Remarks : The ICPS can be converted into new Shares at the conversion price of RM0.20 ("Conversion Price") in the following manner:
(a) by surrendering of such number of ICPS with an aggregate value equal to the Conversion Price to be converted for 1 new Share; or
(b) a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS, and paying the difference between the aggregate value of the ICPS surrendered and the Conversion Price in cash for 1 new Share.
Go and study mother share. A very good fundamental stock since it is clarified as technology stock from industrial product. Look at frontken, dsonic.. Although arbb can't be as good as them, but arbb follow them closely. Put your target for arbb. TP 0.72 (still cheap) and arbb should be 0.48.. So how many % in profit if you buy low...
meaning I buy PA at 0.135 nw, add 0.20 to convert to mothershare, total cost 0.335 and I can sell at 0.39? *based on today pricing how about the ratio 20:1?
1 2020 results just announced. Good results. This is the eighth continuous quarterly results with improving quarterly revenues and net profits over the last 2-years since it goes into technology IT businesses in ERP and IOT's.
Hi, can someone help me to understand how do these preference shares work? If I bought 1 ARBB-PA share at 0.11, am I able to convert it into 1 ordinary share by topping up another 0.20?
so it is very worth to do the exercise, rite? it got 9% discount. PA-RM0.125 Mother-RM0.360. (1PA(0.125+0.20 (exercise price))= 0.325 only. Am i correct?
Eelniloc In conversion to mother share, only need to top up with 19 cents. 1 PA is treated as 1 cent ( the issuing price) . So conversion to mother share at 0.20 is satisfied by tendering 1 PA plus 19 cents..
Current P/E ratio (T4Q) of ARBB base on current ordinary shares 362m is only about 3.27. This appears to be extremely low for a technology sector stock (ARBB is now classified under Technology IT sector)
Currently there are about 713m PA which are not yet converted to the ordinary shares. At conversion of 1PA + 19 cents to 1 mother share, it would add another RM135m of cash capital to the Company. The no. of ordinary shares would increase from 362m currently to 1075m if all PA were to be converted. This would increase the PE from 3.3 to 9.8 ( 3.3 x 1075/362 ) which is still very low. If company profit grows, the prospective future PE would become lower. This implies that the current share price is probably under-value by the market.
A more reasonable PE of 15 to 20 can be expected. This means ARBB current share price have a potential to rise by a multiplying factor of 1.5 (15/10) to 2.0 (20/10). 17/06/202
rakuten may be a little more process needed. You can email the customer service. But Rakuten basically use nominee bank account unless need to use your name.
ADJUSTMENT TO THE CONVERSION PRICE OF OUTSTANDING IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN ARB BERHAD ("ARB" OR THE "COMPANY") ("ICPS") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,075,350,500 NEW ORDINARY SHARES IN THE COMPANY ("ARB SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 19 JANUARY 2022 (ENTITLEMENT DATE) ("RIGHTS ISSUE") ("ADJUSTMENT")
1. ONE ARBB PA + RM0.13 = ONE ARBB ordinary Share or 2. FOURTEEN ARBB PA = ONE ARBB Ordinary Share.
Usually ARBB PA behaves like ordinary warrants except that it converts automatically to ordinary shares. Valuation is about 30%-80% premium to Parent shares depending on how Undervalued Parent shares are.
Best part is ARBB has made improvements in 1] securing new contracts and future revenues at RM40milion 2] joint ventures with IT Platform worth RM60million 3] Started Hydroponics using IOT on most expensive Japanese fruits - Winter Melons. the expected Profits are projected RM4mil to RM12mil per year depending on the weather conditions. 4] Successful listing in NASDAQ as ticker ARBB (Nasdaq) with international investors exposure. If ARBB (Nasdaq) flies, put on your seat belts for ARBB (Bursa)
You know the best part? All teh above is not even priced in the ARBB and ARBB PA. Better yet, the prices keep falling. What a Bargain!
Be cautions when people are greedy, be greedy when people are cautious. (Warren B.)
Disclosure: I am happy owner of ARBB and ARBB PA and am still buying in the next 72 hours.
NOTE: I am not paid by any parties including ARBB Management to post the all my prior and current analysis.
Yes. MarcusBioTech. This PA automatically be converted to Mother Share upon expiry on the 15 Jan 2024 at the ratio of 1 Mother Share for 14 PA. Just in time to complete their Dividend Distribution exercise this coming 27 December 2023 EGM. Upon conversion to ARBB shares, ARBB distributes 14 ARB-IOT shares listed in Nasdaq for every 1,000 ARBB Shares that you are holding. Wow. What a Good Way to add new Nasdaq listed shares into our Portfolio? Guess we should buy ARBB shares now or add more ARBB-PA to get them automatically converted on the 15/1/2024 for our brand new experience of holding or and trading in the Nasdaq counter in the future. At least we get to feel of trading in the New York Stock Exchange under Nasdaq.
Remember buy now Mother at 7.0 or 7.5 sen and PA at RM0.005 will be safe and okay. You said Fat Boy not generous but you must remember, his very big portion of shareholdings is involved here. He also mahu huat mah.
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Posted by nklye > 2019-01-23 23:44 | Report Abuse
Due in 5 years, perhaps it's worth to try on this counter. Quite a number of speculative articles about its mother shares...