Amprop with Kesas cash already in, should be declaring a special dividend and final dividend (single tier). my guess 3c + 3c. Profit should be in the region of RM190mil, EPS approx 0.37c. PE of 3X should see this share making it's way to RM1.10c... ~14.5% return.
profit 134m , shareholders get RCPS for free (kinda like special dividend)
The Company has at the date of this report, announced a proposed bonus issue of up to 297,867,868 new 5-year redeemable convertible preference shares (“RCPS”) of RM0.50 each in the Company on the basis of one (1) bonus RCPS for every two (2) existing ordinary shares of RM0.50 each held on an entitlement date to be determined and announced later (“Proposed Bonus Issue of RCPS”).
The Proposed Bonus Issue of RCPS is akin to a special dividend distributed in cash or in specie and is undertaken mainly to reward shareholders of AMPROP in view of the level of accumulated profits and cash reserve of the Group as at 31 March 2014.
The Proposed Bonus Issue of RCPS provides the holders of the Bonus RCPS with flexibility to either redeem the Bonus RCPS for cash at RM0.50 (which is exercisable within first three months from the date of issue of the Bonus RCPS) or convert its Bonus RCPS to ordinary shares of the Company on the basis of 2 bonus RCPS for one new ordinary share (at any time from the first anniversary of the issue date up to maturity).
2morrow flight to japan and London takeoff and would like to inform you that the plane ticket fully sold out but additional are available at limit up price.heeee!!!!!!!!!!!!!!!!!!!
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....
sephiroth
14,145 posts
Posted by sephiroth > 2014-04-22 15:08 | Report Abuse
this amprop babe ding dong 99/101 til my kepala also pusing