SOUTHERN STEEL BERHAD - RCULS 2015/2020

KLSE (MYR): SSTEEL-LB (5665LB)

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Last Price

0.80

Today's Change

0.00 (0.00%)

Day's Change

0.80 - 0.81

Trading Volume

2,000

Financial

T4Q

31-Mar-2021

2020

31-Mar-2021

2019

31-Mar-2021

2018

31-Mar-2021

2017

31-Mar-2021

Total assets

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current assets

238

1000

110

900

600

Cash & equivalents

238

1000

110

900

600

Short term investments

238

1000

110

900

600

Total receivables, net

238

1000

110

900

600

Accounts receivable - trade, net

238

1000

110

900

600

Other receivables

238

1000

110

900

600

Total inventory

238

1000

110

900

600

Inventories - work in progress

238

1000

110

900

600

Inventories - progress payments & other

238

1000

110

900

600

Inventories - finished goods

238

1000

110

900

600

Inventories - raw materials

238

1000

110

900

600

Total non-current assets

238

1000

110

900

600

Long term investments

238

1000

110

900

600

Note receivable - long term

238

1000

110

900

600

Investments in unconsolidated subsidiaries

238

1000

110

900

600

Other investments

238

1000

110

900

600

Net property/plant/equipment

238

1000

110

900

600

Gross property/plant/equipment

238

1000

110

900

600

Accumulated depreciation, total

238

1000

110

900

600

Deferred tax assets

238

1000

110

900

600

Net intangible assets

238

1000

110

900

600

Other current assets, total

238

1000

110

900

600

Total liabilities

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current liabilities

-238

-1000

-110

-900

-600

Total non-current liabilities

-238

-1000

-110

-900

-600

Long term debt

238

1000

110

900

600

Long term debt excl. lease liabilities

238

1000

110

900

600

Capital and operating lease obligations

238

1000

110

900

600

Provision for risks & charge

-238

-1000

-110

-900

-600

Deferred tax liabilities

-238

-1000

-110

-900

-600

Other liabilities, total

-238

-1000

-110

-900

-600

Total equity

-238

-1.64%

-1000

+11.55%

-110

+81.66%

-900

-13.16%

-600

+235.36%

Total liabilities & shareholders' equities

238B

1000B

110B

900B

600B

Total debt

238

1000

110

900

600

Book value per share

-238

-1000

-110

-900

-600

Discussions
Be the first to like this. Showing 3 of 3 comments

Solo

Can someone explain to me how does this LB work?

2017-04-28 11:21

gforce2

SSTEEL-LB is a loan stock, with fixed interest repayments of 5% (5 sen/yr, paid at half-yearly intervals), from 2015-2020. As far as I can figure, it is a 1:1 conversion to mother share (The RM1.05 exercise price refers to the initial price to buy the loan stock in 2015). Conversion can be done at any time, via your remisier/brokerage.

The reason for the low volume is because -LB stockholders were getting 5 sen annual returns (better than FD) while mother share had no dividend since 2014.

Given that the mother share just declared a 3 sen dividend ... you can expect some interest in this counter, as a cheaper entry to own the mother share.
Note that at RM1.40, loan stock interest works out to only 3.57% p.a.


References:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4205517
http://www.bursamalaysia.com/market/listed-companies/company-announcements/3644697

2017-04-28 14:36

Jimmy Lim

cheap.

2018-08-15 22:03

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