14 Jam = EGM Mid Feb = announcement of capital repayment entitlement Early Mar = Lodgement of sealed copy of order by high court approval Mid/end Mar = Completion of capital repayment
The recent result release indicate continue improvement both in revenue and profit Its net profit rose 27% to RM13.0 million, while revenue up 6.4% to RM42 million. Technically, RCECap still rest in an uptrend line, with continue improvement in financial result + upcoming capital repayment + undemanding valuation trading at a PE merely 7.5 times and price to book ratio stood at 0.7 time (NTA of RM0.35/share) + regular dividend payout ratio 70% = investment grade stock
EGM already pass the capital repayment on 14 Jan, now alrdy almost 2 month over , therefore, the high court order can be approve anytime now, range waiting period time could be these few days to few more week with aim target at least 10% profit return...offer great opptunity to accumulate now
Yeah,TS Azman Hashim acquired 48,238,000 million shares on 19 Feb while TS Mohd Zaman Khan acquired 375,000 on 25 Feb.By ex date could possibly trade at 0.30 sen and above
Great news regarding MULTIPLE PROPOSALS! Extract from Bursa Malaysia announcement: "On behalf of the Board of Directors of RCE, AmInvestment Bank Berhad wishes to announce that the hearing of the petition for the Proposed Share Capital Reduction is fixed on 5 April 2016. In this respect, the notice of hearing of the petition will be advertised in ‘The Star’ and ‘Nanyang Siang Pau’ newspapers on 8 March 2016.
Upon obtaining the sealed copy of the order by the High Court of Malaya confirming the Proposed Share Capital Reduction, RCE will proceed to implement the Proposals.
When sealed copy of the order by the High Court of Malaya confirming the Proposed Share Capital Reduction, is obtained on 5 April 2016 and ex-date of entitlement fixed, sure lagi NAIK! Wait for windfall.
Posted by yuanlong57 > Mar 31, 2016 10:13 PM | Report Abuse
When sealed copy of the order by the High Court of Malaya confirming the Proposed Share Capital Reduction, is obtained on 5 April 2016 and ex-date of entitlement fixed, sure lagi NAIK! Wait for windfall.
YES!
FOR RCECAP
JUST BUY AND LOCK IT UP. IT IS JUST LIKE A FIXED DEPOSIT IN THE BANK. IT IS PAYING BETTER RATES THAN ANY FIXED DEPOSIT ON OFFER TODAY IN MALAYSIA
RCE Capital's 3Q profit quadruples on investment gain, higher interest income February 4, 2016 at 5:55pm By Tan Siew Mung / theedgemarkets.com | February 3, 2016 : 9:59 PM MYT
KUALA LUMPUR (Feb 3): RCE Capital Bhd’s net profit went up more than four times to RM13 million in the third quarter ended 31 Dec 2015 (3QFY16), from RM3.13 million a year ago, as its revenue rose 23.9%, primarily driven by higher interest income.
The favourable results were also because of a RM1.9 million net gain on disposal of an investment property, its bourse filing today showed. RCE also noted that the last corresponding quarter's net profit came in after taking into consideration the preference share dividend paid.
Meanwhile, its revenue for the quarter increased by 23.9% to RM41.55 million, from RM33.54 million in the previous year, mainly contributed by a RM7.9 million increase in interest income from the loan financing segment, due to a higher loan base and the introduction of improved margin products.
For the cumulative nine months (9MFY16), the group’s net profit more than doubled to RM32.66 million, from RM15.65 million in 9MFY15; while its revenue rose 22.6% to RM118.08 million, from RM96.3 million, primarily driven by higher interest income, as the loan base grew by 16.9% to RM1.362 billion from RM1.165 billion.
The group said in a statement that the results were due to the group's initiatives to improve asset quality, which have been encouraging.
“The group remains focused on strengthening credit quality, improving turnaround time for loan disbursements and controlling costs,” it said.
In the absence of unexpected events, the group’s financial performance for its financial year ending March 31, 2016 will be an improvement over the previous year’s results, it added.
