Friday, August 24, 2012

OSKPROP Right Issue Over Subscribed By 54.16%

 
 
1. OSKPROP - The Rights Issue with Warrants as at 5.00 p.m. on 16 August 2012 are set out in table below:-
No. of Rights Shares
%
Acceptances
18,105,096
96.59
Excess applications
10,790,838
57.57
Total acceptances and excess applications
28,895,934
154.16
Total Rights Shares available for subscription
18,744,703
100.00
Over subscription
10,151,231
54.16

2. AFFIN-CF - Bought in at 0.16sen. The current net worth on this Call Warrant is around 0.1733 as we enter the 2nd day of cash settlement. I will try to buy more with my limited fund available on Monday if the underlying share price remain steady. ^^
 
3. RCECAP - Aim for it 1.5sen dividend anytime soon. Bought in at 0.47sen today. Hope for the best. Taking a risk here as their net profit for 1Q has shrink a lot. :(
 
4. APOLLO - Price steady at 3.26. ^^ Will announce 20sen dividend soon but even with that, the ex-date is relatively long in DEC 2012 or so. :(
 
5. GAB - Beautifully chalk up 30sen today while pending for the propose dividend announcement of more than 44sen maybe. The actual dividend announcement will be around OCT 2012.
 
6. Watch List - OSKPROP, APOLLO, RCECAP, AFFIN-CF
 
7. Good Luck. !!!
- Right issue

120 comments:

hng said...

horse, Teng

We all opt to apply excess for OSK property, lets see how many lot we can get, which is real windfall as every lot worth RM2.70-3.00

Teng said...

Hng

Many people apply for excess,but quite sure all apply will get some.Even 200 shares is windfall

hng said...

Teng

IGB rebounded back to above 2.50, however, based on its latest quarter result. Although earning increase but annualized still give rise to rich valuation, trade at PE 16x. The premium reflect IGB its stable and diversify earning base and rich of quality asset.

hng said...

alwayswin111

PJdev seem have strong hold at 80sen, Interest to get some at 81sen

horse said...

Don't think there will be a lot allocated for OSKPROP excess. I applied 5000units, hope to get 500units. ^^

Teng said...

Hng

Big property counters( IGB,Setia,IJMland) are traded at higher premium vs their peers.some hoping for special cash distribution by IGB once IGB reits listed to push up it share price

Teng said...

Horse

You are more optimistic than me

Amfirst has acceptance of about 98% but much less apply for excess. I apply 3,000 and alloted 970 share.I wish for OSKProp( i apply 4k excess)can get 200 share excess. For RM200,I get about RM750 ( RM600 share and RM150 warrants)

hng said...

Teng

Here is the condition and ranking of priority to get excess application.

i. Firstly, to minimise the incidence of odd lots;

ii. Secondly, for all allocation to Entitled Shareholders who have applied for Excess Rights Shares with Warrants on a pro-rata basis and in board lot, calculated based on their respective shareholdings as at 5.00 p.m. on 1 August 2012; and

iii. Finally, for allocation to Entitled Shareholders and/ or their renouncee(s) who have applied for Excess Rights Shares with Warrants on a pro rata basis calculated based on the quantum of Excess Rights Shares with Warrants applied for.

Teng said...

Hng

Sold some IGB at 2.54 for contra gains.Also,free up cash to buy other stocks( Apollo or Faber).I am probably the one in this group that does not own any faber

horse said...

Whoever got bullet can park Pavreit at 1.36, minimum 10000units. Good Luck. ^^

My trading limit all up. :(

Teng said...

Hng

Based on prospectus,all apply for will get some excess using prorata formula

Just hope I dont get odd lot like my Amfirst excess.I would think easy to avoid odd lot but don't know why I still given

hng said...

Teng

You may wan to opt for wait and see first, chance may arise for you to buyback IGB later for intraday gain instead :)

hng said...

Teng

In order to entitle for excess based on pro-rata bases, one must look back whether they hold any share on 1 Aug 2012

II.for all allocation to Entitled Shareholders who have applied for Excess Rights Shares with Warrants on a pro-rata basis and in board lot, calculated based on their respective shareholdings as at 5.00 p.m. on 1 August 2012;

horse said...

Teng,

COngrtaz on your IGB. ^^ :)

horse said...

GAB still rock. !!!

Teng said...

Hng

I got your you mean.Allocation of excess base on respective holding in OSKProp.Meaning if you hold more OSKProp,you get more excess

I think this is fair. It not,one will buy 1 lot OR and apply millions excess.

hng said...

Teng

The critical time to hold OSK property was on 1 Aug, after which shareholding was not counted.


In essence, management give priority to investor whom buy OSK property to entitle OR till the ex-entitlement date on 1 Aug.

It is fair as those buy and hold till entitlement date were at higher cost than those directly opt for OR.

Titus said...

