Posted by HC Lee > 2014-02-22 09:40 | Report Abuse

Agree with trader88...there is not much shares floating around. With a recession proof business and mostly high quality multinational clients, zero gearing... it will grow rapidly with the new management. The company could actually raise fundings without going for the right issues with it's zero gearing but choose to go for right issue to dilute the previous majority shareholder.

Posted by richcares > 2014-02-22 09:47 | Report Abuse

Agree trader 88. No brainer investment

Posted by trader8899 > 2014-02-22 10:41 | Report Abuse

http://bright.irplc.com/medianews.htm?filepath=BRIGHT/BRIGHT-TheStar-11022014.pdf

As at Feb 11 2014 Wong Shee Kai holds 32.81% from 22.73% in Oct 2013. Please note that one year ago exactly feb 21 2013 the market capitalisation is at 90 mio before the right issue exercise. At current price of 66 sen the market price is only RM 85 mio. Moving forward this stock is going up. Any down day is a good time to accumulate. Again BUY at your own RISK.

Posted by HC Lee > 2014-02-23 12:52 | Report Abuse

I still remember the new management said the rights issue is to reward the shareholders who had stay with them. Reward my foot. Tomorrow we should all grill them... is that the way they reward shareholders by bring down the market cap from 90 mio to 85 mio !

Posted by richcares > 2014-02-24 09:38 | Report Abuse

HClee- pliz update after grilling done

Posted by HC Lee > 2014-02-24 09:49 | Report Abuse

richcares...sorry..unable to make it today. No worry..there is always opportunity. As long as fundamentals are solid, we are still okay.

Posted by richcares > 2014-02-24 10:00 | Report Abuse

HClee- i am still investing

Posted by piotoy38 > 2014-02-25 10:37 | Report Abuse

Comrades overall mkt is in a down swing today probably expect major selldown these 2 days and bright maybe affected as well..hold and wait for the opportunity to buy low.

Posted by HC Lee > 2014-02-25 13:59 | Report Abuse

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=232002:new-terminal-at-port-klang-to-handle-30m-teus&Itemid=3#axzz2uJKDO0wR

Posted by HC Lee > 2014-02-25 14:00 | Report Abuse

Correct link.....http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=231982:mandatory-general-offer-for-bright-packaging-unlikely&Itemid=3#axzz2uJKianca

Posted by HC Lee > 2014-02-25 14:31 | Report Abuse

Next FY profit going to double. I think they are accumulating at the low price to eventually takeover?

Posted by richcares > 2014-02-25 14:33 | Report Abuse

almost MGO alredy. Can Ricky Wong deny it??

Posted by ryan7642 > 2014-02-26 09:35 | Report Abuse

hmm seem like quite interesting on this share d share holder keep buying the share..i ad buy the warrant kao kao at 0.23 hopefully same % trend or more as the mother (0.1/0.57*100=17% boost n still keep going to break rm0.7 n above) soon..happy investing^^

Posted by piotoy38 > 2014-02-26 10:13 | Report Abuse

Hi just sharing my views..1) warrant @ 0.23 is a steal when mother is up 0.82.Usually warrant pricing would be 50% of current mother price given the lengthy conversion period 5yrs. 2) Again mother up to 1.23 n higher which warrant price will hold around 0.40 and enable conversion to take place...Company biz is doing well and with all the right issue money and the warrant conversion money...biz can expand into other countries..

Posted by ryan7642 > 2014-02-26 14:31 | Report Abuse

for me Bright is a good based co beside the most important is that it also a share that use to goreng by ppls/big player etc i notice it few times b4 share split n after split eg b4 split it float btwn 0.9-1.3/1.4 after split it float 0.55-0.67 (recently boost)(**b4 split usually their goreng is ard 40-50% so the same after split i guess)..anyway just my point of view la happy investing:)

Posted by ryan7642 > 2014-02-26 14:32 | Report Abuse

so dont let the golden chances slip away ard 0.22-0.23 range;) cos 40-50% is a lot profit margin^^

