AEONCR-LR expired at RM0.15. Plus RM1.00, it is RM1.15. See how much is the premium when AEONCR-LA is listed on 21 September 2017. We shall see. AEONCR is a good fundamental share. Owning AEONCR-LA is a cheaper alternative compared to the mother share at RM12.72.
Let's say an investor owns 1,099,000 shares of AEONCR-LA. 1,099,000/10.99 = 100,000 AEONCR shares. Let RMy be the intrinsic value of AEONCR-LA. y X 1,099,000 = 100,000 X RM12.72. y = 1.1574 Hence, the intrinsic value of AEONCR-LA is RM1.1574.
If 5% premium is given to the mother share, i.e. 1.05 X 12.72 = 13.36, then y X 1,099,000 = 100,000 X RM13.36 y = 1.2157
Dear Ultramen: Download from the second PDF file in the above link.You can see on page two the cheque should be in favour of ACSM ICULS RIGHTS ACCOUNT. Please buy setem hasil RM10 and paste on page 2 of the form and fill in what is necessary.
There are only two rows in the table on page 2. (A) ACCEPTANCE RM3000 Cheque number ACSM ICULS RIGHTS ACCOUNT (B) EXCESS ACMS ICULS EXCESS RIGHTS ACCOUNT Just fill in row 1.
The conversion is at $10.99, unless the mother share dropped to below this level, LR would still in the money, i.e. $12.30 is equivalent to $1.12 vs $1.00 per LR subscription price.
I have telephoned the registrar (Symphony) and they said AEONCR-LR will automatically be changed to AEONCR-LA on 22 September 2017 at 7 am (21 September 2017 is Awal Muharram holiday).
i have 3000 units of LR given to me fokr mother share i owned, and i bought extra 7000 units of LR from open market. so the extra 7000 units are considered as excess iculs or just normal allotted one? and i have to make 2 bank drafts or just one?
@Keong90: Just one cheque. Leave the first page as it (as what the registrar has written). Fill in the second page: (A) Acceptance RM10,000 (Cheque No) ACSM ICULS RIGHTS ACCOUNT
May be it's too late or not everyone have PBB or Affin internet bank account, I applied via my PBB, the internet application fee is $4.24 & the whole process taken < 10 minutes, saved time & cost... you can also do electronic application via ATM, at same fees at $4.24.
Tomorrow (12.09.2017), the company will announce the 'final subscription result and the rate of subscription of the excess rights securities'. See whether it is under subscribed or over subscribed.
On behalf of the Board of ACSM, CIMB Investment Bank Berhad (“CIMB”) is pleased to announce that pursuant to the close of acceptance, excess applications and payment for the Rights ICULS at 5.00 p.m. on 6 September 2017 (“Closing Date”), the Company had received valid acceptances and excess applications for a total of 446,302,434 Rights ICULS. This represents an over-subscription of 3.31% over the total number of Rights ICULS available for subscription under the Rights Issue.
Yes, LA should be opened at 1.20 or above, if the price at 13.18~18.20 is sustain till 21 Sep. It's one of the best, if not the best amongst all financial companies in Bursa / SGX.
Switching my all portfolio to Petronm....................could get better return
Stock: [PETRONM]: PETRON MSIA REFINING& MKTG BHD Aug 1, 2017 10:50 AM | Report Abuse
Petronm is poised to surge much stronger later with the cup handle formation and limited sellers.
But what I like most are : 1. Strong and consistent FCF 2. Debt running down fast 3. Business growing with good marketing strategy 4. Proven quality management (vs HY's yet to be tested) 5. Dividend payout (HY not paying) 6. Earnings consistently being strengthened 7. Backed by established industry leader in Philippines 8. Forward P/E of at least 10x
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....
smartly
6,441 posts
Posted by smartly > 2017-08-25 14:42 | Report Abuse
wow...big kaki.