Posted by Minami Hagiwara > 2014-03-25 11:31 | Report Abuse

not popular, why ? it should be a good counter.

Posted by tonylim > 2014-03-25 13:09 | Report Abuse

Less popular nowadays. Imagine you put rm1000 at 5% interest wt an option to exercise your right to mother shares.
No good?

Posted by connot2323 > 2014-03-25 13:10 | Report Abuse

why??

Posted by tonylim > 2014-03-25 13:10 | Report Abuse

Thks multibagger

Posted by pradeep > 2014-03-25 17:05 | Report Abuse

Not much selling pressure very well absorbed

Posted by Minami Hagiwara > 2014-03-25 18:21 | Report Abuse

Don't push up, nobody buy.

Posted by pradeep > 2014-03-26 13:13 | Report Abuse

Looks like 2.05 is the support level .If it goes to 2.00 I will be very happy, Anyhow I doubt.

Posted by Hsien Hui Yeoh > 2014-03-27 08:25 | Report Abuse

Can somebody teach me how to buy the ICULS with free warrant ?

Posted by pradeep > 2014-03-27 12:08 | Report Abuse

Hsien you have to buy first the mother share at present the price is 2.06 and please read the announcement from Bursa

Posted by Minami Hagiwara > 2014-03-27 16:05 | Report Abuse

very boring.

Posted by angloong > 2014-03-27 18:28 | Report Abuse

mean i got 2x1000 mothershare i had to pay RM1x1000 for the ICULS(5%p.a for 5years) and get a free warrant,
and after 5 years i need to pay another RM1x1000 for the conversion for mothershare? so mean i total pay rm2x1000 for mothershare.
am i mistaken? please correct me

Posted by pradeep > 2014-03-27 21:13 | Report Abuse

angloong you are not correct in this case after two years the iculs can be change to mother share without any payment. Please read the Bursa announcement.

Posted by angloong > 2014-03-28 12:08 | Report Abuse

pradeep: so that mean after 2years i get mothershare from the ICULS without any payment? and how the interest payment (5%pa for 5 years)? if after 5years i get the interest and plus a mothershare am i right?

Posted by daniel168 > 2014-03-28 22:58 | Report Abuse

I remember is after 1 year can convert to mother share without any payment

Posted by pradeep > 2014-03-30 13:37 | Report Abuse

Angloong once you convert you don't get the 5%

Posted by pradeep > 2014-03-30 13:38 | Report Abuse

Danial68 it is after two years

Posted by angloong > 2014-03-31 16:23 | Report Abuse

pradeep: the annoucement made :The ICULS shall be issued at 100% of the nominal value of RM1.00 per ICULS. The Board has fixed the conversion price of the ICULS at RM1.00 per new TGIB Share. The issue price and conversion price of RM1.00 has been arrived at after taking into consideration the following: (i) the five (5)-day Volume Weighted Average Market Price (“VWAMP”) of TGIB Shares up to and including the LPD;
(ii) the conversion price of the ICULS shall not be lower than RM1.00, being the par value of TGIB Shares; and
(iii) the funding requirements of TGIB and its subsidiaries (“TGIB Group” or “Group”) as set out in Section 2.6 of this announcement.
The conversion price of RM1.00 per ICULS represents a discount of approximately RM1.18 or 54.13% to the five (5)-day VWAMP of TGIB Shares up to and including the LPD of RM2.18.

what i understand in the annoucement is that conversion need to pay another RM1.00?

Posted by poohboy > 2014-03-31 17:45 | Report Abuse

angloong, let me explain a bit of what pradeep said about conversion price of ICULS to mother share is RM1 (which is par value).

You have paid RM1 for 1 ICULS during the Rights Issue, when you exercise your rights to convert 1 ICULS (RM1 par value) = 1 ordinary share (RM1 par value), you don't need to pay additional RM1 to convert. Both par value is RM1. So, it's just 1 ICULS = 1 ordinary share.

It is not like the free warrants where you have to pay RM1.50 in order to have 1 ordinary share.

Posted by pradeep > 2014-04-01 11:14 | Report Abuse

Pooh boy I agree with you and TGUAN is dirt cheap

Posted by pradeep > 2014-04-01 11:21 | Report Abuse

Pooh boy just look at the PE and the business is growing, we want to sleep well we do not want to worry and the dividend is also good.

Posted by poohboy > 2014-04-01 14:22 | Report Abuse

Pricing is dirt cheap, wonder what will be ICULS & warrants price when issued and admission to Bursa

Posted by pradeep > 2014-04-01 17:35 | Report Abuse

Poohboy to be very frank I do not know how to calculate.

Posted by poohboy > 2014-04-01 18:04 | Report Abuse

If closing price of Tguan say RM2.10 before Rights issue, ex-price for Tguan should be RM2.10 + RM2.10 + RM1 = RM5.2, theoretical Tguan ex-price = is RM5.20 divide by 3 = RM1.73. With this,market price of ICULS and warrants should be,

ICULS = RM1.73 - RM1 = RM0.73
Warrants = RM1.73 - RM1.5 = RM0.23

Posted by 8u29song > 2014-04-01 18:13 | Report Abuse

for me,
those should term cost price (of per ICULS and warrents), and not market price.
just opinion.

