ANNJOO RCPS Right Issue
RCPS listing date : 8/11/16
RCPS price: 50sen (from ANNJOO-PR to ANNJOO - PA)
Duration 8years. (enjoy higher premium)
Conversion : Rm1.30
Mother closing on 7/11/16 is Rm2.12
My sifu coment:
Tomorow 8/11/2016 the PR(form) will come out for trading. However, he did coment that tomorow ANNJOO PR will be around 30-40sen, fair value. if 20sen is cheap. 40sen is premium(too high). He said 40sen ANNJOO PR (current holder) should sell as it is in premium already.
He will NOT buy this round .
He prepare for Dec 2016, this few month major correction, then only will conside ANNJOO-PA if price is around 5x sen. This is because it is redeemable at 50sen after 8years if anything goes wrong.
(low downside risk.).
But, if the mother share perform. They he will earn (more upside).
Click on pic to Enlarge the picture :
Download Form: : http://www.bursamalaysia.com/market/listed-companies/company-announcements/5252381
Other info :
Proposal: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5251761