Hi Horse,

May I asked why pavreit is good by at 1.36? Just would like to learn from you all. Thanks for sharing

Titus

hng said...

If today ASM on 'Holiday', i think MNRB could stay above RM 3.00

horse said...

Yea, such allocation will be very fair for those oskprop holders.
I hope to get some of it. ^^ finger cross.

Teng said...

Hng probably get more excess than Horse and I. Hope to get 200 shares excess.

Teng said...

Horse

I still queue Affin CF at 15.5. As expected,Affin share price is under some selling pressure.But I can see this time selling is not as 'severe' as in previuos case.VWAMP may be a factor,also too many CWs expiring same time.MM has no time to monitor all

horse said...

Titus,
Break your fund in 2 batches on Pavreit. Now first place 1st batch buy at 1.35 and the 2nd batch wait/standby for RM1.36, if happen to see profile buy sell at 1.35 & 1.36 can grab 1.36 straight with 2nd batch. As mentioned minimum 10000units per batch.

hng said...

horse, Teng

I think we all deserve to these 'windfall' to lower our cost and increase chance to reap handsome profit on the listing date, especially if warrant could hit upper limit :)

horse said...

Teng,

You are right. I am queuing 0.155 as well. May want to grab 0.16 if mother stay steady at 3.50 today.
VWAMP is really factor, even if they want to manipulate also need more effort.

Titus said...

Horse,

Thanks for sharing. Not buying at the moment. Just would like to learn from you all how to spot a good stock or how to trigger a buy call.

horse said...

Titus,

Just concentrade on Dividend stocks.

Teng said...

Hng

What is the reference price for OSKProp Warrant?1 cent?

hng said...

Teng

I think last time calculated already at 2sen. However, it not make a lot difference, the important is warrant must hit maximum limit up in the first day :)

Titus said...

Ya horse, but now days there is not that many good dividend stock. Or it all fully value that it makes the dividend unattractive.

Teng said...

Hng

Limit up for counters below RM1 is 30cents.Using your min 30% premium for newly listed warrant,it should be around 30cents?

horse said...



IGB REAL ESTATE INVESTMENT TRUST



27/08/2012 10:58:52 AM





Opening of application

27/08/2012



Closing of application

04/09/2012



Balloting of applications

07/09/2012



Allotment of IPO shares to successful applicants

20/09/2012



Tentative listing date

21/09/2012

Teng said...

Horse

IGB Reits annouced its IPO open for application today,Aug 27

hng said...

Teng

Perhaps it is reason why IGB upsurge strongly as IPO date already confirm, iron up uncertaintly

hng said...

Teng

I'm expecting OSK property warrant to trade more than 30sen, the higher than better. Expecting 30% premium of newly listed warrant is at the low side already, some could trade more than 50% premium depending on market response.

hng said...

We all miss out BRDB rebound. These stock together with IGB were the two property stock bashed down severely recently and coincidentally, both rebounded strongly today.

hng said...

KSL is building up buying momentum, the recent proposed hike in rental in KSL city mall to as high as 150% increase, if materialize could double rental income next year.

Teng said...

Hng

This morning I was reading Theedge News Alert sent to me. First in the deahline was 'Anxious wait for BRDB warrant holders '

Too bad miss this

hng said...

Horse

Apollo hit another record high at 3.29 :)

Teng said...

Hng

SGD-MYR is at its near record high. Many Sporean or Msian working in Spore will buy/invest in properties in JB?

ck5354 said...

market sipeh boring

hng said...

Teng

You're right. In fact, i intend to buy landed property in JB as well. But, the landed property in Iskandar region also already skyhigh, Semi-D in Bukit Indah by SP setia, cost at 1.45m for bumi, 1.80m for non-bumi (15% discount) already comparable to certain KL area, like cheras.

Teng said...

Hng

My 2ndary school classmante working in Spore told me Iskandar promoted aggresively in Spore.They even have buses ferrying them from Spore. He bought 2-3 small condo in JB. RM200-300K is nothing for them

hng said...

Another reason contribute to hike in JB property other than currency is that PR working in Singapore can not buy government HDB, force PR only can buy private condo, which mostly cost more than 1.0m sing dollar. Therefore, many PR opt to buy JB property instead, the nearer the costlier

hng said...

Teng

My young sister working in Singapore, earning 6.5k, after deducting CTF (20% employee: 14% employer)) and income tax, net income roughly 5k, she spend maximum 1 k for renting room + daily expense, net saving about 4k = RM 10,000 pmth

horse said...

My cousin brothers also worked in Singapore earning 5-6K $S per mth. Buying big car and house at JB. Thier income really good.

Teng said...

Hng

Non Sporean buying private condo subject to additional 10% duty ( introduce less than 1 year ago?). This push them to no where,can't buy HDB( I think 2 PRs,brothers/sisters can share to buy 1 HDB?) and can't afford private condo

1 room in Spore is SGD600-800/mth. Your sister must be very good in managing her expenses.

