Tuesday, February 26, 2013

ARREIT ^^

 
 
1. ARREIT - Sold almost all at 0.94sen and partially done at 0.945sen. Still remain some, hope can continue selling tomorrow else will keep for DPU. ^^
 
2. TMS - Another 15m ESOS shares to be listed tomorrow. :(
 
3. CARLBG - Wow !! Just declared 58sen Single Tier Dividend. It is higher than previous corresponding Q 65.5sen less tax. Tomorrow will fly further ? ^^
 
4. BJTOTO - Q at RM4.18 but not matched. :(
 
5. Watch List - ARREIT, TMS, CARLSBG, BJTOTO, YTLP-WB, ACOSTEC, MKLAND, KHSB, MPHB, YILAI, IGB, IGBREIT
 
6. Good Luck !!! May the best price be yours always. ^^

28 comments:

Edmond Aw said...

TMS make so panic

hng said...

TMS share volume based on Q4 result was 506m, since then TMS have issue new share these year up to total 891.075m enlarge share volume. These addition new share are consist of 144.8m for news business acquisition and 140m share for 30% ESOS.

The detail are
1. Its have issue total 144.8m new share for acquisition of viewnet and Open Adventure; both with profit guarantee total 7.5m

2. Exercise 30% ESOS for eligible director total 140m, list on 20/2 (97m); 25/2 (28m) and last batch 15m to be listing on 27/2.

These ESOS is issue at cost 10sen, thus via 30% ESOS share, TMS have further raise fund of 14m on top of its exiting cash hoard 28m, giving rise to total cash 42m or net cash 5.3 sen on enlarge total share volume 791.075m.

Tomorrow listing of 15m at 10sen is the last batch of entire 140m to be issue under 30% ESOS.

caryn said...

MAHSING-OR - Too Good To be True!?
Author: Tan Chin Kok | Publish date: Tue, 26 Feb 23:53 | >> Read article in Blog website


Question 1: What happens if you had bought MAHSING-OR today?
CK>> Sell it in market before 5/3/13 if you have profit in hand. Or else, you have to pay RM1.42 per unit of rights, as this issued price was fixed earlier. Due date for payment is on 12/3/13.
CK>> That means you use RM0.60 + RM1.42 = RM2.02 to buy a unit of MAHSING share.

Question 2: Since I can buy MAHSING @ RM2.02 directly from market, why I need to buy this MAHSING-OR and pay issued price later to get exactly the same MAHSING share @ RM2.02?
CK>> If you compare price to price, it is more or less the same. But if you look at this rights as a whole package, the overall of MAHSING corporate exercise, it will be very much different.
CK>> If you subscribed MAHSING-OR, you will get FREE Warrant as a reward. You will get 3 FREE Warrants for every 5 rights subscribed.

Question 3: What happens if you had bought 5,000 units of MAHSING-OR @ RM0.60 today?
CK>> You will have to pay RM0.60 + RM1.42 = RM2.02 for each of the rights you subscribed. After that, you will be getting 5,000 units of MAHSING and 3,000 units of MAHSING FREE Warrant.

Question 4: What will be the value of MAHSING Warrant?
CK>> Exercise price of this warrant is RM2.38. If based on the current MAHSING market price, this warrant is still out of money, but it has 5-years time value that worth a bet.
CK>> I would personally think that this warrant will hit RM0.30++ in the first trading day, then RM0.40++ in the second trading day.

Question 5: Sounds good, but why the MAHSING-OR still trading at such a discounted price? Any risks associate to this deal?
CK>> Yes, the current share price of MAHSING-OR @ RM0.60++ look very tempting. But of course the associated risk is higher due to the uncertainty of the upcoming GE13. The above example is calculated based on the MAHSING share price above RM2.00. What happens if MAHSING dropped to below RM2.00 before the listing of the subscribed rights securities on 22/3/13?

Question 6: So CK, will you buy this MAHSING-OR?
CK>> Yes, no doubt. I love FREE items, don't you? FREE warrants if you bought MAHSING-OR at RM0.60 and pay additional RM1.42 (issued price) per unit before 12/3/13.
CK>> It worth a bet. God bless me!

Question 7: Any Buy/Sell recommendation to us about this MAHSING-OR?
CK>> Buy it if you believe MAHSING warrant's price will shoot up in the first 1-2 days of trading. Don't worry even if MAHSING dropped to slightly below RM2/00
CK>> Forget it if you believe MAHSING warrant just worth a few cents due to high RM2.38 exercise price. And you strongly believe MAHSING share price will dip to much below RM2.00 within these few days.

Oppss, last but not least, don't forget about the BONUS share! One BONUS share for every 5 MAHSING shares held after the proposed rights issue with warrant.

CK>> Hopefully the uncertainties of this upcoming GE13 wouldn't spoil my plan on this MAHSING's corporate exercise. I really need to generate some small little profit as my wedding funds. Cheers! God bless me~

extracted from:-

http://klse.i3investor.com/blogs/cktan1984/25499.jsp





hoseadavids said...

Carlsberg yahoo!!!

Teng said...

TMS 5.5-6.0 cents. Buy or sell?

hng said...

Bought TMS at 6sen

Teng said...

CCM up since yesterday

hng said...

Bought MAS at 72sen and more KHSB at 66sen

hng said...

I think TMS today got force selling, portfolio manage to grab more TMS at 6sen to average down holding cost

Teng said...

Hng

Any interesting in MAS?

Teng said...

Hng

Quieing more TMS at 5.5 cent?

Teng said...
This comment has been removed by the author.
hng said...

Teng

Enough for TMS, just wait for rebound later.

hng said...

