SOUTHERN STEEL BERHAD - RCULS 2015/2020
KLSE (MYR): SSTEEL-LB (5665LB)
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Last Price
0.80
Today's Change
0.00 (0.00%)
Day's Change
0.80 - 0.81
Trading Volume
2,000
Overview
Market Cap
NOSH
Avg Volume (4 weeks)
4 Weeks Range
4 Weeks Price Volatility (%)
%
52 Weeks Range
52 Weeks Price Volatility (%)
%
Previous Close
Open
Bid
Ask
Day's Range
Trading Volume
Financial Highlight
Latest Quarter | Ann. Date
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Next QR | Est. Ann. Date
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T4Q P/E | EY
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T4Q DY | Payout %
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T4Q NAPS | P/NAPS
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T4Q NP Margin | ROE
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Market Buzz
2024-10-30
2024-10-29
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Company Profile
Discussions
Be the first to like this. Showing 3 of 3 comments
SSTEEL-LB is a loan stock, with fixed interest repayments of 5% (5 sen/yr, paid at half-yearly intervals), from 2015-2020. As far as I can figure, it is a 1:1 conversion to mother share (The RM1.05 exercise price refers to the initial price to buy the loan stock in 2015). Conversion can be done at any time, via your remisier/brokerage.
The reason for the low volume is because -LB stockholders were getting 5 sen annual returns (better than FD) while mother share had no dividend since 2014.
Given that the mother share just declared a 3 sen dividend ... you can expect some interest in this counter, as a cheaper entry to own the mother share.
Note that at RM1.40, loan stock interest works out to only 3.57% p.a.
References:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4205517
http://www.bursamalaysia.com/market/listed-companies/company-announcements/3644697
2017-04-28 14:36
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Solo
Can someone explain to me how does this LB work?
2017-04-28 11:21