RPS ex-date is 5mar. Terms and conditions look good to me: right/share=0.2, free warrant/RPS=3.5, tenure is 5 yrs, interest 5%/yr. So, expecting price to move upwards.
Right issue if for debt its bad thing, but if for expansion then it is good. After looking at their AFS this company does not have much debt, many debt maturity for long term only.Recently it got technical pullback, looking at FA this company got good business prospect, with the implementation of nationwide digitalization can expect more growth for Omesti.
CharlesT, yes similar to India's, but interest is 5%instead of 3.8%,and number of free warrants per RPS subscribed is 3.5 instead of 2.5. Can you calculate the potential gain if mother is say 58-60sen?
Posted by Peace99 > Feb 22, 2021 8:23 AM | Report Abuse
CharlesT, yes similar to India's, but interest is 5%instead of 3.8%,and number of free warrants per RPS subscribed is 3.5 instead of 2.5. Can you calculate the potential gain if mother is say 58-60sen?
One RPS comes with 2.33WA...not 3.5WA...check betul betul lah
RENOUNCEABLE RIGHTS ISSUE OF UP TO 119,775,812 NEW REDEEMABLE PREFERENCE SHARES ("RPS") IN OMESTI TOGETHER WITH UP TO 279,476,894 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 1 RPS FOR EVERY 5 EXISTING ORDINARY SHARES TOGETHER WITH 7 FREE WARRANTS FOR EVERY 3 RPS SUBSCRIBED FOR, AT 5.00 P.M. ON 8 MARCH 2021 AT AN ISSUE PRICE OF RM1.00 PER RPS ("RIGHTS ISSUE OF RPS WITH WARRANTS")
CharlesT, did the kindergarten math assuming exercise warrant, pls check, hope no mistake: Let m0 be price of mother bought in sen, m1 price of mother after warrant exercised, so the gain% is:((m1-m0)+2.33(m1-50))/(m0+2.33×50). Plus the 5%interest.
In other words, to get more than the 5%, (from the numerator), the condition is m1>0.3m0+35.eg1.m0=50,m1>50(obviously). Eg2. m0=55,m1>51.5. eg3.m0=60, m1>53. In words, eg2 says if buy mother at 55sen now, and mother is more than 51.5 after warrants conversion than gain will be more than the 5%.Of course also assuming you have not sold the original mother bought at 55sen. Yes, there are quite a few it's, but my intention is just to get some numbers to have a feel of what I am getting into. I feel the chance of getting more than 5%is high, but you judge please.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2904 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
rach88
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Posted by rach88 > 2020-12-11 15:09 | Report Abuse
go go go....