KLSE: ANCOMNY-WB (4758WB)
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Last Price
0.70
Today's Change
0.00 (0.00%)
Day's Change
0.70 - 0.70
Trading Volume
66,000
Type
Company Warrant
Sector
INDUSTRIAL PRODUCTS & SERVICES
Listing Date
18-Sep-2020
Maturity Date
09-Sep-2025
Issue Size
32,073,526
Exercise Price
MYR 0.28
Ratio
1:1
Timeline
Prices
Warrant Price
0.70
Exercise Price
0.28
Underlying Stock Price
1.01
Conversion Ratio
1:1
Indicators
Value
Premium
Gearing
1.442
Issuer
ANCOM NYLEX BERHAD
Description
Issuance of 59,878,790 free warrants in Ancom Berhad ("Ancom") ("Warrants B") on the basis of one (1) Warrant B for every four (4) existing ordinary shares in Ancom held as at 5.00 p.m. on 7 September 2020
ANCOM Update:
1) S5-ALB RTO reassured by S5 MD as published by TheEdge Weekly last weekend 13March
2) Ancom stands to gain from share issuance of ALB to S5 owners. Book value of 5 sen, issued at 10sen. 5sen premium for the listed shell.
3) CPO Price sustaining above RM4k/mt, palm oil plantations increasing spending on herbicides to squeeze maximum yield at current high CPO levels. ASP and volume of Ancom's agrochem unit continue to break new high, booking profits for a record year ahead.
Ancom's share price failed to take off last time due to perception that it was a conglomerate burdened with too many loss-making baggages. It has successfully transformed to a pure-play integrated mid-size chemical group in Malaysia, akin to a mini-lotte/CCM.
Ancom shall benefit from the continued commodity supercycle as growers worldwide order more of Ancom's agrochem to better manage larger tracts of plantations to maximize yield.
RM2 for mother share seemed impossible last year. It is now within reach, very very soon.
2021-03-15 21:29
Nylex shoot up last Friday cos of value gap between Nylex price and the eventual offer price which includes Ancom shares issuance.
Ancom-WB next to shoot as it is already in the money or with super low premium.
2021-06-08 10:33
ycbang
thanks sifu Calvin
2020-09-18 11:01