Base on THHEAVY proposal:

Based on the Conversion Rate and the par value of the ICPS-i, the conversion price derived
is RM0.25 for every new THHE Share (“Implied Conversion Price”). Based on the assumed
entitlement basis of 16 ICPS-i for every 15 existing THHE Shares and the 5-day VWAMP of
THHE Shares up to and including the LTD of RM0.3966, the Implied Conversion Price
represents discounts of approximately 22.84% and 22.10% to the TERP of RM0.3240 and
RM0.3209 under the Minimum Scenario and Maximum Scenario respectively.

In determining the discount to the prevailing market price, our Board has taken into consideration the level of discount that is likely to encourage broad participation in the rights issue exercise by our Entitled Shareholders, while at the same time enabling our Company to raise the required
funds. Our Board deems that the discount to the TERP, which is in line with the range of
discounts observed in precedent rights issue exercises, is reasonably attractive to encourage
shareholders’ participation in the rights issue after taking into consideration the prospects and
future growth of our Company.
====================================================================
0.3966 - high

0.3240 & 0.3209 - 22.84% and 22.10% discount from the right issue price at 0.25

Base on current closing market price at 0.27... its just doesn't have much discount or attractive to encourage shareholders to subscribe for the RI..

Renouceable rights price info:

http://www.wisegeek.com/what-are-renounceable-rights.htm

Renounceable rights are rights to purchase a set number of shares in a company at a discounted price, offered to existing shareholders when a company wants to raise more capital. The practice of offering shares at a special price to people who hold stock in a company is known as a rights issue, and is done to provide people with an opportunity to maintain their proportional ownership in the company. In the case of renounceable rights, the rights are transferable and people can choose to sell them if they do not want to exercise them.

When a company offers renounceable rights, it evaluates the number of shares people already hold and the current price for shares on the open market. It offers a proportional amount of shares in the new issue at a lower price. Shareholders who choose to take advantage of the offer are able to buy shares to compensate for the dilution that occurs when new shares are issued. They can also opt to sell the renounceable rights if they do not want to exercise them, or choose to pass altogether, even though the value of their existing shares will be diluted because the overall number of shares in the company is going up.

There are markets for renounceable rights and people can usually find buyers. For members of the trading public, buying such rights can be advantageous as it allows them to access a new issue before other members of the public, at a lower price than the company's shares trade for on the open market. Value of such rights varies, depending on a number of factors, from the total discount offered to the company's current financial position. When purchasing the rights, people weigh the cost of the purchase of the right itself along with the stock.

Yeah.. Heavy handed play. Company need money but based on the current traded price and sell down, its seems not many are interested/ wanted to pick/subscribe the RI. Those who buy and plan to trade the OR renounceable RI also difference by only 0.02 sen currently and need huge capital/ & vol buyer to absorb to get profit.

The sell down also allow big shareholders to absorb at lower price but they still need money to pick up/sell the Renouceable right. Investor might as well buy after ex-right. Price weakness alwys favours big and long term players.

Just wonder how THHEAVY goin to raise fund if no investor want to buy or subscribe for the RI unless they themselves subscribe and later sell back when price move up...

=================================================================

Recent RI completed was MAHB. It was 10% oversubscribed

http://www.malaysiaairports.com.my/?m=media_centre&c=news&id=478

http://www.4-traders.com/MALAYSIA-AIRPORTS-HOLDING-6491319/news/Malaysia-Airports-Berhad--MAHB-plans-1-for-5-rights-issue-19369846/

http://www.nst.com.my/node/78429

Price drop back to last year Dec low. RI proposal doesn't seems attractive base on recent sell down price. EGM next week, not yet finalize/approve on the renounceable shares RI info.

Still have 4.81% indirect shares but cease to be substantial shareholder.

=======================================================
http://54.255.137.222/my/article/th-heavy-falls-417-day-after-quek-ceases-be-substantial-shareholder

Quek first emerged as a substantial shareholder in TH Heavy in May 2013 with 92.8 million shares or a 9.09% stake in the company.

With the disposal yesterday, he should still hold about 53.94 million shares or about 4.81% indirect stake in TH Heavy.
=========================================================

rishi: voting is individual own decision. Previous RI proposal cancelled because price drop too much and its 1:5 will makes the share value dilute even much lower.

