There must be some game by PNB to dispose so far 250-300m shares so far. Possible senarios 1. The relatives game........sell cheap so PNB funds make some money & relatives make some obviously bigger to line their pockets ahead of elections........just in case they lose. 2. Take money out & convert the loan stocks to shares thereby Umwog pays less interest. Helps Umwog cash flow plus profitability. 3. Stupid people running the funds. Sell low when future looks brighter 4. Sell some to convert the warrants to mother share thereby strengthens its future. Notice that no warrants have been disposed so far. It's puzzling
Selling when oil prices are up and in a bull market makes Amanah looks very stupid in investments business......better sell and concentrate on their trustee job better,,,
Types of corporate proposal Conversion of Preference Shares Details of corporate proposal Conversion of Islamic Redeemable Convertible Preference Shares (RCPS-I) into Ordinary Shares of the Company (Conversion of shares) No. of shares issued under this corporate proposal 216,577,089 Issue price per share ($$) Malaysian Ringgit (MYR) 0.3000
in the corporate exercise, PNB did 2 things 1. Took rights issue on shares & paid 0.30 sen per share. 2. Took preference shares & paid 0.30 sen but they get interest on preference shares. If they don't convert then on expiry it's auto convert but can convert anytime. If convert early they lose interest but they gain if share price above 0.30
Total raised RM1.8b, that's why borrowings reduced by 50%. But lots of shitheads still say their borrowings still very high. All armchair shitheads
So no intelligent answer why PNB not selling warrants?
Majoriy shareholders who r owners or family controlled companies generally don't sell warrants to avoid control passing over. PNB do not fall into that category .
Just calculate.... sell 300m make 10 sen = 30m Gain Share price lose 10 sen 2= 3b x 10 sen = 300m loss Makes "good business sense" Just like our politicians "brain is in their arse"
If PNB need money they can sell sell all the free warrants instead of mother share & they will still not lose control, yet they still don't do that. Odd isn't it
Amanah transaction as published on company website: Amanah from 2016 direct holding of 8% shoot up to 43% in oct 2017.
Acquired: 25 Oct 2017 2,701,646,774 *** (price on board at that time was 0.275-0.29) *** UMW-OG proposed the 14-for-5 rights issue of shares at 30 sen apiece, sweetened with free warrants on the basis of 1 warrant for every 4 rights shares subscribed
Disposed: 08 Jan 2018 22,500,000 (price 0.42-0.465) 09 Jan 2018 48,034,080 (price 0.41-0.48) 10 Jan 2018 100,000,000 (price 0.405-0.46) 11 Jan 2018 29,465,920 (price 0.4-0.425) 17 Jan 2018 9,500,000 (price 0.38-0.415) 18 Jan 2018 98,673,878 (price 0.34-0.395) 19 Jan 2018 46,418,293 (price 0.34-0.37)
Total acquired - Total disposed: 2,347,054,603
Their selling price is still way lower than their purchased price (i believed) I would say that they are the smart ones and not any of you who criticise their methods.
Crude oil Brent and nymex increase more than 1usd.Brent crude break 70usd /barrel while nymex above 64usd .Should it managed to stay 70-80usd per barrel it's a big relief for oil industries and improve more operation. At the current time of this message Brent Bloomberg is 70.20usd/barrel while nymex 64.40 both above 1usd increased all time high since 2015.
Amanah sold at lowest price, foreign funds purchase for future growth. China robust investment in oil operation shall be dominant and own the lowest, just as hengyuan bgt over from shell. Who are great looser in the long run. From 4.50to29cts sold at below 0.40cts more than 2 .3bil shares. Be realistic when it jump above 50cts.my 2cts opinion
MACC should investigate the Board of Amanah Trustees Why and how they are selling continuously when oil prices are so high and This Share are undervalued by some analysts......a new style of corrrupt activities like FGV..
Anybody knows who is the buyer of umwog corporations. Hengyuan received 1.7billion loans from several banks in Malaysia to inject more funds in the oil industries downstream. Won't be surprised if hengyuan is behind the take over to cater in house service. If that concludes biggest beneficiaries in umwog is likely be the one who has established oil exploration and refining in Malaysia buying at lowest price. During the booming years umwog was 4.50ringgit ,the lowest 29cts
ffendy Tay Anybody knows who is the buyer of umwog corporations. Hengyuan received 1.7billion loans from several banks in Malaysia to inject more funds in the oil industries downstream. Won't be surprised if hengyuan is behind the take over to cater in house service. If that concludes biggest beneficiaries in umwog is likely be the one who has established oil exploration and refining in Malaysia buying at lowest price. During the booming years umwog was 4.50ringgit ,the lowest 29cts
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....
陳彥霆
937 posts
Posted by 陳彥霆 > 2018-01-23 19:01 | Report Abuse
pariah amanah