Posted by Britishshorthair > 2020-06-30 10:09 | Report Abuse

so in that case,

will they announce RTO first, before project announce , or project announce first before RTO?.
in that case there is two scenarios here. Do they really need the project announce for the RTO, thats my first question. They can also benefit from RTO even before project announce.

second question is the "probably 0.20 cents" , why are they aiming for a lower price 0.20 cents before RTO? or why will price drop to around that at the first place? is it because they trying to raise money, from selling shares released by the conversion of ICPS? what is the money used for?
What if the RTO never happens? they would have gained money on the excercise itself.
What if the RTO happens? if they did not sell the shares, they would gain significant value on the shares held from the ICPS conversion.

So another question is , why did they convert the ICPS? is it to increase share base, or to sell while there is buyer? Are they serious on the RTO or is this a ploy to increase base buyers for the shares to be sold.

I am not saying not that anyone is true or not, i am just basing my decisions on facts and answers

thanks

Cat

Posted by jase123 > 2020-06-30 10:18 | Report Abuse

The project has to be secured / guaranteed first behind the scenes , otherwise why RTO? Thing the process is maybe being delayed now due to mainly on project securement. Once this is 100% secured with no disturbance, nothing will stop RTO. As for goreng to take money here and there, if you look at owners of connect, these are small money for them.

Posted by SmoothDriving > 2020-06-30 10:22 | Report Abuse

Believe today is the D day for the project to be announced

Posted by Britishshorthair > 2020-06-30 10:34 | Report Abuse

How does everyone comes to the point where today is the D day. Is it for the project announcement or for RTO announcement? If it doesnt happen share price will drop?

Posted by birkincollector > 2020-06-30 11:13 | Report Abuse

lol everyday also got ppl mention "today" is the announcement of RTO...seriously if nothing happen this will drop back to 0.100

Posted by meisarel > 2020-06-30 11:17 | Report Abuse

https://focusmalaysia.my/mainstream/little-known-s5-wants-to-take-over-this-listed-company/

Posted by Britishshorthair > 2020-06-30 11:21 | Report Abuse

however even if people mention today, the talks are ongoing which is a fact. now the question is when we look into the dealings of CC are they playing a game or are they serious? only way to know if they announce RTO as soon as possible, and not playing with ICPS convertion.

If the RTO happens first, CC will benefit twice ! they got two shorts at increasing share price. Which is 100 % chance winning on RTO announcement and 50% chance loosing/winnning for the contract. Two chance at limit at 30 Cents each time plus the market drive after each event.

however if they announce RTO same say as contract announcement, they get/dont get the contract, they have 100% winning or losing. and only one chance are 30 cents limit up.

My thought is, they will announce RTO before contract announce, just that how far they wanna play with ICPS conversion? they announce a record 40 million last friday, and maybe 60 million shares for that week alone.

Posted by meisarel > 2020-06-30 11:23 | Report Abuse

“ Why does S5 want to do an RTO of ConnectCounty? Despite the latter being an ACE Market-listed company, it is believed that this might help in its NIIS bidding process.”

This is according to report in Focus above. Looks like RTO has to happen first before eventual award.

Posted by cwking2018 > 2020-06-30 11:26 |

Post removed.Why?

Posted by Britishshorthair > 2020-06-30 11:33 | Report Abuse

today connect counter tooo quiet.. very very quiet...

Posted by ASB79 > 2020-06-30 13:39 | Report Abuse

From MYEG Bursa announcement:

Further, based on the Purchase Consideration of RM90.00 million and the net profit of RM6.32
million of S5 (based on 10% equity interest of S5 to be acquired), the implied price-to-earnings
("PE") multiple of the Proposed Acquisition is approximately 14.23 times.

Posted by Britishshorthair > 2020-06-30 14:06 | Report Abuse

lamb lamb becoming lions

Posted by kseng_99 > 2020-06-30 14:16 | Report Abuse

On the eve of the storm

Posted by abc123_2020 > 2020-06-30 14:18 | Report Abuse

https://focusmalaysia.my/mainstream/all-you-need-to-know-about-rm1-5-bil-immigration-system-contract/..update for NIIS project..expected to be awarded in the third quarter of this year..short term should be DOWN for CONNECT..

Posted by meisarel > 2020-06-30 14:28 | Report Abuse

Third quarter begins from tomorrow if you think about it

Posted by Britishshorthair > 2020-06-30 15:10 | Report Abuse

Another 11 million icps converted. This ICPS game already quite tiring

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3064023

Posted by nicholas99 > 2020-06-30 15:15 | Report Abuse

run..

Posted by meisarel > 2020-06-30 18:21 | Report Abuse

https://www.nst.com.my/business/2020/06/604670/iis-contract-be-awarded-3q-year

Posted by nicholas99 > 2020-06-30 18:24 | Report Abuse

this news comes out on this morning.. still.. going down.. run..

Posted by teareader818 > 2020-06-30 18:59 | Report Abuse

Will jb161802 prediction that Connect will probably reach 0.20 first, be fulfilled? Then we should all start buying at 0.20. Right?

Posted by High5 > 2020-06-30 19:21 | Report Abuse

LURE- tempt a person to do something or to go somewhere, especially by offering some form of reward.

Posted by Britishshorthair > 2020-06-30 19:31 | Report Abuse

Anyone can answer why they keep converting ICPS?

Posted by Britishshorthair > 2020-06-30 19:34 | Report Abuse

Who owns this ICPS converted stocks?

Posted by Britishshorthair > 2020-06-30 19:42 | Report Abuse

Convertible preferred shares can be converted into common stock at a fixed conversion ratio.
Once the common share moves above the conversion price, it may be worthwhile for the preferred shareholders to covert and realize an immediate profit.
After a preferred shareholder converts their shares, they give up their rights as a preferred shareholder (no fixed dividend or higher claim on assets) and become a common shareholder (ability to vote and participate in share price declines and rises).