Base on market price if the current price is low/close to the right issue price, its not attractive from investment point of view because existing shareholders/ investor will rather buy/subscribe after ex-right issue price but for big shareholders/player for long term they still accumulate to subscribe more shares later after ex.

Recent RI at 50 sen by KNM price drop after proposal from 0.80 till 0.41 before rise up high back till 0.80 before ex-RI and after ex drop to around 60 sen +.. Big player game.. swing price down and shoot up back...

http://themalaysianreserve.com/new/story/knm-group-new-shares-oversubscribed

http://www.theedgemarkets.com/my/article/knm-fixes-rights-share-price-50-sen-warrant-exercise-price-rm1

As usual, in stock market every decision made is own choice.

Last year 7 Oct, TH Heavy Engineering has proposed rights issue with a bonus issue. The rights issue comes with a 1:5 bonus issue. Price was around 0.80+ but with so many -ve newsplay and warrant expiry at December.. price drop till 0.52 and later drop further 0.365 and bottom at 0.275/0.28 with layoff manpower news. After bad news subside, oil price stabilize, price start picking up slowly towards 0.36 back.. and with cancellation of right issues.. price rose till 0.39.

Later new right issue proposal out.. price still went up till 0.455 and weaken back sliding towards 0.36+ and further low at 0.30+/- lvl currently. High vol transaction recorded from last year Oct till Feb this year..but vol was much lower since Feb 16 then till now about 3 mths already.

Based on current market price, its quite unattractive for right issues proposal to get approval for coming EGM and alot shareholders will be making noise there.

Current play only block at 0.30/0.305 - 0.310 with big queues.. its like want to lock transaction buy and sell at that price for the past few week. Headless direction pending the right issues approval and big player not taking any actions yet.

Those short term player with no fund to subscribe for RI worry share price will dilute after ex-RI.
So if RI cancel.. they no worry and will push up price prior to the RI proposal high price since its already oversold/price in the fear of dilution ex-price. Whereas those long term players with big fund will continue to accumulate shares at low price before ex-RI and will also buy more coz can get subscribe more shares cheap at only 25 sen later.... no matter the right issue proposal get approved or cancelled.. they will still make money either way.

28May EGM.. still waiting for RI confirmation. Price low due to RI spook and no big players buy/push up.. happen like last year RI proposal also price went down. When RI cancel price start moving up strongly.. big players game.

annmix: Stock price changes everyday same goes with support & resistance lvl
dpd on buyer/seller queues daily. Nothing is forever same especially in stock.

Only novice don't know and they only come make noise when price consolidate/down.
When price moving up... they just keep quiet. Typical small player with no investment plan.
Just ignore them....

Recent breakout was push down back below 0.35
The players are supporting and also blocking the price. Moving sidway back again.
Either accumulation, luring more buyers/sellers before next wave.
Break out from 0.35 and strong big buyers needed for more +ve uptrend.

http://54.255.137.222/my/article/th-heavy-falls-417-day-after-quek-ceases-be-substantial-shareholder

KUALA LUMPUR: TH Heavy Engineering Bhd, which is involved in the fabrication of offshore oil and gas (O&G) facilities, saw its share price fall 1.5 sen or 4.17% yesterday to 34.5 sen, with about 16.3 million shares traded, a day after banking tycoon Tan Sri Quek Leng Chan ceased to be a substantial shareholder in the company.

According to a Bursa filing on Wednesday, the billionaire had disposed of some 38.86 million shares of TH Heavy (fundamental: 0.35; valuation:0.3) via his indirect stake in Guoline Capital Ltd, Guoline Capital Assets Ltd, Hong Leong Co (M) Bhd and HL Holdings Sdn Bhd.

Quek, who is rumoured to have an interest in the O&G industry, chairs privately held conglomerate Hong Leong Co (M) Bhd which is involved in the finance, property and food sectors.

Quek first emerged as a substantial shareholder in TH Heavy in May 2013 with 92.8 million shares or a 9.09% stake in the company.

With the disposal yesterday, he should still hold about 53.94 million shares or about 4.81% indirect stake in TH Heavy.