Teng said...

Apollo and MNRB up nicely

hng said...

Wau, Apollo stay at 3.31..... Ha, horse, we together can Laughing all the way to Bank :)

horse said...

i sold Apollo at 2.30, take profit first. ^^ :)

Thanks hng. ^^

horse said...

Sorry, 3.30 sold.

hng said...

horse

So fast you sold already !? Apollo at 3.34 now, i will wait for its dividend to come out first, most probably could be as high as 25sen

Teng said...

Hng

Congraz Hng. Apollo buyer is now 3.32

horse said...

hng,

Enough for me. ^^ Let other win as well. Keep Laughing All The Way to the Bank. :)

Congratz, now apollo at 3.34. ^^

hng said...

Teng

While many Malaysian may get salary >10k, but only few manage to save 10k every month.

To accumulate wealth faster, one may seriously consider working in Singapore, even get paid < S$10k, but if can save half of it and exchange back to ringgit, saving RM10k or RM120K pa is no a problem at all. In addition, with CPF contribution of 20% + higher employer contribution of 14-15%, one can assure better retirement life, which if even best if by 20 year later currency exchange go even higher 1: 3

Tay SK said...

Horse good to see u around. Followed u into apollo and ksl last week at same price. Thanks Hng for highlighting these stocks. Still holding at the moment.

hng said...

Teng

horse is better, as he have investment in Singapore stock market without need to working there. Every S$1k profit translate to RM2.5k.

I may follow horse to reinvest in SGX later.

hng said...

Tay SK

Both KSL and Apollo are due to release their financial result, just need to wait at the moment.

Tay SK said...

Waiting patiently Hng. Full confidence in these two. Will hold as far as my limited capital permits :)

alwayswin111 said...

Hi all
Everybody seems to be making money one way or another... Good.. keep it up... For me, very quiet. Still waiting for Pjdev.
Hng, 0.81 seems strong support but if it continues to support 0.82, maybe we should get some?
I am also keen on GAB, chartwise... target is blue skies . Maybe try some with SL below 15.50...

horse said...

wow hng congratz !!! Apollo inching higher to 3.35. > 10sen return already. Well done. ^^

Bubble Tea said...

between KSL & Faber, which will be a better choice if can only choose one? both same price now.

horse said...

Buble,

For immediate term i think KSL. Faber as mentioned by hng pending the concession contract.

ck5354 said...

OCBC keep selling WTK

Teng said...

All

One thing good about working in Spore is you don't really need a car. Owning a car in Msia is painful.

Spore living standard is higher.But you still can get cheap food there ( SGD2-3) with decent environement.But if you want to own a car,then it is very expensive. COE,parking,tax etc will kill you. Altis 1.8 cost about
SGD160K or RM400.

Horse-Your cousin own big car in Spore or Msia?

hng said...

Bubble tea

I'm still wait for news of Faber granting concession renewal, the holding period could longer but limit by end of these year. The longer period is compensate by expected higher return once concession news is confirm, expect 20% return on it.

KSL is for shorter period, or till financial result is out, expect return <10%

horse said...

I'm qing pavreit at 1.34.

Titus said...

Hi Hng,

Where did you find the information that KSL will declare its next dividend. I look thru and it noramlly declare its dividend in may but it has passed and no news on the dividend. Thanks.

horse said...

My cousin brother own big car in M'sia.

POS really fly from 2.90 to 3.30.

hng said...

Titus

I didn't mention KSL will declare dividend in upcoming Q2 result!

I just pick KSL as it could be only few property stock laggard behind and could be due to uptrend if manage to break its 1.43 resistance level

hng said...

horse

Pavreit could under some selling pressure, as some of REITs investor may cash out for upcoming IGB REITs

Titus said...

i see. I'm sorry Hng. I have read wrongly. Sorry for the confusion and thanks for clarifying. Thanks

hng said...

alwayswin111

I q some PJdev at 81.5sen

alwayswin111 said...

Horse
do you think it wise to buy GAB ABOVE 15.70?

ck5354 said...

sunreit and pavreit follow sell down for IGB REIT

Teng said...

Hng

I was at PJD booth last weekend for Property fair. Their latest launch at city center D Majestic. Smallest unit 685SF going for RM870K ( cheapest unit available for 685sf).My cousin bought PJD's Swiss garden few years back,650SF for RM470k with 7% lease back

hng said...

Teng

Hapseng at 1.65, plan to buyback?

alwayswin111 said...

Hng
I think that is quite a good price to buy too.

hng said...

Teng

PJD offer leaseback and manage apartment by their own Swiss Garden Hotel division. How is the take up rate?

PJD also have new project in Cheras, You city open for registration.

