Posted by firehawk > 2020-12-04 07:27 | Report Abuse

Remarks :
The ICPS may be converted into new fully-paid ordinary shares in Focus (''Focus Shares'' or ''Shares'') at the conversion price of RM0.550 (''Conversion Price'') in the following manner:-

(i) by surrendering for cancellation the ICPS with an aggregate issue price of the ICPS equivalent to the Conversion Price, subject to a minimum of 1 ICPS and a maximum of 10 ICPS for every 1 new Share; and

(ii) by paying the difference between the aggregate issue price of ICPS surrendered and the Conversion Price, if any, in cash, for every 1 new Share

Premised on the terms of the ICPS, subject to adjustments, the ICPS can be converted into new Shares on any market day commencing on and including the issue date of the ICPS up to and including the maturity date of the ICPS. Any remaining ICPS that are not converted by the maturity date shall be mandatorily converted into new Shares at the conversion ratio of 10 ICPS for every 1 new Share.

If the conversion results in a fractional entitlement to the 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 2 December 2020.

Posted by Johntee > 2021-04-05 21:34 | Report Abuse

Is this pa currently undervalued ? If 10 pa can convert to 1 mother shares, that mean we only need 250 to have one mother share which currently worth 480? Kindly correct me if my calculation is wrong

Posted by greedy44444 > 2021-04-08 01:46 | Report Abuse

Yes... you're absolutely correct

Posted by greedy44444 > 2021-04-08 01:48 | Report Abuse

Crazy seller cashing out fast before SC and police frozen their trading account for their involvement with money game activities, you know who's the big boss, right ?

Posted by BLee > 2021-04-08 10:40 | Report Abuse

@Johntee, I think it is April Fool offer (price drop around 1st April) with limited period until price balance out. Grab it if you dare? Happy Trading

Posted by BLee > 2021-04-08 10:56 | Report Abuse

2.5sen tickets all gone for now..Happy Trading

Posted by Anti_banker > 2021-04-08 16:23 | Report Abuse

PA sellers why Bursa no news unlike mother?

Posted by greedy44444 > 2021-04-09 08:21 | Report Abuse

No sell and buy update for ICPS

Posted by greedy44444 > 2021-04-09 08:21 | Report Abuse

Only the number of conversion units

Posted by greedy44444 > 2021-04-09 08:22 | Report Abuse

Only got news for mother share and warrant

Posted by newbie5354_ > 2021-04-09 14:51 | Report Abuse

Will today 1.5 sen PA lowest? Possible PA can become 0.5-1 sen later?

Posted by greedy44444 > 2021-04-09 15:26 | Report Abuse

Buy and keep...still got 9 years left before expired

Posted by persie > 2021-04-09 17:34 | Report Abuse

Why got many sellers today ?

Posted by greedy44444 > 2021-04-09 17:59 | Report Abuse

Sellers having memory lost... maybe he thought pa expired next week...lol

Posted by BLee > 2021-04-10 16:18 | Report Abuse

LOL, only warrants will expired to zero value. ICPS will mature on set date i.e. auto convert to mother share. If liquidated, preference share will be paid in priority over mother shares holder, i.e. lower risk. For info, I have taken the risk to get in 2.5 sen on Thursday and 2 sen on Friday. Average price now 2.25sen. Happy Trading

Posted by persie > 2021-04-11 14:21 | Report Abuse

How does icps work ? Could we only concert by having 10 icps to 1 ordinary share by paying nothing? And when maturity date, can it automatically convert to ordinary share ?

Posted by BLee > 2021-04-11 21:37 | Report Abuse

@persie, all details of Focus-PA are in the prospectus, link https://www.klsescreener.com/v2/announcements/view/3256163
Ans: 10 Focus-PA can be converted into 1 mother share without extra payment. Each Focus-PA worth 5.5sen during conversion regardless how much you pay during purchase in open market. Will auto convert upon maturity. Happy Trading

Posted by persie > 2021-04-11 23:29 | Report Abuse

BLee.. How can i have to pay 5.5c since I purchase pa 1.5c in open market without extra payment during conversion ?

Posted by BLee > 2021-04-12 01:10 | Report Abuse

@persie, the original subscriber already paid 5.5sen (base value, take it as loan stock with a fixed value), hoping to gain a profit from this ICPS issuance. Somehow, you managed to purchase lower than the issuance price. Based on the conversion ratio of 1:10 to make up 55sen i.e. 5.5sen x 10 ICPS or minimum 1 ICPS (value at 5.5sen) plus cash to make up 55sen, you can convert to mother share. If by the time (8 working days needed for conversion) mother price still above your contributed equivalent investment, you can sell with a profit. Happy Trading

Posted by Not_logic > 2021-04-12 16:19 | Report Abuse

If they paid 5.5 sen why sell at 1.5-2 sen can make $?

