Dont understand why people buy WA at 14c.

GoodBoy, No problem and Thanks.

GoodBoy, from where you know that Innofarm holding 35% SGB-PA?

OMG, Innofarm dump so many shares on 3rd May until less than 5%, no longer a major shareholder.

flyingkite, it gives some confidence to us on the fair value of SGB.

Also there is chance that they may goreng for another round, hopefully this time less people get trapped.

http://klse.i3investor.com/blogs/opinions/96072.jsp

Update info on Innofarm trading

1) 19 Apr: Buy 7.1m share
2) 22 Apr: Sell 1.0m share
3) 25 Apr: Sell 0.3m share
4) 26 Apr: Sell 5.0m share
5) 27 Apr: Sell 5.6m share
6) 28 Apr: Sell 1.9m share
7) 29 Apr: Buy 3.8m share

I tot they would have continued to sell shares on 29th Apr, but surprisingly they announced on Friday that they instead bought 3.8m share. Their balance of shares increased to 11.6m.

Checked the data and I found that the high and low on 29th Apr were 1.02 and 0.895.
So guys, this is a very good news for all of us.

NeverLossAgain, I cant predict the market prices (solely depend on buyers and seller) for PA and WA if mother share go up/down to 80 cents / 50 cents.

However, I can show you the intrinsic values:

1) For mother share at 80 cents,
PA's intrinsic value is the higher of 80c - 54c = 26c, or 80c / 10 = 8c, so it is 26c.
WA's intrinsic value is 80c - 60c = 20c.

2) For mother share at 50 cents,
PA's intrinsic value is the higher of 50c - 54c = 0c, or 50c / 10 = 5c, so it is 5c.
WA's intrinsic value is 50c - 60c = 0c.

So in all cases, PA's intrinsic value value will be higher than WA's.

Those who hold WA are in a higher risk position compare to mother share and PA. They should ask themselves a question why not swap to mother share or PA.

Innofarm disposed 1.9m shares on 28th Apr, but announced only on yesterday, which was one week later, I believed they did not violated the rule. But why does the rule allow the major shareholder to have one week time to just announce the changes in shareholding? If the company share buy back can be announced on the same evening, I dont see any problem for the major shareholders to announce their changes of shareholding on the same evening. I think BURSA should tighten the rule.

Innofarm announced just now that they sold another 1.9m share on 28th Apr, the balance was 7.9m shares, I think they had also sold some more on 29th Apr and 3rd May, yet to announce.

1) 19 Apr: Buy 7.1m share
2) 22 Apr: Sell 1.0m share
3) 25 Apr: Sell 0.3m share
4) 26 Apr: Sell 5.0m share
5) 27 Apr: Sell 5.6m share
6) 28 Apr: Sell 1.9m share

Tomorrow 6m new shares. But I think most of them will not in hurry to sell as the PA and WA are no longer in big discount

I bet their 1st quarter EPS will be around 1 or 2 cents per share, excluding Fair value changes in Land Lease Agreement (‘LLA’) liability.

I bet their 1st quarter EPS will be around 1 or 2 cents per share, excluding Fair value changes in Land Lease Agreement (‘LLA’) liability.

Should investigate Innofarm,

1) 19 Apr: Buy 7.1m share
2) 22 Apr: Sell 1.0m share
3) 25 Apr: Sell 0.3m share
4) 26 Apr: Sell 5.0m share
5) 27 Apr: Sell 5.6m share

Good to have UMA, at least the board of directors have to say something.

Kena UMA again.

I think no point to gain control of this company. The company is very much relying on the political link directors to get new projects. Should anybody else gain control the company and kick the existing directors out, the company will be very hard to find new jobs.

For the purpose of gaining control, it is better to buy PA. Because you are in better and more flexible position. You can choose to convert anytime by 10PA or 1PA+54 cents, meaning to say you can decide how many mother shares you want, for controlling purpose.

To say the WA was free is not accurately true. Because they would not have given you the WA if you dont buy the PA, they come together as a package. Cant really say the PA cost you 6 cents and the WA was free.

alibabacoming, dont say chop your head, this highly speculative counter can go either side.

Your friend or the people in the trading house can say anything. but logically they should buy PA instead of WA.

Cant understand why people still want to buy WA at this price, directors Kuan and Lim sold all their WA and Innofarm also doesnt have any WA.

moneySIFU, why need to compare with Huayang, Tambun and KSL? These 3 are developers but SGB are more like a contractor, they sign MCA with the owners/developers.

SGB is a highly speculative counter, people are looking at how many more new projects will be coming in, see the following last paragraph in their answer to Bursa UMA query:

"Further, the Company is in the midst of bidding and pursuing more projects and works and are in talks with various parties including governmental authorities. Some of these are in advanced stage of discussions."

I think PE of 5 is not relevant.

High risk for WA, might go cheaper than PA.