Teng said...

bought Faber at 1.40

hng said...

alwaywin111

PJD is due to release financial result, although EPS could be lower than corresponding year due to a lot of new project still in early stage, but i still think it will proposed 5sen dividend

Teng said...

Hng

For Majestic,sales person told me leaseback also available. Most small units were sold ( which is surprised to me. Unless it is sticker game)

Properties now is bit too high to enter.PJD also has project in USJ,YOU One. Almost all sold out

horse said...

alwayswin,

GAB at 15.70 personally i think it will surpass 16 but at current price i will not buy.

horse said...

REITs temporary set back for IGB REIT, a good chance to load up i think.

Gark said...

Anyone still holding WCT..? Mother has already +20 cents from 2.50, the WB still back to square one...at 0.30? Hmm...

Teng said...

Gark

I will wait for WCT ex dividend ( 3.75 cents TE). Ex date is Sept 4

Gark said...

After ex-div, the price will be adjusted lower .. then the WB will have further room to fall.

Anyway went to visit paradigm, Aien Bukit Tinggi and KLIA2 construction over the raya holidays, was quite impressed. :)

Teng said...

Horse

IGB Reits DY is about the same with most Reits listed now. Some even offer better DY

I favor Quill capital but its price hold steady now

hng said...

Teng, Gark

WCT itself is worth of investing, but not WB as it only has 6-7 month lifespan.

hng said...

Teng

Beside income yield, REITs assets also contribute to assessment. Retail REITs especially at good location are more resilient than Corporate tower/warehouse

horse said...

Teng,

Not throwing your ytlp-wb ?
Keep bashing down. :(

Gark said...

Hmm.. then maybe it will be more worth it for me to exchange my WB to WCT shares....:)

Teng said...

Horse

Still keeping YTLPower-WB. Waiting for jackpot

hng said...

Hapseng at 1.63! any chance of sudden buyout like last week?

I think is better to wait for financial result first

hng said...

Bought PJD at 81.5sen

hng said...

Gark

You still holding WB? at what cost?

Teng said...

Hng

I have been monitoring HapSeng since 2.30pm. Still not sure to buy at 1.63 level. FY may not be good?

alwayswin111 said...

Hng, Horse
thanks for info.

Gark said...

Yes I am holding WCT-WB at 0.30, surprised to see the mother shares gain, while the WCT-WB is being lackluster. But still can wait a bit more.

Gark said...

Wow.. YTLP is taking a nosedive...

Teng said...

Hng

Miss your message abt hapseng at 1.65

FYI,I still have Hapseng I bought at 1.72( same day you contra play Hapseng,I sold at 1.75 or 76 but bought it back at 1.72)

horse said...

I may buy WCT after ex-price.

horse said...

Affin-cf looks promising. :) ^^

hng said...

horse

Lets wait for opportunity to buy back YTL Power and WB on further weakness.

Teng said...

Horse

Affin-cf- mean chances of getting it at 15.5 cents is getting slimmer. I only have 32400 shares^^

Teng said...

Hng/Horse

I last bought YTLPower at 1.68. This may be strong support level

horse said...

hng,

Yup, waiting for ytlp-wb :)
But need to spare a lot of cash. :(

I just went visit an apartment with condo facilities. Selling 120K 960sf. Rental could fetch around RM700.

Teng said...

Horse

Where is the location for this apartment?

I know in Melawati,one condo going for 150k for 1,000sf with rental around 800/mth.But this is old aprtment,and I worry about structure strength as I see columns at undergorund car park

ck5354 said...

horse where got so good deals?

Share share, KL, cheras??

horse said...

The area is at Klang near Giant, source it from property website called vista bayu.
Melawati is a good area though, 130K is cheap.

horse said...

Just got my PAVREIT filled at 1.34 :) ^^

horse said...

Soon MM will take 0.165 for affin-cf.

Teng said...

Horse

If you interested,condo name is Desa View. You may widen your search to Setapak +Melawati.

Problem is strata title not issued yet. Environement is good,cooling. Few years back I was there and I see many many columns to support car park structure

Teng said...

Horse/CK

I think Klang also not bad though it is 'far' from KL. 120K for 700/mth rental is good investment. I will prefer this over Desa View I just mentioned. Desa View was developed by Mxx which is not so reputable.

horse said...

SOld back Pavreit at 1.35 with 1 sen profit. ^^

horse said...

Net worth for affin-cf is 0.1720. Still got 0.012sen buffer.

ck5354 said...

i prefer cheras where i stay at bandar mahkota cheras, easy to monitor. anyone have any kangtao?

ck5354 said...

You CITY is too expensive

Tay SK said...

Ck, have u heard of venice hill? Cheap but alot negros.

ck5354 said...

yes, venice hill

130k for 1000 sq ft

sipeh cheap

But rent not so good and transport also not so good.

A lot of negro

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