BLee @persie, the original subscriber already paid 5.5sen (base value, take it as loan stock with a fixed value), hoping to gain a profit from this ICPS issuance. Somehow, you managed to purchase lower than the issuance price. Based on the conversion ratio of 1:10 to make up 55sen i.e. 5.5sen x 10 ICPS or minimum 1 ICPS (value at 5.5sen) plus cash to make up 55sen, you can convert to mother share. If by the time (8 working days needed for conversion) mother price still above your contributed equivalent investment, you can sell with a profit. Happy Trading
12/04/2021 1:10 AM

Posted by BLee > 2021-04-12 21:15 | Report Abuse

@Not_logic, don't forget the free 'sweetener' warrants given with the subscription? Also, the 'herd' mentality of 'negative' news? I really don't have the answer why selling when mathematical still profitable? I believed the subscription $ still not spend yet on the intended purpose; so Focus-PA still secure? Happy Trading

Posted by newbie5354_ > 2021-04-13 01:30 | Report Abuse

W how much? Is it 1 for 1 PA subscribed?

Posted by BLee > 2021-04-13 09:39 | Report Abuse

@newbie5354_, it is 3W for every 2 ICPS subscribed. "FREE DETACHABLE WARRANTS IN FOCUS (''WARRANTS D'') ON THE BASIS OF 2 ICPS TOGETHER WITH 3 FREE WARRANTS D".
Hypothetically (cerita dongeng), if subscriber sold warrants D at first day of trading at 7.5sen (figure from graph and 52w high), Focus-PA holding cost free with handsome profit. So it is not a bad idea to subscibe some of this RI. Happy Trading

Posted by fearhad > 2021-04-14 11:39 | Report Abuse

can the price go higher? i want to dump this stock

Posted by wee2000 > 2021-04-14 14:15 | Report Abuse

looks like collection mode now. but there must be a price movement in 7 days time.

Posted by BLee > 2021-04-14 21:04 | Report Abuse

@investor2021trading, please refer link for conversion details:
https://www.klsescreener.com/v2/announcements/view/3272031
"maximum of 10 ICPS for every 1 new Share" means 10 of 5.5sen equal 55sen for 1 new share, no extra payment required. Happy Trading

Posted by Yw Leong > 2021-04-14 21:16 | Report Abuse

Think twice before conversion as the mother share is now below 0.4 and the PA is not expiring soon

Posted by wee2000 > 2021-04-14 21:34 | Report Abuse

if u want to convert now & got your PA at 0.02, u will just need 10 x 0.02 = 0.2 costing for 1 mother share.

as long as u use 10 PA to convert, u will get 1 mother share, regardless how much u bought the PA.

Posted by Yw Leong > 2021-04-14 21:56 | Report Abuse

The conversion will take >8 days so is there anyone can guarantee the gain after conversion ?

Posted by BLee > 2021-04-14 22:19 | Report Abuse

@investor2021trading, 1 ICPS is worth 5.5sen upon conversion no matter how much you buy. To convert or not, up to individual. Happy Trading

Posted by Fatman > 2021-04-16 03:05 | Report Abuse

Can you convert your PA. now? I thought the PA will expire on 2030?

Posted by wee2000 > 2021-04-16 13:48 | Report Abuse

u may convert ICPS anytime, only RPS will have to wait for the expiry. But do allow 2 weeks time for the processing

Posted by hw223 > 2021-04-18 10:07 | Report Abuse

better don't convert, sharks waiting there to dump their holdings!

Posted by wee2000 > 2021-04-18 22:11 | Report Abuse

yup, now there's no point for the conversion..

Posted by BLee > 2021-04-26 11:52 | Report Abuse

I intended to invest more on Focus-PA, and done some reading on Fintec and Focus latest quarter reports. The following quote seems partly support my "cerita dongeng".

"Article B11 - Status of corporate proposals
a) On 2 December 2020, Asiabio Capital Sdn. Bhd. (“ABC”), a wholly-owned subsidiary of Fintec, has subscribed in aggregate 25.05% or 512,099,792 ICPS with 768,149,688 free detachable Warrants D of Focus Dynamics Group Berhad("the free detachable Warrants") for an aggregate sum of RM28.16 million in cash via the Rights Issue of ICPS with Warrants of Focus at an issue price of RM0.055 per ICPS. On 21 December 2020, ABC had disposed the free detachable Warrants for an aggregate sum of RM26.74 million in cash through open market."

It seems that the holding cost of 512million Focus-PA for Fintec only around RM1.4million.

Happy Trading

Disclaimer: This is NOT a Buy, Hold or Sell recommendation; just for sharing purpose.

Posted by lehubeng > 2021-04-27 15:30 | Report Abuse

4 weeks range is within 0.01-0.09..... many burned....

Posted by BLee > 2021-05-07 10:49 | Report Abuse

Bottom reached yesterday?? Hopefully once only; so far today no 0.5sen traded..managed to get 1sen today to average to less than 1.5sen holding cost. Happy Trading

Posted by Vhydro > 2021-06-24 17:35 | Report Abuse

Im waiting at 0.005

Posted by BLee > 2021-07-04 18:42 | Report Abuse

@Go Jon, your assumption is right. Only thing if I average down, I always do multiple, i.e. if I buy 3,000 lots at 1.5 sen; I will buy 6,000 lots at 1 sen. This way, my cost very much lower than 1.5 sen. With such low value, as of now, I already in paper gain..