He also has an indirect 6.49% stake in marine offshore service provider Alam Maritim Resources Bhd through his vehicle Associated Land Sdn Bhd, after emerging as a substantial shareholder in Alam Maritim last year.

His associate Paul Poh also holds a 7.86% stake in Alam Maritim (fundamental:1.6; valuation: 1.1) through his vehicle Caprice Capital International Ltd.

Last week price was around 0.33.
Yesterday & today broke resistance 0.35 lvl and yesterday & today highest 0.37 before closing at 0.345 with AVG transaction at 0.3579. Resistance lvl at 0.35 and today AVG transaction price at closing is 0.3579. Price movement break resistant lvl 0.35 and holding well as per today closing.
Selling queue resistance still high today, need more buying strength for convincing break out > 0.35

Price still holding well, big players still buying today with high vol.

rishi: It expects the corporate exercise to be completed by second quarter of 2015.
Should be in June. Already see some vol and buying strength actions by big players...start slowly hopefully will roll into bigger uptrend.

Early morning already RM3.4 million total transaction with 53% buy and highest was 0.37
Theres big buyer buying and supporting/absorb some sellers.

Oil price moving up again.
http://www.reuters.com/article/2015/04/15/us-markets-oil-idUSKBN0N502O201504154
http://www.cnbc.com/id/

cipapo: Those big players that exit most likely ady made tons of money via 3rd party accounts.
Their cheap entry last time via share placement around 45 sen in apr 2013 but its was also the "big players" that push up the price to RM0.965+ in july 2013 and RM1.05 in feb 2014.

These big players then distribute/sell all the way down to 0.63 - 0.52 - 0.275, push up back 0.455 den down 0.325 and still making profit money.

THHEAVY is big players game, small players usually are the one that lost money... maybe some made money if have good trading plan.

Even when some big shareholders selling their shares yesterday, price still moving up strong today. White knight emerge to bring THHEAVY out from consolidation stage/downtrend?
Share placement last week which involves 10m new shares - at 33 sen per share, which will raise RM3.3m.

Selling was absorb and buyer strength increase pushing and break resistance lvl at 0.35 today.
Today total transaction value at RM6.18 million with 71% buy AVG at 0.354 which worth abt RM4.38 million. Buy sign start showing on 13/4/15 and today its getting stronger with bigger vol buyers.

As usual, buy, sell or hold any stock is individual own choice.

maya1301: Those ppl only comes in when THHEAVY price drop.. when price goin up,, they all quiet like stone.

kuttyravi: ICPS-I is offered to shareholders.. theres ICPS-I issues previously when Ramuniatake over MMHE via 0.50 ICPS . Ramunia share price shoot up close RM1 as MSE will then undertake a renounceable offer for sale of 82 million new Ramunia shares at an offer price of RM1 each to the entitled shareholders of Ramunia/THHE and chg from 2nd board to main board and rename to THHEAVY

http://www.rhb.com.my/corporate_profile/media/2008/01-22.html

========================================================================

The ICPS-i will be provisionally allotted to the Entitled Shareholders. Any fractional entitlements under the Proposed Rights Issue of ICPS-i will be disregarded and shall be dealt with in such manner as the Board shall in its absolute discretion deem fit or expedient and in the best interest of the Company.

2.1.2 Renunciation of the ICPS-i
The Proposed Rights Issue of ICPS-i is renounceable in full or in part. Accordingly, the Entitled Shareholders can subscribe for and/or renounce their entitlements to the ICPS-i in full or in part.
Any ICPS-i which are not taken up or not validly taken up shall be made available for excess application by the other Entitled Shareholders and/or their renouncee(s). It is the intention of the Board to allocate the excess ICPS-i, if any, in a fair and equitable manner, and on such basis as it may deem fit or expedient and in the best interest of the Company, which will be determined by the Board and announced later by the Company.

Recent high was 0.455 when oil price shoot above 60 usd but drop back when oil price drop back 55 usd. Now theres some traction up again with some big buyers entering today.
Vol + buying strength increase... +ve sign.

