Posted by surewinz > 2015-02-17 17:59 | Report Abuse

Raymond how you forsee an uptrend??

Posted by viper88 > 2015-02-17 19:58 | Report Abuse

Eventhough 2 mths period for proposal approval seems quite short yet long also... the recent price movement and vol price transacted already on track towards 0.50++. Big players is on the move and holding well.

Last year Right Issue + Bonus proposal was cancelled due to overkill "low" price so this time chances to proceed is high provided THHEAVY price support strongly and move above the right issues price.

Some big players who absorb/accumulate warrants last year December at rock bottom price 0.01, 0.005 or some at higher price converted to mother shares at + 0.51 and if THHEAVY price unable to move higher than 0.52, after right issues, they have to pay/subscribe for it and dilution of share price to 0.25 will make them lost big money. Some big players/big shareholders also maybe holding THHEAVY shares at higher price eg. 0.58 etcs.. so now its the time for them to buy/accumulate more to AVG down their price before the right issues. If not.. they will also lost big share price value whether subscribe or not subscribe.. if not subscribe.. they AVG price must be lower than 0.50 and exit bfr Right Issue Ex-date. Big shareholders cant exit.. so they have to AVG down or buy via 3rd party acct..

Posted by viper88 > 2015-02-17 20:10 | Report Abuse

One good example is KNM... suppose to hold price at abt 0.50 for right issues proposal but include warrants

======================================================================
We refer to the announcements dated 17 October 2014, 12 November 2014 and 24 November 2014 in relation to the Proposals.


On behalf of the Board, Affin Hwang IB wishes to announce that the Board had, on even date, resolved the following:


(i) the issue price for the Rights Issue with Warrants has been fixed at RM0.50 per Rights Share at an entitlement basis of 1 Rights Share for every 5 existing KNM Shares held by the Entitled Shareholders as at an entitlement date to be determined and announced later (“Entitlement Date”);


(ii) the entitlement basis of the Warrants B has been fixed at 1 Warrant B for every 2 Rights Shares subscribed for by the Entitled Shareholders; and


(iii) the exercise price of the Warrants B has been fixed at RM1.00 for each Warrant B.


The issue price of RM0.50 per Rights Share represents a discount of 29.58% to the 5-day volume weighted average market price of KNM Shares up to 16 February 2015 of RM0.71 (“5-day VWAMP”) and 26.47% to the TERP of KNM Shares of RM0.68, based on the 5-day VWAMP.


The exercise price of the Warrants B of RM1.00 each, represents a 47.06% premium to the TERP of KNM Shares of RM0.68, based on the 5-day VWAMP.


http://www.bursamalaysia.com/market/listed-companies/company-announcements/1879313
========================================================================

but now already shoot up higher 0.70++.. company shares buyback, bigshareholder buy shares, etcs.. big player buy in big vol pushing up to match last year Oct price 0.85 before the big plunge till 0.395. The strong buy up/push up also to make the Right issues price attractive with representation of big discount.. so after subscribe share price value still in money.

Posted by maya1301 > 2015-02-17 23:47 | Report Abuse

viper88 trying very hard to convince others THHE will shoot up..
just like bank giving high TP and you know what it means..

Posted by viper88 > 2015-02-18 00:15 | Report Abuse

KNM proposal is different coz 1:5 and have warrants. The big players and main shareholders there more aggressive in pushing than THHEAVY coz it was proposed on last year Oct..

I just share my own view and info available base on rough comparison THHEAVY with KNM movement since both also have rights issue proposal and price rebound from low moving up higher.

U guys can carry own with ur own investment plan strategy buy/hold or sell.

Posted by sheep > 2015-02-18 00:32 | Report Abuse

q result coming out...down trend till result...wakakaka. you buy you die. wakakakaka

Posted by viper88 > 2015-02-18 11:16 | Report Abuse

sheep: big players will still buy, they wont die easily. Only those weak small shareholders bought at high price will get caught.

Big players already pump in almost RM100million++ since jan from 0.30 onwards.. they also already supported/accumulated warrants, and mother shares during bottom price.. which easily cost 2-3X++ of what they've pump in to to support/push the price up till 0.42 -0.455 recently. Their target are towards the RIght issues to make THHEAVY share "in money" for them as well as for main shareholders because they have to subscribe to maintain as mainshareholders.

