I think somebody hit a nerve... in R123 . For me what Rozali think n do is all imp he is worth more than RM0.5B in PUNCAK worth m sure he will want to b a Billionaire I bet on it....m little devil haha....
Seem puncak-CG entitle for dividend as I saw all puncak CG, CE,CF together with puncak shown to a "*C" ? or the exercise price reduce by RM1.00 accordingly ?
While Puncak-WB is a cheaper entry to Puncak, given that conversion cost is RM 1.00 while the price differential between Puncak and its warrant is 1.06, something just isn't right. Its basically buying Puncak-WB at 1.82/1.83, going through the hassle to convert the warrant, only to get back the RM 1.00 that you have sent in for conversion as special dividend.
Though, Puncak and Rozali seem determined to force all warrant holders to convert or suffer the consequence of 'lost' special dividend. Meanwhile, Puncak hasn't announced if the bondholders will also face the same dilemma, convert to Puncak shares to enjoy RM 1 special dividend or facing the same fate of warrant holders, no reduction in exchange price, which is currently at 2.00 per share.
In addition, since Puncak has allocated 532.5 millions for special dividend, its actual payout will definitely be less than that. Reason being (1) 35.8 millions are actually 'contributed' by warrant holders and (2) not all bondholders will convert their bonds. I was wondering, even if bondholders were to convert their sukuk, would there be another round of dividend to clear the 532.5 millions or Puncak will merely hold on to these cash.
i duno why all of you guys are so excited with the RM1.00 special dividend? Please GOOGLE " Special Dividend" and read for yourself.
The price will be adjusted accodingly to the share price when the date of dividend.
** example: price of Puncak before dividend is RM 2.85. means after dividend RM1.00 it will adjust to Rm1.85. just transfer from right hand to left hand. what is so big deal here?
Investors might be tempted to trade around, or “capture,” special dividends to take advantage of the high yields. However, the stock exchanges set complicated dividend dates in order to prevent traders from trying to take advantage of the dividend system. And as with all dividend payouts, the stock price will be negatively adjusted on the ex-dividend date to reflect the upcoming payout. Special dividends are strictly to reward long-term shareholders.
some of you that are still excited on the 33% interest in 1 month time. Just think for yourself. who has most cash in this country? of course EPF, fund manager and etc. If a company can give more than 30% return in less than a month, u think them wont SAPU all the share in public?
ks55, may I know what do you mean by "balance 65% cash still worth more (according to some people)"? Are you suggesting balance 65% cash is 'actually' less than 1.85 per share?
ks5S. I used to jab Roger and now i get punch on the face (so deserve it). Actually Puncak's financials are flip over and over again for a year--(nothing we don't know) This is a very stale counter. Who ever left are HardCore investors, Very skillful day traders, "Frog Master" and our Residence Oracle-- Roger who i called Bomoh with 3 coconuts bcoz he is better than the original (personal claim) I already made 45cents from Puncak so next round maybe another 20 cents. Of course Roger said No way. But since he is the "Claim Oracle" I cannot said anything
to all forumers don't believe my fundamentals. I just copy from somewhere. Not original from me. I pretend to be expert only . I lost a lot of money in the stock market until i have to sell my wife underwear.
Some analyst in USA is singing Christmas Stock Rally yesterday ( we haven't had one for 2 years--as far as i can remember) Maybe December 2015 is the BIG One AND follow by CNY 2016. Wa Wa --maybe still dreaming
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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....
sudahkena
1,804 posts
Posted by sudahkena > 2015-11-05 11:33 | Report Abuse
If not.. div will go baitulmal.. and share price -rm1....