I 4 : paperplane can help you for pushing up...as his profile picture is * Ray Dalio *....paperplane: where is your * David Einhorn * 's profile picture ? ;)
What is this always conversion of shares for listing when is d last batch of shares for conversion.When is d AGM n in d last Agm it was hinted by Dir....of 5cts dividend.I understand from Remiser conversion ends this mth n Agm due, probably once dividend announced share price 55-60. They r also invoved in renewable energy.
why they want to convert since they can buy cheaper from market, now only 0.33? who so stupid convert by 0.52, immediate loss after conversion...unless the mother above 0.52... cannot understand right? or the conversion is cheaper but we don't know...got discount...
MJPerak had been seeing continuous conversion of the ICPS before the announcement of the proposed land sale. The conversion of the ICPS at a premium had put certain attention towards the incoming development of the company in the coming days.
Taking an average of 30 cents as the cost of acquiring the ICPS (MJPerak-PA), at the exercise price of RM 0.70 at the conversion ratio of 10 ICPS : 7 shares, the insider is paying a hefty price of RM 0.528 for a mother share in MJPerak. Assuming a lower cost of acquiring the ICPS at RM 0.25, it will still translate to a price of RM 0.457 paid for each share.
Example of calculation based on ICPS acquired at RM 0.30
I4 :special dividend of ~ 2c . The recently 1st batch conversion of 0.2 only cost nearly 0.2857 ; 2nd batch conversion of 0.19 ~>0.2714 【the holders of icps also entitled for the special dividend】
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....
Paperplane4444
95 posts
Posted by Paperplane4444 > 2016-03-29 20:28 | Report Abuse
Waiting for next 10 years .............