Posted by angloong > 2014-04-01 18:35 | Report Abuse

poohboy: so mean that after pay for rm1 for ICULS, wait after 2years till 5 years(automatic change to mothershare) so mean that i get a mothershare for paying rm1 for price now 2.12(example for price today). is that your mean?

Posted by angloong > 2014-04-01 18:39 | Report Abuse

poohboy: as you mention before right issue 2.10, so if i want to change to mother share after 2years, is it need pay extra for 0.73 for the convertion for mothershare?

Posted by poohboy > 2014-04-01 18:44 | Report Abuse

angloong, Yes this is what i meant, pay now RM1 for 1 mother share in future.

No need pay Rm0.73 for mother share when you convert your ICULS. Because it's a listed ICULS, this ICULSwill be admitted to Bursa and should be traded as say, 'TGUAN-LA', and price will be 0.73 at board upon admission.

Posted by angloong > 2014-04-01 19:35 | Report Abuse

poohboy: thanks for details explain

Posted by pradeep > 2014-04-01 22:30 | Report Abuse

Don't be surprise the opening price of the iculs could be above 1.00

Posted by Multibagger > 2014-04-02 07:14 | Report Abuse

HI Pradeep, the opening price for ICULS should be close to the ex-right price of the mother share as it is convertible to mother share on 1 : 1 basis ( though only can convert after 2 years).

Warrant price will be below RM 1 unless mother share goes up a lot before ex and ex-right price is above 2.45, then warrant may be above RM1 also.

Posted by tonylim > 2014-04-02 08:32 | Report Abuse

More upside

Posted by doodles > 2014-04-02 08:59 | Report Abuse

When is ex date?

Posted by poohboy > 2014-04-02 11:06 | Report Abuse

Ex date pending court and EGM...

Posted by pradeep > 2014-04-02 13:43 | Report Abuse

poohboy I think ex date will be after the EGM but why did you mention Court. As far as I understand they need to obtain the approval of Bursa, and recently the announcement shows they have done .Multibagger I agree with you and it is dirt cheap now to collect. I was waiting for 2.00 but cant get so purchase at 2.05

Posted by tonylim > 2014-04-02 13:54 | Report Abuse

Pradeep hv they gix egm date

Posted by poohboy > 2014-04-02 14:37 | Report Abuse

Pradeep, ya my mistake, no need court approval. Just the SC and bursa approval. I think EGM date or listing date is not announced.

Posted by pradeep > 2014-04-02 22:42 | Report Abuse

Tony lim so far no ex date yet as the Egm is not fixed yet

Posted by pradeep > 2014-04-02 22:44 | Report Abuse

Poohboy once breck 2.12 will move higher.. Anything you can also call me at 0126119153.

Posted by tonylim > 2014-04-03 08:34 | Report Abuse

Thks pradeep

Posted by poohboy > 2014-04-07 18:40 | Report Abuse

New peak 2.13... I expecting somewhere 3 or above for this counter. It is still undervalued being the largest player in the industry in the world! Funds should look into it!

Posted by ykloh > 2014-04-07 19:55 | Report Abuse

At RM3 means that after conversion of all ICULs and warrants, TG will have to trade at Rm2.2 to breakeven. TG's net profit growth has not been spectacular so far. Bearing in mind that EPS will be diluted by a share base that will be 75% larger, the current cum all price of RM2.10 is abut right.

Posted by tonylim > 2014-04-07 20:36 | Report Abuse

Poohboy.. world player in plastic industries?

Posted by poohboy > 2014-04-07 23:42 | Report Abuse

I believe tguan is world largest rubbish bag exporter.

Posted by pradeep > 2014-04-08 23:29 | Report Abuse

Poohboy why you say largest players the industry in the world and largest rubbish bag exporter in the world. Yes it is a fundamental stock and the target price of Rm 3.00 is not a problem but must breck 2.32 and 3.50 level first .

Posted by member41 > 2014-04-08 23:33 | Report Abuse

Thong Guan has been exporting garbage bags to Japan, our largest market, since the 1980s. With production capacity of over 40,000 Tons per annum, we are able to meet stringent Japanese standards and requirements in garbage bag production such as strict hygienic requirements and individual folded bags with various printings. Over the years, our export market for garbage bags has grown to cover countries in the Asia Pacific.

Posted by pradeep > 2014-04-09 09:33 | Report Abuse

Thanks member41 for your information

Posted by pradeep > 2014-04-17 07:41 | Report Abuse

TGUAN now on the uptrend and it will be similar to scientex but in terms of valuation to my opinion around 3.00 and above.

Posted by ACELEE > 2014-04-19 14:01 | Report Abuse

There is seems some misunderstanding in the computation of TERP for Tguan.If close of Tguan is 2.10

It should be (RM 2.10+(RM 1*0.5)+(RM 1.5*0.25)/1.75).

=(RM 2.1+RM 0.5+RM 0.375)/1.75
=1.7


Cheers.Thanks

Posted by pradeep > 2014-04-21 17:01 | Report Abuse

Still dirt cheap

Posted by pradeep > 2014-04-23 16:07 | Report Abuse

Boarding to move higher