Titijaya and Titijaya PR

Titijaya and Titijaya PR

ALERT:  Duedate to apply TITIJAYA PA is 18 Sept 2017

Overall:

Conversion:
Conversion Option 1 : is 10 PA to 1 mother share

Conversion option 2 : is 1 PA  +RM 1.485 to 1 mother share



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Titijaya PR - (5239PR)

1PR + conversion 0.165 to get Titijaya PA(preference share)

1PA + 1.485 to convert to become Titijaya mother



Titijaya PR（5239-PR）

PR 1sen => 1PR +转换价 0.165获得Titijaya PA（优先股）

1PA + 1.485 转换成Titijaya 母股


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TITIJAYA will split 1:2 later
TITIJAYA  分拆 一变二;


TITIJAYA PA will split too

TITIJAYA PA 分拆 一变二;







Part B: Titijaya Trading days - 5days

Start: 5/9/17
Ceasation date: 12/9/17

Part (C) :Titijaya PR to Titijaya-PA subscription NPA form:

Link:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5532657

Open: this form: TLB - AP and NPA Form (Rights Issue of ICPS) Part 2.pdf 

(page 224)

This below form:

My sifu comment:

Titijaya is a good profitability second tier property development company,and its coming PA will actually provide us a VERY GOOD opportunity to make good money return over next 5 years with very minimum risk,till now it could be considered as once in OUR LIFE TIME, learn from me here and you could be smarter thereafter..for other counters

Titijaya PA : subscription price is 16.5 sen

: Duration is 5 years

: Conversion price is RM 1.65

: conversion option 1 is 10 PA to 1 mother share

: Conversion option 2 is 1 PA + RM 1.485 cash

Please take note that the conversion OPTION 2 has virtually turn PA as a NON-BURNT WARRANT-EQUIVALENT with VIRTUAL EXERCISE PRICE of RM 1.485...if your cost of PA is 17.5 sen each...meaning you are investing in a non-burnt warrant with gearing of 8.57 (1.50/0175) and premium of 10.67%...But the vital part of this investment is that ,it is like warrant providing leveraging effect and yet receiving dividends (Titijaya has paid yearly dividends so far )..so your holding cost will be reduced over next 5 years.... You may take OCR PA as a case study and reference.

FORMULA and DETAIL

Question:
If now I have 20,000 of titijya PR,what should I do ? If change to mother Titijya,how much I earn or lost after need to pay those cash commission and top up charges? Please guide.Tq



First, you need to pay to subscribe PA. Means to change PR to PA.
Then convert from PA to mother.
How much earning and loss depends on the mother price.

1) Convert from PR to PA
Conversion price = RM0.165
Your PR on hand 20,000 units.

If you bought PR at RM0.01,


Total cost you gonna pay (exclude remisers admin fee)
= initial PR cost + subscription for converstion
= (20,000 x 0.01) + (20,000 x 0.165) 
= 200 + 3,300 
= RM3,500

or 

Total PR units x (PR price + converstion price)
=20,000 x (RM0.01+RM0.165)
= RM3,500



2) Convert from PA to mother
If you choose options 2 (1 PA + RM1.485  = 1 mother)

Total cost involve (exclude remisers admin fee)
= 20,000 x RM1.485
= RM29,700