We refer to the announcements dated 11 November 2016 and 30 November 2016 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that the Board, after further considering factors such as the Proposed Rights Issue of ICPS which has been announced but is pending implementation, has decided not to proceed with the Proposed Free Warrants Issue for the time being.
For the avoidance of doubt, TLB will proceed with the Proposed Share Split and Proposed Amendments. All the relevant sections in relation to the Proposed Free Warrants Issue in the announcement dated 11 November 2016 shall be disregarded.
ICPS....so called PA issue price 0.165, conversion 10PA:1 or 1PA+1.485, what a premium.. no food at all and no guarantee dividend payout... sucks... really con investor...
@Smartly,I'm newbie. May I know what is ICPS?I saw titijya-pr is one of the top 10 active shares today. Means many ppl are buying it. Why did u say it is not worth? If we buy this pr, can we just hold it without convert it?
Titijaya is a good profitability second tier property development company,and its coming PA will actually provide us a VERY GOOD opportunity to make good money return over next 5 years with very minimum risk,till now it could be considered once in OUR LIFE TIME, learn from me here and you could be smarter thereafter..for other counters
Titijaya PA : subscription price is 16.5 sen
: Duration is 5 years
: Conversion price is RM 1.65
: conversion option 1 is 10 PA to 1 mother share
: Conversion option 2 is 1 PA + RM 1.485 cash
Please take note that the conversion OPTION 2 has virtually turn PA as a NON-BURNT WARRANT-EQUIVALENT with VIRTUAL EXERCISE PRICE of RM 1.485...if your cost of PA is 17.5 sen each...meaning you are investing in a non-burnt warrant with gearing of 8.57 (1.50/0175) and premium of 10.67%...But the vital part of this investment is that ,it is like warrant providing leveraging effect and yet receiving dividends (Titijaya has paid yearly dividends so far )..so your holding cost will be reduced over next 5 years....
Hua Joshuaayoung ,leslieroycarter,smartly, got it now ? you may take OCR PA as a case of study and reference...after this , I think you all will become smarter , right ?
if you wish to join my 108 group ,whatsapp me at 0162151632
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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....
bkt2008
131 posts
Posted by bkt2008 > 2016-11-16 03:06 | Report Abuse
http://klse.i3investor.com/blogs/hleresearch/108806.jsp