mbs7633, 1PA+90sen convert to 1 mother share.... Conversion price is RM1. The nominal value of 1PA is 10 sen and so just add 90sen cash to convert to 1 mother share
Whereas for warrants, the conversion price is RM1....you surrender the 1 warrant plus rm1 to convert to 1 mother share...
The ICULS may be converted into new SMPC Shares in the following manner:
(i) by surrendering for cancellation the ICULS with an aggregate nominal value equivalent to the Conversion Price; or
(ii) by surrendering for cancellation RM0.10 nominal value of ICULS and paying the difference between the nominal value of ICULS and the Conversion Price in cash, for every one (1) new SMPC Share.
@mbs7633 thanks. so does this mean that somebody in the company can only convert these LA?; whereas, it stated exercise date is still far off..hmmm.. good/bad sign?
When that day afternoon announced result, should buy immediately the WB at 25 cents, now already almost double.
Looked at the financial report for this qtr, other operating income amounting to 8,719 out of PAT 11,458, about 76%. If we exclude this other income, EPS will be dropped significantly. What kind of other operating income ? This seems to be dividend or investment income from quoted shares and unit trusts at total 399,766. So next quarter may not generate so much investment income from quoted shares and unit trust.
Besides, number of shareholdings for all (ATTA, LA, WB, WC) is about 310 million. Let's say annual PAT is about 25 million if we divided by 310 million, we will arrive 80 cents using PE ratio 10. If excluded WB and WC, then will get 90 cents. 25 million is included investment income about 14-15 million per annum. If investment income is lesser, the PAT will be lesser.
But me maybe wrong, think stock price will stand at least RM1 and above as NTA quite good.
But really interesting from the recent qtr reports: - Investment income start to boost overall PAT this few qtr, especially this qtr since most dividend income falls on Jan-Mar if not wrong - Company started buy back shares at this qtr - Share prices jumped up and up - Recent announced dividend in share species - Directors started to convert warrants and/or LA
Then what will be next ? If Company can get property project for business income and dividend income is stable, then seem to be good; if company business income not improved significantly and investment in quoted shares being withdrawn and quoted shares price being dropped, then impact on Company share price will be huge.
I have got the conversion form for ATTA-LA to mother share already. The person in-charge Shafiah Jamaludin said the conversion price is RM0.90 per share. That means now ATTA-LA still have 3.5 sen discount.
Dear Alex, please call Shafiah Jamaludin (of Symphony Share Registrars Sdn Bhd) tel. no. 0378490777. Give her your email and she will email you the form. Fill up the form. Prepare cheques for conversion fee and service charge as instructed in the form.
Forumers pls do understand the art of leveraging which the lastest full yr eps of 0.24 has given the LA a substantial boost and increase interest in trading lately.The trend will continue upside given the premium relative to its mother share is very little.Thinking forward is that coming 1st Q closing this month, the ppl inside knows better than us.Thus should the earnings pattern maintain, LA will be the priority in returning value to all shareholders.Invest by thinking forward and not just short term.
Hi mbs current LA of 0.40 is still a discount of 3 cents compared to the mother share of 1.33 which is irrelevant as nothing to attract shareholders to convert LA to its mother share.As said in previous comment the art of leverage, the higher the projection upside price for the mother share given its latest yearly eps, LA pricing will up in tandem and even more. Example 1 Atta share of 1.33 equals to approximate 3.3 Atta LA of 0.40. If Atta up to 1.43 and Atta LA is up by 5 cents to 0.45, conclusion LA can deliver higher returns.Cheers
2017 result with other income 3.6m if take out this which i think is one off gain...the company still got profit 15m 15m/89m share EPS 0.169 PE 10 RM1.69 Atta LA worth 0.79(1.69-0.90)
if coming quarter same as Q4 (11m-3.6m) then Atta worth more 7.4m x 4 = 29.6m 29.6m/89m share EPS 0.332 PE 10 RM3.32 Atta LA worth 2.42(3.32-0.90) even discount 50% also 1.21 haha
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....
rikki
2,028 posts
Posted by rikki > 2017-06-01 09:47 | Report Abuse
Atta @ RM1.24
Atta-wb @ 0.315 + 1.00 = RM1.315 Expiry Date 9/5/2022
Atta-la @ 0.235 + 1.00 = RM1.235 Expiry Date 9/5/2022