Haha I thought you sold ur REIT today?

Nanti nanti..

I give you 10kg peanuts..

Boleh 'cut' mah.. then no need dom dom..

So.. Ah Boon's writeup mana?

Must pay every year until expiry of preference shares or shares redeemed at fixed price of RM1.

Even company losing money etc.. also must pay one, like bond.



This post has been edited by gark: Mar 3 2015, 11:57 AM

http://www.intellecpoint.com/2015/03/insas-pa.html

Calculated Insas-PA at 8.65% interest rate..

If you see the history of Insas-LA (Loan stock), Insas has been paying interest consistently from 2002 until 2007.

Lets see the what is the profile of Insas-PA in the prospectus... on the payment.

Interest rate : 4% paid every 6 months (5 years)
Redeemable at RM 1 by Insas ANYTIME before maturity
Cannot convert to Insas Shares
Can combine Insas-PA with Insas-Wa in exchange for 1 Insas ordinary share
No voting rights

On the consistency of dividends.

1. Priority dividend compared to other shareholders
2. In case of insolvency, the RM 1 is in preference to be paid, ordinary shareholders get nothing

Remember interest payment = No Tax but no e-dividend also, they send check to your house..

A lot of people dont know this but you can combine 1 LA + 1 WA = 1 new share..

Might have some arbitage oppurtunity here..

No no...

If you subscribe the Insas-PR @ RM 1 you get 1xInsas-PA + 2xInsas-WA

If you buy Insas-PA now from the open market.. you only get the PA and not the WA...

WA have to buy separately..

This post has been edited by gark: Mar 3 2015, 01:22 PM

Not as safe as FD tho...

Dividend is not guaranteed as you say.. but RM 1 redemption value is guaranteed.

I m0ore interested in the WA.. PA have to wait 5 years.. too long for me.

This post has been edited by gark: Mar 3 2015, 02:12 PM

1. 2% every 6 months = 4% per year

2. If cannot pay dividend, will not be accrued (unless company redeem PA). This will not happen unless company in big financial trouble..

This post has been edited by gark: Mar 4 2015, 01:21 PM

Calculate warrant value have to use black-scholes formula (can find online calculator ).. cause of time value of warrant.

This post has been edited by gark: Mar 4 2015, 01:22 PM

Can lawan majority shareholder kah?

Big fish eat small fish ooooo...

Big rock.. crush small crab...

well you get the idea...

This post has been edited by gark: Mar 4 2015, 01:26 PM

Kaisu saves you from becoming bankrupt..

There are two ways you can convert the WA...

1. Buy 1 WA and subcribe and pay RM 1 to get 1 new share

2. Buy 1 WA and 1 PA and surrender the PA to get 1 new share

You cannot redeem the PA for RM 1, only THE COMPANY have the option to redeem it ANYTIME or after expiry.

This post has been edited by gark: Mar 4 2015, 04:51 PM

Travel in MAS plane recently.. food sucks.. I have nasi lemak.. cannot eat one. Meat dry like leather.. rice 2 tablespoon , 2 piece cucumber, a FEW nuts and a couple of sorry looking bilis.

Buy RM 1 nasi lemak from mamak taste much better.

Or... eat AirAsia nasi lemak also taste 100x better than MAs...

Really jatuh standard.

This post has been edited by gark: Mar 4 2015, 04:55 PM

Kenot. otherwise wont be selling at RM 0.8x...

Wait 5 years then can redeem..

or. Combine with WA and can redeem the RM 1 PA into new share

This post has been edited by gark: Mar 4 2015, 04:56 PM

That is why SGD > MYR ...

That's why i fast leg fast hand sold all my PR .. after reading the proposal

http://announcements.bursamalaysia.com/EDM...0Prospectus.pdf

Page 43

This post has been edited by gark: Mar 4 2015, 05:12 PM

I wont pay RM 15 for that... but then hor.. might be expensive because have to fator in transport etc etc... probally cost less than RM 10.

Comparison Airasia charge RM 15/pack also can make money already...