Posted by nch218 > 2014-06-09 16:32 | Report Abuse

Seph, just hold before RCPS listed?

Posted by sephiroth > 2014-06-09 16:36 | Report Abuse

nch, hold til amprop's comfirmation(rcps) announcement to bursa

Posted by nch218 > 2014-06-09 16:37 | Report Abuse

Thanks Seph, by that time Amprop will trade around 1.50??

Posted by sephiroth > 2014-06-09 17:05 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/06/09/Amcorp-eyes-reneweable-energy-business-in-Indonesia/

Posted by sephiroth > 2014-06-09 17:06 | Report Abuse

nch, minimum 1.40

Posted by limchimleong > 2014-06-09 18:02 | Report Abuse

大马产业，感谢你!!!

Posted by limchimleong > 2014-06-09 18:08 | Report Abuse

抱着大马产业，就是抱着一座金矿，不要问目标价，一个好企业的价值是难以估计的。

Posted by nch218 > 2014-06-09 21:22 | Report Abuse

有目标才能继续加码。。。

Posted by limchimleong > 2014-06-09 22:01 | Report Abuse

老兄，我已经整个人趟下去了，哈哈，不过，趟得挺舒服！

Posted by oon168 > 2014-06-09 22:29 | Report Abuse

2.00-2.50

Posted by sephiroth > 2014-06-09 22:30 | Report Abuse

The power plant has a power purchase agreement with Tenaga Nasional Berhad (TNB) for 21 years at a feed-in tariff of 87.4 sen/kWh.

The plant, which was completed within four months, has 41,076 solar panels and generated an average of one million kilowatt-hour of electricity monthly since it started in January this year.

1 million kWh per month at 87.4 sen/kWh, RM874k per month or RM10.488m per yr, not bad for additional income

Posted by Kent Lo > 2014-06-09 22:49 | Report Abuse

Some sort of new generation of YTL Power...

Posted by brendonyeap > 2014-06-09 23:06 | Report Abuse

Dear All ( esp Sephiroth), i would be glad if you explain to me regarding this RCPS. I hv no idea by what the company circular means by " redemption by the company"? Also, i would be glad if any of u could explain how to trade this RCPS by giving good examples. thanks!

Posted by sephiroth > 2014-06-09 23:13 | Report Abuse

brendon, rcps = preference share ma, can be traded like normal share loh
LA = loan stock(eg l&g-la), PA = pref shares(check out the stock prices under preference shares section) , will be listed as amprop-pa or 1007pa in the 4th quarter 2014 (ie. oct-dec)

at the end of 1st yr after listing, amprop will need to pay 2 sen to all pref shares holder aka 4% yield on 50 sen. IF amprop don't want to pay the dividend, amprop have the right to redeem or buy back all pref shares at 0.50 per share

Posted by brendonyeap > 2014-06-09 23:17 | Report Abuse

If the comp dont wana pay the 2sen div, means they will buy from us at 50sen a share, even though it is trading at 60-70sen?

Posted by brendonyeap > 2014-06-09 23:18 | Report Abuse

What did they mean by " to redeem at 50sen a piece within 3 months period"? and the phrase below it?

Posted by sephiroth > 2014-06-09 23:20 | Report Abuse

that's why, the first yr, the pa won't move much but at the end of first yr , u cud convert 2 PA to 1 amprop shares, it's all about holding power ma, most ppl will sell off the pa n cabut, long term investor will hold, say at the end of 1st yr, amprop trading at 1.40, their 0.50 will become 0.70, it's all about holding power ma

Posted by brendonyeap > 2014-06-09 23:27 | Report Abuse

Ok take example, HoHup PA at rM 1.35 and exercise price rm 0.50, tenure woll end by 2017. Mum price now rm 1.36.

So, it does not worth to convert the PA to mum now as its high premium? Can u explain this situation?>

Posted by sephiroth > 2014-06-09 23:29 | Report Abuse

most ppl won't convert unless near maturity date or trading at a discount not premium

Posted by brendonyeap > 2014-06-09 23:35 | Report Abuse

So what will happen if i hold till maturity date expire?

Posted by sephiroth > 2014-06-09 23:38 | Report Abuse

check out (d)

Conversion status: HOHUP-PA

(a) Each ICPS shall be convertible at the option of the holder into one (1) new ordinary share of RM0.50 each in Ho Hup (“Ho Hup Share(s)”) at any time from the date of issue of the ICPS up to the maturity date. The conversion price shall be deemed to be satisfied by the ICPS holders tendering and surrendering the ICPS and no cash money shall be payable.

(b) No adjustment to the conversion price of RM0.50 per ICPS for one (1) new Ho Hup Share shall be made for any declared and unpaid dividends on the ICPS surrendered for conversion.

(c) If the conversion results in a fractional entitlement to Ho Hup Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.

(d) Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Ho Hup Shares.

Posted by sephiroth > 2014-06-09 23:38 | Report Abuse

cabut first

Posted by brendonyeap > 2014-06-09 23:42 | Report Abuse

During the bonus issue of AMprop, will its price be adjusted as well? Eg last day of trading prior to ex bonus is rm1.40. What will be the price of mom the day after?

Posted by sephiroth > 2014-06-09 23:44 | Report Abuse

1.15

Posted by Metta > 2014-06-10 00:05 | Report Abuse

Bro Sephiroth, does it mean if u do not redeem within d stipulated time a.) u loose ur right to redeem in Cash b.) and wait till end of year, then it wud b compulsory for the conversion 2 PA to 1 mother share ? Wat happen if d Mother share px down ..that means u won't b guarantee of the 50cts ?

