ESTIMATED TIME FRAME FOR COMPLETION Barring any unforeseen circumstances and subject to receipt of all relevant approvals, our Board expects the Proposals to be completed in the 2nd quarter of 2017. The tentative timetable in relation to the implementation of the Proposals is set out below: Date Events 2 May 2017 EGM Early May 2017 Announcement of the Entitlement Date for the Proposed Share Split and Proposed Free Warrants Issue Mid-May 2017 Listing of and quotation for the Subdivided Shares on the Main Market of Bursa Securities End May 2017 Admission to the Official List of Bursa Securities and listing of quotation for the Warants on the Main Market of Bursa Securities
I bought too early, exactly one month ago (see my earlier post)... haha...luckily earlier than never ...now 1.62, well above my cost, more to come with EGM on 02/05, Ex dividend on 03/05 then Ex date for splitting and free warrant. Exercise price of warrant is only 30.0 sen.... beautiful!
Date Events 2 May 2017 EGM Early May 2017 Announcement of the Entitlement Date for the Proposed Share Split and Proposed Free Warrants Issue Mid-May 2017 Listing of and quotation for the Subdivided Shares on the Main Market of Bursa Securities End May 2017 Admission to the Official List of Bursa Securities and listing of quotation for the Warants on the Main Market of Bursa Securities
public bank asked people to take profit so that they can pick up at cheaper price now that everything regarding spliting of shares were approved .. haha.
if bought at 1.83 ,your cost for mother shares is 71 sen and warrants is at 41 sen. Meaning if you sell mother shares at 71 sen and to be listed warrants at 41 sen, you will get back your capital of 1.83.
ruslimz fyki that works only if a) the Warrant is valued at 0.41 but it is not. It is fixed at 0.30 which means an effective fall in the share price today from 1.83 (yesterday's close) to 1.76 at cp 0f 0.73.
2nd point is that this whole scheme looks to me to be a complete con job. How can the Warrant be "free" if it is included in the price adjustment made. Effectively, all they have done, is carved up the share into three parts, 2 mother shares and 1 warrant, and made a downward price adjustment accordingly.
Indeed the price which shows in white as being on a par with yesterday's close is in fact 0.71 (with a cp at time of writing of 0.73). This means that the entire exercise is an utter con job when one considers that the value of the exercise now is (0.71 x 2) + 0.30 = 1.72 a decline of some 6% on yesterdays closing price.
of course they will fall back on the fact that this is all based on historical prices not the vwap in the 5 days preceding the announcement not the X date hahaha good job con men at Danco.
As per what I said before more upside awaiting...whether con or not that's subjective as a traders we only need to monitor to buy on supply sell on demand.
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....
thirdeye
64 posts
Posted by thirdeye > 2017-04-10 14:19 | Report Abuse
ESTIMATED TIME FRAME FOR COMPLETION
Barring any unforeseen circumstances and subject to receipt of all relevant approvals, our Board expects
the Proposals to be completed in the 2nd quarter of 2017. The tentative timetable in relation to the
implementation of the Proposals is set out below:
Date Events
2 May 2017 EGM
Early May 2017 Announcement of the Entitlement Date for the Proposed Share Split and
Proposed Free Warrants Issue
Mid-May 2017 Listing of and quotation for the Subdivided Shares on the Main Market of
Bursa Securities
End May 2017 Admission to the Official List of Bursa Securities and listing of quotation for
the Warants on the Main Market of Bursa Securities