company is doing private placement, price havent fixed... i dont think they will goreng up, the new investor will want lower price, just grab when it correct to 40-45c
On d contrary, because of PP, they will continue to goreng up , if it is just to impress potential institutional buyers. ;) No reason why the co prefer not to get more funds from investors by pressing d price down! Hehehe? logic or not? Remember, PP price is yet to be fixed. Price not fixed, I repeat! The higher the price, the more funds the co will get! ;)
My rough TP For: - Mother is 0.33 x 300% = 0.99 ( not sure about d 0.33, or was it 0.1 ? Check if I read wrong - mother is cheaper than warrant!?) - warrant 0.18x 300% ( based on previous track record) = 0.54
From Bursa's site: IPO for mother:
PUBLIC ISSUE OF 30,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN SMR TECHNOLOGIES BERHAD ("SMRT") AT AN ISSUE PRICE OF RM0.33 PER ORDINARY SHARE COMPRISING:-
- 2,500,000 NEW ORDINARY SHARES OF RM0.10 EACH FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF SMRT AND ITS SUBSIDIARY;
- 25,000,000 NEW ORDINARY SHARES OF RM0.10 EACH BY WAY OF PRIVATE PLACEMENT TO THE IDENTIFIED INVESTORS; AND
- 2,500,000 NEW ORDINARY SHARES OF RM0.10 EACH FOR APPLICATION BY THE PUBLIC
IN CONJUNCTION WITH ITS LISTING ON THE MESDAQ MARKET OF BURSA MALAYSIA SECURITIES BERHAD
Profile for Warrants
SMR TECHNOLOGIES BERHAD
Instrument Type Warrants Description WARRANTS IN SMR TECHNOLOGIES BERHAD ("SMRT")("WARRANT(S)") ISSUED PURSUANT TO THE BONUS ISSUE OF WARRANTS ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH IN SMRT (“SMRT SHARE(S)”) HELD AT 5.00 P.M. ON 1 AUGUST 2012 Listing Date 10/08/2012 Issue Date 02/08/2012 Issue/ Ask Price Not Applicable Issue Size Indicator Unit Issue Size in Unit 85,936,833 Maturity Date 01/08/2017 Revised Maturity Date Exercise/ Conversion Period 5.00Year(s) Revised Exercise/ Conversion Period Exercise/Strike/Conversion Price MYR 0.1800 Revised Exercise/Strike/Conversion Price Exercise/ Conversion Ratio 1 Warrant : 1 SMRT Share Revised Exercise/ Conversion Ratio Mode of satisfaction of Exercise/ Conversion price Cash Settlement Type/ Convertible into Physical (Shares)
Remarks : The Warrants are issued to the entitled shareholders of SMRT on the basis of one (1) free Warrant for every two (2) existing SMRT Shares held at 5.00 p.m. on 1 August 2012.
Each Warrant carries the entitlement to subscribe for one (1) new SMRT Share at the exercise price of RM0.18 and at any time during the exercise period, subject to the adjustments in accordance with the provisions of the deed poll dated 17 July 2012, constituting the Warrants. Any Warrants not exercised during the exercise period will thereafter lapse and cease to be valid for any purpose.
Announcement Info Company Name SMR TECHNOLOGIES BERHAD (ACE Market) Stock Name SMRTECH-WA Date Announced 8 Aug 2012 Category Listing Information & Profile Reference No OD-120806-60686
07 May 2014| last updated at 11:55AM SMRT share rises
KUALA LUMPUR: The emergence between savvy investor, Brahmal Vasudevan, with a 6.6 per cent stake in a human resource company, SMRT Holdings Bhd, yesterday has pushed up SMRT's share further in the morning session today. As at 11.33am, the counter gained seven sen or 15.56 per cent to 52 sen, surpassing its 52 week-high of 47.5 sen, with 15.57 million shares changing hands, after opening at a premium of one sen at 46 sen.
SMRT’s shares were among the most actively traded on Bursa yesterday, rising 8.5 sen or 23.3 per cent to 45 sen on a volume of 22.7 million shares, while its warrants increased nine sen to 38.5 sen on a volume of 19.9 million shares.
SMRT Holdings has a market capitalisation of RM85.6 million.
In the past, Brahmal’s emergence in a listed company has stirred excitement, as he is seen as an investor who looks for undervalued stocks.-- Bernama
Date interest acquired & no of securities acquired Currency Malaysian Ringgit (MYR) Date interest acquired 02/05/2014 No of securities 9,160,000 Circumstances by reason of which Securities Holder has interest ACQUISITION OF SHARES Nature of interest DIRECT Price Transacted ($$)
Total no of securities after change Direct (units) 10,860,000 Direct (%) 5.71 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Date of notice 06/05/2014
2/05/2014 price 0.325 ~ 0.35 Vol 2,459,200 ( unit shares or lot ? )
New substantial shareholder emerges in SMRT Posted on 7 May 2014 - 05:39am
PETALING JAYA: Brahmal Vasudevan, reportedly the right hand man of low-profile tycoon T. Ananda Krishnan, has emerged as a new substantial shareholder of human resource development (HRD) provider SMRT Holdings Bhd.
