PANSAR BERHAD - REDEEMABLE CONVERTIBLE PREFERENCE SHARES 2021/2026
KLSE (MYR): PANSAR-PA (8419PA)
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Last Price
0.58
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
Overview
Market Cap
107 Million
NOSH
0 Million
Avg Volume (4 weeks)
2,705
4 Weeks Range
0.58 - 0.595
4 Weeks Price Volatility (%)
97.48%
52 Weeks Range
0.52 - 0.62
52 Weeks Price Volatility (%)
93.55%
Previous Close
0.58
Open
0.00
Bid
0.59 x 25,600
Ask
0.61 x 30,000
Day's Range
0.00 - 0.00
Trading Volume
0
Financial Highlight
Latest Quarter | Ann. Date
|
Next QR | Est. Ann. Date
|
T4Q P/E | EY
|
T4Q DY | Payout %
|
T4Q NAPS | P/NAPS
|
T4Q NP Margin | ROE
|
Market Buzz
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: BUILDING MATERIALS
Subsector: BUILDING MATERIALS
Description:
RENOUNCEABLE RIGHTS ISSUE OF 229,325,975 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN PANSAR BERHAD ("PANSAR") ("RCPS") ON THE BASIS OF 1 RCPS FOR EVERY 2 EXISTING ORDINARY SHARES IN PANSAR ("PANSAR SHARE(S)" OR "SHARE(S)") HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON MONDAY, 8 MARCH 2021 AT AN ISSUE PRICE OF RM0.53 PER RCPS ("ISSUE PRICE") ("RIGHTS ISSUE")
Discussions
Be the first to like this. Showing 36 of 36 comments
Reference price should be 53 sen not 74 as Bursa Exchange stated, PA can be converted to Ordinary share after 3 years.
2021-04-01 09:53
does anyone know when is Pansar-PA going to announce the 4% interest payment? in the prospectus it indicates that it wl pay on each anniversary on the PA. it has been more than a year since it was listed on 1st April 2021.
2022-04-12 10:26
PANSAR-PA issue date was 29-Mar-2021, without any news being made available to shareholders, I think it show how good is the integrity and responsibility of the company's management!!
2022-05-09 15:35
Don't worry, guys. I have lodged an official complaint on this Pansar Bhd via bursa official portal
2022-05-10 10:30
if you wish to assert more pressure pls submit your complaint via https://www.bursamalaysia.com/contact_us/other_complaints
2022-05-10 10:35
if you wish to submit similar complaint pls visit - https://www.bursamalaysia.com/contact_us/other_complaints
2022-05-10 10:35
Has anyone had any good response to complaints on listed company to BURSA?
2022-05-10 10:46
So typical of any Malaysian agencies/govt depts!
They ask for details of complainants? Why is that so important,,,whats the certainty that complaints are handled w privacy of informant?
=========================================
FAQs
What should be in the complaint?
Complainant should furnish information that enable proper evaluation of the complaint which includes the follow
Name of the complainant, address, email and telephone number.
The name, address, email, telephone number and any website address of the party(ies) mentioned in the complaint.
Specific details of how, why and when the subject matter of complaint occurred.
2022-05-10 10:50
I called Metra Management Sdn Bhd to enquire abt the 4% interest payment which has overdue and their reply was they don't know and direct me to call Company Secretary directly :Pauline Kon Suk Khim. Pauline replied is that it is not necessary to for Pansar to pay the interest on the anniversary and asked me not to worry as they are financially strong. Anyway, I hv lodged a complaint and hope u guys do the same to assert pressure for Pansar not to play hardball with shareholders.
2022-05-10 12:22
Quite surprise that we need to lodge complaint and Bursa does not have a mechanism to ensure listed entity adhere to the rules and true to their commitment.
A company that are strong financially and responsible should have proper SOP in place and does not disappoint their shareholder which is not the case here.
Cumulative 3 Quarter(ended 31-Dec-2021) Net Profit stood at $2.7M only. Extrapolate with another quarter may get to ~$4M for the year ending 31-Mar-2022.
With 229,325,975 PA issued at $0.53, 4% interest will stood at $4,861,711 per year.
2022-05-10 15:43
I received the following email frm their CRM system upon submitting my complaint. Let me follow up and update u guys in 3 working days.
Dear XXXX ,
Please be informed that your enquiry has been received by us. You should expect a response from us within three market days. However if you do not hear from us within that time, your enquiry may require further analysis or may have been forwarded to the relevant department for their further action.
Below is the information:
2022-05-11 14:17
PA doesn't pay interest, PA pays preference dividend. Dividend is only paid if there's sufficient distributable profits.
2022-05-11 16:28
Bursa has replied to my complaint against Pansar Bhd:
Thank you for contacting Bursa Malaysia's Customer Care.
Dear Sir/Madam
Please take note that the Company has clarified that the declaration of RCPS dividend will be raised as matter for discussion and consideration during Pansar's upcoming Board meeting, which is expected to be held by July 2022, and will take into consideration, amongst others, the availability of profits and compliance with the Companies Act 2016 in conjunction with the FYE 31 March 2022 financial results.
The Board of the Company will determine the declaration of dividend upon finalization of the Company’s year-end accounts.
Thank you.
