Posted by warrior > 2014-07-14 11:58 | Report Abuse

Time to buy !!! $$$$$$$

Posted by HuatArrr123 > 2014-07-14 13:24 | Report Abuse

BUY cheap/cheaper/cheapest.....and HOLD...hehehehehe

Posted by HuatArrr123 > 2014-07-14 13:48 | Report Abuse

Don't SELL and don't worry about the price....still another 5 yrs to go...the company is going to grow because they are in the sun-rise business and NTA right now is well over RM1.00

Posted by HuatArrr123 > 2014-07-14 14:38 | Report Abuse

MUST BUY LOW....in order to make $$$$ in stocks!!!

Posted by Gusen > 2014-07-14 16:35 | Report Abuse

brought @ 0.070

Posted by Ayam3 > 2014-07-14 17:16 | Report Abuse

bought @ 57 sen

Posted by Feimaw > 2014-07-14 17:19 | Report Abuse

Baru rebound 0.5cent alamak? Turun 9 cents straight days but rebound 0.5 cents

Posted by Ayam3 > 2014-07-14 17:34 | Report Abuse

Ayam brothers accidently bought IRETEX-WA

Posted by cytew > 2014-07-14 20:51 | Report Abuse

Game over for LA http://www.bursamalaysia.com/market/listed-companies/company-announcements/1684981

Posted by awangngah > 2014-07-14 20:57 | Report Abuse

It ought to be on the contrary, cytew. Judging by the volume done these past few days, chances are that the major shareholders would have sold off most of what LAs they have, thus reducing the selling pressure, going forward.

Posted by luckyman > 2014-07-14 21:07 | Report Abuse

Show time has finally come....

Posted by ChinKeng Lee > 2014-07-14 22:01 | Report Abuse

i think it is game over . but i still hold some in hand . and i feel that need to hold at least a year or two . will limit down if the price drop below 6cents .
good luck all .

Posted by rlch > 2014-07-14 23:56 | Report Abuse

8LA = 56sen. If convert still make 3sen gain.

Posted by ChinKeng Lee > 2014-07-15 14:25 | Report Abuse

what if the mother share drop below 40cents ? this la will be meaningless .. hope this will not come .

Posted by ZSSS > 2014-07-15 16:27 | Report Abuse

Refer to ASB-LA you know.... PAR = 15 sen see now......

Posted by awangngah > 2014-07-15 16:30 | Report Abuse

even if mother drop to 8 cents, the LA could still fetch 1 cent.

Posted by awangngah > 2014-07-15 16:32 | Report Abuse

not likely for mother to drop to such level, but just to prove a point that the value of the LA will only be zero if mother is also zero.

Posted by awangngah > 2014-07-15 16:36 | Report Abuse

for those who believe that the mother can fall far below 56 cents, then just wait first, but for those who believes that 56 cents should be the floor, then at 7 cents, it is a safe buy.

Posted by Feimaw > 2014-07-15 18:44 | Report Abuse

Dun worry, tomorrow morning quick quick Q at 0.075 if want to run. It normally edge up 0.5 cent before moving downwards base on last 8 trading days trending

Posted by concode > 2014-07-15 20:51 | Report Abuse

post 14-07-2014 on www.warrants.com.my


如果一家上市公司的大股东或者是公司董事出售有杠杠效应的公司凭单，很多人都会以为公司的股价已经没有显著的上涨空间。毕竟局内人出售凭单，尤其是期限还有很久的凭单，给散户带来的印象是负面的。可是最近大马股市出现数项凭单价钱在大股东出售之际不跌反升的例子。令许多投资者大跌眼镜。
其中一项最明显的例子是星光资源（SKPRES， 7155 ）。该公司是在2012年6月免费发行1亿8000万单位凭单给股东。原本持有74%凭单的该公司大股东拿督颜金发在凭单上市后14个月内，也就是2013年8月几乎沽清所有手中的凭单而只剩下177万单位凭单或相等于不足1%凭单。他当时出售凭单的价钱介于5.5仙至9仙。不过星光资源凭单（SKPRES-WA）的价钱并没有因大股东减持而受影响。它的价钱更在上个月27日创下24仙的新高。值得一提的是拿督颜金发也在上个月25日以16仙左右卖完他所剩下的SKPRES-WA。SKPRES-WA的价钱在拿督颜金发卖完凭单之后一天就猛涨到超越20仙水平。

