Posted by krishfiona > 2020-04-17 17:31 | Report Abuse

Hope it passes at least the 0.04 mark

Posted by stevie2k > 2020-04-17 17:41 | Report Abuse

yeah hope so,mother perform today

Posted by Goodprofit > 2020-04-19 12:45 | Report Abuse

last Friday i saw 1.5sen but 2.0 sen they block it , like a bit trap i feel it.

Posted by camelwong > 2020-04-20 03:07 | Report Abuse

block at 0.02 ,exercise price 0.13, so mother share block at 0.15, that means tp is 0.15

Posted by stockjobber > 2020-04-20 09:10 | Report Abuse

The same operator from ARBB-PA where the price shot up from .03 to .295 in a short span of 4 months is now in Ages-PA, wishfully they will repeat the same

Posted by krishfiona > 2020-04-20 10:17 | Report Abuse

Market not in full force yet, so there is still hope!

Posted by krishfiona > 2020-05-05 09:20 | Report Abuse

Worth waiting, really

Posted by simon3618 > 2020-05-05 11:56 | Report Abuse

buy buy buy

Posted by Umbrella Corp > 2020-05-05 12:38 | Report Abuse

sapu Ageson share today while stock last......................

Posted by camelwong > 2020-05-05 15:37 | Report Abuse

0.025+0.13=0.155, cheaper than mother share 0.18

Posted by camelwong > 2020-05-05 15:41 | Report Abuse

buy and wait ,pa will chase up.

Posted by stockjobber > 2020-05-05 16:18 | Report Abuse

camelwong....Actually its 0.025+0.12=0.145 ! you have to deduct 0.01 being the issue price of PA

Posted by camelwong > 2020-05-05 17:04 | Report Abuse

i bought some at 0.025.

Posted by JayC88 > 2020-05-06 02:38 | Report Abuse

calculation is wrong, the ratio is 13:1 mind you

Posted by firehawk > 2020-05-06 09:05 | Report Abuse

The calculation is correct!

There are a few methods to covert, this is the ii method! (refer below)


----------------------------------------------------------
Remarks :
The ICPS can be converted into new Ageson Shares at the conversion price of RM0.13 ("Conversion Price") in the following manner:

i. by surrendering 13 ICPS to be converted into 1 new Ageson Share; or

ii. 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 surrendered, and paying the difference between the aggregate value of the ICPS surrendered and the Conversion Price in cash for 1 new Ageson Share.

Premised on the terms of the ICPS, the ICPS can be converted into new Ageson Shares at any time within 10 years commencing on and including the date of issue of the ICPS up to and including the maturity date (as indicated above), as determined by the conversion ratio and Conversion Price. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Ageson Shares at the conversion ratio of 13 ICPS for 1 new Ageson Share.

If the conversion results in a fractional entitlement to Ageson Shares, 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.

If the maturity date of the ICPS falls on a non-market day, then it will fall on the preceding market day.


This announcement is dated 18 March 2020.

Posted by JayC88 > 2020-05-06 10:22 | Report Abuse

ops i am wrong then. sorry!

Posted by susu > 2020-05-08 10:20 | Report Abuse

is that mean PA price of 0.025 + 0.13 to convert to 1 mother share? total cost of 0.155 is cheaper than mother?

Posted by 靓女 phoon phoon > 2020-05-08 14:15 | Report Abuse

Actually its 0.025+0.12=0.145............But for me i just buy PA, wait for price surge, easily earn a cool 20%-100%! Convert needs to put in more money and time.........cheers guys

Posted by warnersky > 2020-05-12 00:05 | Report Abuse

For conversion you have to exchange with equilibrium cash. For example if mother share is 0.2 and PA is only 0.02, you still need to top up 0.18 to make it having same worth with mother share. Unless the stock value up till 0.04 then 0.16 is required.

So both up together is the best way.

Posted by camelwong > 2020-05-12 15:54 | Report Abuse

warnersky, no such method!should be pa market price plus exercise price ,0.02+0.13=0.15 convert to mother share.

Posted by GOD Of KLSE > 2020-05-13 18:01 | Report Abuse

Its PA current price plus 0.12 cents guys!

Posted by O'Brian > 2020-05-14 12:18 | Report Abuse

Looking for a piece of gold now, nice....

Posted by KennyDowJones > 2020-05-14 13:01 | Report Abuse

O'Brian, you should say your looking at a piece of GOLD now!

Posted by teareader818 > 2020-05-14 16:58 | Report Abuse

Why mother already 0.18 but son still stuck at 0.02?

Posted by kimhung > 2020-05-15 13:44 | Report Abuse

where to get the form to convert PA to mother shares?

Posted by susu > 2020-05-16 11:09 | Report Abuse

i was told need to get conversion form from company registrar. who have a copy?

Posted by pari57 > 2020-05-16 13:18 | Report Abuse

Consult your remisier maa.

Posted by pari57 > 2020-05-16 13:23 | Report Abuse

Conversion price PA 2c + 13c total u have to pay is 15c only

Posted by 682pujut2b > 2020-05-19 14:38 | Report Abuse

Conversion is 1 PA + 12 Cents.
Each PA is treated as 1 cent by AGES in the conversion to mother share.
One can convert 13 PA for 1 mother share but of course no one would do that.