RCE Capital fell 1.92% to 26 sen today, for a market capitalisation of RM331.73 million.
Circular to the Shareholders : Multiple Proposals (see p.2-4) 3 Stages of Implementation 1. Share repayment - 7.5 sen per unit to shareholders 2. Share consolidation - e.g. LPD 0.265 - 0.075 = 0.19 ; 0.19 × 4 = 0.76 3. Share price readjustment & relisting at Bursa Malaysia Reference: http://www.bursamalaysia.com/market/listed-companies/company-announcements/4958169
Capital repayment will be executed in next 2 week time.....tomorrow is court hearing....if approved.....it will take at least week to extract seal copy......then....RCE will need to have board meeting to decide on date of entitlement.
We refer to the announcements dated 5 November 2015, 25 November 2015, 8 December 2015, 14 January 2016, 15 January 2016 and 7 March 2016 in relation to the Proposals (“Announcements”).
Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Announcements.
On behalf of the Board of Directors of RCE, AmInvestment Bank Berhad wishes to announce that the High Court of Malaya had on 5 April 2016 granted a court order confirming the Proposed Share Capital Reduction (“Order”). The effective date of the Proposed Share Capital Reduction will be the date the sealed copy of the Order is lodged with the Companies Commission of Malaysia.
EX-date 21 Apr 2016 Entitlement date 25 Apr 2016 Entitlement time 05:00 PM Entitlement subject Share consolidate Entitlement description Share consolidation involving the consolidation of every four (4) ordinary shares of RM0.025 each in RCE Capital Berhad ("RCE") into one (1) ordinary share of RM0.10 each in RCE ("Consolidated Share") after the Share Capital Reduction ("Share Consolidation") Period of interest payment to Financial Year End 31 Mar 2017 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 59200Kuala Lumpur Tel:0327839299 Fax:0327839222 Payment date a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 25 Apr 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 Ratio Ratio 1 : 4 Rights Issue/Offer Price Par Value Malaysian Ringgit (MYR) 0.025
Remarks : Reference is made to RCE's announcement dated 11 April 2016 in relation to the entitlement date of the Capital Repayment ("Announcement"). Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Announcement.
Please note that the entitlement date of the Capital Repayment and Share Consolidation is on 25 April 2016. Accordingly, shareholders of RCE whose names appear in RCE's Record of Depositors as at 5.00 p.m. on 25 April 2016 shall be entitled to both the Capital Repayment and Share Consolidation.
The Capital Repayment involves a cash distribution of RM0.075 for each ordinary share of RM0.10 each in RCE held on the Capital Repayment Entitlement Date. The Capital Repayment will be implemented by way of Share Capital Reduction as approved by RCE's shareholders on 14 January 2016 and confirmed by the High Court of Malaya on 5 April 2016.
Immediately after the Share Capital Reduction, RCE will undertake the Share Consolidation. In determining shareholders' entitlement to the Consolidated Shares, fractional entitlements, if any, will be disregarded and shall be dealt with in such manner as the Board of Directors of RCE shall in its absolute discretion deems fit and expedient in order to minimize the incidence of odd lots, and in the best interest of RCE.
The date of the listing of and quotation for the Consolidated Shares shall be on 26 April 2016, being the next market day immediately after the entitlement date of the Share Consolidation.
There will be no suspension of trading of RCE shares on Bursa Malaysia Securities Berhad ("Bursa Securities") for the purpose of implementing the Share Consolidation.
The notices of allotment will be issued and despatched to all the entitled shareholders of RCE within four (4) market days after the date of the listing of and quotation for the Consolidated Shares on the Main Market of Bursa Securities.
RCE's shareholders are not required to take any action in respect of the Share Consolidation.
Hi anyone care to shed some light if buy at 0.28 after capital repayment of 0.075 and capital reduction of 4 to 1 what will be the likely share price 0.8 or above that ?
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....
hng33
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Posted by hng33 > 2016-03-02 09:10 | Report Abuse
Accumulate more RCE at 26.5sen