No point getting emo about GayauQwe. This is a non-moderated public forum. So, what do you expect? Before you guys bash me, let me say I'm not siding with GayauQwe ya. Just stating a point only. Haha.

So many ppl here just have no clue what they're buying into and no sense to read announcements issued by the company. Sigh.

I suspect (though I hope not because I'm a shareholder) that current price will come down after listing of rights and bonus shares because (1) there will be 3x more outstanding shares, (2) I've seen this happened before in the case of BORNOIL where price went up but came down significantly after listing of those shares.

You're half correct that cost of 30000 shares is RM0.033/share or RM1000. The other part is your existing shareholding. If your existing holding is 10000 shares bought at RM0.215, then your existing cost is RM2150. Total RM1,000 (rights) + RM2,150 (existing) = RM3,150/40,000 shares = RM0.07875/share

Posted by plcinvest > Jul 18, 2018 05:54 PM | Report Abuse

Hi 123invest, if you have 10,000 you will be offered 20,000 rights shares at $0.05 per share and you will be given 10,000 bonus shares. All you need to do is subscribe your rights entitlement and invest $1,000 (20,000 X $0.05) and you will end up having 40,000 shares [10,000 (existing) + 20,000 (rights issue) + 10,000 (bonus shares)]. It will be a waste if you don't take up the rights (comes with 10,000 bonus shares FOC) as your additional investment of $1,000 = 30,000 shares. Hence, the cost of the 30,000 shares is $0.033. Based on today's closing price of $0.09 you have a paper gain of $0.056 per share.

Sslee, u r too mature for i3. No point telling kids to be adults here. Haha.

Be patient and wait for Monday. :)

Hitting HKD12 soon.

Most closed to hitting HKD10

Most opening price went as high as 8.40

Those with shares on both KLSE and HKEX can benefit immediately like the sub-shareholders. For the rest of us, better watch MediaC HK and MOST IPO closely for the next few days.

The reason for the price differential between MediaC MY and HK now is due to the uncertainty of post-MOST listing. If prices of MediaC HK and MOST post-listing are sustainable then MediaC MY will catch up.

Since substantial shareholders traded for arbitrage, tmr MediaC MY will probably go up.

I bought in at 16.5 and sold at 21.5 all in under 5 mins on 23 Feb. True enough after it is downhill.

Already mentioned here...

https://thecoverage.my/news/epf-contributors-may-enjoy-dividend-rate-7-5-february-2018-says-ceo-epf/

So far BigPay app download still at 1k only. Seems like take up rate is slow after 2 weeks.

To those who intent to buy CW, be very cautious about it.

Some IBs are quite shrewd in their market making process. When mother share price is going up with momentum then they will load up their CW buy and sell queues, i.e. enough quantities for trading. However, if mother share price is experiencing a selldown, they won't replenish the queues the same way they do when mother share price is going up. In this event, you won't be able to sell without selling even lower. During this situation, they will also allow the spread of buy and sell queue to be wider, eg. instead of 0.15 / 0.155 (buy / sell), it could be 0.145 / 0.155. This is to force you to sell cheaper.

So beware. I've learned the hard way and paid a lot of "tuition fees". Fortunately, I've come out victorious with trading CWs not only with AA but other stock as well.

@supersaiyan, the adjustment for special dividend is stated in the base prospectus and not term sheet. Exercise price adjustment is quite a standard practice across the CW industry. However, I'm more wary of AA declaring it as special or normal dividend. Back in Aug, AA declared a normal dividend which is supposedly for AACE. Hence no adjustment to CW exercise price.

I would say margin call is definitely one of the reasons.

Selldown has nothing to do with shortselling. See for yourselves:

http://www.bursamalaysia.com/misc/system/equity_market_statistics/securities_equities_rss.pdf

Top HY promoter stockraider has gone MIA? He has been posting tons of comments every single day.

Supersaiyan, even if it doesn't go up to that level, the constant dividend will still be a consolation. :)

Supersaiyan, IB will only adjust the exercise price provided the dividend is declared explicitly as a special dividend. This is stated in all IB's CW prospectus. The issue is, AA declared the last dividend (should be for AACOE sale) as a normal one, hence the price isn't adjust. Because of this, there are now doubts whether AA will declare AAC sales proceeds as special dividend or not.

And, do you notice that we're down to only 2 AA CWs? No IBs dare to issue new ones, at least not before AAC sale finalization. They're probably expecting AAC sale soon and wanna avoid issuing any CW before that. Otherwise, the run-up in AA share price will give them problems to cover their risk.

Supersaiyan, I believe when IB issues CW they would mitigate the risk of big payout upon CW maturity by buying mother share. That would be the logical thing to do because as mother share price goes up, IB will be able to sell more CW and at the same time get the protection of mother share price appreciation.

Supersaiyan, or maybe most CW hv expired. So no incentive for IB to dump price.

Ok I guess if you tried enough times then eventually you'll be right. Hahaha.