Oil prices rise on expected dip in US shale output http://klse.i3investor.com/servlets/fdnews/224490.jsp

In contrast, THHE also has a presence in the floating, production, storage and offloading (FPSO) business. THHE has under its belt an 8-year US$372m FPSO contract awarded by Nippon Oil for work at Sarawak's Layang field in May 2014. The contract comes with a 10-year extension option. The fabrication of FPSO modules will start in 1Q15, thus mitigating the weakness in the fabrication business, before contributions from the operations of the FPSO vessel start flowing in mid-FY16.

Dylan1027: Right issues at 0.25

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1877693

The entitlement basis for the Proposed Rights Issue (“Entitlement Basis”) has not been fixed at this juncture to provide flexibility to the Board to determine the exact number of the ICPS-i to be issued, taking into account the issued and paid-up share capital of the Company upon implementation of the Proposed Rights Issue of ICPS-I.

==============================================

As at the LPD, the Company also has up to 58,311,374 new THHE Shares remaining to be issued (“Remaining Placement Shares”) pursuant to the private placement of the Company which was announced on 24 September 2014 (“Private Placement”).

===============================================

The ICPS-i will be issued at its par value of RM0.25 per ICPS-i. The conversion rate of the ICPS-i has been fixed at 1 new THHE Share for every 1 ICPS-i held (“Conversion Rate”). Based on the Conversion Rate and the par value of the ICPS-i, the conversion price derived is RM0.25 per ICPS-i (“Implied Conversion Price”). Based on the assumed parameters as set out in Section 5 of this announcement, the Implied Conversion Price represents discounts of approximately 22.76% and 22.46% to the theoretical ex-rights prices of RM0.3237 and RM0.3224 under Scenario 1 and Scenario 2 respectively, based on the 5-day volume weighted average market price of THHE Shares up to and including the LPD of RM0.3966.

Current buying & selling seems from the same team/group.. just waiting for next wave direction.

Recent approval received on 8/4/15
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1928041


We refer to the announcements dated 13 February 2015 and 16 March 2015 in relation to the Proposals. Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the announcement dated 13 February 2015.

On behalf of the Board, HLIB wishes to announce that Bursa Securities had, via its letter dated 7 April 2015 (which was received on 8 April 2015), resolved to approve the admission of the ICPS-i to the Official List of Bursa Securities, the listing of and quotation for up to 1,200,000,000 new ICPS-i to be issued pursuant to the Proposed Rights Issue of ICPS-i as well as the listing of and quotation for up to 1,200,000,000 new THHE Shares to be issued pursuant to the conversion of the ICPS-i on the Main Market of Bursa Securities.

The approval granted by Bursa Securities for the above is subject to the following conditions:

1.THHE and HLIB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Rights Issue of ICPS-i;
2.THHE and HLIB to inform Bursa Securities upon the completion of the Proposed Rights Issue of ICPS-i;
3.THHE to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue of ICPS-i is completed;
4.THHE to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at an extraordinary general meeting for the Proposed Rights Issue of ICPS-i; and
5.THHE is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the conversion of the ICPS-i as at the end of each quarter together with a detailed computation of the listing fees payable.

This announcement is dated 8 April 2015.

Theres some buying going on yesterday but not strong enough to break yet.
Good potential to break& move up once big players accumulated/AVG down enough for Rights Issues play later. Need strong convincing big buy vol or break 0.35 lvl.

Price was keep low for recent private placement shares.
Even when world oil price up 6% but THHEAVY still howering around 0.33 last week.
The big players still accumulating at low price.
Towards closing todays theres some buying vol at 0.34.

Yes, those big players entry from 0.33+ onwards before moving higher towards 0.40+ previously.
A lot big players & big shareholders still holding their shares inside. Alot small fish already drowned and flush out..maybe still have some still swimming if buy at good price and plan.

Price movement chgs with market sentiment and big players movement.
Big players movement & support lvl chg every few days... don't just stick to old historical data.
Buy/sell/hold at price suit own risk and plan.

Oil price surge up 6% after Saudi airstrike Yemen http://www.reuters.com/article/2015/03/26/us-markets-oil-idUSKBN0MK0Z020150326

Come back is real ... after flush weak player... the big players re-enters back.. normal SOP.

+ve Buy signal already coming back... those who want to buy, pls set own trading plans.

Rinse over... time to shine?

The big players inside not aggressive like KNM. That counter can defy gravity even when oil price down market, only drop abit. Maybe still not the right time yet. Need patience..

