From HwangDBS Investment Bank : Property - Money Looking

This post has been edited by claricecmw: Sep 4 2009, 01:35 PM


Attached File(s)
 Property_20090904.pdf ( 285.52k ) Number of downloads: 35

Looks fine to me....Try to log out n re-login n see how....

May I know what is the meaning of bee effect in this case?



This post has been edited by claricecmw: Sep 9 2009, 11:34 AM

Thanks Cherroy & Wince for the explanation.

Yeah tell me about it! Indeed is Bloody Wednesday yet again...

Oh thanks Debbie for the analysis. Though the trend may not be repetitive every week but at least the probability is high. This gives us traders some "planning" to do then.

So tomolo Thursday hopefully will UP UP UP

me BUY BUY BUY oredi ... now scared STUCK STUCK STUCK only...




This post has been edited by claricecmw: Sep 9 2009, 04:48 PM

I'm more of a monkey SWINGer.

But now I feel like I'm this cat...... Get me OUT of here.................................... (the cat's face really SAD right)

errr pls dun listen to Doomcake about MSPORTS .... MSPORTS is not a good buy at the moment but do monitor it's financial results and market sentiment about it when the time comes.

I really need advice from all the knowledgeable experts a.k.a SIFUs......
I've been combing all the @#$%-pedias but still couldn't get a good grasp on Loan Stocks (Irredeemable Convertible Secured Loan Stocks)
I believe KMARC's LYN stock market FAQs & Guide doesn't cover this ICSLS.

As E&O is issuing Loan Stocks, I need to know whether getting it is a wise idea or not.

As extracted from Bursa below
Subject : EASTERN & ORIENTAL BERHAD ("E&O" OR "COMPANY")
(I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO RM246,892,234
NOMINAL VALUE TEN (10)-YEAR IRREDEEMABLE CONVERTIBLE
SECURED LOAN STOCKS 2009/2019 OF RM0.65 EACH (“ICSLS 2009/2019”)
IN E&O ON THE BASIS OF ONE (1) NEW ICSLS 2009/2019 FOR EVERY TWO
(2) ORDINARY STOCK UNITS OF RM1.00 EACH IN E&O (“E&O STOCK
UNITS”) AT AN ISSUE PRICE TO BE DETERMINED BY THE BOARD LATER
(“PROPOSED RIGHTS ISSUE”); AND

(iii) the coupon rate of 8% per annum on the nominal value of the ICSLS 2009/2019;

What I understand is
1. For every 2 lots I have for example I am entitled to purchase 1 lot of the ICSLS at RM 0.65.
2. Every year I will get 8% Coupon (err is it a good deal?)

Question
1. What is the (10) Year about?
a) I have an option to sell my ICSLS anytime from the time I purchase it and if I don't sell it, it will then auto-convert to the mother share on the 10th year?
2. The ICSLS is like a normal share whereby it can be traded in the market right?
3. The 8% Coupon is taxable?
4. How will the option to purchase the ICSLS be informed to the shareholders since I am using a nominee's account?

These are basically the gist of my questions....there are actually many other SUB SUB SUB questions I have but paise to ask

Tangkayu for your kind assistance

Roger that!

Thank you so much for the explanation....Muaks

Arigato Skiddtrader