Teng

Mas should be post stronger Q4 result by end of these month. Any sign of good result should give stock a much needed boost

caryn said...

hng,

may i ask why mother's share instead of warrants?

hng said...

KUALA LUMPUR: Malaysia Airlines (MAS), which is in the midst of fund raising, expects its first quarter financial results due on March 31, 2013, to be better than last year, according to group chief executive officer Ahmad Jauhari Yahya.

“The first quarter normally is a softer quarter traditionally because December tends to see strong travelling activities,” he told Bernama in an interview.

As for the full year 2013, he said it was “too early to say” but added that the national carrier was putting in all initiatives to achieve the desired results.

Ahmad Jauhari said the fourth quarter ended Dec 31, 2012 seemed to have had particularly strong results.

“We achieved a load factor of 77.3%,” he said, adding that the full financial results would be announced by the end of this month.” The airline transported 3.718 million passengers during the quarter of which 1.403 million were domestic and 2.315 million international travellers.

It recorded a load factor of 81.4% for December 2012 alone. This was also greatly assisted through increased utilisation of the fleet through greater frequencies to some of the most popular regional destinations and faster aircraft turnaround time at airports.

MAS reported a pre-tax profit of RM39.103mil for the third quarter ended Sept 30, 2012, a reversal from the pre-tax loss of RM461.540mil in the same quarter a year before.

Revenue decreased to RM3.4bil from RM3.56bil. On the airline's rights share issue, Ahmad Jauhari said the issue price would be announced early next month. Bernama

hng said...

caryn

TMS WA is resulted from last year TMS corporate exercise: 2 right for every 1 share and 3 free warrant for every 4 right. The right share is issue at cost 10sen and the warrant exercise price also at 10sen

Up to Q4 result, these fund raising from right issuance last year still retain in TMS current balance sheet, total about 28m or 5.6sen per share. If take into account 140m ESOS issue at 10sen, TMS net cash will increase further to 42m.

The recent acquisition of Viewnet and Open Adventure are through issuance of new share at 10sen; no cash outlay. The contribution of these new business with profit guarantee of 7.5m or PE 5x will start contribute TMS from these year onward and turnaround TMS is almost certain now.

Teng said...

TMS WA trade at 3.5-4 cents. Really not worth to buy warrant. Almost same price as mother

hng said...

Teng

The problem with TMS is too much new share insurance in too short time, about 58% increment in share volume in less than 2 month from 506m to current 790m share (144m for new business acquisition and 140m for ESOS, resulting share overhang and exacerbate by TMS own director to disposed its ESOS share to open market

caryn said...

hng,

thanks for the detailed explanation.

teng,
why warrants not worth it. the returns in percentage terms would be fantastic with a low outlay. the Q not as many as the mother shares (TMS)

hng said...

caryn

Liquidity and high premium

hng said...

Based on TMS current share price of 6sen and enlarge volume of 790m, one just need to buyout all TMS at 47.4m. If take into account TMS own net cash in balance sheet of 42m, the total capital outlay to privatize TMS is just merely 5.4m. Imaging with Viewnet profit guarantee of 7.5sen pa , the actual net 5.4m capital to buyout TMS is profiting more than 140% yearly after buyout TMS.

Derick said...

I am in TMS at 6 cts :-)

horse said...

Try q 5.5 for tms :-P

Teng said...

Bought TMS at 5.5 cents to average down cost. Again small quantity

Chocoanut said...

Hi Hng,

Will this news affect IGB price? Any latest news on this?

Source from: http://www.nanyang.com/node/512940?tid=462

台北22日讯)台湾媒体报道,包含大马怡保花园(IGB,1597,主板产业股)的财团,因为未在指定期限内支付履约保证金,号称台湾史上最大规模的700亿新台币(约73.30亿令吉)台北双子星大楼联合开发案确定破局!
台北市捷运局长陈椿亮证实,并未收到太极双星1亿美元(约3.1亿令吉)的汇款,代表得标厂商太极双星在此案中已失格,未来将和第2顺位的厂商中华工程进行议约。
这表示,去年透过第五次招标活动,成功标得双子星联合开发案的团队,包含大马怡保花园和谷中城公司,以及日商太极双星集团,已经失格。
陈椿亮指出,昨天是台北市政府与得标团队签约的最后期限,对方也表示在午夜12时前会汇入上述履约保证金并送达文件,但今天证实太极双星资金并未到位,该开发案因而宣告破局。
第2顺位厂商议约
台北市长郝龙斌昨天也表示,若第1顺位议约不成,将没收太极双星1.3亿新台币(约0.14亿令吉)的押标金,并和第2顺位厂商中华工程议约。双子星案从去年10月28日,由太极双星团队以黑马之姿出线后,即纷扰不断。
依照规定,太极双星最晚必需在21日午夜24时前,缴交全部工程款的3%当作保证金,并送达包括太极双星、私地主、怡保花园和谷中城公司都要签署的履约责任连带保证书,以邮戳为凭,在21日24时前寄发捷运局。
台北双子星位于台北车站特定专用区内,与台湾桃园国际机场联外捷运系统台北站共构兴建C1及D1两栋大楼,将整合6铁1客运,是继香港、吉隆坡、曼谷后,全世界捷运站中兼具延伸国际机场服务功能的第4个城市及地区。

hng said...

Chocoanut

IGB lose its opportunity to venture into Taiwan property market due to stringent requirement that IGB management failed to recognize and after adjust risk, decided to pull out and earnest deposit has forfeited.

However, as retail investor, i will rather prefer IGB to focus on local property and increase dividend to reward shareholder

Teng said...

CCM 4th Q profit almost double,declare 5.75 cents dividends.Congratulations for those still holding to it.

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