另外一项凭单价钱随大股东减持而上涨的公司是万讯达（MEXTER，0075）。该公司在去年以1配1附加股送1凭单的方式发行高达8945万2020股附加股，及发送高达8945万2020张凭单。该公司执行董事关健龙在MEXTER-WA出炉几天后即以每单位4仙沽清他持有的约1400万单位凭单。万讯达董事经理谢德法则在过去几个月减持他原本持有4180万单位的凭单。根据大马交易所资料，他在7月4日只剩下约1680万单位凭单。MEXTER-WA在这个期间是逐步上涨的并在7月4日创下7仙的新高。从这几天凭单交易量估计，谢德法相信目前还在出售MEXTER-WA。

其实大股东出售手上所有凭单而其本身持股不太多是有点不合理的。除非他已经准备出售股权给其他人。所以大股东出售凭单之际股价和凭单价都上涨是可以理解的。


温世麟

窝轮资本有限公司

Posted by rlch > 2014-07-15 21:10 | Report Abuse

concode thanks for the warrant website which show Ire-tex LA is cheapest LA yet trading at 5.08% discount to conversion. Moreover there is 1% coupon to look forward.

Posted by topone > 2014-07-16 01:56 | Report Abuse

I thought conversion price is 0.60.
Where to get 1LA + 0.525?
8LA = 1 mother share?

Posted by DR_AYAM > 2014-07-16 12:01 | Report Abuse

Buy EAH

Posted by awangngah > 2014-07-16 18:24 | Report Abuse

Yes, topone the conversion price is 0.60, but unlike a warrant the LA has a nominal value or face value of 0.075. As such you can surrender any of the following for one mother share.

1LA + 0.525 = 0.60 OR

2LA + 0.450 = 0.60 OR

3LA + 0.375 = 0.60 OR

4LA + 0.300 = 0.60 OR

5LA + 0.225 = 0.60 OR

6LA + 0.150 = 0.60 OR

7LA + 0.075 = 0.60 OR

8LA + 0 = 0.60

Posted by safethanregret > 2014-07-16 18:57 | Report Abuse

Now Ah Huat is disposing at 0.065. Biggest fundamental joke. Who else had yet to declare? Ha, Ha.

Posted by rlch > 2014-07-16 19:04 | Report Abuse

At the same day he bought Iretex 58.5sen. Price has not dropped since that day. No more disposal?

Posted by topone > 2014-07-16 20:05 | Report Abuse

Thanks, awanhngah.

Posted by kfui > 2014-07-17 00:49 | Report Abuse

Price Exercise Price Total cost Mother price Premium Expiry
Iretek-LA 0.070 0.525 0.595 0.595 0% June 2019
Iretek-WA 0.150 0.800 0.950 0.595 60% June 2019

Given the same features of both LA and WA, both have same expiry date. LA features like a Warrant.

However, Iretek-WA is fetching a premium of 60% (out of money warrant with exercise price at RM0.80), but Iretek-LA is getting NO premium at all.

The leverage of Iretek-LA is better than WA, i.e. with little upfront money (0.07) compared to WA at 0.15, then you can ride on the future profitability of Iretek.

Posted by awangngah > 2014-07-17 10:51 | Report Abuse

The LA has additional features as compared to the WA.

1) the LA carries a coupon of 1% p.a. (just like getting a guaranteed dividend annually)

2) the holders of the LA are in fact unsecured creditors of the company, which in the event of company liquidation ranks pari passu with all other unsecured creditors (i.e. after preferential & secured creditors but before subordinated debt holders, preferential & ordinary shareholders). The LA holders can claim 0.075 / LA (which is at its face value). The WA holders has no claim whatsoever, in such an event.

