Posted by Mohd Iqbal > 2015-12-13 15:06 | Report Abuse

at least RSena is worth 46 sen.. based on cash held in trust..

Posted by Xinghe > 2015-12-13 15:35 | Report Abuse

Mohd Iqbal you only can get 46 sen after 3 years not now. Your return is 15% for 3 yrs or 5% per annum if Red Sena don't make any QA.

Posted by stockraider > 2015-12-13 15:45 | Report Abuse

Correction the return is 7% pa compound....this is bcos ur trust at Rm 0.46 still get interest rate of around 3% pa mah....!!

Posted by confuse > 2015-12-13 15:49 | Report Abuse

Raider why you calculate 7% pa whereas Xinghe said 5%((46-40)/3)? Dare to show details? If follow what paperplane3 there is opportunity cost loh if invest here. What happen my ROI in other counters is 100 % for 3 yrs?

Posted by stockraider > 2015-12-13 16:01 | Report Abuse

Bcos Xinghe never include interest earn on trust account, in which the spac holder is still entitle mah....!!

Posted by confuse > 2015-12-13 16:03 | Report Abuse

Raider why you calculate 7% pa whereas Xinghe said 5%((46-40)/40/3)? Dare to show details? If follow what paperplane3 there is opportunity cost loh if invest here. What happen my ROI in other counters is 100 % for 3 yrs?

Posted by confuse > 2015-12-13 16:05 | Report Abuse

Are you sure no other expenses but only interest inome during 3 yrs?
Why Sona. Cliq, Reach all reported loss?

Posted by stockraider > 2015-12-13 16:13 | Report Abuse

confuse,

I think u r not familiar with spac.....it is unique all is income for the trust....no expense will be paid by the trust until there is a successful QA mah...!!

Posted by stockraider > 2015-12-13 16:17 |

Post removed.Why?

Posted by confuse > 2015-12-13 16:59 | Report Abuse

Ungraduate SPACS financial results. Cliq loss RM 8 million latest QR. Reach loss RM 6 million. Sona loss RM 7 million.
http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=C&securityCode=5234
http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=R&securityCode=5256
http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=S&securityCode=5241

Posted by confuse > 2015-12-13 17:00 | Report Abuse

If Red Sena follow them likely loss 3 years. Wonder 46 sen cash after 3 years still valid?

Posted by stockraider > 2015-12-13 17:27 |

Post removed.Why?

Posted by confuse > 2015-12-13 17:50 | Report Abuse

Just checked Sona latest cash balance after many years of losses. 38 sen per shares as opposed to 50 sen when start listing.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4940693

Posted by Mohd Iqbal > 2015-12-13 17:52 | Report Abuse

raider:protected only for those who bought below 46 sen... but your overall arguments are correct

Posted by confuse > 2015-12-13 17:52 | Report Abuse

stockraider I know you are very well known in investlah. I find the more I know you the more conman I find in you. I have to clear it on behalf of i3 forumers.

Posted by saddiqsepakraga > 2015-12-13 18:08 | Report Abuse

confuse..... I suggest you change yr nick ....the current one only blinded you from the obvious!!

Posted by confuse > 2015-12-13 18:19 | Report Abuse

saddiqsepakraga so you bought at 40 sen? Perhaps this is the cash balance if follow 3 years of losses like what happen in Sona, Cliq and Reach. If I were Red Sena top managements I will do nothing and earn gaji buta for next 3 years.

Posted by Kim > 2015-12-13 20:13 | Report Abuse

Holder 0.08-9.5.. tmw make sure Q sell at 0.125 : ) good luck!

Posted by Mohd Iqbal > 2015-12-13 20:51 | Report Abuse

The way SPAC was structured is like a treasure hunt with huge upside for the management team. However the downside is also big because they will lose first and they will lose all their investment. For investors, the downside is minimized bcoz there are 46 sen in trust for each unit of shares. If the treasure is discovered, the investors will make money in proportion to their shareholdings. Of course not as much gain as the management team. Historically the SPAC model is still not successful here but as I said the downside for investors is covered by money held in trust. That money cannot be touched at all until the discovery of the treasure (QA).

So to say the management will do nothing and makan gaji buta is not accurate. No QA means no gains for them. And they will lost all their investment though theirs were about 5 sen for each unit. That is why my view is that for those who bought below 40 sen, no worries. It is just that maybe you can find a better place to park your money.

Posted by sell > 2015-12-13 20:57 | Report Abuse

See what happen in Hibiscus. IPO 75 sen now 24 sen.

Sona IPO 50 sen now 44 sen but cash in trust keep deteriorating because every quarter lose money.

Posted by sell > 2015-12-13 20:59 | Report Abuse

Trust account now you see is 46 sen. If keep suffer loss like what happened in other SPACs do you think 46 sen still can maintain? 40 sen after 3 yrs is more likely.

Posted by imoogi99 > 2015-12-13 21:09 | Report Abuse

Surprise...surprise...we have several Spacs already and yet a lot do not understand how it works. Best to find out what spacs really is before commenting about it.
A lot of people talk about Hibiscus with IPO of 75sen and now 24sen...but they fail to mention that Hibiscus open at 54sen and then slowly shoot up to 2.16 and then to 2.74. Why they dont mention abt it??? Many reasons....so understand what Spacs is.

