Remarks : The ICPS can be converted into new Shares at the conversion price of RM0.20 ("Conversion Price") in the following manner:
(a) by surrendering of such number of ICPS with an aggregate value equal to the Conversion Price to be converted for 1 new Share; or
(b) a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS, and paying the difference between the aggregate value of the ICPS surrendered and the Conversion Price in cash for 1 new Share.
meaning I buy PA at 0.135 nw, add 0.20 to convert to mothershare, total cost 0.335 and I can sell at 0.39? *based on today pricing how about the ratio 20:1?
1 2020 results just announced. Good results. This is the eighth continuous quarterly results with improving quarterly revenues and net profits over the last 2-years since it goes into technology IT businesses in ERP and IOT's.
Hi, can someone help me to understand how do these preference shares work? If I bought 1 ARBB-PA share at 0.11, am I able to convert it into 1 ordinary share by topping up another 0.20?
so it is very worth to do the exercise, rite? it got 9% discount. PA-RM0.125 Mother-RM0.360. (1PA(0.125+0.20 (exercise price))= 0.325 only. Am i correct?
Eelniloc In conversion to mother share, only need to top up with 19 cents. 1 PA is treated as 1 cent ( the issuing price) . So conversion to mother share at 0.20 is satisfied by tendering 1 PA plus 19 cents..
Current P/E ratio (T4Q) of ARBB base on current ordinary shares 362m is only about 3.27. This appears to be extremely low for a technology sector stock (ARBB is now classified under Technology IT sector)
Currently there are about 713m PA which are not yet converted to the ordinary shares. At conversion of 1PA + 19 cents to 1 mother share, it would add another RM135m of cash capital to the Company. The no. of ordinary shares would increase from 362m currently to 1075m if all PA were to be converted. This would increase the PE from 3.3 to 9.8 ( 3.3 x 1075/362 ) which is still very low. If company profit grows, the prospective future PE would become lower. This implies that the current share price is probably under-value by the market.
A more reasonable PE of 15 to 20 can be expected. This means ARBB current share price have a potential to rise by a multiplying factor of 1.5 (15/10) to 2.0 (20/10). 17/06/202
rakuten may be a little more process needed. You can email the customer service. But Rakuten basically use nominee bank account unless need to use your name.
ADJUSTMENT TO THE CONVERSION PRICE OF OUTSTANDING IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN ARB BERHAD ("ARB" OR THE "COMPANY") ("ICPS") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,075,350,500 NEW ORDINARY SHARES IN THE COMPANY ("ARB SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 19 JANUARY 2022 (ENTITLEMENT DATE) ("RIGHTS ISSUE") ("ADJUSTMENT")
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....
Posted by nklye > 2019-01-23 23:44 | Report Abuse
Due in 5 years, perhaps it's worth to try on this counter. Quite a number of speculative articles about its mother shares...