Bought 1000 units at RM8.30. My first lot. Will collect more if it drops further. Having 5 lots in the best to avoid odd lots in the free Narra shares because 5 X 80 = 400 (not odd lots) other than the 5000 units.
we all wish what kclow said will come true !!!, because we all have interest in this counter, else we are here to chat for what ... but logic tells us rm12-15 within weeks is too far flung ....so better stick with our pace of investment
Set yrself yr own TP,but be a realistic one.Dun simply believe any TP set by anybody.Personally, I think most of us here has done our own homework on Hlind. So stay tune and good luck.
Today's volume extremely low. Hope to see a rally after 4 pm. It is forming a hammer candlestick now which indicates a trend reversal from downwards to upwards.
does this mean that HLind share holders get free 1.08 Narra share for every 1 HLind share on 16 October? SO adding about 4.50 to his portfolio for free? ?? better buy somemore tomorrow morning.
Probably what Steven Yong said is correct. HLIND share price will only be minused RM1.08 and not the full price of Narra after ex based on UOB Research report.
"Separately, we understand that so far, Bursa seems to have no issue with HLI’s proposal to use the par value to adjust its share price to reflect the distribution of Narra shares to HLI shareholders (1.08 Narra shares for every HLI share). If so, after the shares go ex Narra distribution, HLI’s share price will be adjusted by RM1.08, which is significantly lower than the potential distribution value of Narra of >RM5/HLI share (based on Narra’s present valuation)."
The above 345,030,635 Narra Shares to be distributed represent substantially all the consideration shares to be received by HLI from Narra Industries Berhad (“Narra”) pursuant to the disposal by HLI of Hume Concrete Sdn Bhd (formerly known as Hume Industries (Malaysia) Sdn Bhd) and the entire irredeemable convertible preference shares in Hume Cement Sdn Bhd to Narra.
The Capital Distribution shall be implemented by way of reduction of the share premium reserve of HLI by approximately RM234.1 million.
Under the Capital Distribution, entitled shareholders of HLI will receive 1,080 Narra Shares for every 1,000 HLI Shares held as at 5 p.m. on 16 October 2014 (“Entitlement Date”).
Fractional entitlements to the Narra Shares, if any, shall be disregarded and shall be dealt with by the Board of Directors of HLI as it may in its absolute discretion deems fit or expedient and in the best interests of HLI.
The Narra Shares to be distributed shall be credited into the Central Depository System accounts of the entitled shareholders within 8 market days from the Entitlement Date.
I saw this announcement on Bursa Malaysia; what does this means?
We refer to the announcements dated 11 September 2013, 31 October 2013, 12 December 2013, 29 April 2014, 4 June 2014, 17 June 2014, 18 June 2014, 4 August 2014, 4 September 2014 and 30 September 2014 as well as the Circular to Shareholders dated 20 May 2014 (“Circular”) in relation to the Corporate Exercises. Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the Circular.
On behalf of HLI, HLIB wishes to announce that HLI and Narra have mutually agreed to extend the period for the completion of the HIMSB SSA and the ICPS SSA by a period of 2 months expiring on 3 December 2014 to complete both the HIMSB SSA and the ICPS SSA.
HAHAHA! HLIND CANTEK, BUY NOW!! SAPU!!!! RM4.6 NARRA FOR RM8.43 HLIND, after ex you get NARRA 1000 valued RM4.50 if lucky, then deduct the distribution by only RM1.08!!! MALAYSIA GREAT SALES IS BACK 30% OVER RETURN
I saw this announcement on Bursa Malaysia today; what does this means? Is this delaying the Narra share distribution?
We refer to the announcements dated 11 September 2013, 31 October 2013, 12 December 2013, 29 April 2014, 4 June 2014, 17 June 2014, 18 June 2014, 4 August 2014, 4 September 2014 and 30 September 2014 as well as the Circular to Shareholders dated 20 May 2014 (“Circular”) in relation to the Corporate Exercises. Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the Circular.
On behalf of HLI, HLIB wishes to announce that HLI and Narra have mutually agreed to extend the period for the completion of the HIMSB SSA and the ICPS SSA by a period of 2 months expiring on 3 December 2014 to complete both the HIMSB SSA and the ICPS SSA.
This announcement is dated 30 September 2014. 01/10/2014 09:17
dear all, after distribution HLI will revise down..how far it go will depand on the Narra shares value ..do not get confuse...present RM8.40++ is included Narra value..correct me if i am wrong....hapi trading..
There's a risk that the issuer will also use 1.08 and not the market price to deduct from the exercise price for the CA. That's probably the reason that the CA is not moving proportionally.
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....
Steven Yong
1,251 posts
Posted by Steven Yong > 2014-09-29 16:54 |
Post removed.Why?