Posted by HYG > 2015-12-13 21:22 | Report Abuse

Good point from imoogi99.

Posted by namewee > 2015-12-14 09:11 | Report Abuse

Sold all RSENA-WA at 10 sen. Profit 17%.

Recap:
Stock: [RSENA]: RED SENA BERHAD
Dec 10, 2015 11:44 AM | Report Abuse

Buy Rsena-WA at 8.5sen or lower, u will NEVER regret.

Posted by DreamDominator > 2015-12-14 09:23 | Report Abuse

Lu manyiak pantai main pinya

Posted by DreamDominator > 2015-12-14 09:24 | Report Abuse

Lu nama yuga talak cun leihh ... Lu kasi tukat la ... Tukat yadi AlvinTan ka ...

Posted by DreamDominator > 2015-12-14 09:25 | Report Abuse

ki ki ki

Posted by Easy_money > 2015-12-14 15:46 | Report Abuse

bought at 39 sen. Wish me good luck.

Posted by ruslimz > 2015-12-14 15:51 | Report Abuse

good luck ,,,,,,,,lu mau jual berapa sen.......

Posted by Easy_money > 2015-12-14 16:04 | Report Abuse

40 sen can?

Posted by benboy > 2015-12-14 17:10 | Report Abuse

So many ppl still dont know how spac work. sc had also done revision to give more protection to investors. Read e-prospectus page 47 item3, 92% of money raise will be in interest earning trust account which is 46c na per share. Only after QA diluted to 39c na.So if you play save, just vote against qa and get your money back from trust account which should be greater than 46c/share since it has interest income. At 38.5c, no brainer for 10% per year return for nxt 3 years (max). QA can come in earlier. My flagship investment for next 2 years. Anyhow, Rule no 1, dont invest in business you dont know. Happy investing.

Posted by stockraider > 2015-12-14 18:00 |

Post removed.Why?

Posted by DreamRaider > 2015-12-15 03:46 | Report Abuse

Another Rule #1: Real-world investing is far different from the what the textbook says. Fundamentals only count for so much, maybe 25 %, at best. The remainder is all ... about ... PERCEPTION.

Posted by benboy > 2015-12-15 11:12 | Report Abuse

I suppose most are traders not investors to use perception as Rule No 1. But traders are very important for liquidity. Benjamin Graham is the sifu for alot of present great investors who consistently beat the market.

Posted by nekosan > 2015-12-15 11:30 | Report Abuse

hahahaha .... my perception for SPAC ... buy and pray it will acquire something ... hahahahaha ... rubbish spac

Posted by HYG > 2015-12-15 22:49 | Report Abuse

The summary of RSena - good and bad point.

Good thing is:
1. F&B is a stable industry & safe haven at economic crisis.
2. Creador (Brahmal Vasudevan) invest in Red Sena. Creador is a private fund that having good record in investment (e.g. previous record is invets in IFCaMSC, GHLsys...before the counter move).

The bad things:
1. Is a SPAC counter, no fundamental can be measure.
2. Heavily depend on the exprience of director to get the acquisition.

Posted by HYG > 2015-12-15 23:47 | Report Abuse

Tan Ang Meng, formerly F&N chief executive officer and chief financial officer, is Red Sena’s chief strategy officer. He is also the current senior advisor for private equity firm Creador Sdn Bhd.

Posted by HYG > 2015-12-15 23:54 | Report Abuse

Tan Ang Meng
Chief Strategy Ofcr/Exec Dir, Red Sena Bhd

Career History

Chief Strategy Ofcr/Exec Dir Red Sena Bhd, 9/2014-PRESENT

Senior Advisor Creador Sdn BHD, PRESENT

Advisor Fraser & Neave Holdings BHD, 8/2010-11/2010

Chief Executive OfficerFraser & Neave Holdings BHD, 3/2001-8/2010

Various PositionsAsia Pacific Breweries Ltd, 1991-2001

Assistant Chief AccountantGuinness Malaysia BHD, 1983-1991

Various PositionsPricewaterhouseCoopers/Newcastle, 1975-1981

Posted by HYG > 2015-12-16 00:01 | Report Abuse

Good statement from FY:

Semasa FY menulis artikel ini, harga Red Sena ialah pada RM0.38.

Mereka mempunyai polisi untuk membayar balik 92% daripada IPO ditambah dengan faedah jika ia tidak memperoleh F & B yang berjenama dalam jangkamasa 3 tahun.

Harga IPO ialah RM0.50.
Oleh itu, 92% adalah RM0.46
Andaian faedah : 3% setahun

Contoh:

Senario terburuk (tiada pengambilalihan dalam 3 tahun)
Membeli 10000 unit saham Red Sena pada harga RM0.38, kos kasar ialah RM3800.00
Menerima RM0.46 tambah 3% kepentingan pengkompaunan, ~ 0,5027: RM5026.50
Anggaran ROI adalah 30.10%, purata 10.03% setahun.