Posted by bowman > 2014-02-26 16:10 | Report Abuse

if it expands la

Posted by ryan7642 > 2014-02-26 21:35 | Report Abuse

I think they r surely will expand it after co mgmt hv some changes etc n I would like to compare it to Boxpak which is same industry:)

Posted by ryan7642 > 2014-02-27 13:52 | Report Abuse

yea up up all the way Bright!!show me your true color^^

Posted by HC Lee > 2014-02-27 16:52 | Report Abuse

Someone is collecting the warrants...despite the high premium, it is moving up rapidly. The mother share price is suppressed so that the warrants looks expensive and to entice people to sell...If there is such confidence in the warrants, the mother will be laying golden eggs sooner or later.

Posted by ryan7642 > 2014-02-27 18:43 | Report Abuse

mother up son will up simple theory dont complicated by the premium;)tml u will see the sunway share how it work due to if no mistaken some 1 did told me high premium etc..Success sample as MKH warrant/ho hup warrant/Bright warrant etc..

Posted by trader8899 > 2014-02-27 20:04 | Report Abuse

Assuming quarterly earnings conservatively and consistently maintain at 4 sen a share (last quarter 6.27 sen a share) over the 5 years period or 20 quarters and with no dividend payout. That would come to 4 sen x 20 quarters = 80 sen a share. At current price of 66.5 sen and add 80 sen total earnings throughout the 5 years period the price of Bright Packaging will come to RM 1.465 sen. Warrant will be in the money (RM1.465-82. sen strike price) at 80.5 sen a share. At 24 sen Bright-wa is deemed cheap because in 12 months Bright price should be trading around 82 sen (4sen x 4 quarters = 16 sen) a share or at the money.

Posted by richcares > 2014-02-27 21:54 | Report Abuse

trader8899 - mind blogging lei

Posted by ryan7642 > 2014-02-28 22:43 | Report Abuse

Summary is tat bright value is worth more than wat the current share price is:)

Posted by piotoy38 > 2014-03-03 10:11 | Report Abuse

Surprisingly huge warrants was disposed in the open market as announced on 27/1/2014 by the major shareholders.HC Lee you are right as someone is collecting the warrants but definitely someone related to the board else Ricky would lose control if all warrant conversion takes place...but i guess they are all related anyway..

Posted by richcares > 2014-03-03 15:36 | Report Abuse

Why fibre optics

Posted by param54 > 2014-03-03 16:44 | Report Abuse

bright turn on you spotlight

Posted by piotoy38 > 2014-03-03 16:46 | Report Abuse

Global war tensions caused today selling = stock meltdown.However aluminium foil is a good conductor of heat which should heat up and cool down fast as well..let it heat up for a few days and see whether averaging possible by then..

Posted by HC Lee > 2014-03-03 23:16 | Report Abuse

piotoy...you will never lose averaging down your cost with this counter unless the fundamental change. Let Ricky and gang push down as much as possible. They often do to force margin call to collect cheap. We cannot fight them but need to follow them..buy cheap when the opportunity present itself. I have used this strategy for some time now and the rewards are very satisfactory.

Posted by piotoy38 > 2014-03-04 08:52 | Report Abuse

Morning Lee.u are damn right we should just follow pace with them.But as you know global market sentiment is still negative.i am expecting another all time low today to put my averaging to work.

Posted by piotoy38 > 2014-03-04 09:16 | Report Abuse

Recent announcement confirmed change in the chairman seat..its neither good or bad but if anoounce new biz ventures eg: expansion of the new packaging product lines n other new businesses, still depends whether $$ invested is purely investment or down the drain..

Posted by param54 > 2014-03-04 09:19 | Report Abuse

now bright change name to dim packaging

Posted by piotoy38 > 2014-03-04 09:24 | Report Abuse

Never know.The key to success is to know who holds majority of the warrants right now..

Posted by HC Lee > 2014-03-04 10:35 | Report Abuse

piotoy..sometime we must not be distracted by the noise. The important thing is whether Bright fundamental improve or deteriorate. I think the depress price is due to weak holders like Demi Maju disposing...once this is over, we will reap the rewards.

