Posted by Icon8888 > 2015-09-22 05:46 | Report Abuse

My calculation is different

Pohuat now 3.16

Ex split of one becomes two, it becomes 3.16 / 2 = 1.58 per share

Warrant fair value = 1.58 - 1 = 0.58

1 free warrant for 2 shares post split, meaning net worth = 1.58 x 2 + 0.29 = 1.87 post split

Meaning that fair value now should be RM3.74 (being 1.87 x 2)

Posted by Icon8888 > 2015-09-22 05:51 | Report Abuse

This is based on assumption that bursa won't deduct value from mother share post ex of free WA

My study of Homeritz recent bonus + free WA indicates that this is the case. Upon ex, Homeritz share price adjusted from RM1.5 to RM1 following a 1 for 2 bonus

There is also free warrants issued at same time, but apparently the freebie did not come at expense of mother share price (namely, no deduction of value like what happens to dividend going ex)

Posted by Icon8888 > 2015-09-22 05:55 | Report Abuse

I strongly suggest u undertake further study before u jump in.

Don't do it just because I came up with a RM3.74 theoretical price as mentioned above

My RM3.74 calculation above was done very casually without giving deep thoughts and comprehensive studies

Don't chase too high

U r stupid if you do that, don't blame me for your losses, if any

Posted by JN88 > 2015-09-22 06:37 | Report Abuse

You must count in panic sell and profit taking after split...wakaka if not later icon you kena tiao kao kao...

Posted by RosmahMansur > 2015-09-22 06:41 | Report Abuse

Thanks OTB n Icon for sharing info. I just assume that the RM1.00 are to be paid to Pohuat as cost for the warrants conversion at a later date.

Posted by lexus002 > 2015-09-22 09:24 | Report Abuse

turbochart, you only own 5lots, i see only 5000 shres queue to sell @320. bising bising make so much noice.

Posted by Icon8888 > 2015-09-22 09:27 | Report Abuse

LOL

Posted by bukithot > 2015-09-22 09:27 | Report Abuse

Icon, thanks for clarification.
Can raise TP round up to RM4? haha

Posted by cherry88 > 2015-09-22 09:28 | Report Abuse

My valuation is differ from Icon8888. Based on the Circular valuation (and I personally agreed the valuation method too), assume a cum price of RM3.16, and assume "fully diluted" method. The adjusted ex price will be ((2*3.16) + 1) / 5 = RM1.46. Here we assume we buy 2 lots, it will split into 4 lots, and get a free warrant. You will convert the Warrant to Shares at RM1.00. So, your total cost will be 2 lots * RM3.16 = RM6.32. And you convert warrant at ex price of RM1.00. So, your total cost will be RM7.32. (In corporate finance, we assume you will hold the share and NEVER SELL). By now, total share on hand will be 5 lots (2+2+1). So, averagely, you cost per share will be RM7.32/5 = RM1.46. Since the warrants already trade in the market, with the ex price of RM1.00, the value of warrant will be RM0.46 (again, assume using flat, and not taking into time value of money)

Posted by cherry88 > 2015-09-22 09:29 | Report Abuse

Practically, given its 5 year period to expiry, warrant price will normally trade > 5~10% premium against the mother share. So, warrant price should be around RM0.48 ~ RM0.51 (Again, assume the cum price of RM3.16)

Posted by lexus002 > 2015-09-22 09:32 | Report Abuse

now 322, turbo shares all sold. better shut up and don't make any more noise here

Posted by Icon8888 > 2015-09-22 09:37 | Report Abuse

Not 4

Actually I have a valuation of 422

U want to see ?


bukithot
288 posts
Posted by bukithot > Sep 22, 2015 09:27 AM | Report Abuse

Icon, thanks for clarification.
Can raise TP round up to RM4? haha

Posted by bukithot > 2015-09-22 09:43 | Report Abuse

looks like sellers almost gone

Posted by bukithot > 2015-09-22 09:43 | Report Abuse

Icon, 4.22? Good. Want to see of course.... :P

Posted by Tc Yee > 2015-09-22 09:44 | Report Abuse

I agree with OTB on his calculation .

Posted by DarKLoRD888999 > 2015-09-22 09:48 | Report Abuse

Where the turbochat yoyo boy haha sold at 3.16? So funny wahaha

Posted by DarKLoRD888999 > 2015-09-22 09:52 | Report Abuse

This turbochat mayb got 5000lot of Pohuat can't sold finish de wah gan

Posted by 林俊松 > 2015-09-22 09:54 | Report Abuse

http://www.bloomberg.com/news/articles/2015-09-22/fed-hike-may-leave-china-unscathed-while-malaysia-suffers

Posted by cherry88 > 2015-09-22 12:26 | Report Abuse

turbochart, you may switch to SHH...another undervalued furniture stock.

