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

Overview

Market Cap

NOSH

Avg Volume (4 weeks)

4 Weeks Range

4 Weeks Price Volatility (%)

%

52 Weeks Range

52 Weeks Price Volatility (%)

%

Previous Close

Open

Bid

Ask

Day's Range

Trading Volume

Financial Highlight

Latest Quarter | Ann. Date

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Next QR | Est. Ann. Date

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T4Q P/E | EY

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T4Q DY | Payout %

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T4Q NAPS | P/NAPS

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T4Q NP Margin | ROE

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Market Buzz
News and Blogs
Latest Hottest Following

No result.

Company Profile

Sector: INDUSTRIAL PRODUCTS & SERVICES

Sector: INDUSTRIAL PRODUCTS & SERVICES

Subsector: 

Subsector: 

Description:

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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