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 Stock market V23, New PM in the house

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lsmpro80
post Apr 14 2009, 11:56 PM

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QUOTE(zamans98 @ Apr 14 2009, 11:49 PM)
- Short term weakness could be expected given the recent 20%
uptick from the low as well as the larger than expected share issue;

- No official guidance on the time line from the current announcement but
based on recent telecon, management is looking for end 2Q09 for
closure.

- Renounceable rights on a 5:4 basis with an issuance of 4.7 billion new
shares. Post rights, total share outstanding to balloon to nearly 8.5 billion
shares versus 3.8 billion earlier;

Big volume, hard to move. Like Maybank post Right issues - drop a lot, no? 408 --> 3.86?
*
Oh , i see ... yea... but the climb back for the Maybank is fast to break the nerves.

Due to the news that a report says Axiata is going to start issuing the dividend which will only happen in 2011.. sharks, i guess its going to be a real snail climbing up.

or Perhaps it could be a plan to sustain the expansion throughout their asia business investment. but according to their earning its "absolutely well on track" as they claim. With the remaining 2.2 billion repayment to the TM ..

Gosh .. its pretty confusing for their disbursement of fund raising plan..

QUOTE
KUALA LUMPUR, April 13 (Reuters) - Malaysia's mobile phone operator Axiata Group (AXIA.KL: Quote, Profile, Research) will be in a position to start paying dividends in 2011, a local newspaper reported on Monday quoting the company's chief executive officer.

"I'm not declaring this but in 2011, as a total group, we will be cash positive. So we will be in a position to do that," said Axiata's Jamaludin Ibrahim.

Axiata was formerly known as TM International. (Reporting by Varsha Tickoo; Editing by David Chance)


This post has been edited by lsmpro80: Apr 15 2009, 12:02 AM
zamans98
post Apr 14 2009, 11:59 PM

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Q'ed at :

1.45, 1.50, with hope for 10-15% discount from last trade, ie 1.77
lsmpro80
post Apr 15 2009, 12:05 AM

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Based on the DJIA reading now... its really very promising that tomorrow's market going to be red .. 8K barrier alraedy broken ...

Added on April 15, 2009, 12:05 am
QUOTE(zamans98 @ Apr 14 2009, 11:59 PM)
Q'ed at :

1.45, 1.50, with hope for 10-15% discount from last trade, ie 1.77
*
Thanks for the advise.. oh sure


This post has been edited by lsmpro80: Apr 15 2009, 12:05 AM
mememe12
post Apr 15 2009, 12:10 AM

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QUOTE(kmarc @ Apr 14 2009, 11:26 PM)
Not that bad until jumping off a cliff la..... that'll happen when we're in a sinking big boat!  tongue.gif

Hmmmm.... some people are thinking that the US economy may be on the road to recovery, a slow one but still a recovery......  hmm.gif

Gonna unload Resort tomorrow. Made up my mind..... errr..... probably.....
*
lol.. i hope to offload it when it is 2.5 tongue.gif affected by junior83 liao..



This post has been edited by mememe12: Apr 15 2009, 12:12 AM
whizzer
post Apr 15 2009, 12:10 AM

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QUOTE(kb2005 @ Apr 14 2009, 11:55 PM)
Wait and see. It will drop by at least 10-20% at the beginning (based on Maybank-OR).
*
i think we can't jump to the conclusion that all rights issues will respond this way.
mememe12
post Apr 15 2009, 12:12 AM

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erm.. i m quite confusing now.. if i have axiata share now.. what will happen tmr? what OR or price drop.. i m not very sure due to i m still new.. any guidance?
debbieyss
post Apr 15 2009, 12:13 AM

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hi, just want to ask something:

I'm planning to invest Futures in Hong Kong, my brother will be staying there for his study. I wonder if it is possible to let my brother withdraw the money from the bank account which I'm using in Hong Kong, is it possible for him to withdraw the money at his convenience?

Also, if he withdraws the money from this bank account and spend the money in Hong Kong, will there be any commissions charged?
lklatmy
post Apr 15 2009, 12:20 AM

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The reference price tomorrow for Axiata will be 1.77,viz today's closing price.

The reference price tomorrow for Axiata OR will be 1.77 less 1.12,viz 65 sen.

But I believe both will be trading at a lower price due to selling pressure on the first day listing of the OR.
zamans98
post Apr 15 2009, 12:20 AM

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QUOTE(whizzer @ Apr 15 2009, 12:10 AM)
i think we can't jump to the conclusion that all rights issues will respond this way.
*
giving the overall market sentiment is still weak, plus with help of DJIA, we can see RED. I'm picking up at low price, and averaging all the way if reverse trend happens.

Added on April 15, 2009, 12:23 am
QUOTE(lklatmy @ Apr 15 2009, 12:20 AM)
The reference price tomorrow for Axiata will be 1.77,viz today's closing price.

The reference price tomorrow for Axiata OR will be 1.77 less 1.12,viz 65 sen.

But I believe both will be trading at a lower price due to selling pressure on the first day listing of the OR.
*
so, based on your best guess/estimate, what will be the price for tom?

AXIATA-OR will be around 58-62
AXIATA will be around 145-160?

