GPacket, plain discussion
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 Oct 2 2009, 10:29 AM
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VIP
37,028 posts Joined: Jan 2003 From: Petaling Jaya 
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QUOTE(Neo18 @ Oct 2 2009, 10:27 AM) I got 50200 FREE unit of warrant!! i think Gpacket is standing a big portion in your portfolio, followed by Hektar reits meaning, my profit is RM11044!!! tempting to add more la..hahaha   This post has been edited by panasonic88: Oct 2 2009, 10:29 AM |
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Oct 2 2009, 10:33 AM
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Senior Member
1,850 posts Joined: Jan 2003 
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QUOTE(panasonic88 @ Oct 2 2009, 10:29 AM) i think Gpacket is standing a big portion in your portfolio, followed by Hektar reits Gpacket is no. 5!!! hahaha..now maybe no.4, with the warrant and unit coming into my acc Top 5 list:- 1.AXREIT 2. HEKTAR 3. ATRIUM 4. Gpacket 5. Tanjong |
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Oct 2 2009, 07:37 PM
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Junior Member
263 posts Joined: Jan 2009 From: Penang
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I dont understand something, is it free warrant when exercising the right issue? or when holding the shares?
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Oct 2 2009, 10:37 PM
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Senior Member
2,211 posts Joined: Sep 2009 From: Kuala Lumpur
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In this world ... not many things are Free more so here.
The right and the warrant are bunddle together. The stock price had being diluted by the right and warrant as net wise no new value had being created by the process. |
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Oct 3 2009, 09:34 AM
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Junior Member
263 posts Joined: Jan 2009 From: Penang
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oh, so you mean it gives 1 free right issue and 1 free warrant for those that bought gpacket before the ex date right? when gpacket was about 85sen?
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Oct 3 2009, 11:01 AM
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Senior Member
2,211 posts Joined: Sep 2009 From: Kuala Lumpur
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If my memory is right the bundle cost RM0.50 and the price was around RM0.70 so an investment of RM1.20
Now you get 2 share and 1 warrant that work out to be 2 x Rm0.70 + RM 0.22 = RM1.62 for a profit of RM0.42 which is very good |
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Oct 3 2009, 01:10 PM
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Junior Member
12 posts Joined: Sep 2008 From: Bukit Bintang, Kuala Lumpur
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Just a quick question, do I still own the free warrants if I sell the rights-turned-ordinary shares?
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Oct 3 2009, 01:52 PM
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Junior Member
392 posts Joined: Sep 2004 From: Klang
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still good time to join in?
im looking at the price of 0.6+, should be joining in this week if reach my price... my feeling, it has good prospect in future! |
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Oct 3 2009, 06:48 PM
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Senior Member
2,549 posts Joined: Dec 2004 From: Sungai Petani, Kedah
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QUOTE(Neo18 @ Oct 2 2009, 10:27 AM) I got 50200 FREE unit of warrant!! How many lot of mothershare u have in order to this this unit of warrant. How much you had loss from the mothershare?meaning, my profit is RM11044!!! tempting to add more la..hahaha |
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Oct 3 2009, 09:14 PM
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Junior Member
119 posts Joined: Apr 2009
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QUOTE(rosdi1 @ Oct 3 2009, 11:01 AM) If my memory is right the bundle cost RM0.50 and the price was around RM0.70 so an investment of RM1.20 hmm.. I think the calculation should be like that, let said you have 2 unit of mother share:Now you get 2 share and 1 warrant that work out to be 2 x Rm0.70 + RM 0.22 = RM1.62 for a profit of RM0.42 which is very good 2 x Rm 0.85 (if u buy at this price) + Rm0.50 = Rm2.2 Rm2.2 / 3 = Rm0.73 per unit of share, now market price is Rm0.70 so still losing Rm0.03 for 3 unit that you hold. With the attachable warrants of 1 unit for two mother share, Rm0.22 - Rm 0.09 = Rm0.13 The earning is only Rm0.13 for 3 unit of share you hold right now. Only 1 share entitle for 2 mother share you hold, and u bought another unit at Rm0.50 price This post has been edited by paylink: Oct 3 2009, 09:19 PM |
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Oct 4 2009, 12:09 AM
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Senior Member
2,211 posts Joined: Sep 2009 From: Kuala Lumpur
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QUOTE(paylink @ Oct 3 2009, 09:14 PM) hmm.. I think the calculation should be like that, let said you have 2 unit of mother share: Hey You are right...Old man don't have good memory' 2 x Rm 0.85 (if u buy at this price) + Rm0.50 = Rm2.2 Rm2.2 / 3 = Rm0.73 per unit of share, now market price is Rm0.70 so still losing Rm0.03 for 3 unit that you hold. With the attachable warrants of 1 unit for two mother share, Rm0.22 - Rm 0.09 = Rm0.13 The earning is only Rm0.13 for 3 unit of share you hold right now. Only 1 share entitle for 2 mother share you hold, and u bought another unit at Rm0.50 price This was the announcement: RENOUNCEABLE RIGHTS ISSUE OF UP TO 208,320,775 NEW ORDINARY SHARES OF RM0.20 EACH IN GPB (“RIGHTS SHARES”) TOGETHER WITH UP TO 208,320,775 FREE DETACHABLE NEW WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) RIGHTS SHARE WITH ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.20 EACH IN GPB HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“RIGHTS ISSUE”) At RM 0.13 profit for investment of RM2.20 will just able to pay for the