SOLD ? well sad bro u miss he boat going to rm4 above. In malaysia market , NO NEWS IS GOOD NEWS. Quietly Silently climbing upwards. Smart Money Strong , MA Uptrend . What else needed to be said
For "purposes of illustrating" the effects of the Proposed Placement in this Announcement, an illustrative issue price of RM2.67 per Placement Share .......... The issue price of the Placement Shares shall be fixed at a date to be determined and announced later by the Company after the receipt by the Company of all the relevant approvals for the Proposed Placement (“Price-Fixing Date”). The issue price of the Placement Shares shall be fixed based on the volume weighted average market price of MCB Shares for the five (5) market days (“5-day VWAP”) immediately prior to the Price-Fixing Date, with a discount of not more than 10%.
Mcement of course... YTL accepting M cement share at RM3.75 .. while current market price RM2.8 only.. i think monday might limit up. and Cement business doing very well recently.. wow
but u have to ascertain how much are they valuing YTL Cement...Its crazy RM5 billion which is almost the entire market valuation of YTL Group. The valuation is excessive, dont u think so?
Angmokio better check properly on your info regarding cement business doing well. Price like shit and if you think they are doing well better check for the next quarter.
TuTu1183, my friend is doing cement business, they doing very well. lets see this quarter result. Brian- RM3.75 were the price last time YTL paid them. But now YTL take back at RM3.75 as part of consideration. that diff story.
Kindly anyone can confirm on the rumour, Malaya Cement Q1 result will be RM 23.4 mil? If yes, it seems like still cheap at current price, once YTL cement business merge things will definitely turnaround and road to RM 6 isn't an issue man.
Once YTL approve the deal rm3.75 first... then depends on econmic recovery for construction. That time we ll see if Mcement as a monopoly will really head to RM6 or not
Can anyone explain why 85m shares was placed out at such a low ridiculous price of RM2.79? Why not place out at price closer to RM3.75? Whoever who bought at RM2.79 is laughing all the way to the bank. The 85m new shares listed today closed at RM3.00, the placement already made 21s. After all in the MCement announced deal to take over YTL Cement's cement and ready-mixed concrete biz for RM5.16b, the new MCement shares and preference shares are to be issued at RM3.75. RM3.75 per share incidentally is also the price YTL Cement paid for the acquisition of its 76.98% equity interest in Lafarge MCement way back in 2019.
On another note, is it a good deal? MCement Bhd plan to buy 12 subsidiaries owned from YTL for RM5.16bil. These subsidiaries include three integrated cement plants held under Pahang Cement, Perak-Hanjoong and Straits Cement plus the ready-mixed concrete business, etc
The deal will transform MCement into a major cement player with an estimated 60%-65% market share in Peninsular Malaysia. Operation-wise, there would be efficiencies to reap from economies of scale. From a corporate governance perspective, the deal reduces concerns on recurrent related-party transactions. One big positive from the exercise is that the injection of YTL Cement’s assets, will fast track MCement’s path to profitability. While the latter has been loss-making over the past three years, YTL Cement has strong operational and financial profile. For the 9months ended 31st Mar, the YTL Cement’s segment had a revenue of RM3.2b and a whopping profit of RM435m. In contrast, MCement last Q revenue was RM374m and a pretax profit of RM4m.
Still believe that the price will slowly move towards RM3.75, otherwise minority shareholders will vote no to the deal. We patiently wait and see.
yes, with current ASP of 250, (up 40%), mcement one year cab easily make 100 million.....and the company is currently monopoly in malaysia already...can easily increase price further....see you at RM6....
Cement is a controlled item and action under the Control Of Supplies Act could be taken against industry players found to increase the price without the government’s approval, Saifuddin warned.
No increase in cement prices, says domestic trade minister ...
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....
gemfinder
6,880 posts
Posted by gemfinder > 2021-04-13 12:19 | Report Abuse
sold all 308. tqvm