Posted by warrior > 2014-07-17 10:52 | Report Abuse

hahaha ... illogical , Iretek-LA is superior than Iretex-WA in everyway , yet Iretek-LA is only 7 sen. I say hoot Iretek-LA @ 7 sen now.

Posted by warrior > 2014-07-17 10:59 | Report Abuse

LA exercise price is only 60 sen while WA exercise price is 80 sen.
LA has a nominal face value of 7.5 sen while WA has zero value.
Why still got people buy WA ? ... hahaha

Posted by warrior > 2014-07-17 11:04 | Report Abuse

LA can convert to mother share without forking out a single sen while WA can't.

Posted by kwl8888 > 2014-07-17 11:06 | Report Abuse

Besides that, on the date of maturity, LA will convert to ordinary shares but WA will become nothing if don't pay additional cash to convert.
The major shareholders choose sell all their LA at 0.065 and 0.07, I think they want more LA available in the market, more people buy then pay 0.525 to convert, like that IRE-TEX can get more capital.

Posted by awangngah > 2014-07-17 11:10 | Report Abuse

I think if all the WA holders were to read the prospectus and understand the LA better, they might just sell off their WA and buy the LA :)

Posted by warrior > 2014-07-17 11:17 | Report Abuse

WA will earn nothing each year while LA will earn yearly interest of 1%. However, the yield is more than 1% now, since the cost is less than 7.5 sen

Posted by warrior > 2014-07-17 11:21 | Report Abuse

Cheaper the LA, higher the yield for your interest.

Posted by awangngah > 2014-07-17 11:25 | Report Abuse

Agreed, and at current prices, selling 4WA can get 8LA, and the holder need not have to worry about having to fork out anymore money to get the mother shares, if they choose to convert.

Posted by warrior > 2014-07-17 11:34 | Report Abuse

awangngah, interested to receive daily stock research report from Public Investment Bank ? Just let me have your email address. It is FOC.

Posted by awangngah > 2014-07-17 11:42 | Report Abuse

Thanks for the offer warrior, but I've already got too many e-mails coming my way, many of which I don't have time to read.

Posted by warrior > 2014-07-17 11:45 | Report Abuse

noted awangngah. :)

Posted by Horse > 2014-07-17 15:12 | Report Abuse

-LA related documents (text file) : http://uploaded.net/file/2xzzhv6r

Remember me. Today is July 17th

Posted by darkxfs > 2014-07-17 21:17 | Report Abuse

if some one buy a lot of LA at 0.07~0.075 then goreng iretex to 0.70~0.80 it will gain a lot of money

Posted by Tiong Yong Soon > 2014-07-17 21:25 | Report Abuse

Warriror, I would like to receive the daily report. My e-mail - ystio@yahoo.com. Tq

Posted by steve3131 > 2014-07-18 12:51 | Report Abuse

Warriror, I would like to receive the daily report too. My e-mail - csken99@gmail.com. Tq

Posted by jennylee1382 > 2014-07-18 12:55 | Report Abuse

Warriror, I would like to receive the daily report too. My e-mail: jennyleeyl@gmail.com. Tq

Posted by tpchuayap > 2014-07-18 12:59 | Report Abuse

@Warriror, pls include me into the Distribution list. thanks
tpchuayap@yahoo.com

Posted by KvThian > 2014-07-18 14:30 | Report Abuse

@Warrior, count me in, i would like to receive the daily report too. My email : KvThian@hotmail.com

Posted by limhc67 > 2014-07-18 14:42 | Report Abuse

my email: limhc67@yahoo.com
thanks Warriror

Posted by warrior > 2014-07-18 19:45 | Report Abuse

I was on leave today, so, research report sent out late. Sorry !

Posted by ranger21 > 2014-07-18 20:03 | Report Abuse

I want I want...really appreciate your effort
email: kaijye0313@gmail.com