=======================================================

KNM proposal already been resolved/finalized at right issues at 0.50 with 1:5 + warrants throw in. So in order for the existing shareholder or buyer to be "In money" the mother share already move up quite substantially so their mainshareholders after take up the subscription still in good profit lvl.

===================================================================
The issue price of RM0.50 per Rights Share represents a discount of 29.58% to the 5-day volume weighted average market price of KNM Shares up to 16 February 2015 of RM0.71 (“5-day VWAMP”) and 26.47% to the TERP of KNM Shares of RM0.68, based on the 5-day VWAMP.

The exercise price of the Warrants B of RM1.00 each, represents a 47.06% premium to the TERP of KNM Shares of RM0.68, based on the 5-day VWAMP.
===================================================================

In order to understand right issues and "in money" for shareholders to subscribe or exit with profit,
u guys can contact your investment securities analyst or experienced remiser to get confirmation
for THHEAVY right issues 1:1 at 0.25.

Posted by viper88 > 2015-02-18 12:54 | Report Abuse

Closing up.. 0.43 :D
Happy CNY and happy holidays.

Posted by Raymond Wong > 2015-02-22 18:23 | Report Abuse

What is the progress for tomorrow?

Posted by viper88 > 2015-02-23 00:15 | Report Abuse

From last week trading +ve strong support, the big players still on the boat.

Tan Sri QLC & son QKS : 0.45
PMB : 0.80
Tabung Haji : 0.90 - 1.30
Warrant expiry convertion dec2014: + 0.51

Posted by Raymond Wong > 2015-02-23 09:08 | Report Abuse

thanks Viper88

Posted by Raymond Wong > 2015-02-23 17:06 | Report Abuse

drop....

Posted by viper88 > 2015-02-23 18:55 | Report Abuse

Selling pressure quite high today, absorption not strong enough.
Big players still on CNY holiday off days.
Today is T+4 for high vol trading on 13/2/14, T+3 for high vol trading on on 14/2/14. Total Vol traded today is only 1/5 of the total vol traded on 13/2/14. Those no money pickup exiting.

Posted by sheep > 2015-02-23 18:59 | Report Abuse

q result coming, so get ready to dump if not, you gonna be a dumb

Posted by Analyst8 > 2015-02-23 20:56 | Report Abuse

Upside is limited. Even they maintain the share price at 0.40cts. Shareholders will still subscribe to the Renounceable Right of merely 0.25cts.

Posted by viper88 > 2015-02-23 22:46 | Report Abuse

If share price at 40 sen, it wont be attractive for ppl to subscribe for the right issues, will lose money also if subscribe for the big shareholders. That's why it was cancelled off last year proposal.

Posted by Raymond Wong > 2015-02-23 23:57 | Report Abuse

True also.. As they have to make the share price up to make attractive for the existing shareholders to subscribe more shares.

Posted by annmix > 2015-02-24 00:26 | Report Abuse

Now they proposed another right issue so I guess they are desperate for funds, sure they will hv to push up share price this time I guess

Posted by viper88 > 2015-02-24 01:28 | Report Abuse

Last year in July , price closed at 0.81, next day open gap up 0.935 hit highest 0.97. CIMB gave TP RM1.20 to boost the price up. Later in Oct 2014 , the announcement of Right issues + bonus proposal price drop lower n lower due to weak response and weak oil market price.

THHEAVY applied for extension for the proposal but still cancelled in the end.

TH Heavy's renounceable rights issue comes with a bonus issue, on the basis of one bonus share for every five rights shares subscribed. The issue price is expected to be at a discount of at least 15% to the theoretical ex-all price (TEAP) of TH Heavy shares, but shall not be lower than the par value of 25 sen apiece.

http://www.theedgemarkets.com/my/article/th-heavy-applies-extension-submit-draft-circular-rights-and-bonus-issue

"Share price of TH Heavy was at 81 sen on Oct 3, when the company announced the plan for cash call and bonus issue. But it is worth noting that year-to-date, the counter has fallen about 50% to close at 40.5 sen today, giving it a market capitalisation of RM449.9 million.

Therefore, it is difficult to see how TH Heavy would be able to raise RM450 million from the rights issue. The latest move by TH Heavy to apply for time extension to submit the draft circular could be due to the low price of its shares."
=====================================================================

The current new proposal only Right issues without Bonus shares.. at 0.25.