The big players also seems stuck, their big entry from abt 0.35 onwards previously.
Still holding and vol transaction low.

tradervic: Yes, can go up and also can go down dpds on the big players movement direction.
If have holding power, mid term will move up back again.
As usual, set your own investment plan if want to invest.

Big players still inside, from indicators consolidation almost complete in few more days.

Oil price climbing up steadily http://klse.i3investor.com/servlets/fdnews/223964.jsp

2nd half trading today saw strong buyer re-emerges buying with big vol at 0.37 & 0.375.

Oil price up more . http://klse.i3investor.com/servlets/fdnews/223941.jsp

Small n weak players that cant hold or dont haf investment plan sure feel the heat.
big players wont die so easily.

Big players stop pushing up, consolidate back.
Vol low after financial qtr out but price still sliding as lack of buyer support queues.

Total transaction today abt RM 2.78million, Avg at 0.38, buy 24% closing at 0.37,.
Selling pressure today high as more seller selling down and buyer buy AVG at 0.38.
Closing at 0.37 done with small vol traded.

As usual, decide ownselves when to buy/hold/sell.

annmix: Yea.. last time he posted this.. ..
orlandooil - With big Q4 loss and serious problem still on how can you keep saying big players will push up, big players will push up ??? Misleading newbies

Today post U-turn

orlandooil - Big players will push up the price today because the new rights issue still have to wait for a couple of months

02/03/2015 08:29

I really facepalm .. lol.. another joker with best nonsense jokes like Analyst8..


Same goes to Analyst8... lol
analyst8 - Certain people are just not up to the standard but try to act smart.

annmix: I just came online.. price as expected being supported well.
Ignore that guy.. he only know repeat repost and don't know nuts wats happening especially how stock market movement directions by the big players.

World Oil price already up, even our petrol price also increase.
http://www.thestar.com.my/News/Nation/2015/02/28/fuel-price-up-25-sen/

Good recent example will be KNM recent financial qtr results.

Price before cny went up high from 0.65 till 0.745 16/2/15, and then moving down till 0.675 towards Financial qtr result annoucement on 25/2/15.

Later on 26/2/15 price closing 0.715

Financial result out quite ok, yet share price down before result out and didn't go up much later and low vol transaction. Big players not pushing or buy anymore before close 2 announcement date & after announcement out? Why? Because news already out...leave it to small retailers to buy?

KUALA LUMPUR (Feb 25): KNM Group Bhd saw its net profit for the financial year ended Dec 31, 2014 (FY14) doubled to RM45.69 million, from RM23.45 a year earlier, due to improved margins.

This translated to an earnings per share (EPS) of 2.94 sen, higher than EPS of 1.6 sen in FY13, despite a 12.3% decline in FY14 revenue to RM1.87 billion, compared to RM1.99 billion a year ago.

“The Asia and oceanic segment registered lower revenue recognition, however with improved margin contribution. The Europe segment’s contribution remains positive, with its stable order book and higher margin contribution,” said KNM (fundamental: 0.85; valuation: 1.2).

However, in the fourth quarter ended Dec 31, 2014 (4QFY14), KNM saw its net profit fallen 47.22% to RM3.97 million, from RM7.51 million in the previous financial year. EPS for the quarter was at 0.26 sen, lower than 0.51 sen a year earlier.

Revenue was down 21.54% to RM451.24 million, from RM575.13 million.
======================================================================

Last week closing
Crude Oil (Brent)
USD/bbl. 62.58 +2.53

orlandooil: I've have already provided the link for u to see the daily vol & price transacted.
Its the vol & price speak for itself... u don't/cant understand so I put it in simple word.. big players buying/accumulating and pushing up. How can the price move up? Simple question yet u cant answer or just ignorant abt it?

U can chk back the date of my posting and the price movement from 0.355 till 0.455.. and also the support vol at 0.40+/-. Its tally and not misleading...

Since u have poor understanding/comprehension .. its ur own problem beside main problem of repeating post . Cant hlp much and no point reply to u further.

Lol...keep repost last yr CEO annoucement more than 5x and still ask who started it?
Ppl know how 2 read.

Anything wrong with u till haf 2 repost so many times... it makes ppl wonder whether
u have any problem ?