Good to look at price movement of other stocks that had gone through similar shares consolidation followed by fund raising via rights issue with free warrant.
pasukgb, sanichi, lambo, pdz, kanger, trive, etc
21 hours ago
BLee: Hi bro @whistlebower99, are we comparing apple to apple?
- AGES is NOT a loss making counter. 25 Quarters of profit. Last quarter's loss in 2015Q3.
- AGES NTA of 0.22 vs price of 0.03 is very healthy and low risk.
- AGES 'last QoQ Revenue of 80.83mil vs 50.39mil, more than 50% increase.
- AGES fundraising to par off debts from former management to enhance future profit. On page 10 of circular, stated "As at the LPD, our Group has approximately RM14.9 million in cash and bank balances. Assuming the Proposed Rights Issue is completed in June 2022 and the outstanding Amount Owing to Maybank is fully paid in December 2022 (under the Base Case Scenario and Maximum Scenario), the early redemption is expected to result in an interest saving of approximately RM5.5 million over the repayment period (based on the weighted average interest rate of 5.75% per annum)."
- AGES do not have warrants, only ICPS. On RI issuance, the two methods of conversion will be further adjusted.
This is NOT a recommendation to Buy, Sell or Hold. Happy Trading and TradeAtYourOwnRisk.
Wait for price to drop near 0.2 after consolidation, then buy from market at your desired amount. Way better to average down than to contribute money to company. Sorry AGES, my money not for you.
Not forgetting that there is more room to drop further beyond 0.2 if interested to make the most of averaging down. Current local market for medium term is still bearish/flat as there is more negative (politics, no investor confidence) than positive (border reopening, etc).
Hi bro @sting79, the proposed RI at 0.2, therefore if you got 1 lot after consolidation, you can get 2 lots at 0.2. You can also apply for excess as much as you want at 0.2.
Another scenario, if the price after consolidation is let says 0.21, by calculation as in page 35 of RI circular for AGES-PA adjusted price conversion: (C-D)/C x RM1.95 i.e. (0.21-0.2)/0.21 x RM1.95 = RM0.093
So what can the price be after consolidation and after RI?
Please excuse me if I am wrong in the calculation.
Another scenario, if the price after consolidation is let says 0.21, by calculation as in page 35 of RI circular for AGES-PA adjusted price conversion: (C-D)/C x RM1.95 i.e. (0.21-0.2)/0.21 x RM1.95 = RM0.093 ======== Too low to be true ========= PA to be in the money after shares consolidation and rights issue???
@whistlebower99: Another scenario, if the price after consolidation is let says 0.21, by calculation as in page 35 of RI circular for AGES-PA adjusted price conversion: (C-D)/C x RM1.95 i.e. (0.21-0.2)/0.21 x RM1.95 = RM0.093
========
Too low to be true
=========
PA to be in the money after shares consolidation and rights issue???
4 minutes ago
BLee: Hi bro @whistlebower99, agreed 'Too low to be true'. Due to ICPS AGES-PA anti-dilution, the lower RI issuance price and the differential of market vs RI price will benefit the conversion. Example: Fintec PA adjusted from 16sen to 11sen and 11PA convert to 8 mother shares.
Another Example: ARBB PA adjusted from 20sen to 14sen and 14PA convert to 1 mother share.
Some important notes from the RI circular:
1)“Minimum Subscription Level” : Subscription by the Undertaking Shareholders to raise minimum gross proceeds of RM10,000,000 (which entails the subscription of 50,000,000 Rights Shares at the indicative issue price of RM0.20 each) from the Proposed Rights Issue. Meaning guarantee Subscription by the three major shareholders.
2) The three major shareholders 'will not dispose of or transfer any of their existing Shares following the date of such undertaking up to the Entitlement Date for the Proposed Rights Issue.' (item 3.1 page 6). Meaning committed to the RI issuance.
3) The higher share price resulting from the Proposed Share Consolidation would allow more flexibility to our Company in fixing the issue price of the Rights Shares. (item 6.1 Page 14). Meaning RI issuance price not fixed yet..
On the question 'in the money', it depends how much 'C-D' and how the formula adjusted for the 2 for 1 RI. It is very clear the consolidation did not affect each AGES-PA base price as the 1sen will become 15sen…
Hi bro @whistlebower99, yes on different scenario but better as I got my AGES-PA at 0.5sen (I have written an article on my purchase) which is equivalent to 7.5sen after consolidation. It is very difficult to sell at 1sen at the moment due to long queue. What will be the queue like after consolidation if it start at 15sen? Happy Sunday to you too..
Hi Friends, I'm new player, do I need to do any submission for Rights after consolidation. I have 150k Shares of AGES....or it's automatic. Please guide me. Thanks
RM132.67 million to fund its future property development and construction projects and investments in businesses which are complementary to its existing business
@240902: Hi Friends, I'm new player, do I need to do any submission for Rights after consolidation. I have 150k Shares of AGES....or it's automatic. Please guide me. Thanks
3 hours ago
BLee: Hi Friend @240902, if you are referring to the subscription of the 2 for 1 RI, you can follow the guidelines posted to you by the registrar to subscribe and pay online, or by post or other methods. If you don't want to pick up your RI, you have a chance to liquidate by selling the rights (AGES-OR will only be traded for around 5 days) if the price is profitable. The consolidation and allocation of AGES-OR is automatic/allocated as per your entitlement.
ez RM3k This is what you say ma few months ago when it drops from 0.045 to 0.025
Stock: [AGES]: AGESON BERHAD
Jan 21, 2022 1:00 PM | Report Abuse
Ez 20% hahahaha
Lesson of the day: complain won’t make money, looking for the right counter for you will :) waste ur breath bad mouthing some counter, why not survey for good counter? :)
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....
SengGor1011
219 posts
Posted by SengGor1011 > 2022-04-01 15:32 | Report Abuse
ahahahaha, whistlebower abit too obvious lahhh dont like that pls, this is ages why start promote other counter pulak ?