Compared with Bison, 7eleven stayed in the retailed store only with very limited growth prospect. But Bison venture out to like bakery and other prospect.
now is the world of online shopping; tesco, giant, guardian, 11street, lazada, etc, some of them provide cash back via Shopback website... https://www.shopback.my/?raf=EVjy7x sales sure will be affected...
Agree the bison have more potential Can see that bison is more aggressive in expanding and their shop location is more strategic which are always located nearby college or in shopping mall
I'm also wondering, they have 1250 stores nationwide. But their cumulative profit for the year is only 31mil. While bison has 255 stores yet cumulative profit for the year is already 14mil. Simple ratio if bison double their stores, profit might be at rm28mil easily beating Sem. But understood that their dividend yield is pretty attractive also hehe
SEM fundamental looks good, price seem quiet low at the moment and RSI also indicate buying signal.Believe there will be a lucrative dividend in the coming QR as usual.
7-ELEVEN MALAYSIA HOLDINGS BERHAD (“SEM” OR “COMPANY”) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 616,692,500 NEW WARRANTS (“WARRANTS”) AT AN ISSUE PRICE OF RM0.10 FOR EACH WARRANT ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN SEM (“SEM SHARES” OR “SHARES”) HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“ENTITLEMENT DATE”) (“PROPOSED RIGHTS ISSUE”)
9. APPLICATION TO THE RELEVANT AUTHORITIES The Company expects to submit the applications to the relevant authorities in relation to the Proposed Rights Issue within 2 months from the date of this Announcement. 10. ESTIMATED TIMEFRAME FOR COMPLETION Barring any unforeseen circumstances, the Proposed Rights Issue is expected to be completed in the 3rd quarter of 2017. This Announcement is dated 25 April 2017.
After SEM-WA ex-date [with WR issue price of RM0.10 and WA exercise price of RM1), the share price of SEM will be adjusted as follows:
(2 X RM1.50 + RM1.10)/(2 + 1) = RM1.37 [an adjustment of 13 sen]
That means SEM-WR will be trading at around 13 sen to 20 sen. With the issue price of 10 sen, the cost price of SEM-WA is around 23 sen to 30 sen.
If no premium is given to SEM-WA, then its price will be RM1.37 - RM1.00 = RM0.37 (still got a profit of 17 sen to 24 sen).
If after some time, it reaches a premium of 20% (due to its long life-span of 10 years), then the price of SEM-WA can reach (1.2 X RM1.37) - RM1 = RM0.64. Then SEM-WA will provide a profit of 34 sen to 41 sen.
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....
Superb99
6,611 posts
Posted by Superb99 > 2016-07-13 15:28 | Report Abuse
would it like oldtown, BBand squeeze squeeze till it shoot up....lol