trouble Added on October 4, 2009, 12:15 am QUOTE(wiiwangwang @ Oct 3 2009, 01:10 PM) Just a quick question, do I still own the free warrants if I sell the rights-turned-ordinary shares? This was the full announcement:Announcement Details : QUOTE On behalf of the Board of Directors of GPB (“Board”), OSK Investment Bank Berhad (“OSK”) wishes to announce that the Board had on even date resolved to fix the following prices for the securities to be issued pursuant to the Rights Issue as follows:- (a) The issue price for the Rights Shares is fixed at RM0.50 per Rights Share; and (b) The exercise price of the free detachable Warrants to be issued pursuant to the Rights Issue is fixed at RM0.95. The aforementioned issue price of RM0.50 per Rights Share was arrived at after taking into consideration the five (5)-day weighted average market price of GPB shares as traded on Bursa Malaysia Securities Berhad from 6 August 2009 up to and including 12 August 2009 of RM0.85 per share. The issue price represents a discount of RM0.23 per share or approximately 31.5% to the theoretical ex-rights price of RM0.73. The aforementioned exercise price of RM0.95 per Warrant was arrived at after taking into consideration the theoretical ex-rights price of GPB shares of RM0.73. The said exercise price represents a premium of RM0.22 per Share or approximately 30.1% to the theoretical ex-rights price of RM0.73. The proposed utilization of proceeds from the Rights Issue at the issue price of RM0.50 per Rights Share remains the same as per the circular to shareholders dated 10 July 2009. Based on the exercise price of Warrants of RM0.95 per share, the total proceeds to be raised from the exercise of the Warrants (as and when the Warrants are converted into shares) will be used for the working capital requirements for the GPB Group. This announcement is dated 13 August 2009. That explain it This post has been edited by rosdi1: Oct 4 2009, 12:15 AM |
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Oct 5 2009, 10:20 PM
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Newbie
2 posts Joined: Jul 2009
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I have received letter from Symphony regarding the Right Subscription Form is being rejected because they received it on 23/09/2009 ( 9 days late, I have submitted RSF on 14/09 by normal POS ). so sad this cause my loss incur. guys, anyone can give an advice on how to handle RSF? is it safe to use POSLAJU? thanks.
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Oct 5 2009, 11:56 PM
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Senior Member
633 posts Joined: Jan 2006 
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QUOTE(kwitt @ Oct 5 2009, 10:20 PM) I have received letter from Symphony regarding the Right Subscription Form is being rejected because they received it on 23/09/2009 ( 9 days late, I have submitted RSF on 14/09 by normal POS ). so sad this cause my loss incur. guys, anyone can give an advice on how to handle RSF? is it safe to use POSLAJU? thanks. Normally I use pos express. So far no problems but I dun leave it until last minute. If possible hand carry(best option_) |
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Oct 6 2009, 12:41 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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Don't use ordinary post for those important stuff especially need to meet the dateline one.
At least registered the mail, or courier it. Somemore it is festival season in Sept. |
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Oct 6 2009, 08:51 AM
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Senior Member
594 posts Joined: Jan 2003 From: KL
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I didn't need to fill out any form at all. I just called Maybank Stocks customer service and inform them I want to subscribe to the rights, and made sure I have enough money in my account.
Neo must be very, very happy with the stock's performance the last 2 trading days.  |
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Oct 6 2009, 09:09 AM
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Junior Member
12 posts Joined: Apr 2009
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I only hold 6 unit , AVR 0.73. Warrant do surprise me , it reach 0.28 today . Maybe will sell it at 0.30 .
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Oct 6 2009, 10:44 AM
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Senior Member
594 posts Joined: Jan 2003 From: KL
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I have 80,000 units of the mothershare at average RM0.67 after selling my 15,000 warrants yesterday at RM0.27.
Neo has much, much more and is a long-term investor of Gpacket. |
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Oct 6 2009, 11:00 AM
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Senior Member
2,211 posts Joined: Sep 2009 From: Kuala Lumpur
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QUOTE(wirelessdude @ Oct 6 2009, 10:44 AM) I have 80,000 units of the mothershare at average RM0.67 after selling my 15,000 warrants yesterday at RM0.27. Well done my friend .. realising/ Cashing Profit is most important in any investment. Neo has much, much more and is a long-term investor of Gpacket. No point to just see a paper profit evaporating to thin air later. |
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Oct 7 2009, 12:01 PM
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Senior Member
1,850 posts Joined: Jan 2003
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QUOTE(wirelessdude @ Oct 6 2009, 10:44 AM) I have 80,000 units of the mothershare at average RM0.67 after selling my 15,000 warrants yesterday at RM0.27. i have 150000 unit @ ABP 0.686 + 50200 free warrantNeo has much, much more and is a long-term investor of Gpacket. i think now already RM15k profit |
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Oct 8 2009, 11:05 AM
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Senior Member
663 posts Joined: Apr 2005
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gpacket goreng MALI !!
pbb only just creidted the warrant and extra share into my account today ... really pros and cons la dealing through a nominee account |
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