I confuse for the right issue..... Crp price 0. 325 Convert to ordinary share also 0.325 Izit one Crp convert to one ordinary share equal to 0.65 or only pay 0.325 one time only? Onyone can explain to me? Pls
the conversion price of the RCPS at RM0.325 per RCPS and the conversion ratio at 1 new PPB Share for every 1 RCPS held. The conversion price of RM0.325 per RCPS represents a discount of RM0.135 or approximately 29.35% to the 5-day VWAMP of PPB Shares up to and including 21 November 2019, being the last trading day immediately preceding the price-fixing date of RM0.460 per PPB Share.
The conversion price per new PPB Share is an amount equivalent to the issue price of the RCPS multiplied by the conversion ratio, which shall be deemed settled by way of set-off and hence the RCPS holders are not required to make any additional cash payment for the conversion of the RCPS into new PPB Shares.
Ex-date is 6th Dec 2019. This means that if you buy Perdana shares after this date, you won't get the rights.
The rights are for redeemable preference shares which can be swopped for Perdana shares on a 1:1 basis i.e. 1 redeemable preference share for 1 ordinary share.
So the holder of each right can subscribe for a preference share at 32.5 sens. He can then either swap it for an ordinary Perdana share or hold it for dividends. If dividend is declared the holders of the preference share will get priority over ordinary shareholders. That's why they are called preference shares.
@Will76. The risk profile of Armada is different from Perdana. Armada is riskier due to its operations overseas in high risk areas. Witness the recent drastic sell-down of Armada due to just a rumour and the slow recovery.
Perdana is less risky due to it being tied to Dayang which is a major contractor for Petronas the national oil company.
If u have 1 lot perdana share, you are entitled to purchase 2 lot ICPS at 0.325 each lot (0.325 X2=0.650). Another option is when u get the OR (2 OR for each perdana share) and decided not to subscribe the ICPS, you can sell the OR at open market before the end of the OR trading day.
so how to get it subscribe, is it thru normal trading platform. and will this RCPS unit can be sold to open market or only to be redeemed by company. sorry newbie here
1 lot @ 0.4 get 2 rights @ 0.365 per rights. if convert, pay 0.73, then will have 3 lots on hand. Average, every lot price is 0.377. Is it counting in this way ?? thats why retailer selling ?
If u now got perdana 5-12 ex date then 6-12 y get 2 pr to rigth perdana pa with 32.5 sen If u don’t want rigth u can sell u 2 pr at that period 9-16 dec
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Will76
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Posted by Will76 > 2019-11-22 15:23 | Report Abuse
Perdana is way overvalue @ 0.45.
Perdana :
Q1 : Net Loss = RM32.9mil
Q2 : Net Loss = RM5.4mil
Q3 : Net Profit = RM18mil
On the other hand, Bumi Armada is only @ 0.52 even after posting 3 CONSECUTIVE INCREASING QR NET PROFIT
Bumi Armada :
Q1 : Net Profit = RM61.3mil
Q2 : Net Profit = RM82.1mil
Q3 : Net Profit = RM151.4mil
Fair value for Perdana should be about 0.30 - 0.35