Eg, if you had 5k unit on 2 Nov2016. On 8 Nov, u will have 14k shares. (i) share split:5k become 10k. (ii)Bonus share: 10k share will have 4k bonus share(10k/5X2)... Total is 14k share
No different how you calculate, if you have 5k shares, bonus share 2k becomes 7k shares. Share split 7k will be 14k shares. Thus, if you have 5k shares, it's still gonna be 14k shares.
In 2014, 1st day after announce ex date price up 7 cents. 2nd day up 23 cents. 3rd day up 47 cents. May not expect price up so high if base on percentage, but 0.50 for first 3 days possible. One more thing is coming q results will be out very soon. You can expect record earning, which can keep the share price in uptrend even after ex.
No need to sell first. First day of announcement price can't move much. Many sell on news. The price haven't reflected actual value base on fundamental. Usd strong, aluminium price strong, 3rd q record earning. 4th q another record.
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Kenanga Research & Investment Author: kiasutrader | Latest post: Thu, 27 Oct 2016, 09:37 AM
Blog Headlines (by Date) Blog Index Press Metal Berhad - Share Split and Bonus Issue Author: kiasutrader | Publish date: Tue, 12 Jul 2016, 10:06 AM
Press Metal Berhad (PMETAL) has proposed to undertake: (i) 1:2 share split, (ii) bonus issue of 2 for 5 subdivided shares, and (iii) an internal reorganization into an investment holding company. We are positive on the proposal as it improves share liquidity while the reorganization will further streamline operating segments and taxation structure. Maintain earnings and OUTPERFORM call, while we upgrade our TP to RM4.21 (from RM3.65) on expected post-expansion re-rating.
Split and bonus. PMETAL has announced the following proposals:
(i) Share split involving the subdivision of every 1 ordinary share of RM0.50 each into 2 ordinary shares of RM0.25 each (subdivided shares).
(ii) Bonus issue of up to 1.15m new bonus shares on the basis of 2 bonus shares for every 5 subdivided shares.
(iii) Proposed increase in authorised share capital from RM1.0b comprising 2.0b PMETAL shares to RM2.0b comprising 8.0b subdivided shares.
(iv) Amendments to Memorandum and Articles of Association to facilitate the proposals.
(v) Proposed internal reorganization via share exchange of all subdivided shares and warrants into a new investment holding company (Newco) on the basis of 1 Newco share for every 1 subdivided share and 1 Newco warrant for every 1 existing PMETAL warrant and proposed transfer of listing to Newco shares and warrants.
Adding liquidity. We are positive on the proposed share split and bonus as we concur with management that the move should improve the liquidity of PMETAL shares and reward existing shareholders whilst maintaining their equity interest. We are also optimistic on the proposed reorganization into an investment holding company as this should provide more flexibility in its operating segments, reduce legal/creditor risk, and streamline its tax structure.
Maintain FY16-17E CNP at RM343-457m as the proposals have no earnings impact.
Maintain OUTPERFORM with higher TP of RM4.21 (ex-split/bonus TP: RM1.50). We reiterate our OUTPERFORM call as we believe PMETAL shares are likely to continue re-rating in view of its latest capacity expansion (Samalaju Phase 3) which raises FY17E total smelting capacity by 27% to 760k MT/year. As a result, we raise our TP to RM4.21 (exsplit/ bonus TP: RM1.50) from RM3.65, based on a higher Fwd. PER of 12.7x (from 11.0x) applied to unchanged FY17E FD EPS of 33.2 sen (exsplit/ bonus: 11.8 sen). Our Fwd. PER of 12.7x is derived from FY17E capacity growth of 27% added to PMETAL’s historical implied PER of 10.0x, after excluding previous years’ capacity growth. The Fwd. PER of 12.7x implies a lower discount of 13% against the FBM70’s Fwd. PER of 14.6x (previous discount: 21%), which we think is fair due to PMETAL’s rerating potential.
Investo , wishing you a happy and prosperous HAPPY DEEPAVALI 2016 . Next week Pmetal sure up one because Alu. futures already above 1700 . Should buy more okey . Enjoy your DEEPAVALI tomorrow . Pmetal boleh dan tetap boleh . No more scare okey .
EX-date 10 Nov 2016 Entitlement date 14 Nov 2016 Entitlement time 05:00 PM Entitlement subject Interim Dividend Entitlement description Third Interim Single Tier Dividend of 4% per ordinary share for the financial year ending 31 December 2016 Period of interest payment to Financial Year End 31 Dec 2016 Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement Registrar or Service Provider name, address, telephone no TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Tel:0327839299 Fax:0327839222 Payment date 25 Nov 2016 a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 14 Nov 2016 b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. Number of new shares/securities issued (units) (If applicable) Entitlement indicator Percentage Entitlement in Percentage (%) 4 Par Value Malaysian Ringgit (MYR) 0.500
Remarks : 1) The third interim dividend of 4% (or 1 sen) is derived based on the enlarged share capital after the Proposed Share Split and Proposed Bonus Issue.
2) The holders of the Warrants C must exercise their respective outstanding Warrants C and lodge their duly completed and signed exercise form together with the exercise monies with the share registrar of the Company, Tricor Investor & Issuing House Services Sdn Bhd by 5.00 p.m. on 1 November 2016 in order to be entitled to the Third Interim Dividend.
3) The entitlement date for this dividend is after the entitlement date of the Subdivision and Bonus Issue which were announced on 25 October 2016 ("Subdivision and BI Announcements"). For details of the Subdivision and Bonus Issue, please refer to the Subdivision and BI Announcements accordingly.
Tomorrow tambah nilai lagi untuk counter CscStel dan Pmetal . Never give up to both of this counters . Swicth all those LOUSY stocks into this two counters only . Esok taruh ini dua counters cukup-cukup sahaja . CscStel dan Pmetal akan tetap sama-sama boleh . Don't bother what the stocks price is tomorrow ?
It's normal for fund managers to sell, adjust their portfolio or other reason, especially the share price goes up a lot. Recently in Sendai, EPF is selling when the price jump to over 0.50. I took the opportunity to jump in when the price retreat to 0.47. It has a turnaround story.. see, the price is 0.52 now.. How about Pmetal coming q earning?
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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....
Daxchel
10 posts
Posted by Daxchel > 2016-10-25 21:26 | Report Abuse
You mean all warrants have to be exercised now? Then why there is a new adjusted exercise price at RM0.39?