Posted by piotoy38 > 2014-03-04 10:46 | Report Abuse

Lee my opinion is that current foil biz maintain but will not generate sufficient profits to up to a dollar based on the enlarged share capital.New biz expansion is the key to change bright in the near future.My guess is that this new biz requires major capital commitment and all the right issue $$ and warrant conversion $$ will be needed to make such a move.

Posted by piotoy38 > 2014-03-04 10:47 | Report Abuse

Just a small conversion of the warrant by someone will change it all...

Posted by HC Lee > 2014-03-04 11:05 | Report Abuse

Piotoy..they have more or less allocated the proceed of the rights to invest in 2 additional lines ( i think will double their existing capacity ), erp system and some for working capital. If they can double their capacity...shd be okay for time being. Bear in mind the biz with BAT will be a very lucrative one. I also believe the new managemt are more dynamic.

Posted by piotoy38 > 2014-03-04 11:30 | Report Abuse

Comprehend..thanks

Posted by ryan7642 > 2014-03-04 18:03 | Report Abuse

hmm today trend seem not bad hopefully tml onwards keep goes on gambate Bright~~

Posted by trader8899 > 2014-03-04 21:31 | Report Abuse

Ricky already holding 32.8% and my guess is that he is already holding more than the registered figure thru nominees. Ricky will never use his own money to fund the takeover. All this can be concluded from the news he has been wanting you guys to know about. Journalists are all paid to write up a good story. So Ricky definitely wants the price to be higher than his purchased price. Not to mention the hedge funds, HALLEY also went in and bought a 9% stake. The reason why the price drop is because of people selling on the news. After all these weak holders are taken out will you see a gradual increase of the share price to reflect the true value of the stock. Please take note that not too long ago many investors were trapped when the price went up to RM 2.09 and these investors can't wait to unload their holdings especially when the price reaching 70 sen resistance level.

Posted by piotoy38 > 2014-03-04 23:04 | Report Abuse

Hmm 2.09 + 0.55 rights issue = 2.64 - warrant 0.23 = 2.41 (breakeven price) divide by 2 = 1.205 if sold @ 0.70 then would be loss of 0.55 cents...wow good for Ricky...

Posted by speakup > 2014-03-05 07:43 | Report Abuse

ketua umno cheras Syed Ali still in Bright? or out already?

Posted by trader8899 > 2014-03-05 07:44 | Report Abuse

The corporate exercise, announced in October 2013, involved a renounceable rights
issue of 86.569 million new shares on a two for one basis. Bright Packaging also issued 57.71 million free warrants on the basis of one warrant for every three rights shares subscribed. I believe Ricky Wong did not buy at the price of RM 2.09. More information on Ricky Wong's purchases of Bright shares http://bright.irplc.com/medianews.htm?filepath=BRIGHT/BRIGHT-TheEdge-24022014.pdf

One thing for sure is that at the current price the share is very cheap compare to those who bought them before the right issues.

Posted by Invest123 > 2014-03-05 14:29 | Report Abuse

Less the free wa, the cost is around 70 sen.

Posted by HC Lee > 2014-03-05 14:59 | Report Abuse

Ketua umno sold all "his" shares and now become Mr Chairman...These shares are most likely held as nominees for Ricky...and so are many others.

Posted by HC Lee > 2014-03-05 15:05 | Report Abuse

traders8899...agree wit u...price now are very much cheaper than before rights. If you had observed the transactions after the rights were announced...some days the price were damn low. Most likely these shares were dispose off by Demi Maju...( probably not able to get funds in time ) and Ricky probably must have collected a lot at these cheap prices.

Posted by lampard > 2014-03-05 16:45 | Report Abuse

Have a bright future ahead!

Posted by lampard > 2014-03-05 16:45 | Report Abuse

Buy now..

Posted by John_Revolver > 2014-03-06 15:50 | Report Abuse

The future is BRIGHT!

Posted by lampard > 2014-03-06 16:02 | Report Abuse

ya as I said very bright future..