For those who believe just buy and hold. For those who are scared pls abstain from buying this counter. Someone even posted that this is collapse co, omg, lol. Pls do some background checking on YT and you will feel that you are making a fool of yourself by saying this co collapsed. We invest on future, not history and btw, thanks to history we can buy in bulks at this low price. No foresight how to make money from share market? As for those comparing YT and AT, pls check and compare the no of shares issued for both counter, the pp issued at AT, the p&l and you will see that AT is a real goreng stock without substain. I bought AT at 7 cts and sold all at 275, huge profit and thats it.
There are 3 Partners in the creation of a human being.
WHO are the 3 partners? His father, mother and God. His father gives DNA that the brain is made from, the brain come from the father's DNA. The head, the bones, the ligament, the nails & the white inside the eyes. THE mother's DNA creates the skin, the flesh, the pupils of the eyes and the hair.
Most importantly, God gives the spirit, the soul and the image of the face, the ability to see, to hear, to talk, to walk, intelligence & wisdom. WHEN the time come, for the person to pass on, God shall take His shares and leave the shares of the father and the mother.
You don't have to tell anyone, how worthless is the person, when God has taken away His shares. WHAT did we see from here?
Based on the Edge report we are all hoping tomorrow will fly.We don't know for certain but hoping.As for Fitch downgrade again no one knows what will happen.So hope and pray Yong Tai flies or we all eat yong tai foo-simple!!Wish weekend will fly fast for once-9am Monday!!!Jeng jeng jeng!!!Lol!!
The group's market capitalisation stood at RM369.8 million.
In a bourse filing today, Yong Tai said 89,300 shares will be listed on Dec 8 following the conversion, which will see its issued share capital rise to 1.04 billion shares or RM456.8 million.
The ICPS were previously issued as part of a corporate exercise which saw the entry of Hong Kong-listed Sino Haijing Holdings Ltd as a substantial shareholder of Yong Tai in August 2016.
Under the corporate exercise, Yong Tai issued new shares and ICPS to Sino Haijing in exchange for a RM280 million investment.
Sino Haijing's subsidiary Impression Culture Asia Ltd had subscribed for 200 million ICPS at an issue price of 80 sen per share, amounting to RM160 million.
Besides that, Yong Tai also announced a bonus issue of up to 20.05 million shares on the basis of one ICPS for every 10 Yong Tai shares held to reward its shareholders, as part of the same exercise.
a) 200,000,000 ICPS issued pursuant to the Special Issue of ICPS, and
b) 16,034,494 ICPS issued pursuant to the Bonus Issue of ICPS,
will be admitted to the Official List of Bursa Securities and the listing and quotation of the ICPS on the Main Market will be granted with effect from 9.00 a.m., Thursday, 1 December 2016.
The Stock Short Name, Stock Number and ISIN Code of the ICPS are "YONGTAI-PA", "7066PA" and "MYL7066PA6B8" respectively.
WANTED to download the AR2019/2020, not available at BURSA website? WHAT did we see from here?
These 7066PA (expire in 2026), convertible to Preference Shares instead of the Normal Shares. Preference Shares have the dividend first before the Normal Shares...Exercise price RM0.80 Ratio 1:1
Now, as latest as 4DEC, 89300 units of ICPS converted to Preference Shares at RM0.80 each, These ICPS, 216M in total, were issued when the Normal Shares then were RM0.50 BUT company only receiving the proceeds if the holder(s) have converted, progressively or singly, since 2016
SO, the idea is, if some have purchased 7066PA say at RM0.20 few days ago, and also willing to pay RM0.80 (conversion) for a P Shares, total RM1.00 , How low the Normal Share can be...some more got the latest Announcement.
LOOK like the Special 216M units were given for free to the holder(s) initially,...got Special because maybe willing to "commit" at RM0.80 each then. BUT you can let them be burnt if the conversion price is higher than the M/V...come the expiry.
I was thinking the same, but look at Bintai and Solution their share price were up and continue up even after news out. Perhaps the price has not achieve the market price of the potential that the company can generate the profitability i.e also the PE ratio has not reflected of its future profitability.
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....
Cikam
1,720 posts
Posted by Cikam > 2020-12-06 13:52 | Report Abuse
Ok im done..im enjoying my weekend..hopefully we can make some money..im not interested to know about the future of this company.