Just wish to point out that the Net Asset per share =0.23 stated in the most recent QR (ended 31 Mar 2022) is before share consolidation and right issue. Since consolidation is 6 to 1, right issue is 2OR to 1 share and basically fully subscripted, the Net Asset per share now should be doubled =0.23x2=0.46
@Peace99:...Since consolidation is 6 to 1, right issue is 2OR to 1 share and basically fully subscripted, the Net Asset per share now should be doubled =0.23x2=0.46
BLee: Hi @Peace99, the consolidation was 15 to 1. The Net Asset per share already reported in QR June22 as stated: 7) Net assets per share attributable to ordinary equity holders of the parent ($$) = 1.2200 Happy trading and TradeAtYourOwnRisk
@BLee Thank you for the correction! So it should be roughly 0.23*15/3=0.23*5=1.15....Nice that the numbers match. I mixed up with another company's consolidation. As for the QR, I now see the June report at i3 website. I also look at Bursa Malaysia website and funny that it does not show up there.
As at today, 23 Sept., 2022, only my investment in Ages-PA in positive territory..averaging below 4 sen. As seen in today's closing, 4 sen to 5 sen equals 25% gain vs mother share of 14.49% due to: - low cost investment, high percentage gain? - number of outstanding Ages-PA (volume) depleted by 15 times during consolidation, therefore demand will be more than supply if mother share price increases in tandem?? Please highlight other positive or negative opinions for discussion.. Happy Trading and TradeAtYourOwnRisk
@BLee, Thanks for sharing your good insight into PA. I have not been following the PA, but I did a quick check on it, and here are some facts: 4.2billion PA was issued, and 3.8b left before consolidation. So now 3.8b/15=254million left. After consolidation, to change PA to share, I found out only one way, i.e. need 1 PA plus RM 0.95 and maturity is 10 Mar 2030. Is there another way of changing PA to share? Before consolidation, i think can use 13 PAs to get one share.
@BLee Therefore remain unchanged meaning "the 2 methods of conversion remain....
Thank you, and I think you're right as it is consistent with this check: Exercise price =RM1.03. Method a) 1PA+0.95, meaning PA is regarded as 0.08 b) 13 PA, 0.08*13=1.04, 0.01 more than exercise price but obviously can't be helped as cannot have fractional PA.
One benefit of having PA I can see now is that if the share price is not high enough use method b) else use method a). Will share idea after I have chance to read more later. Happy trading!
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