Posted by TSFH > 2020-05-19 14:40 | Report Abuse

Guys, If you look into DBT, you can see latest conversion price is 15.5c

Posted by 682pujut2b > 2020-05-19 14:51 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3131938

AGESON BERHAD
Instrument Category Securities of PLC
Instrument Type Preference Shares
Description
i. Issuance of new irredeemable convertible preference shares in Ageson Berhad (formerly known as Prinsiptek Corporation Berhad) ("Ageson") ("ICPS") to the entitled shareholders of Ageson pursuant to the renounceable rights issue of 3,860,754,392 new ICPS on the basis of 13 ICPS for every 1 existing ordinary share in Ageson held as at 5.00 p.m. on Wednesday, 19 February 2020 at an issue price of RM0.01 per ICPS; and ii. Issuance of 750,000,000 ICPS to Daya Intelek Usahasama Sdn Bhd for the acquisition by Prinsiptek Properties Sdn Bhd, a wholly-owned subsidiary company of Ageson, of a parcel of development land measuring 7,395 square metres identified as Lot No. PT 129 held under Title No. H.S.(D) 18991, Section 1, Town of Batu Ferringi, District of Timor Laut, Pulau Pinang for a purchase consideration of RM57.00 million to be satisfied via combination of RM49.50 million in cash and RM7.50 million in issuance and allotment of 750,000,000 ICPS at an issue price of RM0.01 per ICPS
Listing Date 19 Mar 2020
Issue Date 11 Mar 2020
Issue/ Ask Price Malaysian Ringgit (MYR) 0.0100
Issue Size Indicator Unit
Issue Size in Unit 4,610,754,392
Maturity Mandatory
Maturity Date 10 Mar 2030
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate Not Applicable
Coupon/Profit/Interest/Payment Frequency Not Applicable
Redemption Not Applicable
Exercise/Conversion Period 10.00 Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR) 0.1300
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 13:1
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Tendering of securities
Settlement Type/ Convertible into Physical (Shares)

Posted by 682pujut2b > 2020-05-19 15:07 | Report Abuse

Remarks :
The ICPS can be converted into new Ageson Shares at the conversion price of RM0.13 ("Conversion Price") in the following manner: i. by surrendering 13 ICPS to be converted into 1 new Ageson Share; or ii. 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 surrendered, and paying the difference between the aggregate value of the ICPS surrendered and the Conversion Price in cash for 1 new Ageson Share. Premised on the terms of the ICPS, the ICPS can be converted into new Ageson Shares at any time within 10 years commencing on and including the date of issue of the ICPS up to and including the maturity date (as indicated above), as determined by the conversion ratio and Conversion Price. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Ageson Shares at the conversion ratio of 13 ICPS for 1 new Ageson Share. If the conversion results in a fractional entitlement to Ageson Shares, 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. If the maturity date of the ICPS falls on a non-market day, then it will fall on the preceding market day. This announcement is dated 18 March 2020.

Posted by GOD Of KLSE > 2020-05-20 18:13 | Report Abuse

Buy more Ageson pa now, sure 100k turn into 1million!

Posted by 682pujut2b > 2020-05-22 07:34 | Report Abuse

In the scenario when all the PA are converted, AGES would successfully raise an additional RM550m of share capital from the PA conversion at 12 cents + 1 PA (issued at 1 cent). This would be essential for AGES to undertake very large projects.

Posted by calvinteo > 2020-05-22 16:08 | Report Abuse

Noticed huge volume transacted from 2.30pm at 0.03 sen n likely can achieved 100M transacted today.

Demand > supplier now n sellers q become lesser n lesser for 3.5 sen onward.

For conversion, PA (3 sen ) + 12 sen (conversion price) = 15 sen n imo still higher safety of margin as mother price currently trade around 16 sen despite 10 years duration for conversion.

May be it is a good signal for pre-Hari Raya ang pow preparation?

Note: TAYOR

Posted by camelwong > 2020-05-22 17:27 | Report Abuse

start moving up, chase.

Posted by EagleEye > 2020-05-23 01:46 | Report Abuse

hey guys, unrelated to this counter, on a side note, this news below might trigger this counter, maybe can go for a quick bite.

Orion (0079)

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3052644

Posted by SingInvestor > 2020-05-27 11:07 | Report Abuse

Greats. Move up slowly and don`t rush.

Posted by BlackWhite > 2020-05-27 15:31 | Report Abuse

How far it can go this PA, will burst or not

Posted by SingInvestor > 2020-05-27 19:26 | Report Abuse

Expiry date still long way to go so buy and keep inside a safe box and open it 5 yrs later may become Gold bar. ;-)

Posted by Tripaka > 2020-05-27 19:50 | Report Abuse

Five years later become ashes already.

Posted by BlackWhite > 2020-05-28 09:58 | Report Abuse

Did they announce their result

Posted by Goodprofit > 2020-05-28 16:16 | Report Abuse

the result could be worst

Posted by camelwong > 2020-06-01 12:40 | Report Abuse

q3 net profit 10m. eps 1.77 . pe 3.95

Posted by camelwong > 2020-06-01 12:41 | Report Abuse

q4 not yet announced.

Posted by camelwong > 2020-06-01 12:45 | Report Abuse

sorry, above are actually for dps. i made a mistake.

Posted by Josephine Tan Su May > 2020-06-01 17:52 | Report Abuse

Nice price.....

Posted by Goodprofit > 2020-06-01 19:58 | Report Abuse

PA should be 6sen by tomorrow

Posted by BlackWhite > 2020-06-02 17:08 | Report Abuse

6sen seems to be the limit as mother is worth 19sen only for now

Posted by Rosli Mohamad > 2020-06-03 00:07 | Report Abuse

yea maybe soon rm 0.06