Last time cancel when price at 0.405.... so theoretically Right issues without Bonus share, price should be much higher than 0.405 for the RIght issues to be attractive and proceed without cancellation again.

Posted by surewinz > 2015-02-24 12:07 | Report Abuse

the chart looks not so good...

Posted by Analyst8 > 2015-02-24 13:08 | Report Abuse

Viper88, Get your facts right. This round the renounceable right is only 25cts. In will be in for money even the market price is 30cts.

Posted by viper88 > 2015-02-24 15:00 | Report Abuse

Analyst8: U read the announcement and chk with ur analyst/remiser?

If not, pls read page no. 3
http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/0B79EAC69B9FD53248257DEB003B8EB5/$File/TH%20Heavy%20Engineering%20Berhad%20-%20Proposals%20-%2013%20February%202015.pdf

Conversion Rate: One (1) new THHE Share for one (1) ICPS-i held.

Current shares issued: 1.111 billion.
Proposed a rights issues of up to 1.2 billion new Islamic irredeemable convertible preference shares (IICPS) at 25 sen each, to raise a gross proceed of up to RM300 million.

In money even market price is 30 sen?
U must be joking..

Posted by Analyst8 > 2015-02-24 16:24 | Report Abuse

No need to check with anybody. If you are smart investors, the current trend will tell the truth.

Posted by Analyst8 > 2015-02-24 16:26 | Report Abuse

Human being always try to convinced themselves with excuses with T+4 and etc when the price is down.

Posted by Analyst8 > 2015-02-24 16:30 | Report Abuse

Do worry, it will reach 50th when the cows come home.

Posted by HungerForMore > 2015-02-24 16:31 | Report Abuse

I bought some at 0.43. what should I do now? was this good or bad news?

Posted by viper88 > 2015-02-24 16:53 | Report Abuse

Analyst8: Pls get ur Fact right 1st abt the in money thing den come to talk ya.
Wow.. so pro no need chk with anybody yet don't even know how Right issue works..
Don't simply pull a dead cat out from ur closet coz later dead cat bounce scares the hell out of urself.

Posted by Analyst8 > 2015-02-24 17:04 | Report Abuse

Viper88, ask anyone, when the share price is 30 sen and the offer for the ICPS is merely 25 sen and no payment is required upon conversion. A small kid will also be able to tell the answer. Wish those who follow your advice good luck. You have been talking about the potential upside of this counter since the announcement. However, the price keep going south.

Posted by viper88 > 2015-02-24 17:11 | Report Abuse

HungerForMore: Today is T+4 for 16/2/15 which have high vol transaction and today closing vol is less than 1/2 of that day vol. Selling pressure is stronger than yesterday and accumalation still on - going. Strong support still at 0.385/0.38. Tomorrow will be fresh trading day with most contra kakis already exited yesterday and today.

http://klse.i3investor.com/blogs/MplusOnline/70498.jsp

THHEAVY rebounded off the EMA9 level with improved volumes after a pullback on Wednesday. The MACD Histogram has turned green, while the RSI is hovering above 50. Monitor for a breakout above RM0.425, targeting the RM0.50 level. Support will be located around the RM0.38 level.

Posted by HungerForMore > 2015-02-24 17:31 | Report Abuse

Viper88: Thank-you for the feed-back. Appreciate.

Posted by viper88 > 2015-02-24 19:25 | Report Abuse

Analyst8: Guess u didn't read my posting earlier when THHEAVY price only 0.355 after its earlier Right & Bonus issues cancelled off and its potential going up even before the new proposal of RIght issues. Price went up everyday till 0.455....and now its consolidating but still with big buyer absorping/supporting buying at lower price AVG 0.39 today, and yesterday AVG 0.405.

Get ur fact right 1st bfr post.. small kids also know how to read my postings.
Whether buy, hold, sell its own individual decision.

Posted by annmix > 2015-02-24 21:59 | Report Abuse

Share price drop also becoz all oil n gas counter are drop becoz crude oil price drop..

Posted by orlandooil > 2015-02-25 09:25 | Report Abuse

In an earlier interview with the Edge weekly, TH Heavy CEO Nor Badli Munawir had admitted that if the company did not bag a reasonably large fabrication job by 1Q15, it could be in "serious trouble".

Soon it will be the last month in 1Q15...

