I think depends on market movement as well. I would say now is a bad timing for pohuat to release split and free warrant. Market volatile people scared to chase. If in normal market sure up up alot. I gt bad feeling pohuat wont go up more than 3.5. Haiz..
Please don't compare Lii Hen with Poh Huat. Lii Hen merely do the split and bonus (effectively is a bonus without cashflow). However, Poh Huat do the split (effectively a bonus share) with warrants. This warrants will have positive cashflow or I normally treat it as 1 time cash dividend to shareholders, if you get the free warrants and sell to the market immediately. Poh Huat should deserve higher value.
Fire incident happened when it was the peak period for Poh Huat. Even if it is compensated by insurance, I believe the production will somewhat be affected. Judging from photos shown in Vietnamese daily, it appeared serious
Based on price of RM3.50, and ex price of RM1.60. Warrants can be easily traded at 20% premium given its 5 years period, or RM0.72. I will not chase the warrants, but will buy the shares as much as I can before 16/10, to enjoy the FREE warrants or RM0.72 "cash dividend" ! We should chase the mother share NOW
1) Share split involving the subdivision of every one (1) existing ordinary share of RM1.00 each in Poh Huat Resources Holdings Berhad ("POHUAT" or the "Company") into two (2) ordinary shares of RM0.50 each in POHUAT ("Split Share(s)").
2) Bonus issue of up to 56,693,552 new warrants in POHUAT ("Warrant(s)") on the basis of one (1) free Warrant for every four (4) ordinary shares of RM0.50 each held in POHUAT, after the completion of the Share Split ("Bonus Issue of Warrants").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - All” as from: 16 October 2015 2) The last date of lodgment : 20 October 2015
Remarks 1) :- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 21 October 2015 with share split POHUAT shares of RM 0.50 each. Any shareholder who is entitled to receive POHUAT share split shares, may sell any or all of his POHUAT shares arising from the share split beginning the Ex-Date (16 October 2015).
For example, if Mr X purchases 100 POHUAT shares on cum basis on 15 October 2015, Mr X should receive 100 shares on 20 October 2015. As a result of the share split, 200 POHUAT shares will be credited into Mr X's CDS account on the night of 20 October 2015 being the Book Closing Date. Therefore, Mr X can sell the share split shares of 200 on or after the Ex-Date ie from 16 October 2015 onwards."
Remarks 2):- The date of the listing of and quotation for the Split Shares shall be on 21 October 2015, being the next market date immediately after the entitlement date. The notices of allotment will be issued and despatched to all the entitled shareholders of POHUAT within four (4) market days after the date of the listing of and quotation for the Split Shares on the Main Market of Bursa Malaysia Securities Berhad. Entitled shareholders are not required to take any action. This announcement is dated 2 October 2015.
Remarks 3:- The Warrants shall be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") two (2) market days after receipt of the listing and quotation application filed with Bursa Securities. The Bonus Issue of Warrants shall be implemented via the filing of listing and quotation application with Bursa Securities after the completion of the Share Split. As such, the Warrants to be issued pursuant to the Bonus Issue of Warrants shall each give to its holder an option to subscribe for new subdivided ordinary share of RM0.50 each in POHUAT. The Warrants will be credited into the entitled shareholder's central depository system account and a notice of allotment will be issued and despatched to the entitled shareholders at the address as per the Record of Depositors prior to the listing and quotation of the Warrants. Entitled shareholders are not required to take any action. This announcement is dated 2 October 2015.
I read the darn thing many times and I still don't know when the WA will be listed? What do they mean by "2 market days after receipt of listing and quotation application"?
The completion of the split share is on 21st Oct 2015. Therefore, if I were not mistaken, the earliest Pohuat can file the listing and quotation application on 22nd Oct 2015. After 2 market days, the Warrants shall be listed and quoted on the Main Market of Bursa Securities. I think the earliest should be on 27th or 28th of Oct 2015. Please correct me if I were wrong. Thank you.
yeah it still has good prospect, but undeniable, now pohuat is facing profit taking, it may further down the price but only for short term, so i would suggest to collect lower at around 3.3
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
guoyen
901 posts
Posted by guoyen > 2015-10-06 17:18 | Report Abuse
要稳定,不要乱...haha