Ini kali lah!

ICPS: To convert b4 maturity date, tender 1 ICPS + 54sen cash for 1 ord sh. By maturity date, unconverted ICPS automatically converted into ord sh on a 10:1 ratio.

Warrants: 60sen cash + 1 warrant for 1 ord shre

I am hearing the wave and anticipating nice beach and sunshine!

Ho Seh Liao!

ok thanks

What do u mean Yakok?

I wonder whether CSH is the ultimate new Tai ko of KTG. Just look at the series ICPS conversions, the Tai ko seems loaded and should be a bigger entity than CSH. Mis-direction as in the movie "Swordfish"!

Wake me up b4 u go go!

Agreed. Let's hope new s/h has more oomph than the previous ones.

Om....Up.....Om....Up!

Let's hope this is a good one. FS master says this is my good year lol!

Lai liao???

3.0E7 means 30m PA

E7 means 10m units

welcome

Yes. If no conversion, bo liao meaning expire valueless....

I bought some, up to a level that I am comfortable with. It all depends on your risk appetite and your own balance sheet strength. Speculation is tough biz!

low cost

I think mkt can easily absorb the 20.4m lost cost KTG

Let say 0.5sen, 10 ICPS to one ord share implies 5sen/share cost, so u r right, but the dilution is a lot lesser hence not a threat.
So far 187.6m ICPS have been converted by tendering 1 ICPS + 54sen cash, assuming no more conversion until expiry, the number of additional shares from automatic ICPS conversion = (392-187.6)/10 = 20.44m share

0.005sen or 0.5sen?

Conversion b4 expiry date is by tendering 1 ICPS + 54sen cash for 1 ord share

ICPS, if not converted by expiry date (7 Apr), will be automatically converted at the ratio of 10 ICPS into 1 ord share

Vroom vroom!

If ITCHYLEG's prediction were to come through, I am planning big big holidays once Covid travel restriction is off. No harming day dreaming a little lol

My guess (yours as good as mine) is that the new boss will surface AFTER one big ramp. If it is a good name, there will be stage 2 and stage 3 plays hopefully like Dataprep. I am dreaming....beaches + sunshine....

Good question. I don't know the answer alas.

Don't understand the US$6k+ backwardation - Crazy!

I only have guts to keep my low cost block (1.58). I averaged down my second batch (initially at around 2.50) to 2.10 when it plunged to low 1.80s recently, and squared yesterday with a bit of kopi duit. Will ride the first block to RM3 and see how....

Emergence of new controlling shareholder (???) likely. Complete disposal of shares by KTG Marketing Sdn. Bhd. (Vehicle of SIM CHIUN WEE, the director in charge of glove venture) via open market on 9 March. The glove venture may not go ahead after all, which is probably good news!

UP!

Likely big reversal tomorrow.

Worst is over. Om......

abcd, your statement re private placement price determination timing a guess or tip off from someone?

Don't look at it everyday - water torture!

It is a "controlled" stock. The power that's behind the counter can move the share and related instruments whichever way it wants to. Just buy and hold, and set an alert when the price has doubled!

Perhaps right after the private placement price is fixed.

Almost 170m RCPS have been converted in 2021 by tendering 1 RCPS + 54sen to convert into 1 ord sh. Cash inflow to company coffer = RM91.8m.

I think the share price is intentionally depressed so that the 20% private placement will be placed out to nominees of the "ultimate controlling shareholder" to average down the cost of RCPS conversion.

My guess is at some point the rubber band will snap back UP in a crazy way, just don't know WHEN!

The bulls on PEB better pray hard that the solar assets are injected at significant discount to their FV to justify the current share price. How good the solar biz is does not mean anything cos the injection price is NOT FIXED yet. One has to analyze the whole injection thingy using CF technique. If the solar asset injections were to be carried out at FV, the share price will go back to RM1.07, plain and simple. If you don't understand the argument, seek help from an investment banker friend to explain to you how it works.

"Sexy Chick Is Back" better - just a little sexist

SCIB = Soh Chai Is Back!
Let's hope is back up, not down!

This is a nasty correction. Want to Om also no mood lol!

The RM2.29 valuation is based on the assumption that current owners of reNikola are willing to inject their solar assets at half of their values, possible but not probable in my humble opinion.

One has to study terms of deal carefully when speculating on asset injection.

No unless current owner of reNikola is willing to give u a super big Ang Pow. I think many speculators wrongly compare PEB to Toyoink, which does not involve asset injection to be satisfied by share issuance.

Thought I run some numbers for clearer illustration.

Sorry I infringe your copyright! Minta maaf....

If negotiated injection px is RM0.1b, ceteris paribus,

share issuance of 0.1b/1.07 = 0.093458b sh, so Enlarged number of sh = 0.069 (existing no. of sh) + 0.093458 = 0.16246b,

value of PEB = (1.02*69.125)*0.001 + 1 = RM1.07b, same as above as we assume that market eventually reflects the true DCF valuations,

Per sh value = 1.07/0.16246 = RM6.59!, but the shareholder of reNikola needs to be so kind hearted that he is going to inject an asset worth RM1b for RM0.1b.

Eg. Assuming DCF valuation of the Solar assets is RM1b, but the negotiated injection price is RM2b, which requires share issuance of 2b/1.07 = 1.869b sh.

Enlarged number of sh = 0.069 (existing no. of sh) + 1.869 = 1.938b,

Assuming market eventually reflects the true DCF valuations,

Value of PEB = (1.02*69.125)*0.001 + 1 = RM1.07b

Per sh value = 1.07/1.938 = RM0.552


However, if the negotiated injection px is RM0.5b, which requires sh issuance of 0.5/1.07 = 0.467b sh, then value of PEB = (1.02*69.125)*0.001 + 1 = RM1.07b, same as above as we assume that market eventually reflects the true DCF valuations,

Per sh value = 1.07/0.467 = RM2.29.

The key consideration for the stock now is the corporate finance angle: What is the price paid for the solar assets? This will decide how many shares are issued and the degree of dilution.

Only after the above is fixed can one then estimate the per share valuation incorporating all the fundamental attributes.