This post has been edited by zamans98: Apr 15 2009, 12:23 AM
debbieyss
post Apr 15 2009, 12:25 AM

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sorry for disturbing...
alooth
post Apr 15 2009, 12:31 AM

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QUOTE(zamans98 @ Apr 15 2009, 12:20 AM)
giving the overall market sentiment is still weak, plus with help of DJIA, we can see RED. I'm picking up at low price, and averaging all the way if reverse trend happens.

Added on April 15, 2009, 12:23 am
so, based on your best guess/estimate, what will be the price for tom?

AXIATA-OR will be around 58-62
AXIATA will be around 145-160?
*
taikin
post Apr 15 2009, 12:31 AM

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AXIATA-OR will be 1.77-1.21 = 0.56
alooth
post Apr 15 2009, 12:32 AM

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Morning guys,

Need your kind explanation on warrants, what will happen if expired. Is it gone with the wind? icon_question.gif

Thanking in advance.
mememe12
post Apr 15 2009, 12:35 AM

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QUOTE(zamans98 @ Apr 15 2009, 12:20 AM)
giving the overall market sentiment is still weak, plus with help of DJIA, we can see RED. I'm picking up at low price, and averaging all the way if reverse trend happens.

Added on April 15, 2009, 12:23 am
so, based on your best guess/estimate, what will be the price for tom?

AXIATA-OR will be around 58-62
AXIATA will be around 145-160?
*
erm.. i dont really get it yet..

what if tmr axiata is 1.45.. then when i bought was 1.82.. is that means that i loss 0.37?

then if i buy axiata-OR.. then at a certain date.. it will convert to mothershare?

sorry bcoz i didn't pay attention during the Maybank-OR
gelxi
post Apr 15 2009, 12:36 AM

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alooth: Yes. You will get nothing if it already expired.
taikin
post Apr 15 2009, 12:43 AM

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QUOTE(mememe12 @ Apr 15 2009, 12:35 AM)
erm.. i dont really get it yet..

what if tmr axiata is 1.45.. then when i bought was 1.82.. is that means that i loss 0.37?

then if i buy axiata-OR.. then at a certain date.. it will convert to mothershare?

sorry bcoz i didn't pay attention during the Maybank-OR
*
when did you buy? before ex-date or after?

if after, yes you have paper loss of 0.37
if before, then tomorrow you have the option to buy 4 shares for every 5 you have, so if you have 1000 units, they will offer you 800 units at price RM 1.21 each (fixed during rights issue announcement)
so in the end you hold more shares in hand but invested more also, no loss or gain

if u buy axiata-or tomorrow, it won't convert, you have to pay for the mothershare when the OR expires.
correct me if i am wrong anyone, if he buys 500 units of axiata-or (500X0.56[assumption axiata-or price tomorrow], when it expires, he has to fork out 500X(eg. 1.61 price of axiata mothershare after expiry date)?

This post has been edited by taikin: Apr 15 2009, 12:46 AM
mememe12
post Apr 15 2009, 12:44 AM

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that means i MUST buy axiata-OR right? if not then is 100% loss right?

but then about the 5:4 ratio.. means that if i hv 1000shares.. how many OR can i buy?
taikin
post Apr 15 2009, 12:48 AM

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again, when did you buy, before 8th april or after?

i am also new to the rights issue and i also hold axiata shares, but this is what i gathered so far.
and there should be a letter flying to you soon apparently, to advise on how to bank in money to buy the issued rights
lklatmy
post Apr 15 2009, 12:49 AM

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QUOTE(mememe12 @ Apr 15 2009, 12:44 AM)
that means i MUST buy axiata-OR right? if not then is 100% loss right?

but then about the 5:4 ratio.. means that if i hv 1000shares.. how many OR can i buy?
*
If your buying price of Axiata is 1.83,then that's the ex-rights issue price.If Axiata trades at say 1.53 tomorrow,then your paper loss is 30 sen per share.

You won't get any OR since you bought ex-RI.
mememe12
post Apr 15 2009, 12:50 AM

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QUOTE(taikin @ Apr 15 2009, 12:43 AM)
when did you buy? before ex-date or after?

if after, yes you have paper loss of 0.37
if before, then tomorrow you have the option to buy 4 shares for every 5 you have, so if you have 1000 units, they will offer you 800 units at price RM 1.21 each (fixed during rights issue announcement)
so in the end you hold more shares in hand but invested more also, no loss or gain

if u buy axiata-or tomorrow, it won't convert, you have to pay for the mothershare when the OR expires.
correct me if i am wrong anyone, if he buys 500 units of axiata-or (500X0.56[assumption axiata-or price tomorrow], when it expires, he has to fork out 500X(eg. 1.61 price of axiata mothershare after expiry date)?
*
i accidentally bought today.. tongue.gif sad.gif

if axiata-or is 0.56 tmr.. then i bought at 0.56.. but when it expires.. the mothershare price is 2.00 and the OR is 0.65(let say) means i hv to fork out 1.35 to convert it to mothershare?

Added on April 15, 2009, 12:51 am
QUOTE(lklatmy @ Apr 15 2009, 12:49 AM)
If your buying price of Axiata is 1.83,then that's the ex-rights issue price.If Axiata trades at say 1.53 tomorrow,then your paper loss is 30 sen per share.

You won't get any OR since you bought ex-RI.
*
dont really understand.. i bought today.. do u mean that i shudn't buy the share today?

This post has been edited by mememe12: Apr 15 2009, 12:51 AM
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