Lester conversion is for L&G-LA holder. If u got L&G-LA, u can convert to mother share by pay 0.13 per share. Of course need to fill in form (have it from L&G website) and follow the procedure.
Now if you have L&G-LA that means you are advantage. ie L&G-LA now 0.515 + 0.13 (conversion price) = 0.645, so your L&G are at discounted price(5.42%) because L&G now worth 0.68
Based on the conversion price of RM0.26 (“Conversion Price”), the ICULS may be converted into new L&G Shares in the following manner:
(i) by surrendering RM0.26 nominal value of ICULS for one (1) new L&G Share; or
(ii) by surrendering RM0.13 nominal value of ICULS together with cash such that in aggregate it amounts to RM0.26 for one (1) new L&G Share.
Effectively, the option (ii) means that you can surrender 1 ICUL (which has a nominal value of RM0.13) plus RM0.13 cash in exchange for 1 new L&G share.
Am I the only nutcase that is still holding on? Bought at 0.43. :) I valued it at least 0.98 but then again the effect of dilution kicked in. Calculation becomes too complex..so..best thing to do. Nothing.
This counter is worth much more if it can convert its existing Sri Damansara Club land into commercial land for mixed property development. If this happens, the share price may easily climb above RM1.0 :-)
Chloe_ts, missed your earlier post, in my system it is Wave B ady. I m still holding Thplant and waiting for next cycle of uptrend. Futures show good and the diff is only few cents down and as long as less than 4% fluctuation! I don't think I am too concern. It's now my only plantation stock....kekekeke
Thx barbarian, let's go dim sum as planned after sold. will you top up again at wave c? I think plantation play will come out sooner or year ended, but http://klse.i3investor.com/blogs/kianweiaritcles/56921.jsp give "sell " rating . -.-
I have successfully converted loan stocks to ordinary shares, only takes 7-8 working days aka 1 1/2 week, at 0.515, u immediately realised a 3 sen profit on top of 2 sen dividend, most ppl will rush to convert in sept after agm announce div exdate
spaghetti, yes it will. Short term LA holder will convert to mother share and sell to the market, to earn arbitrage. But long term investor will hold for dividend/ company prospect is good. Too much shares will dilute the EPS too, and PE higher, so far got 18% LA being converted, there's more to come this month. :) 2 cents only ha.
Can Saturny and Barbarian stop talking? They don't know what the heck they are talking about. Only few really know what they are talking about like chloe-ts, sephiroth, valueinvestor.
who short term want take profit pls fast, when u sell others can get cheap share since pe still low. advise sell 50% of your current, the rest keep for mid term. hopefully push down the price can buy again.
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....
jimboyz
200 posts
Posted by jimboyz > 2014-08-01 14:45 | Report Abuse
great comeback indeed.. hoping this to reach it's heydays of RM9/share.. lol.. a lil far fetched..