Premised on the terms of the ICPS, subject to adjustments, the ICPS can be converted into new Shares on any market day commencing on and including the issue date of the ICPS up to and including the maturity date of the ICPS. Any remaining ICPS that are not converted by the maturity date shall be mandatorily converted into new Shares at the conversion ratio of 5 ICPS for every 1 new Permaju Share.If the conversion results in a fractional entitlement to Permaju Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.If the maturity date of the ICPS falls on a non-market day, then it will fall on the preceding market day.This announcement is dated 19 August 2020. 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
As long as warrant n pa no go up, push mother share just a drama to unload pa share, last time gpacket a lot ppl burn hand, better look for other counter!!!
FutureGains, then which mode the banker will use in the conversion, 1 PA + 20 sen for 1 mother share OR 5 PA for 1 mother share? Is that the reason the price of PA was pressed by the banker from moving up in tandem to the mother share?
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Posted by Kris Wong > 2020-09-04 12:23 | Report Abuse
bought some PA for conversion, will know result in about 2 weeks time, no risk no gain !!!