Posted by newbirds > 2014-07-06 12:29 | Report Abuse

kam sia. wangge.......any TP before rights share adjustment, ALex?

Posted by davidlim85 > 2014-07-06 15:17 | Report Abuse

Just some input to share
To those want to convert warrant to mother share
1 . you have to buy bank draft for the exercise price for total unit want to convert
2.the bank draft have to pay to inari warrants account as per state in the form.
2.To buy a bank draft pay to megapolitan for RM20 ( think is the processing fees)
3.but a pos laju/ express post send it to the related party

Posted by steady > 2014-07-06 15:41 | Report Abuse

what happen to warrant's ex-price if not converted?

Posted by steady > 2014-07-06 15:43 | Report Abuse

Will the ex-price of mother be like this calculation?
((8 x 3.16) + 1.50)/9? Like Uzma right issue?

Posted by wangge > 2014-07-06 16:02 | Report Abuse

If still don't know how and what for son to mother conversion.
Just pay $ to your remiser , they do all for you lah. Sap Sap Sui lah!

Posted by newbirds > 2014-07-06 16:12 | Report Abuse

another 17 hr to go.......hope price uptrend.

Posted by jjasonlim > 2014-07-06 16:19 | Report Abuse

so when is the date to entitle for right share?

Posted by newbirds > 2014-07-06 16:36 | Report Abuse

To be announce by management later.

Posted by steady > 2014-07-06 16:39 | Report Abuse

i think the conversion price will reduce. And that's the consideration where 8:1 instead of 6:1 or lowrr because taking 3.16, the conversion will reduce about 0.18, else the warrant will be expensive and not worth.
((8 x 3.16) + 1.50)/9 = 2.975.
3.16 - 2.98 = 0.18
warrant conversion 0.38 - 0.18 = 0.20
If adjustment of conversion happen, then not convert also never mind.
Let see how.

Posted by steady > 2014-07-06 16:41 | Report Abuse

wa is own company's warrant, sure they will taking care of.

Posted by jjasonlim > 2014-07-06 16:48 | Report Abuse

but convert from son WA to mother will take about 8 to 10 working days, don't know sempat or not...

Posted by Benz10 > 2014-07-06 17:09 | Report Abuse

The whole exercise will be completed by end of the year.
No need to worry about.

Posted by voonyoke > 2014-07-06 17:31 | Report Abuse

Yes, I think it would take at least 3 months to complete the rights issue. At that time, Inari might be traded above 3.50.

Posted by newbirds > 2014-07-06 18:43 | Report Abuse

Relax and wait....

Posted by lloydlim > 2014-07-06 18:47 | Report Abuse

voonyoke, u r right! It shall reach 3.50 by that time.

Posted by spanish > 2014-07-06 19:22 | Report Abuse

sorry ah...newbie question...where to buy bank draft? hahaha...

Posted by chieng > 2014-07-06 19:23 | Report Abuse

The free warrants are attractive assume with exercise price of RM2.00. Can get extra profit of RM0.90 if convert to mother share with ex-right price of RM2.90

Posted by spanish > 2014-07-06 19:23 | Report Abuse

post office right? so pay few thousand to post office and get bank draft?

Posted by Brent Soo > 2014-07-06 19:30 | Report Abuse

Bank draft should go bank. Not post office. Lolx

Posted by BURSAMASTER > 2014-07-06 20:27 | Report Abuse

IF YOU STUDY THE UZMA RIGHT ISSUE...THE SHARE PRICE MOVED UP UP ALL THE WAY AFTER ANNOUNCEMENT AND EVEN AFTER EX-PRICE DATE. I BELIEVE LOCAL N FOREIGN FUNDS WILL SNAP UP INARI SHARES TOMORROW ITSELF

Posted by lloydlim > 2014-07-06 20:32 | Report Abuse

Well say BURSAMASTER! Price should move up further by tomorrow!

Posted by buckbunny > 2014-07-07 09:11 | Report Abuse

11AM Good show time..

Posted by buckbunny > 2014-07-07 09:11 | Report Abuse

hold tightly,,,no emotional..

Posted by steady > 2014-07-07 09:13 | Report Abuse

people sell to get fund for rights issue :)

Posted by Alex Leow Sze Shen > 2014-07-07 09:14 | Report Abuse

Dun worry, everything is going to be alright! :)

Posted by Stockman > 2014-07-07 09:16 | Report Abuse

HLIB TP: 3.41

http://www.theedgemalaysia.com/business-news/297662-hlib-research-maintains-buy-on-inari-ups-target-price-to-rm341.html

Posted by Alex Leow Sze Shen > 2014-07-07 09:16 | Report Abuse

http://www.theedgemalaysia.com/business-news/297662-hlib-research-maintains-buy-on-inari-ups-target-price-to-rm341.html

Posted by dsonicfan > 2014-07-07 09:16 | Report Abuse

Assuming you subscribe for your 1000 rights issue:
1000 x RM1.50 = RM1,500

You will be awarded with 1000 warrants
If that warrants cost 2.65, 1000 x RM2.65 = RM2,650

Still selling? lol.