Bursa 2U
Bursa Malaysia Berhad
2022-05-18 13:47
You people are so inexperienced. PA doesn't pay interest, it pays preference dividend subject to availability of distributable profits. If no profits or insufficient profits there will be no dividend.
2022-05-18 21:20
Coupon/Profit/Interest/Payment Rate are the common term used as Preference share's dividend, hence I think there is nothing wrong to refer the payout as interest. For PANSAR-PA, we do see there are distributable profit at the point of PA's anniversary where dividend should be paid if the management cares! Should the company took loan from financial institutions, interest (maybe part of principal) must be paid irrespective of profit/loss!
We can refer to OMESTI-PB which was issued at $1.00 with 5% rate on 01-Apr-2021. The dividend have been consistently being paid (half yearly) on 30-Jun and 31-Dec for last couple of round. With current price at $0.86, the yield stood at ~5.81% pa.
2022-05-21 12:49
@carmenchin @pkchong, thx for d initiative to raise & share out this dividend paymn failure concern. I did feel frustrated & extremely disappointed too knowing this stock nvr paid out d dividen after invested much into this stock.
It works against its objective announced to d public w a consistent payout during the period stipulated. Obviously, it locked up & took free interest loan from us to finance its operations at our cost
2022-07-02 07:16
I did took d similar efforts to xplore w d mgmt & comp secretary for d failure of dividend paymn, but dey reacted so secretly like trying to avoid xplaining d facts & mechanism of this loan. Dey r great in taichi to pushing dier responsibilities till making this stock like a dead stock. Bursa oso allows their ways undertook. It is so disgusting & awkward
2022-07-02 07:21
My understandings:
OMESTI -PB ---- NOT CONVERTIBLE ,
- classified as Liability
- payment type : Interest, to be expensed of irrespective of any profit/loss
PANSAR-PA ---- CONVERTIBLE
- viewed as Equity
- payment type : Dividend, subj. to availability of distributable profit
Beware of a manipulative/lopsided clause in the share profile of PANSAR-PA
"AT THE DISCRETION OF THE BOARD"
My doubt : Where profit is sufficient, can the BOARD opt not to declare dividend ??
2022-07-02 10:17
Meaning the ultimate clause highlighted will over rides every sweethenning clauses stipulated earlier irrespective to d profitability of the comp.
It also meant tat d comp is taking tonnes of "Non-capital protected INTEREST FREE loan" solely at d investors' expense & risks.
Wat an unfair deal being adopted & investors are being cornered by these written clauses
2022-07-12 06:33
PANSAR BERHAD
Entitlement subject Others
Entitlement description Preferential dividend of 2.12 sen or 4% per annum per Redeemable Convertible Preference Share (RCPS) in respect of the financial year ended 31 March 2022
Ex-Date 12 Aug 2022
2022-07-19 20:31
Weldone CarmenChin & pkchong, with Urs persistence & efforts to trace wat d investors long awaited for, finally dey released d coupon paymn tat investor deserved. Really appreciate for d initiatives done for us
2022-07-21 05:25
The 2nd PA dividend for financial year ending Sept 2022 to b released soon. Shud b great results
2023-02-02 05:18
Its prc direction moved against it's mother share's, likely got coupon paymn announcement very soon I supposed
2023-02-18 07:27
PANSAR-PA
Entitlement subject Others
Entitlement description Preferential dividend of 2.12 sen or 4% per annum per Redeemable Convertible Preference Share (RCPS) in respect of the financial year ended 31 March 2023
Ex-Date 29 Aug 2023
Entitlement date 30 Aug 2023
Entitlement time 5:00 PM
Financial Year End 31 Mar 2023
2023-07-17 18:38
I submitted a complaint through: https://www.bursamalaysia.com/contact_us/other_complaints https://slope3.io
2024-01-26 11:57
Pansar share price is currently at 0.64 level or thereabouts. Pansar-PA price, on the other hand, is at 0.585 level or thereabouts. Pansar-PA is convertible to Pansar ordinary shares on a 1-to-1 ratio beginning today or last Friday. My question is "Why is Pansar-PA price not moving up?"
2024-04-01 12:21
@erickonsim, good observation, gearing ratio of 0.64 divided by 0.585 equals around 1.09, roughly convert will get 10% profit. Conversion will take roughly 10 days, and can take profit if mother price remains 0.64 then. Those who waited for the 3 year moratorium to be able to convert, this is the rewards..For info, I do not own this RCPS, only interested in any form of PS comparing with company warrants, and would like to comment on any mismatch of prices during any conversion. Tq
2024-04-01 13:46
There are too many fluctuations. We continue to follow at https://klse.i3investor.com/web/stock/overview/8419PA/ https://fisheatfish.io
2024-05-16 15:54
I submitted a complaint through: https://www.bursamalaysia.com/contact_us/other_complaints https://shopofturkey.com
2024-05-24 03:28
The price of Pansar's shares is currently at or around 0.64. Conversely, the price of Pansar-PA is around or near the 0.585 level. Starting today or last Friday, Pansar-PA is convertible at a 1-to-1 ratio into Pansar common shares. "Why is Pansar-PA price not moving up?" is the query I have. https://klse.i3investor.com/web/stock/overview/8419PA/
2 months ago
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Pansar-PA share carries an interest rate of over 4 percent for 3 years and shareholders also not interested.
2021-04-01 09:44