jowong7, correct me if I'm wrong. But I believe that assuming the ESOS is exercised fully, the figure provided is up to 31st of Dec 2013. The figure from 1st of Jan 2014 onwards have yet to counted into calculation because there is no way we can know how many shares have been added via ESOS since January until now. The only to know is through quarterly reports.

I don't know if ESOS is exercised quarterly, semi-annual, or annually, but if the deal will only be done in FY14 Q4, we can seek a substantial amount of shares that we need to add into calculation.

the blog assumes that all ESOS are exercised, and hence comes out with the figure of 725 million shares. Nobody knows how much more shares have been added via ESOS since Jan 1 until now. Those numbers will count in the final dividend distributed back to shareholders at the end of the deal.

jowong7, yes the 708 million already included the 17196000 shares. However, it does not include the number of shares that CAN BE exercised by the ESOS holders.

you are welcome...looks like it will be RM2.34 per share after considering ESOS....

You guys should read this: http://www.intellecpoint.com/2014/03/where-did-it-go-wrong.html

Total number of shares is not 708 million because that does not include the number of shares exercised in the ESOS (Employee Share Option Scheme). It will end up to be 725 million shares!

counter overbought maybe? I don't do technical analysis so I don't know. Maybe some sifu here can explain.

SexC, if you do not get it, people are telling you to sell it since you are jumping up and down here. Better not buy something that you can't take the risk for :)

Thanks to panic sellers in the last few weeks, I was able to increase shareholding in Padini for cheaper price :)

sometimes, PN17 means nothing if a company is fundamentally strong. Maybe instituitions believe the company can bounce back quickly after this.

Excerpt from annual report 2013: "While an additional
Brands Outlet store and two stores for our new Tizio label were opened, we also closed a Padini Concept Store in Kota
Kinabalu together with four other single-brand stores in the Peninsula."

Competition is healthy and I won't be too concerned because this a fundamentally good company. If price drops below RM 1.70, I'll buy again!

barcelona, what price do you think the warrant will be after issue?
Jyen, price now 0.170, your TP .20 means you expect the price to go up?

Everyone is trying to get the free warrants and 1:1 share? I don't know. I'm still holding on to this share but just my personal opinion that price will drop because 1:1 should have diluted the share price once issued.

I think TA make a call for sell based on previous happenings whereby Asia Media announce bonus issue/free warrrants and share price plunge by alot. You can refer to Oct 2012 and Dec 2012 respectively to see the sharp price drop. There will be no exception this time, so the right question is how much will it drop after they issue the 1:1 share and free warrants.