John, let investors decide what they would like to do. I found that you like to shout out loud that CW sure win bigger than the mother.

Well, wish you huat all the way.

Ikan bilis earn less or loss, it is up to individual investors to decide.

Investors are all matured already.

I do believe that all the investors here including all the so called "ikan bilis" as you always claim that they are - they are surely very much appreciated your kind sharing of knowledge.

Thanks a million again.
Have a nice weekend and sweet dream. ❤️

Don't greedy. Never hope for RM 4.
Optimistic RM 1 shld be achievable in mid term?

EPF is letting go their shares to investors. Same patterns like other GLCs?

Be patience.

Pang72 kena already?

Hs John, well said. Wish you earn tons of $ ❤️❤️😁😁😍😍👍👍

0.81 wow

Goooo

Interesting. Realrich also emerge. Sure mkt will become hot and make everyone be rich d. 🤣🤣🥳🥳

Ukh 2017 research report for 8877, it set TP RM1.2x, then hoot to RM0.3 🤣🤣🤣😂😂😂

Dear Kim, tomorrow is Thursday, before Friday (Flyday), tomorrow will start Boom. Awaiting.

A good consolidation.

Interesting price. Booked.

Dear John, you are great. I do hope that all investors here are benefited from your explanation.
Good day and good health.
Cheers.

Dear John,
What a good explanation. Hebat!
So, let take this scenario below as an example to elaborate further so that everyone who is interested in learning and knowing about CW would benefit from this.

1) Today, mother share price RM 0.45

2) Today, C88 share price RM 0.10, and you buy 100k shares and pick up. (Hold)

3) C88 will expire on 17 Nov 2023 with exercise price of RM 0.35

The last trading day for C88 is 3 days before its expiry date, that is 17th Nov - 3 = 14th Nov (taking public holiday into consideration? I'm not sure. Assuming it counts by days regardless of holiday)

To determine the final share price for calculating and determining C88 actual value, the issuer will take the last 5 trading days (13th Nov to 17th Nov) closing price in order to calculate the average price for the mother. Assuming the last 5 days average price is RM 0.55.

Scenario #1) IN THE MONEY (winning)❤️:

Locked mother share price at RM 0.55

As such, C88 is in the money. That is, the mother share price LESS exercise price is calculated as follows:

RM 0.55 - RM 0.35 = RM 0.20

So, you have C88 100k shares bought at RM 0.10 and hold until 17th Nov 2023 (expired and you didn't sell or forgot to sell). These C88 100k shares are still yours.

So, the issuer will get ready the money to pay to you, since your investment is IN THE MONEY. That's 100k shares x 0.2 = RM 20k. (Opsss, I didn't dare to use 1mil shares to elaborate, but John dares, hero.)

In summary, you invested RM 10k, you get back RM 20k after C88 expired.

Note: issuer may pay via cheque or EPS (electronic payment for shares? Or must be cheque? Not sure.)

Scenerio #2) OUT OF MONEY (losing but not 100%)😯😓:

Locked mother share price at RM 0.40 (last 5 days average price)

As such, C88 is in the money. That is, the mother share price LESS exercise price is calculated as follows:

RM 0.40 - RM 0.35 = RM 0.05

The issuer will pay you RM 0.05 x 100k = RM 5000 and your investment incurred a loss of RM 5k.

Scenerio #3) OUT OF MONEY (losing 100%):

Locked mother share price at RM 0.30 (last 5 days average price)

As such, C88 is "OUT OF MONEY".

That is, the mother share price LESS exercise price is calculated as follows:

RM 0.30 - RM 0.35 = -negative RM 0.05

The issuer will not pay you anything as it is "negative".

-RM 0.05 x 100k = -RM 5000.
Thus, the issuer will not pay you anything.
You loss all your C88 investment amount. Crying without tear 😥😂😓😖 RM 0!!!

Dear John, hope my understanding is correct. Please correct me if I'm wrong.

Everyone can learn. 👍

Oh ya. Perhaps our dear Rabbit and Kim could share more about the above too so that all investors (regardless of experience or newbie can also benefits from investment knowledge and everyone is safe landed at the end.)

Wao. Dear John, u r so familiar with covered wrt (cw)? I have no idea about it. In order to share more on your idea, you may share with all the investors in this thread the following:

1) how to exercise when expired?
2) how many days before the expiry date the cw will stop trading on the mkt?
3) cw, if expired, if not sold the cw, after expiry date, it will become $0 right?
4) or, before expires, how many before expires need to "exercise" it (top up cash to exercise? )
5) if topup cash based on the exercise price, exercise price x qty on hand, total $ to pay to issuer? If so, the exercise is not letting the investors to obtain and own the mother shares right? This amount of $, where it goes to?
6) If no extra cash to top up to exercise those shares on hand, and those shares are not sold before expires, these shares will become $0 value and burnt off?
Etc etc.

Kindly share with all investors if you could.
Hope all investors do benefits from the knowledge shared by John kor.
Thanks.