Posted by viper88 > 2015-02-25 10:08 | Report Abuse

orlandooil: Last mth in 1Q15 is end of March.

If u read the announcement by CEO, it was on 3/12/14...just nicely done 2 weeks+ before THHEAVY warrant expired on 20/12/2014.. Warrant players get caught badly...unless they willing to convert +0.51 for future long term play buy mother price is even cheaper that time!
Those holding warrant sell off at dirt cheap price + mother share also plunge same day till 0.365 and continue to fall continuously daily till 0.275. When the price is low, those big players accumulates and buy most of it.

Its also the time where the big buyer show +ve sign or emerges from the bottom 0.30 at 19/1/15 moving up towards 0.40++ increase momentum to 0.45+. Small fish dies /run away whereas big fish eat them up.

Its a heavy handed game by the big players. I saw it but I'm just a by stander and join in when the line is clear.

Stock alwys there only the player changes. If cant stand the changes or take the risk.. pls exit at the price suit own appetite. THHEAVY is not for small fry to swim unless have good strategy.

Posted by annmix > 2015-02-25 10:27 | Report Abuse

might be in trouble but share up 2 cents today haha ..

Posted by viper88 > 2015-02-25 10:35 | Report Abuse

As I posted earlier, yesterday was the Last day of high vol contrarian exit T+4.
Today is a fresh new start. Buying and vol trade still +ve healthy.

Posted by orlandooil > 2015-02-25 13:58 | Report Abuse

Last December, upstream O&G player TH Heavy Engineering Bhd ( Financial Dashboard), unable to withstand the current headwinds in the O&G industry amid tumbling crude oil prices, announced that it would be retrenching some redundant staff, but did not say how many.

Posted by orlandooil > 2015-02-25 14:01 | Report Abuse

So far have u seen the big players convert their warrant to share??

Posted by viper88 > 2015-02-25 14:46 | Report Abuse

orlandooil: If u read the previous cancelled proposal, its already assuming scenarios None or Full of the Outstanding warrants are exercised...

on 19/11/14,, theres high vol traded for THHEAVY -WA.
So far no updates or announcement of the warrant convertion by the big shareholders.
Only have info on the PMB private placement shares at 0.80.

New proposal also mention the private shares placement ... no info on those warrant convertion.

=========================================================================

http://announcements.bursamalaysia.com/edms/edmswebh.nsf/all/F6C4D8EE8FB7ACD048257D75005D8407/$File/TH%20Heavy%20Engineering%20Berhad%20-%20Proposals%20-%203%20October%202014.pdf

As at 22 September 2014, being the latest practicable date prior to this announcement (“LPD”), the existing issued and paid-up share capital of the Company is RM263,981,727.50 comprising 1,055,926,910 THHE Shares. As at the LPD, the Company also has a total of 202,178,797 warrants outstanding which were issued by the Company on 20 December 2004 pursuant to the deed poll dated 30 November 2004 (“Warrants 2004/2014”) (“Outstanding Warrants”).
On 24 September 2014, MIDF Amanah Investment Bank Berhad had announced, on behalf of the Board, that the Company proposes to undertake a private placement of up to 10% of the issued and paid-up share capital of THHE to third party investor(s) (“Proposed Private Placement”) (“Proposed Private Placement Announcement”). The Proposed Private Placement will be undertaken in accordance with the general mandate pursuant to Section 132D of the Companies Act, 1965 which was obtained from the shareholders of the Company at its Annual General Meeting held on 11 June 2014.
2
As disclosed in the Proposed Private Placement Announcement, the Proposed Private Placement will be implemented in multiple tranches within 6 months from the date of approval of Bursa Malaysia Securities Berhad (“Bursa Securities”). For the first tranche of the new THHE Shares to be issued pursuant to the Proposed Private Placement (“Placement Shares”), Pelaburan MARA Berhad (“MARA”) had agreed to subscribe for 52,796,345 Placement Shares at an issue price of RM0.80 each (“Allocated Placement Shares”).The Allocated Placement Shares represent approximately 5% of the existing issued and paid-up share capital of THHE as at 22 September 2014, being the latest practicable date prior to the date of the Proposed Private Placement
Announcement.