Posted by 1301392 > 2020-06-30 19:49 | Report Abuse

On another way round, maybe they anticipate that the share price is going to shoot up soon, and hence they convert now? Does this make sense?

Posted by Klse_faizan > 2020-06-30 20:20 | Report Abuse

If can maintain at 23.5sen I buy this week...

Posted by muDDywaterz > 2020-06-30 21:42 | Report Abuse

sounds like many people trapped in VIP Suite

Posted by Doremon99 > 2020-06-30 21:56 | Report Abuse

0.37 is which level suite?
Haha

Posted by Rowie > 2020-07-01 00:32 | Report Abuse

My view, conversions are beneficial to company in getting cash n saving interest payment. With market liquidity, conversion makes sense to make quick profits. But the real reason is that when S5 RTO Connect it will have to take shares in the Company as there is no cash to pay them. Conversions are a form of cheaper entry plus the % shareholding by S5 becomes smaller otherwise have to do a MGO . Say S5 takeover is at 50 sen then Connect has to issue 1.8b shares so a MGO is triggered unless waiver is obtained. Say S5 gets the 1.5b contract , then shoots to 80-1.00 so guess who is the real winner.
The deal is a win win for all so I hope it gets done as our market needs spice.

Posted by Britishshorthair > 2020-07-01 07:03 | Report Abuse

8.01 Appropriate offers for convertible securities
(1) Where a take-over offer is made for the voting shares or voting rights of an
offeree and the offeree has outstanding convertible securities, the offeror
shall make an appropriate offer or arrangement to holders of the convertible
securities and safeguard their interest.
(2) The offer document must be dispatched to the holders of convertible
securities at the same time that the offer document is dispatched to the
offeree shareholders.
(3) The take-over offer to holders of the convertible securities referred to in
subparagraph 8.01(1) may be effected by way of a scheme approved at a
meeting of the holders of the convertible securities.


Conversion is a requirement for RTO?

Posted by nicholas99 > 2020-07-01 09:05 | Report Abuse

run first. dont know bottom yet.

Posted by stockjobber > 2020-07-01 09:21 | Report Abuse

She will shoot up soon as the WA, WB and PA offer no discount to the mother price

Posted by Anderu > 2020-07-01 09:32 | Report Abuse

Might as well just rise the WA, WB, PA eleh

Posted by muDDywaterz > 2020-07-01 09:42 | Report Abuse

@Doraemon99 Penthouse with 24/7 butler service

Posted by stockjobber > 2020-07-01 09:43 | Report Abuse

Lots of fund cannot buy WA, WB, PA or any other derivatives

Posted by JC8886 > 2020-07-01 10:05 | Report Abuse

stockjobber " She will shoot up soon as the WA, WB and PA offer no discount to the mother price"

@stockjobber... bro it really depends on who is converting the ICPS...the 470mil ICPS on hand as in their company annual report dated 31/12/2019, the total value of ICPS in their company report only RM12mil. (Page# 130 of company annual report)

So their average cost is about RM0.026 per ICPS share, if add in RM0.075 conversion fee, their total cost after conversion only RM0.11 or RM0.12 per share.

Anyone please correct me if my calculation is wrong....

Posted by JC8886 > 2020-07-01 10:10 | Report Abuse

I guess the recent ICPS conversion is meant to increase the number of ordinary share for S5 RTO

Posted by nicholas99 > 2020-07-01 10:21 | Report Abuse

The way and the rate of icps is too slow. it seems it will take some more time. Except, the shareholders/ directors are sharemarket pros. or else, i foresee this will keep dropping.. and more icps coming..There are 400m icps leftover.

Posted by JC8886 > 2020-07-01 10:22 | Report Abuse

I think probably S5 or CC company will require to convert most, if not all, of their on hand ICPS shares before RTO -- in order to prevent the possibility of future ordinary share % dilution by ICPS conversion... to safeguard the benefits of controlling shareholders

Posted by Justmeme > 2020-07-01 10:31 | Report Abuse

At current prices there will be less or no more conversion in coming weeks. You can see that the buying volume of the PA n Warrant have been much reduced in last few days.

Posted by HandsomeGain > 2020-07-01 11:07 | Report Abuse

0.2

Posted by Anderu > 2020-07-01 11:10 | Report Abuse

Coming to you already handsomegain, patience is the key huh?

Posted by jase123 > 2020-07-01 11:10 | Report Abuse

Who knows what the bottom price is. Maybe 0
21, 0.22 0.23?

Posted by Anderu > 2020-07-01 11:12 | Report Abuse

Handsomegain should be maximumgain soon haha

Posted by Doremon99 > 2020-07-01 11:24 | Report Abuse

https://www.theedgemarkets.com/article/deciphering-niis-bidding-war

Posted by Doremon99 > 2020-07-01 11:25 | Report Abuse

https://www.theedgemarkets.com/article/deciphering-niis-bidding-war

Posted by HandsomeGain > 2020-07-01 11:31 | Report Abuse

Anderu: Ya man..Patient is the key. i will park at 0.2, 0.205, 0.195...See what is the result.

Posted by Anderu > 2020-07-01 11:36 | Report Abuse

Lai liao lai liao heavy dump new low since weeks

Posted by Hockster > 2020-07-01 11:37 | Report Abuse

@HandsomeGain Finally its coming to your doorstep LOL

Posted by HandsomeGain > 2020-07-01 11:40 | Report Abuse

Ya.. Everyone after matched then sapu together up to rm 0.5 haha.