I guess a lot of ppl not knowing that ...... to convert to 1 mother share = (1 PA + 0.54 ) or ( 10 PA ) ..... they thought is ( 10 PA + 0.60 ) which is not good if compare with WA ......
But if u have holding power just keep it.....mother might be goreng untill RM1.50 if someone want to clear off the PA....but with UMA not sure what will happen....
Remarks : Each ICPS carries the entitlement to subscribe for one (1) new SGB Share at the exercise price (as indicated above) and every ten (10) ICPS carries the entitlement to convert into one (1) new SGB Share at any time during the exercise period (as indicated above) ("Exercise Period"). Any remaining ICPS that are not converted during the Exercise Period shall be automatically converted into new SGB Shares at the conversion ratio of ten (10) ICPS to be converted into one (1) new SGB Share. If the conversion results in a fractional entitlement to ordinary shares of SGB, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.
Flyingkite please confirm back with registrar carefully...u have to pay for the conversion price if u want to convert....RM0.60 is the conversion price
yes,, u are right. I also called to Maybank Investment and have confirm on this conversion... So, the PA value now is very low.. buy more for conversion..
if i take option 1 : what would be my conversion price if i bought 500 lots at 0.100. isn't --> 0.100 + 0.54 = 0.64 ?? current mother price is 1.16. meaning that , on paper i already have 0.52 cent profit margin for each share i got? then , what are the purpose of 0.6 conversion price there?
I guess syndicate pushing it up to 0.115 for the pass few days, now sell all the way down to 0.06 ....... Mother n WA will b limit down in the next 2 days ..... beware ....
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....
Icon8888
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Posted by Icon8888 > 2016-04-25 17:47 | Report Abuse
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