Posted by Kim Yap Lau > 2012-03-22 08:48 | Report Abuse

dont chase high, i 4see will down a bit b4 go higher

Posted by nicermannson > 2012-03-22 08:55 | Report Abuse

lamken, please forward to me: nicermannson@gmail.com

Posted by chungkay > 2012-03-22 08:59 | Report Abuse

Everyone of us must work together to fight back!

Posted by verylovely > 2012-03-22 09:20 | Report Abuse

Good start in early morning!

Posted by ranacinggey > 2012-03-22 09:21 | Report Abuse

entered @ 1.15 yesterday....hehehehheh

Posted by stockist83 > 2012-03-22 09:24 | Report Abuse

Ball gets rolling....we must continue to get more players to come and join this leg! Will be attending the EGM today and urge the management to start share buy back asap after approval before blackout period starts for 2nd quarter result due in mid April. Blackout usually commences 2 weeks to one month before results. Which means they have to act before end of March. Cheers and Happy Investing!

Posted by pureland > 2012-03-22 09:27 | Report Abuse

Hi Xin Li, got the email, thanks for sending!

Posted by stockist83 > 2012-03-22 09:35 | Report Abuse

Let's force out the short sellers....

Posted by Fat Cat Tim Buddy > 2012-03-22 09:37 | Report Abuse

who the short seller?

Posted by stockist83 > 2012-03-22 09:42 | Report Abuse

No idea. But if I shorted, I will cover now before more buying pressure comes. Cheers and Happy Investing

Posted by Fat Cat Tim Buddy > 2012-03-22 09:56 | Report Abuse

you have any idea how to short selling?

Posted by victoria > 2012-03-22 12:06 | Report Abuse

Any idea what is the TP?

Posted by stocker > 2012-03-22 12:28 | Report Abuse

I thought short selling is prohibited already?

Posted by chungkay > 2012-03-22 12:54 | Report Abuse

Truth is out....OSK just announced on bursa that it has issued 60m warrant @ RM0.15 per warrant (2 warrant convert into 1 mother share at RM1.30). They have collected enough shares at low price, now they are ready to flex their muscle when the warrant starts trading tomorrow!

Posted by bomblikeme > 2012-03-22 13:39 | Report Abuse

Yeap, http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/76B6F0E6F2B599F6482579C90018A744/$File/Appendix%20JCY-CE.pdf

Posted by charlie chia > 2012-03-22 13:40 | Report Abuse

Hi anybody attending the AGM TODAY

Posted by ahyeo > 2012-03-22 13:48 | Report Abuse

Anyone can explain how this new call warrant works ?

Posted by bomblikeme > 2012-03-22 13:54 | Report Abuse

Same exactly like JCY-CD, just that the conversion ratio is 2:1. Like CD, they expect their exercise price to be RM0.70, but this is RM1.30, which means they expect this stock can be growing and upon expiry, if your price is above RM1.60, you will get the earnings from buying the warrants. I hope I explain some points, please correct me guys if I misinterepret anything.

Posted by chungkay > 2012-03-22 14:20 | Report Abuse

The implication of having exercise price to be priced at a premium to reference price......is to allow OSK to collect more shares at below RM1.30 so they can make money from this whole exercise. In order to sell their warrants like hot cake to their clients, they will have to make sure JCY share price perform during this period!

Posted by Fat Cat Tim Buddy > 2012-03-22 14:29 | Report Abuse

fark osk and fark their european warrant!! warn your friend, this is serious.

Posted by chungkay > 2012-03-22 14:33 | Report Abuse

Lets now sit and watch the development! Plus company share buy back....2 forces trying to rush for shares from today onwards :)

Posted by chungkay > 2012-03-22 14:35 | Report Abuse

Just watch...they will try to park a lot at 1.20 level to continue collecting....

Posted by chungkay > 2012-03-22 14:36 | Report Abuse

its time we act together to push through this evil guys! Those shares park at 1.20 are to scare people...push through this level and they are all going to run!

Posted by stockist83 > 2012-03-22 14:41 | Report Abuse

A final warning, today probably is one of the last chance for anyone shortist to cover with some profit or minimal loss. Cheers and Happy Investing!

Posted by victoria > 2012-03-22 14:51 | Report Abuse

so, the conclusion is ? sorry i'm a newbie, i don't get it.

Posted by bomblikeme > 2012-03-22 14:52 | Report Abuse

what do you mean shortist?

Posted by raphael > 2012-03-22 15:00 | Report Abuse

borrow stock from someone and sell first...eg. sell at 1.50...then buy back at lower price (eg 1.20) and return the stock to owner..and in this scenario the shortist earn 0.3

stockist83, in malaysia are retailer allow to short?

Posted by jimwithj > 2012-03-22 15:21 | Report Abuse

Don't chase JCY-CE, you will be disappointed.

