AnsonLiew. Many feel sorry for you. I will message you when it drops below RM2 but that should be after the bonus shares have been given out. Don't waste your time here, it won't drop now. If you have good shares to recommend us here, please let us know. Thanks in advance
Early December 2020 Bonus Entitlement Date Listing and quotation for the Bonus Shares on the Main Market of Bursa Securities Announcement of Warrants Entitlement Date Mid December 2020 Warrants Entitlement Date Listing and quotation for the Warrants on the Main Market of Bursa Securities
Haha. Okay, okay. Sorry. So looks like Ansonliew is the lone swordsman fighting his own war. Poor fella, Ansonliew. As awangdaud007 said about Ansonliew, "Kesian budak ini".
The entitlement date for the issue of free warrants will be determined after the listing of the bonus shares.
Accordingly, the exercise price of the warrants will be set at a premium of up to 30% to the trading price of SCIB shares after the listing of bonus shares.
“The board, in arriving at the basis to set the exercise price at a premium of up to 30% based on the share price of SCIB post-the listing of bonus shares, has taken into consideration its current order book of approximately RM1.4 billion, which is expected to contribute positively to the future earnings of the group and provide earnings visibility of up to four years,” it said in a statement.
If co want more conversion money for warrant, i will let the price up post bonus issue as the warrant exercise price will be determined by adding 30% to the ex bonus price.. If market give warrant 50% premium, so the warrant should another 20% premium, price at 20 - 30cent.
This is cheaper than Kpower which warrant conversion price is RM2. 50... Does this mean Karim See Kpower future profit will grow faster than SCIB?
This proposal was out during the Egm on 17Nov,clearly stated the exercise price will be at 30% premium to the ex bonus share.One so called sifu yesterday said if warrant exercise below $1 will benefits everyone?If warrant exercise price is under $1,that means the mother will be less than $0.80 after ex,she clearly did not go thru all the announcement and just tembak.
For sure Kpower will go up more if u see the exercise price,if they use 30% premium as Scib(same IB UOB)Kpower will go near $8 and split became slightly $2,exercise price 30% premium is $2.50.
Thks charlie chia for the highlight. Yes it 3yrs term warrant.
ESTIMATED TIMEFRAME FOR COMPLETION Barring any unforeseen circumstances and subject to all required approvals being obtained, our Board expects the Proposals to be completed in the fourth quarter of 2020. The tentative timetable in relation to the Proposals are set out below:-
Timeline Events 17 November 2020 Convening of EGM End November 2020 Announcement of Bonus Entitlement Date
Timeline Events Early December 2020 Bonus Entitlement Date Listing and quotation for the Bonus Shares on the Main Market of Bursa Securities Announcement of Warrants Entitlement Date Mid December 2020 Warrants Entitlement Date Listing and quotation for the Warrants on the Main Market of Bursa Securities
Scib warrant premium is not fixed at 30%. It is stated in as UP TO 30%. A guy during AGM requested to be at 25%. Karim said he will take note on it. Let see how it goes. As under EGM notice Announcement for X Date at End of Nov Bonus listing by Early Dec Warrant announcement on mid dec
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....
awangdaud007
55 posts
Posted by awangdaud007 > 2020-11-19 10:12 | Report Abuse
Anson so hardworking also cant make it below RM4 thats mean he is ikan bilis...hahahaha