We refer to the announcements dated 11 March 2014 and 25 March 2014 in relation to the Proposed Bonus Issue.
On behalf of the Board of Directors of MKH, Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, via its letter dated 4 April 2014, approved the listing of and quotation for the following:
(i) up to 75,671,382 new ordinary shares of RM1.00 each in MKH (“MKH Shares”) to be issued pursuant to the Proposed Bonus Issue;
(ii) up to 5,820,155 additional warrants to be issued arising from the adjustment pursuant to the Proposed Bonus Issue; and
(iii) up to 5,820,155 new MKH Shares to be issued pursuant to the exercise of the additional warrants.
The approval of Bursa Securities is subject to the following:
(i) MKH and HLIB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Bonus Issue;
(ii) MKH and HLIB to inform Bursa Securities upon the completion of the Proposed Bonus Issue;
(iii) MKH to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed;
(iv) MKH and HLIB are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a) and (b) and 6.35(4), and Paragraph 6.56(2)(ii) and (iii) of the Listing Requirements; and
(v) to furnish a certified true copy of the resolution passed by the shareholders in a general meeting approving the Proposed Bonus Issue.
(ii) Warrant holders entitle free warrant at the same ratio 5: 1. Thus there will be 5,820,155 additional warrants to be issued and listed from this bonus exercise. Herewith SC gave its approval to the listing of the additional Wa.
(iii) This 5,820,155 additional warrants will be one day mature and converted to mother shares, thus 5,820,155 new MKH Shares will be issued when Wa is converted and herewith SC gave its approval for the issue of additional shares and listing of the new shares.
I do not think 4.70 to 5.00 is a bomb. Why ? If it drops further in the next couple weeks, it will at least back to the current level when the ex-date of the bonus issue is approaching, I guess.
If it stays at the current level for the new few weeks, I guess it will break 5 when time is closer to the ex-date. Let us wait and see.
Anyway, nobody can predict precisely what will happens the next day, we all are taking calculated risk and hope for a reasonable reward. It is kind of gambling lah. Do you agree?
The bonus warrants will have same terms as the existing warrants,except the exercise price for all bonus and existing warrants will be adjusted from RM 2.26 to about RM 1.89 upon ex-date
Does the bonus announcement improves the EPS for MKH? It very much dilutes the EPS. The driver for higher share price will be on higher and higher EPS and not on HOPE THAT IT WILL GET HIGHER.
逍遥子 and lching : where are you nowadays ? May I know your position on MKH ? Postings from both of you months ago were part of the push factor of my study and investment in MKH. Thank you very much. I do not know if I can make "开翻”? In fact I am not too greedy on that, I am just looking for another 10% only unless I receive another push factor again. Thanks.
In my opinion most of the people come into Bursa with some basic theoretical knowhow (analysis skills) and with “HOPE”. If “theory only” can predict share price then those PHD holder in Finance and CFA do not need to work lah, just use their calculation and theory to make tonne of money.
In actual fact, I do not think they make more return than people on the streets. The reasons are that there are too many complicated factors in equity investment. “Purely theory” will not bring significant advantage as compare to others. So in this case, please do not discount HOPE of other investors, they have their own home work and analysis behind, not the pure HOPE.
If not because of "HOPE", I will not hold MKH from 2.70 to 4.70 and still holding. “lching” is even much better, if my memory serves me right, his entry price is much less than RM2.00. We all HOPE for better biz, HOPE for bonus to increase liquidly and also sentiment of the crowd, we HOPE for the up cycle of CPO, we HOPE for increasing dividend, we HOPE for this and HOPE for that. Are we wrong to have so many HOPEs in buying share? I will continue HOPING. How about you?
Yes bsngpg. I am poor in English. I also got no skill in copy paste. That's why I can't give more info in here. If you are expert, you please told us what you get. Thus to do correction for me.
bsngpg, so many kinds of human in this bursa, so many peoples around you, your choice to decided which people to listen and not to listen. You are small boy or others I don't know. But I know you are quite kecil hati like me. So, we can be a friend. We are less of info person. We can.
Hi Bing : yes, we really can become good friend as both of us are poor in English, I am poor as I wrote something which causes you misunderstood the message badly. Your English is poor as you said it yourself. Nice to meet you and happy investing in MKH. Good luck.
There are many that MKH could leverage on .. MRT, cheap land cost, uptrend CPO and FFB production, profit track records. I could not see all the picture for the time being, so I am not able to set my own TP.
One does not invest in HOPE and with HOPE that the share price will improve over time but it is more pertinent that one should focus on current facts and future probable and likelihood of improving facts ie. current EPS and probable future increasing EPS. Investors who are HOPERS and FOOLS are synonymous...they soon will be parted with their money in due course as they allow their emotions to dictate their investment decision.
cytew .. that makes sense. Exercise price will be adjusted downward so the total proceeds from exercising the warrants remain the same. Cheers With higher volume and lower exercise, this will boost trading of the warrants. I may add warrants to leverage if MKH makes sound moves in coming months.
remember, CPO price is at an all time high, and compare to previous quarter, i'm sure this quarter we'll have more FFB from their palm oil investment. besides, their property play in Kajang targets affordable housing. will reach rm5.50.
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....
bing
3,794 posts
Posted by bing > 2014-04-04 17:22 | Report Abuse
No matter sell at 5.00 but, zzzzz this time you are right.