Posted by MClove > 2014-09-15 11:33 | Report Abuse

Hi Ahmad,

There is two options:-

1)convert during first five year tenure at conversion rate of 0.68

30000 * 0.68 = RM20400

So you need to top up RM20400.


2)100/136 * 30000 ICULS = 22058 mother share.

No need to top up.

The profile for the LR is not out yet, so I do not know whether you can exercise straight away. But during normal circumstances, you can exercise anytime after listed. You cant exercise during coming two weeks as the loan stock will only be listed on the 14 Oct 2014.

After subscription, you can just use the loan stock to convert to mother share once the it is ready for trading.



Posted by Ahmad Muzamil Ahmad Murad > Sep 15, 2014 11:13 AM | Report Abuse

When will IBHD-L listed? Means that I need 2 time conversion :

IBHD-LR to IBHD-L : Conversion price RM0.50 then later

IBHD-L to IBHD : Conversion price of RM0.68

Is it?

Hi Ahmad,

Yes to both questions.

Posted by chiongster1234 > 2014-09-15 11:40 | Report Abuse

wau, Mclove very smart.

can help to use 50 000 units LR at 0.135 now without any mother share to explain further? how much need to be used in order to get all these conversion?

Posted by alibabacoming > 2014-09-15 11:43 | Report Abuse

just sell all will be easiser, guys!

Posted by MClove > 2014-09-15 11:49 | Report Abuse

Chiongster1234,

50 000 LR * 0.135 = RM6,750

Go through subscription,
50 000 LR * 0.5 = RM25,000

Total : RM6,750 + RM25,000 = RM31,750

If convert from loan stock to mother share:-

1) 100/136 * 50000 = 36764 mother share without top up.

or

2) 50000 * 0.68 = RM 34,000

Posted by MClove > 2014-09-15 11:57 | Report Abuse

Lim Sin,

LR ceased on 23 Sep 2014

Posted by huat888 > 2014-09-15 12:05 | Report Abuse

Trading of both LR and OR is 5 trading days. Last day trading : 22/9/14

Posted by greddym3 > 2014-09-15 12:10 | Report Abuse

Current shares issued is 518m.After bonus is 618m.On 14th October 286m new shares (from rights issue) will be listed.Total shares on 14th October will be 900m. Is this correct?

Posted by huat888 > 2014-09-15 12:21 | Report Abuse

Around there!! Current share: 515.188m,RIssue:286.215m, Bonus: 103.037m
As at 14/10/14, 904.44m

Posted by greddym3 > 2014-09-15 12:27 | Report Abuse

but how come in the prospectus it says after rights issue it will be 618m only? thanks

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1738657

Posted by amason > 2014-09-15 12:55 | Report Abuse

The mother share will move up. The reason being that to ensure that all WR & LR are fully subscribed. Buy now.

Posted by alibabacoming > 2014-09-15 13:01 | Report Abuse

This company hungry for cash and money, only for those Strong power holding players who have a lot of extra cash on hands. Good luck.

Posted by investor99 > 2014-09-15 13:24 | Report Abuse

is worth to buy IBHD-LR at 13.5cts, if u buy 136,000 units, means:

136 000 LR * 0.135 = RM18,360

Go through subscription,
136 000 LR * 0.5 = RM68,000

Total : RM18,360 + RM68,000 = RM86,360

If convert from loan stock to mother share:-

1) 100/136 * 136,000 = 100,000 mother share without top up.

Means, u just use RM0.8636 to buy a mother share which price at RM1.18 right now..



PROFIT = ( RM1.18 - RM0.86 ) * 100,000 = RM32,000

Posted by chiongster1234 > 2014-09-15 13:31 | Report Abuse

if mother share at 0.90 cents haha.....

Posted by Forever > 2014-09-15 13:38 | Report Abuse

Remember bonus issue of ordinary share of 1:5, so the ex-price wil be 0.990 on the 10th Oct will be 0.990 based on current share price of 1.180 and iculs to be listed on 14th Oct wil not entitle to bonus.

Posted by investor99 > 2014-09-15 14:34 | Report Abuse

forever.. yes,u r right. i forgot count the bonus issue, better sell than keep!!

Posted by moneygrabber > 2014-09-15 14:35 | Report Abuse

both LR and OR trading rights seem to be priced at about 0.90 all ex

Posted by chiongster1234 > 2014-09-15 14:43 | Report Abuse

wah,banyak cheap now

Posted by Cheok Yong Kee > 2014-09-15 14:56 | Report Abuse

if i buy before right issue ex date, how to calculate the average price?

Posted by yangkwang > 2014-09-15 15:04 | Report Abuse

Hi guys, just beware buying into LR for conversion to mother share. It is not so straight forward as in OR case. As for bonus entitlement is still vry blurr!!!!!!!!!!

