Posted by CapitalCraftsman > 2 months ago | Report Abuse

Arbitrage opportunities depend on conversion prices etc. rather than the coupon rate.
If you want to hold ICULS then you will earn 0.10% interest

Posted by KopioDinosaur > 2 months ago | Report Abuse

If price maintain around 0.22 then can play la

Posted by Apple4Oranges > 2 months ago | Report Abuse

When the parent stock price is cheap, you can buy more. Then you can subscribe to more ICULS to catch arbitrage

Posted by peaceKeeperGPT > 2 months ago | Report Abuse

yep, just buy around 0.19-0.20.. now is the chance to pick up cheap..

Posted by Adam92Rosli > 2 months ago | Report Abuse

Low mother share price currently. The subscription cost very low for this loan stocks too, only RM0.05 each

Posted by smehct > 2 months ago | Report Abuse

It would be cheaper to buy the mother share now ? Instead of subscripting the icul at 5 cents and the conversion price is rm 0.20 .
It's a scamm.

Posted by RonnyWu > 2 months ago | Report Abuse

Haha, this smehct dnt know much about arbitrage opportunity and call it a scamm. Laugh die me 😂

Posted by KopioDinosaur > 2 months ago | Report Abuse

why not buy cheap mother & subscribe? double profit

Posted by tomxi88 > 2 months ago | Report Abuse

Snipe below 0.20 lah, got some potential

Posted by smehct > 2 months ago | Report Abuse

Beware of people using arbitrage opportunity to lure u buying more iculs.

Posted by RonnyWu > 1 month ago | Report Abuse

See, mother share is going up. This smehct know nothing about this arbitrage 😆

Posted by Lee Ying Yee > 1 month ago | Report Abuse

1 to 5 iculs ?? need u $$ ?

Posted by familymartfan99 > 1 month ago | Report Abuse

amboi still can push up when RI soon

Posted by Robinmoon > 1 month ago | Report Abuse

Huge rebound, wait for retrace for re-enter again

Posted by Adam92Rosli > 1 month ago | Report Abuse

Good for the people who got grabbed it while it's at 20 cents there 🤗 better subscribe the ICULS before 11th if want to earn from it

Posted by chefjeff388 > 1 month ago | Report Abuse

already do my part buying around 0.20, wait for subscription period over & sweet profit later

Posted by CapitalCraftsman > 1 month ago | Report Abuse

According to the abridged prospectus, the company currently holds RM67.35 million in cash and after the rights issue, it may have substantial capital of more than RM130 million based on the base case scenario to prepare for next stages of growth for the company

Posted by CapitalCraftsman > 1 month ago | Report Abuse

this gives people a better chance of buying it while it's still cheap 🤓

Posted by fakelok747 > 1 month ago | Report Abuse

I think boss buying back most of it, already move back up so much

Posted by Adam92Rosli > 1 month ago | Report Abuse

(Highlight of the post)

The following is the arbitrage of the parent stock price against the value of the underlying ICULS : -
- Parent stock 25 sen = ICULS value equal to 10 sen (100% gain)
- Parent stock 30 sen = ICULS value equal to 15 sen (200% gain)
- Parent stock 35 sen = ICULS value equal to 20 sen (300% gain)

https://klse.i3investor.com/web/blog/detail/ICULS/2024-03-08-story-h-186601830

Posted by Illvya > 1 month ago | Report Abuse

masuk iculs, boss alredi support back up around 0.20-0.22

Posted by Apple4Oranges > 1 month ago | Report Abuse

Very lucky for people who got the mother shares at 20 cents 😁

Posted by RonnyWu > 1 month ago | Report Abuse

Nice sharing, Adam92Rosli. We are now considered to have 100% gain from ICULS alrdy. hhehe

Posted by KopioDinosaur > 1 month ago | Report Abuse

Finally move up, tq Techbase for ICULS

Posted by Robinmoon > 1 month ago | Report Abuse

30-35sen next station, waiting game is online now

Posted by KopioDinosaur > 1 month ago | Report Abuse

Still got time to subscribe for ICULS, grab it before too late

Posted by CapitalCraftsman > 1 month ago | Report Abuse

What's the difference between old address and new address 😆
https://klse.i3investor.com/web/companyinfo/detail/address?id=A_6002_1838159997

Posted by chefjeff388 > 1 month ago | Report Abuse

Spacing maybe??? anyhow price below 0.25 again, time to pick up

Posted by subaru88 > 1 month ago | Report Abuse

what does it mean for those who are holding mother shares?