Posted by RosmahMansur > 2015-09-22 16:57 | Report Abuse

3.25 closing today....huat ahhh!! hope tomorow can break 3.30?

Posted by Mohd Fahmi Bin Jaes > 2015-09-22 17:46 | Report Abuse

Waw amazing stock. Strongly buy before x-date dividen

Posted by samer > 2015-09-22 17:47 | Report Abuse

cherry88, what about scnwolf?

Posted by Icon8888 > 2015-09-22 21:01 | Report Abuse

Can...... After split

Posted by Mohd Fahmi Bin Jaes > 2015-09-23 00:15 | Report Abuse

after split might be down or still fly

Posted by hpcp > 2015-09-23 07:33 | Report Abuse

What is the chance of the warrant trading at discount? Then the free warrant is not benefiting the existing shareholders

Posted by misterzikk > 2015-09-23 08:04 | Report Abuse

Free warrants always benefit

Posted by Icon8888 > 2015-09-23 08:08 | Report Abuse

I check Homeritz WA

Conversion premium is 40%

I will be happy if pohuat WA is 10%

Posted by accu > 2015-09-23 08:59 | Report Abuse

i thought they juz PROPOSED 1:2 split & warrant, not comfirmed yet??

Posted by Mohd Iqbal > 2015-09-23 12:04 | Report Abuse

EGM 1 October to get shareholder approval. Once approved then the split and warrant are confirmed. Also there is 3 sen dividend due 30 Sept.

Posted by Issac Chai > 2015-09-23 14:47 | Report Abuse

Hi all. I just bought a new 20lot. Am i able to get free warrant ya?

Posted by darklord888999 > 2015-09-23 14:55 | Report Abuse

ofcause can get it because pohuat hvnt annouced the date for split and free warrant

Posted by Issac Chai > 2015-09-23 15:04 | Report Abuse

@darkload. Tq ;)

Posted by pathfinder > 2015-09-23 16:50 | Report Abuse

Good choice, Issac.

Posted by RosmahMansur > 2015-09-23 16:57 | Report Abuse

today closed at 3.23....quite ok

Posted by 8wpwtmt8 > 2015-09-25 05:35 | Report Abuse

Dear RosmahMansur, if I sell the mother share on the ex-date, am I still eligible for the split and free warrants?

Posted by RosmahMansur > 2015-09-25 06:51 | Report Abuse

Yes, u will be entitled for the aboved isssues if u sell mother shares On the ex date. The new shares will be credited to yr account abt 5 working days later.

Posted by mmk79 > 2015-09-25 17:44 | Report Abuse

Let pohuat recharge before take off again.

Posted by guoyen > 2015-09-25 17:46 | Report Abuse

Yeah.....

Posted by turbochart > 2015-09-26 20:37 | Report Abuse

Sell!!!tp 1.70...yoh yoh! !!

Posted by lexus002 > 2015-09-27 03:04 | Report Abuse

turbo, you better shut up and behave. only own 5,000shares, sold already, still talking rubbish. no standard

Posted by eagle100 > 2015-09-27 11:39 | Report Abuse

Wouldnt be 1.70 lah. 30 sept us another round of dividend.
Even after the Vietnam fire drop to RM2.40 only

Posted by DreamGladiator > 2015-09-27 11:40 | Report Abuse

What TP

Posted by Mohd Fahmi Bin Jaes > 2015-09-27 18:19 | Report Abuse

monday target rm 3.35

Posted by papaya > 2015-09-28 09:15 | Report Abuse

nobody want to sell......nobody want to commit....hahaha but if someone start to buy...everybody will follow....hahaha

Posted by Mohd Fahmi Bin Jaes > 2015-09-28 13:49 | Report Abuse

Sell volume high

Posted by cherry88 > 2015-09-28 15:17 | Report Abuse

Don't worry lah.....please wait for the dividend, and come to EGM on 1/10 to demand director to pay more dividend in the final quarter. They normally make the highest profit in the final quarter. So, we must ask for 6 sen dividend in the final quarter.

Posted by RosmahMansur > 2015-09-28 17:39 | Report Abuse

Anyone attending the EGM Oct 1st?

Posted by Mohd Fahmi Bin Jaes > 2015-09-28 19:07 | Report Abuse

No

Posted by lawyen > 2015-09-29 13:41 | Report Abuse

If nobody attending, then just cancel the EGM.

Posted by mmk79 > 2015-09-29 16:20 | Report Abuse

push up and push down pula.