LAND & GENERAL BHD-ICULS 13/18
KLSE (MYR): L&G-LA (3174LA)
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1 person likes this. Showing 50 of 422 comments
Mr Ooi's pick is correct again. Buy and hold for 2 to 3 months to win big is his strategy.
2014-07-30 16:03
So mean no matter what price we buy just add extra 13 sen for the amount we buy?
2014-07-30 16:18
i think is like this: now the price is 0.48, so total cost incur is 0.48+0.26 to get one mother share?
2014-07-30 16:21
yup, even u buy now at 0.49 (+0.13) vs mother share price, sudah untung kaw kaw mah but only downside 8 working days to convert
2014-07-30 16:22
my understanding is price of ICULS cut by 0.13 and on top of that pay another 0.13, so total 0.26? sorry i am confused.
2014-07-30 16:29
very simple, just pay RM130 to convert 1,000 loan stock to 1,000 mother share
2014-07-30 16:36
a lot of ppl confusing now... all just follow sephiroth, he is right. Just RM130 for each LA u bought.
2014-07-30 16:53
y la only 50cents,n mother up to 0.675,[0.50 +0.13 =0.63],hope tomorrow is the show for la
2014-07-30 16:56
yup you are right ^^ .... but have some difficulties to convert it .... need to fill up a form and then send it .... cost your time
2014-07-31 07:59
This is a real undervalued counter with potential to hit 1.20++++ easily by year end.
2014-07-31 08:20
Norwegian fund Noges allots RM800mil to invest in Malaysian small, mid-cap stocks
http://www.thestar.com.my/Business/Business-News/2014/07/31/Norges-allots-RM800mil-for-small-midcap-stocks/
2014-07-31 08:56
if i don't convert, and if there's any bonus issue, this LA will be adjusted accordingly or not?
2014-07-31 14:39
a dead stock. keep on dropping. no volume. although cash rich but couldnot perform. useless.
2015-06-25 11:56
iculs exercise price is 26c + current market price 29.5c =55.5c
mother share 43c
over-value by 12.5c, right?
so , iculs shall trade 12.5-13c to break -even, right ?
if wrong, please correct...
2015-10-20 12:28
Hai, can anyone explain to me why the exercise price is RM0.26, Last time it was RM0.13. assuming i convert the warrants RM0.2859(current market price) +RM0.26 (exercise price) = RM0.545 (currently the ordinary share is RM0.435).
is it overvalued by RM0.11 ?
Hope to get a solid explanation from this. Thanks
2016-09-20 22:35
Hi! Wrong interpretation, friend!
CorrectICULS exercise prise is rm0.26. However ICULS issued price is rm0.13 itself, So just add rm 0.13 to convert. As. ICULS at rm0.13 + rm0.13 = exercise price.rm0.26.
2016-09-21 10:42
There are 2 choices or methods to convert the ICULs which were issued at 13 sen per ICUL in 2013:-
1. Surrender One ICUL plus 13 sen cash in exchange for One share, or
2. Surrender Two ICULs in exchange for One share. (no need to pay anymore cash)
So, just convert the ICULs under Method 1 when the ICULs are traded above 13 sen in the market.
If the market price for the ICUL drops below 13 sen, then use Method 2 to convert.
Unfortunately, a lot of people may have thought that the ICUL holder has to surrender One ICUL plus 26 sen cash to convert into one ordinary share. This partly explain why the ICULs always trade at a discount in the market. The conversion price of 26 sen published in the newspapers without detailed explanation has confused or misled a lot of people to simply sell or throw the ICULs at below the intrinsic value.
Quite pitiful though.
The ICUL holders should convert the ICULs first and then sell the converted ordinary shares which should fetch a better price based on the last 2 years scenario since the ICULs have been mostly under-priced.
2016-09-22 22:30
Thank you huat888.
Thank you valueinvestor for the detail explanation. :)
2016-09-23 00:46
Another question for valueinvestor. So, using method 1, if i convert my ICUL now by adding the extra RM0.13, (0.28+0.13= 0.41) current mother share is RM0.44. (i earn RM0.03?)
using method 2, surrender two ICULS in exchange for mother share (0.28+0.28 = 0.52), (lose RM0.08??)
2016-09-23 01:30
To convert to mother share, there are 2 option:
1) 2 ICULS change for 1 mother share
or
2) 1 ICULS + RM0.13 for 1 mother share
2016-09-23 01:45
The issue price of the ICUL was 13 sen. Previously one needs to surrender one ICUL plus 13 sen cash to exchange for one ordinary share when the conversion price was 26 sen.
Now the conversion price will be reduced to 20 sen but the issued price of ICUL remains at 13 sen due to the impending rights issue of the mother share. Hence, going forward, one will have to surrender 1 ICUL (issued price @ 13 sen) plus 7 sen only to exchange for one ordinary share after the ex-date for the impending rights issue for the mother share.
Therefore, the upside will be good when the mother share starts to rally in the second half of 2017.
2017-04-02 13:43
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CS Tan
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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....
sephiroth
can't convert online, must fill up the form, page 3, (A) debit yr loan stock, (B) credit mother shares
2014-07-30 15:58