Posted by Apple4Oranges > 1 month ago | Report Abuse

You can subscribe ICULS for an arbitrage opportunity, subaru88 😉😉

Posted by Apple4Oranges > 1 month ago | Report Abuse

... For investors holding the mother shares, the ICULS comes at a cost of 5 sen. Given the conversion price of 15 sen for the ICULS, this presents a significant arbitrage opportunity where the cost of converting to mother share is just 20 sen ...
https://focusmalaysia.my/arbitrage-opportunity-abounds-in-techbase-industries-rights-issue/

Posted by subaru88 > 1 month ago | Report Abuse

thanks Apple4Oranges. how do I subscribe to ICULS?

Posted by FhizzK > 1 month ago | Report Abuse

Nice sharing, as long mother share above 20sen then huatchai already, subaru88 can try contact your broker

Posted by lawlite007 > 1 month ago | Report Abuse

Just for sharing, might be a good potential
1. Each ICULS costs RM0.05.
2. Your capital outlay remains RM0.20 per share, regardless of the conversion method.
3. Selling shares at the TERP of RM0.235 to RM0.240 results in a profit.
4. Even if the share price drops to RM0.220 after Theoretical Ex-Rights Price , you still make at least a 10% gain.
5. For every Techbase share, you can buy 5 ICULS.
6. This means there's a potential 50% profit based on a conservative Ex-right price estimate!

Posted by AlfI3 > 1 month ago | Report Abuse

It was goreng up abv 0.20 to attract LR subscription, otherwise it very "likely b under subscribed".

Once LR is subscribed, major share holders will disposing dier stakes to cash out till below 0.20 & trapping bilis subscribers' $

This tactic had been used during previous LR such like EVD & Focus Dynamics LR. Got to b very2 kful guys. Pls study kfully to avoid being trapped till cry w no tears

Posted by AlfI3 > 1 month ago | Report Abuse

It's juz a showcase to attract u guys to subscribe its LR, as nobody wud cfrm supporting d mother to ensure it sustain abv 0.20

Posted by CapitalCraftsman > 1 month ago | Report Abuse

People who are new to the market will only watch veterans earn from this arbitrage play. ha😁

Posted by Adam92Rosli > 1 month ago | Report Abuse

easy gain from this ICULS. Dnt be stuck in poor mind like ikan bilis . You will cry w no tears if you miss it.

Posted by Illvya > 1 month ago | Report Abuse

Boss also subscribe mah, you think they will let mother go down below 0.20?

Posted by KopioDinosaur > 1 month ago | Report Abuse

better don't miss the train, steady trade above 25 cents, confirm 10-20% profit

Posted by Adam92Rosli > 1 month ago | Report Abuse

The train has left from 20 cents a few days ago alrdy and AlfI3 failed to catch it and he is grumpy about it 😏😏

Posted by Robinmoon > 1 month ago | Report Abuse

Total cost after converting ICULS is 20sen, while techbase is trading comfortably above 0.25... you guys know what to do...

Posted by RonnyWu > 1 month ago | Report Abuse

If Techbase move up to 0.30, ICULS brings you 200% profit 🤑 what are you waiting for

Posted by Apple4Oranges > 1 month ago | Report Abuse

The proceeds from Techbase’s rights issue are earmarked for several strategic initiatives, including the installation of rooftop solar photovoltaic systems, bolstering working capital, repaying bank borrowings and exploring acquisitions or investments in complementary businesses

Posted by MEGAupload > 1 month ago | Report Abuse

Our stock screener noted significant price momentum for Techbase Industries for the past 5 trading days. Both MFI and Accumulation Index showed positive indication of strong influx of buyers’ interest, supported by an upward trending EMA9. Over the immediate short term, we see a potential challenge to RM0.30 as the immediate resistance, while the support level remains at RM0.24.

For arbitrage traders, the subscription into the rights issue of Techbase is encouraged as Techbase is showing an uptrend, and with a conversion price of RM0.20 (surrendering 1 ICULS + RM0.15). Should Techbase hit RM0.30 (TP), the value of ICULS would be RM0.15, rendering a potential upside of 200%.

SP: RM0.24, RM0.20

TP: RM0.30

Posted by chefjeff388 > 1 month ago | Report Abuse

Big volume coming in today, moving towards to 0.30 while 0.20-0.25 is collecting region

Posted by FhizzK > 1 month ago | Report Abuse

Thanks for sharing, current price already big upside ! Subscribe & Huatchai!

Posted by CapitalCraftsman > 1 month ago | Report Abuse

easy gain, easy profit from this arbitrage opportunity

Posted by RonnyWu > 1 month ago | Report Abuse

Acceptance and payment date of ICULS is on 20 March. Fill the form out if interest to subscribe and hold them 😊

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=231271&name=EA_DS_ATTACHMENTS

Posted by Illvya > 1 month ago | Report Abuse

strong support around 0.25, lucky to average around 0.20, ez profit from arbitrage incoming