FOCUS DYNAMICS GROUP BERHAD - IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES 2020/2030
KLSE (MYR): FOCUS-PA (0116PA)
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Discussions
Be the first to like this. Showing 50 of 55 comments
Sellers having memory lost... maybe he thought pa expired next week...lol
2021-04-09 17:59
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
2021-04-10 16:18
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 ?
2021-04-11 14:21
@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
2021-04-11 21:37
BLee.. How can i have to pay 5.5c since I purchase pa 1.5c in open market without extra payment during conversion ?
2021-04-11 23:29
@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
2021-04-12 01:10
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
2021-04-12 16:19
@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
2021-04-12 21:15
@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
2021-04-13 09:39
looks like collection mode now. but there must be a price movement in 7 days time.
2021-04-14 14:15
@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
2021-04-14 21:04
Think twice before conversion as the mother share is now below 0.4 and the PA is not expiring soon
2021-04-14 21:16
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.
2021-04-14 21:34
The conversion will take >8 days so is there anyone can guarantee the gain after conversion ?
2021-04-14 21:56
@investor2021trading, 1 ICPS is worth 5.5sen upon conversion no matter how much you buy. To convert or not, up to individual. Happy Trading
2021-04-14 22:19
u may convert ICPS anytime, only RPS will have to wait for the expiry. But do allow 2 weeks time for the processing
2021-04-16 13:48
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.
2021-04-26 11:52
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
2021-05-07 10:49
@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
2021-07-04 18:42
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
2021-07-04 18:53
@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
2021-07-13 17:39
@BLee What's your comments on Focus latest proposal of share split at 1:3. What's the probable effect on the PA.
2021-08-06 15:29
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
2021-08-06 16:04
@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.
2021-08-06 20:29
@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
2021-08-06 20:49
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
2021-08-06 22:18
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
2021-08-07 00:30
@ 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
2021-08-17 23:57
Strong mother carrying daughter to higher level. Long time no paper 'gain'..all my 'hard work' of periodic updating Focus D changes in shareholdings and daily trading at Focus D forum seems paying off?? TAYOR
Happy trading
2021-09-09 15:41
@BLee: your continuous "hard work" in Focus D forum has brought good results. From 0.04, it has moved up to 0.065, with volume increased substantially. Expect it to touch 0.08 by month end.
2021-09-11 18:23
Hi @Go Jon, just joking..how can my "hard work" moved the share price? Just riding on the co-incident. Last Friday before market closes, strong selling reversed the trend. I have updated a link in my write-up from malay mail for everyone ponder. The link:
https://www.malaymail.com/news/malaysia/2021/09/11/tengku-zafrul-foreign-capital-inflows-signal-malaysias-brightening-prospect/2004751
This newspaper report might tell the market direction for the next quarter.
Happy trading
2021-09-11 21:38
@BLee: your comments and logical evaluations in the Focus D forum dont sound like jokes at all. Newbies and old hands alike should earn or recover something if they move in now for the mother share at between 0.06 to 0.07 per share. Personally, I like what you have said regards the prospect of the PA. Since my last posting in August, I have accumulated 2 million shares at 1 sen per piece. If the mother price continue to move up in the next few months, and the daughter follow in tandem, I dare to say that I made a good decision at following your argument that investing in the PA is at a low risk and with high return potential when acquired at a low price. And like what you have also said, the worst scenario is to convert the PA at 10 to 1 into 1 single mother share. And you have until 2030 to do it!. Foreign buyers have returned, so HAPPY TRADING NEXT WEEK.
2021-09-12 09:16
@Go Jon, I am NOT a fortune teller, unlike some Forumer which put up ALL the negative scenario of consolidation of 50 to 1, etc and prices retreated back to few sen. Of course that is the risk we take, TradeAtYourOwnRisk. In your case, good to hear that you managed to collect 2 million Focus-PA since the 1 sen buying queue has increased significantly. All the best for you and to myself. Hope everyone don't get influenced by my write-up, please do own due diligence.
Happy trading
2021-09-12 09:37
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BLee
2.5sen tickets all gone for now..Happy Trading
2021-04-08 10:56