For me if it is a div counter, not to worry too much, especially if the yield is sustainable. Some of the times, in fact the stocks already breakeven at slightly lower than your ABP, because it has already given you bonus shares, div shares etc. So, as long as YTLP is giving >6% div yield of the current market price, then, I have no problem keeping it. I'm only happy if I realized the gain, not just by paper profit. If based on paper profit alone, some ppl might go from

YTL Power's 13.3m new shares to list Thursday

KUALA LUMPUR: YTL POWER INTERNATIONAL BHD []'s additional 13.3 million new shares will be listed on Thursday, March 10.

A Bursa Malaysia Securities listing circular said on Wednesday 13.279 million new shares arose from the exchange of YTL Power Finance (Cayman) Ltd's five-year zero coupon guaranteed exchangeable bonds 2005/2010 into shares.

Another 22,000 new shares were issued under the employees' share option scheme.
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the last bond conversion was November 23 2009, 1.2M shares

any opinion on this ?
i think the price can get hit back to 2.20 or lower....
In addition, the EPS will be diluted from this exercise, right ?

plz correct me if i'm wrong...

This post has been edited by mopster: Mar 10 2010, 01:46 PM

Yup definitely . Was thinking of want to sell off some and buy back later. But i am afraid that some good news might be on the pipeline....

See the high buying volumes i wonder something is up to

This post has been edited by darkknight81: Mar 10 2010, 02:38 PM

Their total shares is almost 6.7 bil shares outstanding. 13 mil new shares is like a drop in the swimming pool. Don't worry, will have no effect whatsoever.

Yeah. Last time I kena trap by selling off the WB, but still luckily that YTLP drop after that, then I pick up

Skid any news on ytlpower? Why the buying volume so high

Share divvy on the way

0.013/6.7 x 100% = 0.19 % only

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Added on March 10, 2010, 2:47 pmNot much treasury shares left. Lazy to find out the figure but i remember not much lar So is impossible.

This post has been edited by darkknight81: Mar 10 2010, 02:47 PM

Really don't know. I only suspect its because their Power Seraya 800MW co-gen unit is already running from January, so this quarter will be seeing some contribution from it. But actually I was expecting YTLPOWER to drop even more due to GBP, was already planning to add bit more to make a round number for my holdings.

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Added on March 10, 2010, 2:57 pmThey only have about 50+ mil shares as treasury at the moment, so it is unlikely.

This post has been edited by skiddtrader: Mar 10 2010, 02:57 PM

They can give up odd number instead of 1 for 25.

The 800MW i believe already factored in as it is an old news. So most probably is something else i believe. But the way i look at it... Why YTLPOWER don want to pay off their debts with their 8 billion cash pile instead of issuing new shares? Must be some acquisition coming soon.

I hope i am not wrong this time

By the way i stop topping up my ytlpower since last year.

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Added on March 10, 2010, 3:04 pmAccording to Skid figure, we can get 1 share for every 134 shares we hold....Do you think it is possible?

This post has been edited by darkknight81: Mar 10 2010, 03:05 PM

I think you are right about them paying debts. They have some expiring bonds soon this year so will need cash to settle those. Actually if they settle a lot of their interest bearing borrowings, their gearing will go down a lot but then who knows what they are planning with all the cash.

Why not. In fact, now they already start buying back, I'm sure by AGM, this will be one agenda, and approved, YTLP reach 2.50, after ex 2.20 again

their buy backs are in small quantities only. i don think they will use their cash on either reduce their borrowing or share buy back. They will look into new acquisition instead i believe.

Bear in mind that YTLP is quite high price now. If they look into new acquisition, it is possible, they can release their treasury share to free up more cash.

As anticipated, the pound has gone below 1:5

Printed from the XE Universal Currency Converter at: www.xe.com/ucc

Live rates at 2010.03.10 13:28:03 UTC
1.00 GBP = 4.95987 MYR
United Kingdom Pounds Malaysia Ringgits
1 GBP = 4.95987 MYR 1 MYR = 0.201618 GBP


I am surprised YTLPOWR is @ 2.29, going up about 15 sen after announcement of 3.75 sen div.

If we look at the charts, YTLPOWR came down below 2.00 to as low as 1.70 in tandem with falling pound and then rose up with a rising pound.

It's current price movement seems unusual. I can only guess either some good news coming or some goreng activity till the obvious happens.

For the last quarter the conversion rate was 1:5.5

That's about 10% less profit contribution from Wessex for the next quarter results not to mention the asset value. Though the actual percentage will be known at end of March.

No plans to move in, not until the mother goes below 1.90.

This post has been edited by calmwater: Mar 10 2010, 09:45 PM

previously YTLP goes down below rm2 only after the announcement of PPP windfall tax. subseq it rises up to where it is now
hopefully rise back to >2.6

Yes agree pound movement does impact YTLPOWER share price as almost 50% of the revenue was contributed by WESSEX WATER.
However, last time YTLPOWER dipped below 1.70 was mainly due to IPP WINDFALL tax.

As i have mentioned earlier, the catalyst for YTLPOWER at the moment is the 8 billion cash together with unconverted warrants which total up to be RM 10 BILLION.

So, they can buy up any power plants or water treatment plant.....So we can only determine after the acquisition news come out.

My view is YTLPOWER share quite hard to speculate as i remember one of my frend bought at RM 1.80 AND he sold off at around 1.95 as he told me it is at the peak liaw...

This post has been edited by darkknight81: Mar 11 2010, 08:39 AM

Haha...same as another friend of mine telling me YTLP cannot move further as it has rally from 1.75 to 1.9x. Now he