Posted by rayloo > 2016-05-25 10:00 | Report Abuse

My personal view is the warrant will be price about RM0.3 to RM0.35

Posted by contrarian168 > 2016-05-25 10:14 | Report Abuse

still remember bimb -wa jump up continuos for first 3 days??
i expect warrant will go from 0.4 to 0.5
plus the conversion RM1 adn the price now RM.86,
you will have RM2.26 in the pocket,good deal ???

Posted by contrarian168 > 2016-05-25 10:29 | Report Abuse

Prolexus’ revenue comes mostly from the export market, with the United States (59%) and Europe (19%) being the biggest revenue contributors in the last financial year ended July 31, 2015.

u think ringgit will weaken or strengthen in next 3 months??

Posted by contrarian168 > 2016-05-25 10:30 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/02/05/prolexus-to-set-up-two-joint-venture-plants-with-taiwanese-firm/

Posted by jasonlaw > 2016-05-25 10:55 | Report Abuse

sorry for the noob question, but if we buy the OR from market say at price of RM0.86, then later need to add RM1 to convert to mother, doesn't that make the total buy price at RM1.86?

Posted by jasonlaw > 2016-05-25 10:59 | Report Abuse

@crossroad, just called my broker and she said cannot do it via itrade, must subscribe the form and pay by bank draft. Which CIMB branch are you referring to?

Posted by contrarian168 > 2016-05-25 11:00 | Report Abuse

dont forget the u still entitled for the free warrant ,what price u think warrant can go??

Posted by contrarian168 > 2016-05-25 11:00 | Report Abuse

http://www.thestar.com.my/business/business-news/2015/12/12/prolexus-to-set-up-plant-in-vietnam-to-gain-from-tppa/

Posted by crossroad > 2016-05-25 11:59 | Report Abuse

Prlexus has been adding capacity in the last few years... But current climate memang not good, so maybe the OR wil see price falling futher? I attended Grandpine, and the sifu there says warrants will usually be priced at about 1/3 to 1/2 of the mother price. I suppose it could range from 30 sen to 50 sen?

Posted by crossroad > 2016-05-25 11:59 | Report Abuse

Jasonlaw, my itrade account is the pledge account so I need to subscribe via itrade. If yours is a direct account it is different la

Posted by sl3ge > 2016-05-25 14:20 | Report Abuse

one question. after OR all convert to mother share. will mother share price (example 1.5 at that time) adjust again?

Posted by sl3ge > 2016-05-25 14:21 | Report Abuse

@crossroad does grandpine mention about prlexus? what do they say?

Posted by crossroad > 2016-05-25 15:33 | Report Abuse

sl3ge the prlexus share price now of around RM1.50 already had been adjusted for the rights and bonus. But, nobody knows if the share price will drop after the completion of the rights & bonus. market is volatile and unpredictable so share price is anybody's guess. But, as the company's fundamentals are sound, I will bear with the short term volatility.

Posted by bigbigboss > 2016-05-25 20:33 | Report Abuse

contrarian168 i think you confuse ppl. how can 2.26
1.86 include the wa , if wa 1st day open high and up much so u can earn much not 2.26 what u say

for safety calculatiuon
now mother 1.48 ,we estimate wa 0.30 if close 0.30 you still lose 0.08
if wa up to 0.38 you dont have profit

If 0.50 you earn 0.12 loh

That all is estimate only

Posted by R40s > 2016-05-26 12:55 | Report Abuse

Hello, Prlexus supporters... I'm new member here but I hv being reading i3 comments past few yrs.

Posted by R40s > 2016-05-26 12:57 | Report Abuse

I signed in to make comments now, bcos I see some mmisinterpretations abt this Prlexus OR for RI & Warrants.

Posted by R40s > 2016-05-26 13:04 | Report Abuse

1. The OR is the Rights Subscription Forms which entitled u to subscribe for Prlexus ordinary shares at 1:1 ratio, which u must pay rm1.00 for every share u subscribe, and after u subscribed the shares, u will get free warrants at 1:1 ratio.

That means if u own 1,000 Prlexus-OR, u pay rm1,000 to get 1,000 shares + 1,000 warrants...

Posted by R40s > 2016-05-26 13:35 | Report Abuse

(2). If u don't have any OR but wish to subscribe, u can buy n sell from market, tomorrow last day of trading. The price u pay does not go into reducing the Subscription price of Rm1.00, it actually incur costs, so assuming if u buy the OR at 85sen, then ur total costs to subscribe = Rm1.85 per share + processing fees + bank draft charges, etc...

Posted by sl3ge > 2016-05-26 13:41 | Report Abuse

Hi guys,i called HLebroking twice aldy, they ask them if the mother price 1.5, after OR all convert to mother share will it adjust the mother share price again? they say yes. but i think it is wrong answer, because since it aldy adjust from 1.8 -> 1.5 anyone can double confirm?

Posted by R40s > 2016-05-26 13:43 | Report Abuse

(4). What will be the prices of the shares n the warrants?

The new shares prices will be at par with the current shares, n fluctuate according to market. Expect some dilution effects once the new shares r listed for trading...

As for the warrants pricing, it's more complicated n very subjective... It was estimated to be about 83 seen according to the Company's prospectus dated 20.May, based on the ex-RI price of Rm1.59.