For illustration purposes only, assuming none of the Outstanding Warrants are exercised and only the Allocated Placement Shares are placed out prior to the Entitlement Date (“Minimum Scenario”), the capital outlay required from an Entitled Shareholder holding 1,000 THHE Shares who wishes to fully subscribe for his entitlement is approximately RM405.87. Assuming full exercise of the Outstanding Warrants and the completion of the Proposed Private Placement are prior to the Entitlement Date (“Maximum Scenario”), the capital outlay required from an Entitled Shareholder holding 1,000 THHE Shares who wishes to fully subscribe for his entitlement is approximately RM325.16. The actual capital outlay required by the Entitled Shareholders to fully subscribe for their entitlements under the Proposed Rights Issue with Bonus Issue will depend on the Entitlement Basis and the Issue Price.

Posted by orlandooil > 2015-02-25 15:08 | Report Abuse

viper88 orlandooil: Last mth in 1Q15 is end of March.

If u read the announcement by CEO, it was on 3/12/14...just nicely done 2 weeks+ before THHEAVY warrant expired on 20/12/2014.. Warrant players get caught badly...unless they willing to convert +0.51 for future long term play buy mother price is even cheaper that time!
Those holding warrant sell off at dirt cheap price + mother share also plunge same day till 0.365 and continue to fall continuously daily till 0.275. When the price is low, those big players accumulates and buy most of it.



You say >>>>>> When the price is low, those big players accumulates and buy most of it. >>>>>> So, So far have u seen the big players convert their warrant to share??

Posted by Analyst8 > 2015-02-25 15:22 | Report Abuse

viper88, sorry I do not read those who write non-sense to mislead others. I believe the objective of this blog is for info sharing and not a forum to influence or mislead others. Let the members to evaluate based on available information. The way you write is the price will definitely go up. I pity those who will be caught after the ICPS.

Remember, smart investors sell when the news is out.

Posted by viper88 > 2015-02-25 15:53 | Report Abuse

orlandooil: U can check the warrants and main shares historical chart price and vol movement. Can c the high vol transaction during the end of December and end jan - towards early feb.
Both transaction involves warrants and main shares buy & sell.

For warrant convertion, only the buyers will decide whether to convert or not but base on closing price... 0.005 - 0.01.. to convert +0.51 will be long term big players.

Posted by viper88 > 2015-02-25 16:08 | Report Abuse

Analyst8: non-sense? U dont know how to think for own investment trade and follow blindly?
So weak and get swayed influence easily? In stock. there 3 movement direction.. down, sideways and up... Only big players can control the stock price movement...

Well u better read ur own posting rm0.30 will be in money.. lol.. That's a real non-sense and a joke... those big players that bought way much higher will be laughing at ur non-sense posting.
They are pushing and supporting THHEAVY price close to 0.40+/- for nothing den... they might as well just support it at 0.25 since don't have to pay money for the rights as wat u've commented earlier.

No point reply to u, since u don't have an open mind of stock movement and how rights issues in money works and don't bother to check with analyst/remiser.

If cant stand the changes or take the risk.. pls exit at the price suit own appetite.
THHEAVY is not for small fry to swim that alwys fear get eaten by bigger fish.

Posted by Analyst8 > 2015-02-25 17:05 | Report Abuse

The real non-sence is soemone speculating the share price will skyrocket today because T+4 is over and Fund Managers are back. Sad to say it didn't happen. Probably, try to justify with another excuse. Lol....

Posted by Analyst8 > 2015-02-25 17:10 | Report Abuse

I think some big players are sick today. Probably they will be back tomorrow to support the counter tomorrow...lol

Posted by sheep > 2015-02-25 19:47 | Report Abuse

q result still not out...only meant one .thing......BAD, VERY BAd.... pn17 coming

Posted by Ameera > 2015-02-25 20:23 | Report Abuse

Will be bad the QTR results? I read somewhere possible to be good this time..... Hemm....

Posted by Analyst8 > 2015-02-25 20:36 | Report Abuse

With the challenges surrounding the company during last q of 2014, the q result is unlikely to be favourable. Trade wisely.

Posted by annmix > 2015-02-26 02:33 | Report Abuse

Well some same people here also say pn4 la pn whatever in perisai forum, end up perisai slap thier face by giving surprising result.. mayb same goes to thheavy, who knows ..

Posted by Ameera > 2015-02-26 06:43 | Report Abuse

Indeed is true... Sometimes the outcomes mayb otherwise like Perisai.... Hope for the best!