It is not easy to predict how much the price of icps can go up. It depends on the company's financial performance & market sentiment. The question is whether worthwhile for iculs holders to convert to mother shares.at RM0.87 per share & to pay RM640 for every 1,000 shares not forgetting the amount paid for iculs.
I agree with you to buy mother share at current price. Several major shareholders sold their stake in Atta probably due to the right issue. Otherwise, the price wouldn't have dropped so drastic.
LA ex price rm0.87 (or 1 LA+ rm0.77) while PA ex price rm0.80 (or 1PA+rm0.72).If mother trades at rm0.80 PA shall trade at rm0.08 n LA at???? Assuming at zero premium.....
considering worth to convert LA to Mom , or buy Mom. After the issuance of icps, mother share adjusted ? need 10 icps to convert to Mom, or one icps + 72 cents. Since icps ex px lower than LA, 80 sen, compared to 87sen, icps value more than LA. Yes, many bought LA at higher than 30 sen, and did not change to MOm as you require 90 cents, but gets div of 10 cents.
Can anyone please enlighten us? By the way how much interest does the LA attract per year.? I like the Mother ; more productive of dividend: unles its a dividend trap!!
CPS, convertible Preference share is better than LA which bears no interest at all. Difficult to say which is better, Buy Mom to get icps, at 90 cents now, then pay for 8 icps, costing 640 rgt. Then sell Mom after dividend to get back capital. Your cost is 900 less 50, or RM850. After xd, sell Mom, so use this 850 to pay for 8 icps at 8 cents for Rm640. Pening sikit !!
Everyone is waiting for the outcome of Icps whether oversubcribe or undersubcribe & its listing price. If the company is successful in achieving its intention, it will strengthen its financials including reducing debts.
Who is going to subscribe ATTA's ICPS now? 8 ICPS at RM0.08 each for 1 mother share held is too much. Conversion price is RM0.72. RM0.08 + RM0.72 = RM0.80 but mother share now only RM0.785. I expect the mother share holders will try their best to dispose their ATTA-PR at RM0.005 from 07 to 13 November 2017. Really a very weak batch of administrators.
Mom share drop as it is x, icps. Price will be adjusted after 5 cents div, so 79 - 5, = 74 cents. So no point to change to Mom for LA and icps as lower than, should you exercise, cost price of 87 and 80 cents !!
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....
steelman
158 posts
Posted by steelman > 2017-10-27 13:30 | Report Abuse
what is the expected price of icps upon listing. we r buying icps at 0.08cents?