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Posted by Nekosan > Dec 28, 2017 05:53 PM | Report Abuse

tomorrow profit taking day

Oh really ah? Hahaha.


Posted by Nekosan > Dec 28, 2017 03:36 PM | Report Abuse

massive. profit taking from 4pm?

Oh ok...really ah? Hahaha

Posted by Nekosan > Dec 28, 2017 03:12 PM | Report Abuse

should profit taking at 4pm

3 out of 5 top articles being read are HY related....hahaha

Theoretical opening now at 14.20!!

For those interested in CW, Naga Warrants website is quite useful especially the Compare & Contrast link:

http://www.nagawarrants.com/home

13.88 queue still building up. Too many buyers liao!! :-D

13.88 kena chewed up so easily!

Today's gain is like more geng than the day after QR was released.

HY mgmt bowing to uncle KYY's requests? Hehehe!


Posted by HENGYUAN TP $24 (ilovehits) > Dec 18, 2017 04:10 PM | Report Abuse

Must be an announcement later. UMA or bonus shares, split, dividend or warrants. Hu-ah huhu!

Walao....PANIC BUYING!

Wow, going to hit RM1 gain soon for today? What's up? Bonus issue? Share split? Free warrants? :-D :-D :-D

You can't be more correct :-). That's why I bought into it last week. It was too unbelievable.


Posted by Alex™ > Dec 18, 2017 03:52 PM | Report Abuse

the thing is, CH stays 2% for few days...... it's really a screaming buy back then.

Efficient market hypothesis theory can masuk tong sampah.

It's interesting to see how HY-CH premium was just 2.38% last week and now it is at where it should be, i.e. around 10%, for a CW with still a long tenure to go.

Could Dali's 3rd potential catalyst come true to explain this rise?

29 sen already and you said KLCI is screwing it up?? Hahaha.

As I've mentioned 2 days ago on HY-CH, it has unusually low premium (2.37%) for a CW with such long expiry. And seems like today it is playing catch up.

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Posted by skng74 Dec 13, 2017 05:44 PM | Report Abuse

For those interested in HY CW, CH is currently the most worth buying. I think today CIMB IB didn't do the proper market making causing it to lag mother share. It has the longest expiry on 29/6/2018 with very low premium at 2.37% at today's closing.

richardlee, u just can't resist wasting ur time here attacking Icon when he has already made his gains and jet set to NZ to enjoy himself. Learn a thing or two la but then again ppl say "you can't teach old dogs new tricks".

wiki123, let's be conservative and assume 0% premium...

15 - 8 (exer price) = 7 / 12 (exer ratio) = 58 sen

If assuming 5% premium (still low for such a long tenure CW)...

15.75 - 8 = 7.75 / 12 = 64.5 sen


Posted by wiki123 > Dec 13, 2017 05:47 PM | Report Abuse

re: skng74
For CH, hold until mother 15? What will be target price when mother 15?

For those interested in HY CW, CH is currently the most worth buying. I think today CIMB IB didn't do the proper market making causing it to lag mother share. It has the longest expiry on 29/6/2018 with very low premium at 2.37% at today's closing.

True but the article did highlight almost no access to HY's mgmt. The mgmt needs to invest in IR la. But I guess they've more important business with the Euro 4M compliance project.


Posted by probability > Dec 9, 2017 01:37 PM | Report Abuse

to me its totally unjustified.....HY deserves to be priced at Petronm level if refining margins are expected to be at 5 USD/brl long term.

Even then, that is assuming Simple Refiner is contributing indefinitely in PetronM together with its Retail segment unaffected by the IMO 2020 rules.

If one considers the sustainability of current refining margin, (not even considering the imminent closure of simple refiners and the huge capex for a huge upgrade) its not that difficult to see.

Some explanation from the article does explain why HY's valuation is so low (though still unjustified) compared to Petron's.

This week's The Edge Weekly article on HY. Download all 3 parts and view as image.

https://drive.google.com/open?id=1XC-l1Gslr7Ee7NYhrP0a6hAiVJm8BXnF
https://drive.google.com/open?id=1IJkURHsdIn1a6FQk08-0OjwQvyjBih52
https://drive.google.com/open?id=1jSbzs0XqteiPxyKSHhXEY47csnchCn8v

Probability, this inventory is referring to crude or refined product?

The limit up for stock/CW under RM1 is 30 sen but since CW tracks mother share price, that in itself should put a cap to it. Let's say HRC limits up on Monday, i.e. hitting 13.66, the theoretical price of CD should be 0.92. If limit-up applies to CW, then it will be capped at 0.83.

I sure hope HY limits up because I'm holding CD. :-D

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Posted by probability > Nov 30, 2017 08:27 PM | Report Abuse

i suggest every single i3 forumers to whack HY till it limit-up on Monday....ASB will vaporize within the first hour of trading if at all they have bullets and still want to sell.

Wonder call warrant has any limit up limitations?