GM Rabbit bang, terbaik

Shines kor, why down today?

Oh. Mkt suddenly drop. Not sure.

Dear Kim, let's wait and rock together. Cheers

Awaiting

Shines kor. Good day. CB?

R U Ready....!？

Shines kor, really so kawlat?

Last 10 minutes pre closed support was strong to push back to 0.555/0.60. Congrat.

Natsuko, hero

Flushing out contra players. Not big movement today.

Shines kor, is in green, but not pijak minyak yet. Awaiting.

Shines kor, tomorrow is Friday, Fly day and Fry day leh! Let's rock!

Oh, sound solid.

Not tomorrow start to jump meh?

Dear Abcdefg123456789,
Mr. Kim is the man we need. He is very experience and well connected. He could share much more information with us at his convenience.
IMHO.

Dear Rabbit,
Just like with PMX, "lawan tetap lawan"! Let's go!

Dear John, nice one. You are geng.

Dear Abcdefg123456789, my wild guess only. They are reducing their "indirect interest" in the company, increase the market float (one of the ways to release shares to the public shareholders so that the mkt vol could increase, or passing their shares to the public so that they invest in the co. - buy/hold).

In the PDF love letter, page#6

The Proposed Knusford-ECSB Merger exercise.

Pre-implementation:
a) EKO shall pay and settle all the o/s inter-co debts owing to Kunsford via the transfer of the entire issued and paid-up share capital of Ekovest Capital S/B
1. a shopping mall known as "EkoCheras Mall" with total net lettable area of approximately 613,957 sft in areas; and;
2. the entire issued and paid-up share capital of Duke Hotel S/B.

b) Knusford.... net assets per share of Knusford of RM0.60 per share as at 31 March 2023.

RM0.60. 8877 hit RM0.60 and retrace back to today around RM0.56

Page#7 said. Knusford to Ekovest or its nominee(s) (if any) a fixed issue price of RM0.60 per ordinary share in Knusford ("Proposed Knusford-ECSB Merger Consideration Shares").
The issue price had been arrived at and fixed based on Knusford's audited net assets per share s at 31 March 2023 after adjusted for the share split exercise.

Page#7, point #4. Post-implementation:....

There are more clues which we can have some wild guesses what Botak Lim is trying to do.

Not a bad activity to the company.

My 2 sen and may not be correct.

Oh ya, for IWCITY 1589, they public shareholdings, based on listing requirement, it must be 25% or more for public shareholders. In the PDF love letter which Botak Lim announced, the merger excise, may cause the public shareholdings become < 25%, Botak Lim will seek for "an exception" with Bursa to reduce the 25% to 15%? Hope I read the love letter correctly. This is ONE of the REASONS why I am always with 1589 instead of 8877 as 8877 is more fatty (2bil) vs 900mil the slim with less market float (big guys hold most of the shares!) Hence, 1589 is easier to PUSH up (from 0.3 to 0.8 like kacang putih).

Eyes tire liao, 19 pages love letter, and the PDF file is an image, the text inside there cannot copy and paste HA!

Love letter is here: https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=140732&name=EA_GA_ATTACHMENTS

Oh, I just know that tomorrow is a PH in Malaysia. Hihihi. Botak really knows how to choose a day to announce such a big one.

Dear Kim, yes, flyday! I have just finished reading the PDF (love letter from the Botak to Bursa and Board of Directors) (in the late evening today). Nice one. No wonder 1589 was goreng up from 0.30 despite having the Para 8.03A prob :-( I missed 1589 due to the Para 8.03A which made me becoming conservative else... hmmmm.... Nvm.

Risk8888, good news. But mid-long term still handsome. Speculating earn less and have "Risk" too.

Now, after reading the PDF file, I guess I know why that disposal of 12mil shares + earlier disposal taken place!

So, 1589's Paragraph 8.03A - its regularisation issue will be covered by this "plan"! Botak Lim ah Botak Lim!

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=140732&name=EA_GA_ATTACHMENTS

PDF (a letter from Botak Lim to board of directors in the late evening of 27th Sep 2023.）

https://theedgemalaysia.com/node/684154

Lim Kang Hoo proposes consolidation of group businesses under Ekovest
By Sulhi Khalid / theedgemalaysia.com
27 Sep 2023, 07:07 pm
Updated - 08:20 pm

Dear Kim, you already know this news before Botak announce on the media? I guess so. Powerful leh, dear Kim.

Oh. UncleFollower really is the man who really follow those retailers who are selling now oh.

RISK8888

Wooi, so apa macam? Limit up?

+1

Why are you guys so happy to see mkt bad sentiment leh?

Dear Kim, that is a great explanation.

Vol very thin.

wow. Botak Lim selling.

1589 surely perform solidly in time to come. But the only worrying is 8.03A sian zzz

Drop with very slim vol. Healthy consolidation.

Strange. This time rr88 is not around. Holiday.