Fyi info my numbers came up to 3.10 if truly at 2.90 is expected. Kindly advice as the 5/shr MTN conversion seemed is 27cents above the current NAV expected 20years. Is that a bad sign?

Sifu Saturn, hope you can enlighten your experience in E&O on the MTN PDS mention on how the calculation method will affect the price because the two others mentioned are easier to calculate once the warrant is in and expected at 2.90/share as per Amresearch

MTN expected 5/shr for conversion and warrant at 2.90/shr. though 20 years there is a second part at 7 years commercial paper. That means for 20years at certain point base on value or period the conversion will be 1:1 in exceeding the 5

http://klse.i3investor.com/servlets/ptres/26037.jsp

I also ask the same question

To know, go for the EGM end on November. If against the Stp2 project, the bond issue maybe more appealing

Warrant is 20% of the WAP of market while 10% is dilution of price due to bonus. As for PDS, it is categorized as bond issue. In bond, the higher the price, it will be seen against the particular debt of project like Stp2 or overall debt of E&O. E&O has debt gearing at 0.3 which is low and market norm.

Again FA vs TA. If FA show very good value but not necessary will value high

Kakaka Santamaria. Buy at own risk. I hope OTB correct, otherwise a lot ppl will get burn again 3rd time

2.90 is the key
Warrant at 2.90 with 5 to 1 is approx 60cents
bonus if base on 2.90 with 10 to 1 is approx 2.60
Warrant + Bonus = 3.20
PDS must be attractive to sustain a weighted avg offer

Cheeseburger, PDs is commercial level. When the warrant comes out there will be excitement to come because It will be weighted average with target rm2.90, together with Bonus. With 5day weighted it should be above rm3 to toget 2.90. It's down because the tender not out only.