Posted by sephiroth > Jun 9, 2014 11:20 PM | Report Abuse

that's why, the first yr, the pa won't move much but at the end of first yr , u cud convert 2 PA to 1 amprop shares, it's all about holding power ma, most ppl will sell off the pa n cabut, long term investor will hold, say at the end of 1st yr, amprop trading at 1.40, their 0.50 will become 0.70, it's all about holding power ma

TQ

Posted by johnchong > 2014-06-10 01:18 | Report Abuse

Look at the bigger picture and its price may be higher than currently after the up n coming international/holidays distractions. Whose knows your calculations maybe lagi better.

Amcorp has set a priority to grow its renewable/green energy business sectment locally n overseas. It could contribute handsomely to its coffer if the PPA terms are good, it should be by the way the chairman is steering the wheels.

Green energy has a premium in price and off-take priority and I assume it comes with one basic 'Take or Pay' term in the PPA. Also, it generates carbon credit which can be sold internationally to off-set the carbon tax imposed by the poluters. The business looks insignificant but to be able to build n commision the plant in 4 months is no small step.

Oil price is set to increase n traditional energy source will creep-up accordingly. Whereas, green energy production is practically free after the initial CAPEX to build the plant. So you can say the owner will be collecting his revenue (less small operating expenses) from TNB n laughing to the bank.

Good luck friends.

Posted by brendonyeap > 2014-06-10 07:40 | Report Abuse

Sephiroth, will the PA price be less than 50 sen after listing? I dont hv experience playing Preference/ Loan stock but i have the Amprop shares since 80-90 sen.

Posted by oon168 > 2014-06-10 07:53 | Report Abuse

more importent company profit every year must increase .share price automatic push up.

Posted by sephiroth > 2014-06-10 07:53 | Report Abuse

metta, brendon, u r guaranteed 0.50 if u sell PA within 3 months after listing, there will not be a compulsory conversion to mother share UNLESS amprop redeem at 0.50 at the end of first year . If amprop did not redeem at the end of first year (most likely) all PA holders will get 2 sen dividend and PA will move like mother share.

Amprop's London property biz will continue to grow as uk will recover recover strongly in the near future

Posted by nch218 > 2014-06-10 08:07 | Report Abuse

Thanks Seph for the clarifications..

Posted by 1million > 2014-06-10 08:13 | Report Abuse

Morning Seph, rcps is still in the proposal? Or already confirm? when the announcement will be made? Thanks

Posted by brendonyeap > 2014-06-10 09:04 | Report Abuse

Thanks sephiroth for enlightenment...Then i most likely to keep / continue to accumulate this stock

Posted by limchimleong > 2014-06-10 09:35 | Report Abuse

Thank you amprop! Congratulations to all amprop fans.

Posted by sephiroth > 2014-06-10 09:35 | Report Abuse

1million, the proposal will be comfirm(90% comfirm) in 4th qtr (oct-dec)

Posted by brendonyeap > 2014-06-10 10:02 | Report Abuse

Sephiroth, means for this AMprop Preference share, we can convert to mother stock only after 3 months of listing?

Posted by sephiroth > 2014-06-10 10:05 | Report Abuse

brendon, can convert after 1 yr of listing

Posted by 1million > 2014-06-10 10:07 | Report Abuse

Thanks Seph

Posted by brendonyeap > 2014-06-10 10:08 | Report Abuse

which means, within the listing date untill the 11th month of listing, we cannot convert to mother? why is that so?

Posted by sephiroth > 2014-06-10 10:09 | Report Abuse

coz amprop have the right to redeem ALL rcps at the end of 1st yr

Posted by sephiroth > 2014-06-10 10:14 | Report Abuse

Amcorp may rise after closing at its highest price in more than a year. Traders could purchase the stock if it stays above MYR1.10 today, with a close below MYR1.10 as a stop-loss. If the MYR1.15 resistance is broken, the price target will be MYR1.25. Note that the stock could trend lower if it fails to stay above MYR1.10, while downside risk will increase if the stop-loss is triggered.

Source: RHB

Posted by brendonyeap > 2014-06-10 10:18 | Report Abuse

Thanks, so what is ur advice regarding this RCPS? to hold for long term or to convert to mom after 1 year, if the PA is trading at a discount?>

Posted by sephiroth > 2014-06-10 10:29 | Report Abuse

for me, i will sell half of the rcps to lock in substantial profit first, will hold the other half for dividend and later convert to mother share

Posted by aunloke > 2014-06-10 10:33 | Report Abuse

Cheers to all who are holding Amprop !

Posted by sephiroth > 2014-06-10 10:36 | Report Abuse

still remember few mths back, when amprop complete the sales of kesas, the dumb market still price the share at 83-87, sapu kaw kaw loh

Posted by sephiroth > 2014-06-10 10:37 | Report Abuse

ammb holds 72% of amprop, free float only 28%

Posted by brendonyeap > 2014-06-10 11:27 | Report Abuse

So from Day 1 till 3rd month of listing, we can opt either to sell into open market ( for higher price than 50sen) or sell back to the company?

Posted by chilton30a > 2014-06-10 11:43 | Report Abuse

can sell in the open market accordingly but the entitlement to convert cash money from the company only applicable after the 3rd month..

Posted by brendonyeap > 2014-06-10 11:56 | Report Abuse

what do u mean by that chilton?

Posted by fortunebullz > 2014-06-10 12:45 | Report Abuse

Congrat to Sepiroth for spoting and buying a diamond winner! You definitely having a rm1 profit margin in hand! Read about Amprop solar farm the largest in Malaysia and up and running!

Posted by Metta > 2014-06-10 13:00 | Report Abuse

Thanx Bro Sephiroth for d clarification.