Posted by usry > 2012-03-22 15:32 | Report Abuse

i think for who don't want to take a risk, today they can sell their JCY stock with minimum 'profit' or with 'minimum lost' coz after this may be this share will consolidate further.
That what i can interprate about 'shortist' that mention by Bro stockist83

Posted by alntm > 2012-03-22 15:46 | Report Abuse

raphael got the gist of it...short selling is prohibited for retail investors. but am not sure for institutions. if its true, obviously osk gets hung to dry if noone buys low ie the prices they shorting...but what are the chances of that happening?...btw what happened in the egm? either way osk must also thk jcy is on way up else no even bother with warrants...

Posted by limggb > 2012-03-22 15:59 | Report Abuse

Hi pureland - do you mind forward the report to my email : limggb@gmail.com. I have not received it yet, guess there must be many requests. Millions thx.

Posted by pureland > 2012-03-22 16:04 | Report Abuse

hi limggb, jus sent over

Posted by limggb > 2012-03-22 16:06 | Report Abuse

Yes. got it. TQ.

Posted by verylovely > 2012-03-22 16:24 | Report Abuse

It is common that banks use to issue call warrants nowaday.


CIMB issues 8 Euro-style call warrants
Publish date: Thu, 22 Mar 11:12   |   

CIMB Bank Bhd has issued eight new European style non-collateralised cash-settled call warrants over ordinary
shares of Eastern and Oriental Bhd, Gamuda Bhd, IJM Corp Bhd, Kuala Lumpur Kepong Bhd, MISC Bhd, Multi-Purpose Holdings Bhd, Sime Darby Bhd and TIME dotCom Bhd.

"The structured warrants have tenures of twelve months and will be listed on Bursa Malaysia tomorrow, with an issue size of 50 million each," the bank said in a statement today.

Three out of the eight call warrants are over ordinary shares of Eastern and Oriental, Gamuda and IJM Corporation, priced at 15 sen each with exercise ratios of three, four and seven respectively.

It also has issued call warrants over ordinary shares of KLK Kepong and Sime Darby at 15 sen each with exercise ratios of twenty and eight respectively.

The three remaining call warrants, over ordinary shares of MISC,
Multi-Purpose Holdings and Time dotCom, are priced at 15 sen each with exercise ratios of five, four and one and one-half respectively. -- Bernama

Posted by verylovely > 2012-03-22 16:40 | Report Abuse

As long as JCY is performing well in current business, the mother share will doing well.

Posted by tasoke > 2012-03-22 16:44 | Report Abuse

hi XinLin, alry received ur forwards thank v.much.

Posted by verylovely > 2012-03-22 16:50 | Report Abuse

It will be a very easy job for JCY to surpass the Jan - Mar '11 financial result.

Posted by alntm > 2012-03-22 18:45 | Report Abuse

ok jcy jalan...http://www.bursamalaysia.com/website/bm/listed_companies/company_announcements/announcements/index.jsp...

Posted by verylovely > 2012-03-22 18:56 | Report Abuse

The Board of Directors of JCY wishes to inform that all resolutions as per the Notice of the 6th AGM dated 29 February 2012 were duly passed at the Company's 6th AGM held at Grand Paragon Hotel, D'Paragon 3, 18 Jalan Harimau, Taman Century, 80250, Johor Bahru, Johor, Malaysia on Thursday, 22 March 2012 at 10:30 a.m.

This announcement is dated 22 March 2012.

Posted by lamken > 2012-03-23 05:41 | Report Abuse

theres no need to panic over the new OSK CE. It will have no negative impact on the mother share until the last few weeks leading up to the expiry date in March 2013 where they might try to press the mother again like they did in feb with the last warrant. Although this time they are holding less mother share ( they issued 60m warrant at 2 for 1 deal so they must be holding min 30m warrant to pay for CE on expiry) so their ability to press price down during March 2013 will be less then the last warrant ( because the last warrrant was 1 for 1 and they issued 80m warrant, which means they had to hold at least 80m to pay on expiry in feb). They may not beed to be as vigorious with the pressing in March 2013 as well because they have fully hedged at such a low price already over the last few weeks. The 2 for 1 deal also acts in their favour.

Anyone thinking about playing the warrant, please note it is harder to make money from it this time around because for every cent the mother move up, the warrant will only move up .05 sen.

Posted by lamken > 2012-03-23 05:42 | Report Abuse

correction -they must be holding min 30m mother share to pay for warrant on expiry.

Posted by charlie chia > 2012-03-23 07:00 | Report Abuse

Bro Lamken
pls add in my email charlieadtjb@gmail.com
thks

Posted by lamken > 2012-03-23 07:19 | Report Abuse

Also, note that when the market opens today, the mother is 1.18 and the son is .15 (listing price). This means that if you buy the son, it's real worth is -.12 per 2 son you hold ( mother price -exercise price of 1.30) according to the exercise rules of the warrant offering. So you are paying .30 ( 2 warrant for 1 mother) for something that is worth -.12 at this point in time. Is this going to be attractive for people to buy the warrant? Probably not. Does OSK need to push the mother price up to bring the worth of the warrant into positive territory to make it more attractive for buyers, probably.