Posted by moneygrabber > 2014-09-15 15:05 | Report Abuse

Kenanga values it at an all ex price of .96 I think

Posted by alibabacoming > 2014-09-15 15:11 | Report Abuse

alibaba alimama, have to ask optimus come here to kill!
it's too late for those buy at high price to sell now.

Posted by kimssiat > 2014-09-15 15:19 | Report Abuse

I dun really understand ... Hope I don't lose money ....

Posted by Steven Tan > 2014-09-15 16:00 | Report Abuse

LR now at 0.125... good to go in?

Posted by bravoUp > 2014-09-15 16:13 | Report Abuse

LR going to die..... no demand

Posted by bravoUp > 2014-09-15 16:13 | Report Abuse

I Bhd big boss also don't want it...

Posted by alibabacoming > 2014-09-15 16:15 | Report Abuse

one word, lousy company, good luck to everyone who buy here and there.

Please don't make your life trouble

my 2 cents.

Posted by bravoUp > 2014-09-15 16:17 | Report Abuse

no buyer below 11.5 cent..... going to go zero...

Posted by kudamuda > 2014-09-15 16:19 | Report Abuse

bravoUp, the lower limit is 11.5, of coz there's no buyer below 11.5 cents for today!

Posted by Ahmad Muzamil Ahmad Murad > 2014-09-15 16:20 | Report Abuse

how about tomorrow? can go down further?

Posted by bravoUp > 2014-09-15 16:22 | Report Abuse

Once 11.5 cent clear... no more buyer down there

Posted by bravoUp > 2014-09-15 16:32 | Report Abuse

limit down....pergh

Posted by Ahmad Muzamil Ahmad Murad > 2014-09-15 16:34 | Report Abuse

no hope?

Posted by bravoUp > 2014-09-15 16:44 | Report Abuse

mass slaughter of LR buyer........

Posted by agrimineral > 2014-09-15 16:44 | Report Abuse

Gone

Posted by Ahmad Muzamil Ahmad Murad > 2014-09-15 16:44 | Report Abuse

Im one of them being slaughtered

Posted by agrimineral > 2014-09-15 16:46 | Report Abuse

Usually the case

Posted by huat888 > 2014-09-15 16:52 | Report Abuse

Ahmad: may not be, coz another 4 trading days b4 LR cease trading. Coz IBhd-L is 5 for 1. Those who hold IBhd may take profit 1st.

Posted by kudamuda > 2014-09-15 16:54 | Report Abuse

woh... 11.5 cents pun jual habis! Wednesday lagi terooook

Posted by Ahmad Muzamil Ahmad Murad > 2014-09-15 16:54 | Report Abuse

Means that every 5 LR will get 1 Ibh-L? with conversion price of 0.5 or free? Haiyoo... lesson learn from here.

Posted by kimssiat > 2014-09-15 16:55 | Report Abuse

I hate LR .... :-)

Posted by kimssiat > 2014-09-15 17:00 | Report Abuse

I thought have OR and LR is good news .... Lesson learned .....

Posted by gynko3655 > 2014-09-15 17:14 | Report Abuse

So on Wednesday will it drop again ? Since now is already low 0.115 and it still have 4 days to go. .

Posted by Hong Hero > 2014-09-15 17:15 | Report Abuse

May I know where to refer to for the cash option to top up and convert into mother with ICULS?

Prospectus don't have such information and it was stated : -

"By surrendering the ICULS with an aggregate nominal value equivalent to the ICULS Conversion Price for cancellation by the Issuer."

Thanks in advance. Because I cant find the cash top up options.

Posted by drsaham > 2014-09-15 17:19 | Report Abuse

So, Is it good buy for mother share at rm1.17 now?

Posted by bravoUp > 2014-09-15 17:26 | Report Abuse

Strangely why bursa put a reference price of 41.5 cent on the LR. What are their calculation based on?

Posted by chiongster1234 > 2014-09-15 17:49 | Report Abuse

Monster kill ......gg

Posted by bravoUp > 2014-09-15 18:01 | Report Abuse

Con at highest level by I Bhd boss and Bursa....by put unrealistic reference price to decieve the investing public.

Posted by belkg > 2014-09-15 18:35 | Report Abuse

Definetly to biy mother,bonus issue,exdate 10/10, 5 for 1,price wll push up,buy in keep

Posted by RedEagle > 2014-09-15 18:42 | Report Abuse

1.17 + 0.115 + 0.42 = 1.75? Worst case for who bought 2.00^?

Posted by Jokerforever > 2014-09-15 18:51 | Report Abuse

U encounter 5 LR for each share and 1.2 OR.. So calculation should be 1.17+ 0.115(5) + 0.42 (1.2) = 2.26