@kaparseng...share split is automatic i do not need to pay anything..free warants also no need to pay...how bout the iclus or right issues, is it free or have to pay??
thats why most people here lose money, because they think of the stock market like a casino instead of a platform to invest in good BUSINESSES. In short, no businessman mindset.
Management of PMB/Press Metal sees a good opportunity and good demand for a new product. And they are good enough to share the prospects of the business with shareholders. They could have easily used their personal money to start the venture.
People who subscribe for the ICULS can exercise at anytime if the prevailing share price of mother is higher than the ICULS subscription price. If it is lower, then just collect the 3% pa and wait to convert to mother when price is better. Even better they can just continue collecting the 3% while waiting for the mother share to increase and get both the 3% and upside of the share price appreciation.
That is not even considering the free warrants yet.
In a nutshell, good deal. It is like a mini IPO, for the company to expand its manufacturing capabilities to a material with high demand and ready offtaker (Press Metal).
@johnny cash the iculs need to subscribe and pay so that can get the la and free warrant.. but i couldn't find the subscription fee.. maybe it's to be determined later.. for short term it should trend upside or else who wanna subscribe the iculs.. for long term it's also worth to keep as pmbtech proposed to develop metallic silicone and it should boost the group profit upon completion of the project. in today metal commodities mostly trade in usd except local market therefore it's quite similar to pmetal smelting plant business model. that's why i reload little bit today but it keep sinking.. aiks....
The ICULS need to pay if we interested. But price yet to announce yet. According to the announcement. Share split, iculs (with free warrants) will finalise & complete by 2nd quarter 2018. Is that mean even share split need to wait til 2Q'18?
If this is the case, then can understand why dropping now & keep dropping...
why share split wait so long till 2Q 2018?? no wonder drop so much, cause of WAITING TIME for split too long.. so stupid this company does not know how to PLAN THINGS..THEIR HEAD MUST BE AS HARD AS ALUMINIUM
Just going to the basics of investing: 1.The stock price has simply overshot the anticipated better result for the company.Just simply following PMetal price trend. 2.But unfortunately the 3QR is not as goos as expected.Cumulative profit to current date is just RM 7.763 million and the Price/Earning (P/E) is too high at 28.29 when the average is around 16-17 for industrial sector. 3.Thus the price has to equilibrate and finds the correct level of support.
Outcome: Expects the price to come down to a reasonable level around ~RM 3.00.
The illustrative issue price, nominal value and conversion price of the ICULS represents a discount of approximately 10.0% to the theoretical ex-all price of PMBT Shares of RM2.2550 based on the five (5)-day VWAMP up to the LTD of RM4.8101.
For illustration purposes only, based on the five (5)-day volume weighted average market price (“VWAMP”) of PMBT Shares up to and including the LTD of RM4.8101, the illustrative issue price, nominal value and conversion price of the ICULS is assumed to be fixed at RM2.03 each, and the illustrative entitlement basis of the Proposed Rights Issue of ICULS with Warrants is assumed to be two (2) ICULS for every three (3) PMBT Shares held after the Proposed Share Split, and one (1) Warrant for every two (2) ICULS subscribed, raising illustrative gross proceeds of up to RM216,533,332 (assuming all the treasury shares are sold before the entitlement date for the Proposed Rights Issue of ICULS with Warrants).
pitty many people got stuck at high price, looks like many are going to hold it, unless if you already sold it... this purposely done by I suspect insiders, to trap public fund
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....
sasword
1,169 posts
Posted by sasword > 2017-11-10 11:37 | Report Abuse
Becos big croc eat enuf small fish now resting