This is not to say you cannot make money from the warrant because the mother will surely move up over time but the son will move up much slower then the mother (compared to the previous warrant where it was 1 for 1). Anyone intending to play the warrant and intending to hold long term, please dispose all warrant at least 1 month prior to expiry. NEVER EVER HOLD THE ISSUER TO THE EXERCISE ON EXPIRY WITH ANY WARRANT. The only reason I advised everyone to hold past expiry on the last warrant was becauase there was a push price that was meant to happen and it did not.

Posted by lamken > 2012-03-23 07:57 | Report Abuse

OSK cannot lose money on this offering becuase they already collected at low price to hedge (pay for warrants next March 2013).For example lets say they collected mother at average price of 1.15 over the last few weeks.

They selling 1 warrant for .15 (but you need 2 warrant to equal 1 mother share) so I have to buy 2 warrant for .30
So they make instant .30 when I buy 2 warrant.

Then lets say March 2013 comes and the mother share price is for example RM3 and its time to exercise as the warrant has expired.

FROM OSK POINT OF VIEW:

they already made .30 from me when I bought the 2 warrants.

So lets carry out the exercise assuming mother price is RM3 by March 2013. Mother share RM3 - 1.30 = RM 1.70 (what they have to pay son holder, ie me) But remember that OSK collected the mother share at 1.15, so they still made .15 on the mother share even after paying me. Add to that the .30 they made from me when I bought the warrant.

So they profit a total of .45 per share from this exercise. This is not including all the millions of transaction fees they charge when people buy/sell and the small processing fee they charge to process the exercise.

THE ABOVE IS ONLY AN EXAMPLE TO ILLUSTRATE HOW OSK BENEFITS FROM THIER NEW WARRANT OFFERING.

Posted by Fat Cat Tim Buddy > 2012-03-23 08:10 | Report Abuse

nice info there lamken, appreciate it.

exercise proce RM 1.3
1 warrant RM0.15
conversion 2 : 1

in order for the son holder to make money ( assuming they hold till the expiry date ) the mother price must at least above RM1.6 , right?

but the problem here is, if everyone dumping the warrant 1 month before the expiry date, who going to buy it?

for sure, most of those people buy within 1 month before expiry date, they surely going burn.

i say give osk hell, stop buying anything from them.

Posted by lamken > 2012-03-23 08:19 | Report Abuse

it doesnt matter if everyone dump the warrant in march because the son price will always be relative to the mother. except that it is more risky to hold the warrant past the expiry and exercise it.

Posted by lamken > 2012-03-23 08:19 | Report Abuse

It doesnt matter if mother price is RM2, RM3 or RM4 by March 2013, OSK will still benefit either way:

RM2

RM2 - 1.30 = .70 (pay to son holder)
they stil make .15 from the mother share after paying me plus the .30 they made from me when I bought the 2 warrant (to equal 1 mother). Total profit for OSK = .45

RM3

RM3 - 1.30 = 1.70 (pay to son holder)
they stil make .15 from the mother share after paying me plus the .30 they made from me when I bought the 2 warrant (to equal 1 mother). Total profit for OSK = .45

RM4

RM4 - 1.30 = 2.70 (pay to son holder)
they stil make .15 from the mother share after paying me plus the .30 they made from me when I bought the 2 warrant (to equal 1 mother). Total profit for OSK = .45

FROM A SON HOLDER POINT VIEW.

The higher the mother price go the more the son holder make on expiry:

RM2

RM2 - 1.30 = .70 ( return)

.70 - .30 (my cost price for the 2 warrant to equal 1 share)=.40
Son holder profit =.40

RM3 - 1.30 = 1.70 ( return)

1.70 - .30 (my cost price for the 2 warrant to equal 1 share)=1.40
Son holder profit =1.40

RM4 - 1.30 = 2.70 ( return)

2.70 - .30 (my cost price for the 2 warrant to equal 1 share)=2.40
Son holder profit =2.40

Posted by lamken > 2012-03-23 08:46 | Report Abuse

Fat Cat Tim Buddy : correct, on expiry the mother price must be at least 1.60 for you to break even. anything above 1.60 is your profit.

If you want to be even more precise, you should assume that 1.65 mother share price is the point even point where you break even because dont forget you have to pay OSK to process the exercise (processing fee).

but like I said never hold the issuer to the exercise and dispose any warrant 1 month before expiry.

Posted by Fat Cat Tim Buddy > 2012-03-23 08:51 | Report Abuse

nice explanation.

what you means they hedge about it , is that means they at least hold 30 millions jcy mother share ?

and when the expiry date is coming, they going dump all of this 30 millions to press down the price?

why would anyone buy the osk warrant?
they going to get burn anyway. ( at least some people will if not all of them)

this kind warrant is like zero sum game, a kind of gamble, i would say just go for the mother share.

Posted by afar_filhaq > 2012-03-23 08:51 | Report Abuse

so, it means that if mother price goes really high, the only lost to osk is that they can make only 0.45 cents, let say that mother price is RM3, instead of RM1.85 (RM3-RM1.15) profit per share, they will only get 0.45 cents, right? Does this mean that they are really sure the mother price will not go really high in 1 years time?