Kes begini banyak berlaku di Amerika Syarikat dimana ianya menguntungkan bilamana SPAC tersebut tidak berjaya dalam pengambilanalihan dan wang pelabur dipulangkan kembali.

Ia pastinya menguntungkan lagipun pengambilalihan syarikat F&B adalah jauh lebih mudah dari pengambilalihan syarikat Oil n Gas. Sekiranya pengambilalihan pula berjaya pastinya harga saham Red Sena ini akan meningkat naik!

Untuk pengetahuan anda SPAC F&B yang paling berjaya ialah SPAC Burger King! Walaupun Red Sena tidak merancang untuk mengambil alih Rangkaian Restoran tetapi rancangan pengambilalihan syarikat F&B di rantau yang punya lebih 650 juta penduduk ini, dengan status halal dan sebagainya pastinya membawa kepada potensi yang besar. Berita pengambialihan mahupun berita status halal pastinya akan membawa sentimen positif kepada pelabur dan dengan itu akan membawa institusi seperti Tabung Haji dan Institusi yang mementingkan status syariah untuk melabur dalam syarikat ini nanti.

Selain itu juga, management team syarikat ini merupakan mereka-mereka yang berpengalaman luas dalam bidang F&B. Kebanyakan mereka merupakan pengarah dalam syarikat F&N juga Khong Guan. Kemudian Ian Yoong Kah Yin Pengarah Business Development, orang yang tak asing lagi dalam bidang pembrokeran dan kewangan dengan 29 tahun pengalaman dan terakhir sebagai Senior Vice President di CIMB.

Cornerstone Investor mereka juga hebat-hebat belaka dan yang terpenting ialah Creador yang diterajui oleh Brahmal Vasudevan seorang pelabur profilik yang hebat bila beliau berjaya meningkatkan pelaburan sebanyak RM60 juta kepada RM2 Billion dan pelaburan-pelaburan dalam syarikat seperti GHLSYS, BONIA, OLDTOWN, IFCAMSC mahupun pelaburan-pelaburan di India.

Semua ini bila digabungkan menunjukkan satu perkara. Red Sena adalah satu syarikat yang punya potensi yang besar.

Oleh itu, FY sarankan pembelian saham Red Sena pada harga diskaun sekarang asalkan ia kurang dari RM0.46 sen.

Kepada pelabur yang mendapat IPO Red Sena ini pula. Tungguuuuu!!!

Sekian dulu buat kali ini.
Jadilah pelabur yang bijak dan pedagang yang berhemah!

Posted by HYG > 2015-12-16 00:20 | Report Abuse

Red Sena Bhd, Malaysia’s first food and beverage (F&B) special purpose acquisition company (SPAC) en route to listing, has fully placed out its private placement offer shares, securing eight cornerstone investors.

The cornerstone institutional investors are Affin Hwang Asset Management Bhd, Corston-Smith Asset Management Sdn Bhd, Fortress Capital Asset Management (M) Sdn Bhd, Maybank Asset Management Sdn Bhd, UOB Asset Management Sdn Bhd, RHB Asset Management Sdn Bhd, Pacific Straits Holdings Ltd and individual investor Hew Han Seng.

Pacific Straits Holdings is associated with private equity personage Brahmal Vasudevan of Creador, while Hew is the founder of integrated inter-modal logistics solutions and services provider Tri-Mode Group.

Posted by DreamInvader > 2015-12-16 04:37 | Report Abuse

One can be right about fundamentals, and still not make money. But if one is right about one's perception, i.e. one's perception is in accord with that of the universal market, then one will definitely make money. And the perception of NekoSan quite likely is not the right one.

Posted by necro > 2015-12-16 05:36 | Report Abuse

FA & TA is just weapon bongokkkk...
Kalo nak kaya but syarikat lepas Tu apungkan jadikan diri ko director y ada billion shares pada harga par RM0.10...

Sohai

Posted by DreamInvader > 2015-12-16 05:54 | Report Abuse

Lu bongok ah ... Lu sohai ah ...

Posted by benboy > 2015-12-16 16:09 | Report Abuse

ha ha ... i am buying lots to vote against QA to get the money from trust fund. Or sell out at run up of share price above 46c. Anyway cheap money for spac owner, free money if they scoop up all shares below 46c. And they already made money from free warrants at 0 cost.

Posted by Tkoklin > 2015-12-16 20:43 | Report Abuse

Fnn ex CEO? So what?

Posted by bulleyes > 2015-12-16 20:50 | Report Abuse

let the price talks for itself.

Posted by HYG > 2015-12-16 21:20 | Report Abuse

Bulleyes, yes and let the share price talk for itself.....

Posted by HYG > 2015-12-17 00:24 | Report Abuse

Director keep acquired the share..... something is good to come......

Posted by nekosan > 2015-12-17 11:38 | Report Abuse

guys, be realistic, 1 billion share issued ... how high it can go even acquire something ? max 50 cent for me only. u check those stock more then 2 ... rarely got such high share issued.

Posted by Tkoklin > 2015-12-17 12:04 | Report Abuse

once up ppl dump! run for life