Happy Trading

Posted by BLee > 2021-07-04 18:53 | Report Abuse

I have no intention to convert any time soon; worst come to worst, will let the PA mature and auto-convert. Since it is so low value, the upside is much higher than the low. On KPS, I think we can do it together. Language shall not be a problem as long as we know our common target..Happy Trading

Posted by BLee > 2021-07-13 17:39 | Report Abuse

@Go Jon, just let them rattle (发牢骚) to let out negative energy; investment to earn and enjoy the up and down, no need to argue too much. Happy Trading

Posted by Go Jon > 2021-08-06 15:29 | Report Abuse

@BLee What's your comments on Focus latest proposal of share split at 1:3. What's the probable effect on the PA.

Posted by BLee > 2021-08-06 16:04 | Report Abuse

Go Jon: @BLee What's your comments on Focus latest proposal of share split at 1:3. What's the probable effect on the PA.

06/08/2021 3:29 PM

Hi Go Jon, The proposal was in Jan 2021; rejected. I presume no bad effect. Present price still very stable, the down side risk is very low if your holding is just 1 sen.

Happy trading

Posted by Go Jon > 2021-08-06 20:29 | Report Abuse

@BLee: had the proposal been allowed, the no. of company shares will balloon to 19 billions shares, and the price of FOCUS mother share will be around ±0.015 per share. I just wondered what is in the mind of the BOD?. Who should benefit the most if the exercise was approved? Based on the amount of shares held, Fintec and subsidiaries stood out. If they can quickly push out the shares between 0.02 to 0.03 they can make tons of money.

Posted by Go Jon > 2021-08-06 20:49 | Report Abuse

@BLee: since the exercise has not worked out to plan, perhaps they may have to push current mother price @0.04 to between 0.05 to 0.08. It is a bit harder to do, because of the need for bigger financial resources. Last month they had difficulties to push beyond 0.05. See what they had done to the share prices of Saudee and LKL lately, I believe they will soon come out with new proposals to raid the market. Have a nice weekend and happy trading next week

Posted by BLee > 2021-08-06 22:18 | Report Abuse

Go Jon:  Had the proposal been allowed, the no. of company shares will balloon to 19 billions shares, and the price of FOCUS mother share will be around ±0.015 per share.

BLee: At around Jan. 2021, Focus D trading in the range of 60 to 70 sen, after split will be around 23 sen. Due to foreign selling starting Apr. 2021, the shares split no more doable??

Go Jon: I just wondered what is in the mind of the BOD?.

BLee: I can't answer this question.

Go Jon: Who should benefit the most if the exercise was approved?

BLee: It is a share split, all shareholders shares will increase 3 times. All benefit?? Maybe holders of ICPS will benefit if conversion price/ratio adjusted accordingly.
( Extracted from shares split doc: Proposed Share Split will decrease the reference price of the Shares, Warrants D and ICPS but it will not have any impact on the total market value of these securities held by the Shareholders, Warrants D holders and ICPS holders respectively.)

Go Jon: Based on the amount of shares held, Fintec and subsidiaries stood out. If they can quickly push out the shares between 0.02 to 0.03 they can make tons of money.

BLee: I think not relevant as everyone will get equal amount..no one get more than the 3 times. Since now below RM0.20, technically rejected??
(Extracted from the shares split doc: The Proposed Share Split is in compliance with Rule 6.31(1A) of the ACE Market Listing Requirements of Bursa Securities, as the adjusted price of a Share is not less than RM0.20 based on the daily volume-weighted average share price (“VWAP”) of the Shares during the 3-month period before 4 January 2021, being the date of the submission of the application to Bursa Securities in relation to the Proposed Share Split.)

06/08/2021 8:29 PM

Posted by BLee > 2021-08-07 00:30 | Report Abuse

Go Jon: @BLee: since the exercise has not worked out to plan, perhaps they may have to push current mother price @0.04 to between 0.05 to 0.08. It is a bit harder to do, because of the need for bigger financial resources.

BLee: No comments..Only interested in ICPS which is worth 5.5 sen selling at 1 sen and maturing in 2030. This 5.5 sen cannot be split, consolidated or diluted unless converted...

Go Jon: Last month they had difficulties to push beyond 0.05. See what they had done to the share prices of Saudee and LKL lately, I believe they will soon come out with new proposals to raid the market.

BLee: Generally market at consolidation stage, have to wait for vaccination to reach 80% and politic stabilize..

Go Jon: Have a nice weekend and happy trading next week

BLee: Same to you. Time for my slumber. TGIF

06/08/2021 8:49 PM

Posted by Investsmart4 > 2021-08-17 15:05 | Report Abuse

PA maturity date when ar?

Posted by BLee > 2021-08-17 23:57 | Report Abuse

@ Investsmart4: PA maturity date when ar?

17/08/2021 3:05 PM

Please refer Focus-PA Profile for Securities of PLC at https://www.klsescreener.com/v2/announcements/view/3272031 for all the important details.

Maturity Date : 26 Nov 2030

Posted by Investsmart4 > 2021-08-23 23:45 | Report Abuse

Thanks