Posted by R40s > 2016-05-26 13:44 | Report Abuse

83 sen

Posted by R40s > 2016-05-26 13:47 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5097289

Posted by bigbigboss > 2016-05-26 13:49 | Report Abuse

1)yes
2)yes(1.85 not include Bank draft fees)
4)this not sure looking for market

Posted by R40s > 2016-05-26 13:49 | Report Abuse

See page-4, Section 2.2, para.5, the Company used Black Scholes Formula to make their warrants price valuation.

Posted by R40s > 2016-05-26 13:54 | Report Abuse

see below Investopedia tutorial on Black Scholes Model's Formulas:

http://www.investopedia.com/features/eso/eso2.asp

Posted by R40s > 2016-05-26 13:57 | Report Abuse

By using the following Online Calculator from RIMS:

http://www.rmmsoft.com.cn/RSPages/onlinetools/Warrant/WarrantAnalysisEn.aspx

Posted by R40s > 2016-05-26 14:09 | Report Abuse

By inputting Strike price at rm1.20, Stock price at rm1.59, Validity 1820 days (5 years), Volatility at 40%, and interest rate at 5%, the answer is 83 sen...

By changing to today's Stock price at rm1.48, other inputs unchanged, the answer is 74 sen...

That means assuming the stock prices won't drop much due to dilution of new shares, which it shouldn't NCOs the ex price have already adjusted for the dilution, the warrants should be around 70~75 sen...

Posted by R40s > 2016-05-26 14:26 | Report Abuse

By assuming a low risks, or No Volatility, and a 2% average dividends per year (ie, 1.5sen interim + 1.5sen Final div.), the Minimum value of warrants should be ~40sen. But the stock is quite volatile, so it should be worth more than 40 sen.

Posted by R40s > 2016-05-26 14:29 | Report Abuse

If the dividends are not considered (assuming Company give low dividends due to funds utilized for further expansions), then the warrant price at no volatility is 54 sen...

Posted by R40s > 2016-05-26 14:36 | Report Abuse

Therefore, if the Prlexus stock prices can hold at rm1.48, and if warrant prices traded at 70 sen (correspond to 35% volatility), then ur total values will be Rm1.48+0.70 = Rm2.18, compared to ur costs of Rm1.85 per share, that means a positive returns on investment of 35 sen per share or about 19% returns...

Posted by R40s > 2016-05-26 14:39 | Report Abuse

This is not a Buy or Sell call on Prole us shares, it's more like educational discussion. Hope the above is of help to ur future investment decisions...

Posted by R40s > 2016-05-26 15:33 | Report Abuse

Sl3ge, ur broker info is wrong, it's already adjusted down from Rm2.04 before ex to Rm1.57, taken into consideration of dilution by new shares @ rm1.00 + assuming all warrants converted to shares @ rm1.20 = (2.04*2 + 1.00 + 1.20)/4 = Rm1.57...

But as I said above, bcos on the initial days of new shares trading, many holders may sell down their new shares to cash out, so prices may get affected due to higher volume of shares in supply...

Posted by R40s > 2016-05-26 15:40 | Report Abuse

Bigbigboss, u r right about (4), (sorry, I should use #3), the warrant's valuation by formulas r simply "Theoretical Price), it's juz for reference, the actual price depends on the Supply-Demand factor of the day, Buyers-Sellers mentalities, Market sentiments, etc. etc...

Posted by Lcb Vanson > 2016-05-26 15:54 | Report Abuse

buy！

Posted by rayloo > 2016-05-26 17:49 | Report Abuse

Thanks R40s

Posted by R40s > 2016-05-26 21:03 | Report Abuse

u r welcome...

Posted by rayloo > 2016-05-28 10:31 | Report Abuse

The comment system seems buggy

Posted by rayloo > 2016-05-28 11:22 | Report Abuse

How come I cannot post long statement in this chat rooms ?

Posted by R40s > 2016-05-28 12:13 | Report Abuse

Each box has a limited no. of characters, maybe ur comments hv exceeded this limit?

Maybe u can try to post it into 2 or 3 sections?

Posted by jyneeng > 2016-05-28 12:25 | Report Abuse

just curious, why normally people uses bank draft instead of money order? The charges for bank draft is RM5.15(CIMB) while charges for Pos Malaysia money order is RM2.

Posted by rayloo > 2016-05-28 18:21 | Report Abuse

Guys, just have a thought. It may sound conspiring.

Posted by rayloo > 2016-05-28 18:37 | Report Abuse

The 1st 2 quarters of 2016 profit already contribute 70% of

Posted by rayloo > 2016-05-28 18:37 | Report Abuse

2015 total profit.

Posted by rayloo > 2016-05-28 18:38 | Report Abuse

And the right issue announced after quarter report.

Posted by rayloo > 2016-05-28 18:39 | Report Abuse

Do you think the company beautified the account before

Posted by rayloo > 2016-05-28 18:39 | Report Abuse

announcing right issue ?

Posted by rayloo > 2016-05-28 18:39 | Report Abuse

So people can buy base on good result

Posted by rayloo > 2016-05-28 18:40 | Report Abuse

However, I studied the directors movement and found

Posted by rayloo > 2016-05-28 18:40 | Report Abuse

they have always been accumulating the shares

Posted by rayloo > 2016-05-28 18:40 | Report Abuse

In this case the account looks genuine