In a filing with Bursa Malaysia yesterday, SMRT said Brahmal on Monday (May 5) bought 1.74 million shares, bringing up his total direct shareholding in the company to 12.6 million shares or 6.62% stake.
SMRT told the stock exchange that this was on top of a 10.86 million shares or 5.71% stake he secured last Friday.
While there was talk in October 2013 that Brahmal had acquired a stake in Scicom (MSC) Bhd, his name has yet to emerge as a substantial shareholder in the company.
Brahmal, aged 46 who is the CEO of private equity fund Creador Sdn Bhd, indirectly owned by Ananda, reportedly acquired a 6.82% stake in leatherwear manufacturer Bonia Corp Bhd , through Milingtonia Ltd. Milingtonia is reportedly linked to Creador which was founded in 2011.
Brahmal has been a director at Ananda's Usaha Tegas Sdn Bhd since 2008. He has also had a stint in Astro before.
Meanwhile SMRT also announces plans to to undertake a private placement of up to 29.188 million new shares to raise up to RM8.81 million for the group's working capital requirements and repayment of bank borrowings.
SMRT's shares jumped 23.29% or 8.5 sen to close at 45 sen yesterday, with some 22.7 million shares changing hands.
Hueyyng27, u r talking about day trading I supposed. This stock can keep for value appreciation. 300% is not realized overnight ;) I'm talking investment.
Brahmal counters can hold long term. Sorta growth stocks, I was told. Anyway, I wanna c how it performs next few days. If ok, I continue to collect n keep. I usually go for mid/long term in investment. I'm not a day trader or contra player. Follow at own risk. Heheheh!
== A company is valued based on the future cashflow, rather than just NTA. If it is just NTA then we don't need the stock chart anymore. The price will be just trading at the NTA.
PE = 8, NTA 1.05, trading at 0.35......grossly undervalued. 09/05/2014 08:52
CKInvest As I research more, found that its list of properties has not been revalued since 1994, 2006, 2007??? NTA is certainly higher than 1.05.......???? RM1.60 - RM2.00 if revalued ???Surprisingly, the small market cap of RM45mil. company has not been sported by corporate raiders.....plenty of cash in bank, FD, customer, trade; large retained earnings, double growth in revenue in 2013 AND with so much undervalued assets in Damansara, Gombak, KL and Thailand
List of Properties - 2013 Annual Report
1. PT Nos 3742 & 3743 Mukim Damansara, Daerah Petaling : Freehold 3 Storey Shop Office Area : 4047 sq ft Net Book Value : RM919,000 Acquisition : 1994 Cost per sq ft in books : RM919,000 / 4047 = RM227/sq ft Market est : RM1,000 ??/sq ft (Damansara)
2. Lot No 9348 Geran No 255858 Mukim Batu, Daerah Gombak : Freehold land under development Area : 406,197 sq ft Net Book Value RM1,545,000 Acquisition : 2006 Cost per sq ft in books : RM1,545,000 / 406,197 = RM3.80/sq ft vs Market est. RM1,500 ?? / sq ft (KL area) This piece of land at RM3.80/sq ft cost is EXTREMELY LOW…….. Grossly undervalued by more than RM50mil…..NTA > 1.50 ???? if revalued
3. Lot No. 742 Sect 47 Geran No. 71989 Mukim Bandar Kuala Lumpur : Freehold land under development Area : 19,569 sq ft Net Book Value : RM11,386,000 Acquisition : 2007 Cost per sq ft in books : RM11,386,000 / 19569 = RM582/sq ft vs Market valuation RM1500 ???/sq ft (KL area) This piece of land in KL area is certainly undervalued by > RM15 mil……NTA > 1.60???? If revalued
4. Lot 159, Seksyen 7 Bandar Shah Alam : Freehold land under development Area : 18,220 sq ft Net Book Value : RM18,060,000 Acquisition : 2011 Cost per sq ft in books : RM18,060,000 / 18220 = RM992 / sq ft vs Market value RM1,000 ??? / sq ft
5. Chingrak Noi, Bangpa District, Pharanakorn Sri Ayuthaya, Thailand : Freehold land under development Area : 404,017 sq ft Net Book Value : RM12,590,000 Acquisition : 2007 Cost per sq ft in books : RM12,590,000 / 404,017 = RM32 per sq ft. 09/05/2014 10:00
Thursday is T plus 4 for 53.5 ......that is the indicator....most likely it will fall on this day....Friday onwards, we cld see a new record IF the game is still on..
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
935win
671 posts
Posted by 935win > 2014-05-07 16:11 | Report Abuse
sale.sale sale now