Posted by steady > 2014-07-07 09:17 | Report Abuse

who bought so many shares? give some to me.

Posted by kemfatt > 2014-07-07 09:19 | Report Abuse

Wow...market reacts to the announcement. Time to grab more.

Posted by chongway > 2014-07-07 09:20 | Report Abuse

little bit agree bursamaster !

Posted by BURSAMASTER > 2014-07-07 09:22 | Report Abuse

one Research house just made a "buy" call on inari at above 4.2xx

Posted by chongway > 2014-07-07 09:22 | Report Abuse

THANKS ALEX LEOW N STOCKMAN !

Posted by buckbunny > 2014-07-07 09:23 | Report Abuse

i have 500,000 shares..need to dig RM94K out for the right.

Posted by Alex Leow Sze Shen > 2014-07-07 09:27 | Report Abuse

http://www.thestar.com.my/Business/Investing/2014/07/07/Affin-Research--maitnains-Buy-onINari/

Posted by Alex Leow Sze Shen > 2014-07-07 09:31 | Report Abuse

wohooo, today gap down!

Posted by rosetan > 2014-07-07 09:32 | Report Abuse

I bought at 3.04.

Posted by rosetan > 2014-07-07 09:37 | Report Abuse

It will go up today, I strongly believe. Some sell perhaps because no money to pick up the rights issue.

Posted by jimstock > 2014-07-07 09:42 | Report Abuse

Rosetan, this is what I am thinking as well.

Posted by Alex Leow Sze Shen > 2014-07-07 09:43 | Report Abuse

rosetan, congrats, u comperm untung banyak!

Posted by k6ii > 2014-07-07 09:44 | Report Abuse

wow..drop so much.miss it..

Posted by kemfatt > 2014-07-07 09:47 | Report Abuse

Buckbunny...you have the right to sell. So you don't have to pay 94K.

Posted by kemfatt > 2014-07-07 09:49 | Report Abuse

Those who sell with a reason of no money to buy in the right shows they don't have investment knowledge at all. You have the right to sell your entitlement la.

Posted by HTP123SYNERGY > 2014-07-07 09:50 | Report Abuse

We are on a roller coaster now,anyway,those who sell will regret later on!Hold on,bros!

Posted by k6ii > 2014-07-07 09:51 | Report Abuse

buckbunny: 11AM Good show time..
what show time?

Posted by Alex Leow Sze Shen > 2014-07-07 09:52 | Report Abuse

Today closing will up! U gotta believe it!

Posted by Alex Leow Sze Shen > 2014-07-07 09:53 | Report Abuse

Gap down becoming zoom up! LOL

Posted by rosetan > 2014-07-07 09:55 | Report Abuse

Alex, sama-sama untung. Cheers!

Posted by voonyoke > 2014-07-07 09:55 | Report Abuse

cheap sale. good. added some at 3.05. thanks who sell to me.

Posted by tomjohor > 2014-07-07 09:58 | Report Abuse

Inari Amertron has proposed a 1-for-8 rights issue at an indicative price of MYR1.50. The rights shares will come with free warrants at a 1:1 ratio at a MYR2.00 exercise price. We advise investors to subscribe for the rights shares as we believe the proceeds raised (estimated at >MYR100m) will likely be used to expand its core businesses to propel earnings growth in the long run. Hence, we maintain BUY, with our FV still at MYR3.49 (or MYR3.16 ex-rights).
• Salient details. The rights price of MYR1.50 represents a discount of 49.1% to its theoretical ex-rights price of MYR2.95, based on its last closing. At its existing share base of 534.8m shares, we estimate that the rights issuance could raise MYR100.3m.
• Utilisation of proceeds. Management highlighted that some MYR60mof the proceeds raised will be used to expand its existing businesses, which would involve setting up new plants as well as procuring new equipment. This, in our view, would most likely cater for future growth opportunities within its radio frequency integrated circuits segment, as we have highlighted previously that existing capacity is almost fully occupied at an average utilisation rate of over 85%.
• In-the-money warrants. The indicative exercise price of the warrants at MYR2.00 implies a discount of 32.2% over Inari Amertron’s theoretical ex-rights price of MYR2.95. This, in our view, would entice investors to subscribe for the rights as the warrants will be issued deep in the money.On a side note, its major shareholder Insas (INS MK, NR) has agreed to subscribe for its entitlements of the rights shares in full via Insas Technology and Insas Plaza SB.
• Maintain BUY. We believe the cash call would help to expand Inari Amertron’s core businesses to propel earnings growth going forward, and advise investors to subscribe for the rights shares. Maintain BUY, with our fully-diluted FV unchanged at MYR3.49 (16x CY15F P/E). Upon completion of the proposed rights issue, our ex-rights FV would be adjusted to MYR3.16. While this may appear to offer limited upside fornow, we will revisit our model upon management’s confirmation of the potential earnings accretion from its new expansion opportunities ahead.



















Source: RHB