1. Dow Jone green again today. :) My C also garner another 10c. :)
2. Just gotten my ATRIUM's dividend today. :) In total based on my cost together with DPU collected so far. The total % gain is about 47%. Not bad huh !!!
3. Below is the reference for those who own PANTECH. A very good reference provided from my long comrade hng. Thank you my friend. :)
hng // December 2, 2010 1:41:00 PM GMT+08:00
Pantech-LR is only very little stake in portfolio, compare to two major stocks holding now: PJdev and Uchitech. But, if i opt for full conversion to pantech ICULS, it could be quite substantial though.
Based on current pantech share at 63sen, each ICULS subscription cost at 10sen + 1.65sen pantech -LR = 11.65sen nett cost. To convert to pantech share, have surrender 6 ICULS for 1 pantech share. But the conversion period last for 7year, and each year ICULS received interest payment of 0.7 sen or 6% nett yield based on my cost holding of 11.65sen. In addition, 10 ICULS entitle 1 free warrant which have exercise price at 60sen over a period of 10year.
Upon listing i think, warrant could worth at least 10-15sen, while ICULS should at 11sen if pantech share manage to hold its price above 60sen. All in, current pantech-LR at 1.5-2sen may just generate very modest potential return. Thus, i'll either opt to sell later before ex-right at least 2sen for quick profit or go through whole exercise which have limited upside but ICULS interest payment semi-annual and free warrant could cushion downside risk
1 comment:
Ha! these morning sold off all Pantech-LR at 2sen, realize gross margin of 20%. Better realize profit than have to take 10x capital(10sen) outlay to subscribe its ICULS, with limited upside potential :)
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