【TA 4898 交流专区】为达企业

ahtan4984

5粒TA 送3粒TA global（RM0.50） and 3粒ICPS（RM0.50），应该是TA global 0.50 x 3粒 = 1.50/5=Rm0.30.
还有icps会在股市买卖吗? 好像 三年后才能转换成普通股，到时需要再加钱转换吗？ 各位大大知道吗？

jonas1981

Need to understand the TAG potential b4 make decision to sell or not. ICPS is something unknown and too "subjective" to predict. just wait and see.....another 7 trading days to make decision. Good luck to all of us....

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原帖由 ahtan4984 于 16-10-2009 05:43 PM 发表
5粒TA 送3粒TA global（RM0.50） and 3粒ICPS（RM0.50），应该是TA global 0.50 x 3粒 = 1.50/5=Rm0.30.
还有icps会在股市买卖吗? 好像 三年后才能转换成普通股，到时需要再加钱转换吗？ 各位大大知道吗？

嗯，也是对喔。。
不过如果是这样，那应该直接跳0.3 个价位啊？？
这可是送的叻，为么这么大的卖压在1.5 ？？

jonas1981

just received a call from friend about the formula and breakeven price on 28/Oct itself. He highly encourage to keep TAE till 28/Oct and "gamble and try the luck" for the TAG due to market outlook is pretty good and construction counters is picking up....BUT Sell the TAE on 28/Oct with not lower than ur breakeven price or "acceptable" price adjustment that might offset from TAG premium that listed on 30/Oct.
Formula....(unit price <the price u bought>*5-3) / 5
Example buying price (RM1.49*5-RM3)/ 5=RM0.89
*RM3=3TAGs@0.50 each+3ICPSs@0.50
**Can anyone study or find out what the ICPS convertable details to TAG mother share and also what is the convertion ratio? Because unable to get from any website and link?Thanks...

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原帖由 jonas1981 于 16-10-2009 06:15 PM 发表
just received a call from friend about the formula and breakeven price on 28/Oct itself. He highly encourage to keep TAE till 28/Oct and "gamble and try the luck" for the TAG due to market outlook is  ...

if sold on 28th oct still can get the free unit?? if i m not wrong, only until 30th oct can get the units..

ahtan4984

今天Hwangdbs 的daily focus 又comments 了 TAE

Comments
TA Enterprise (RM1.40; Buy; Price Target: RM2.10; TAE
MK)
Announces ex-date for TA Global’s dividend-In-specie
TA Enterprise (TAE) has fixed the ex-date for the dividend-In-
Specie of TA Global shares on 28 October 2009 while the
entitlement date is 30 October 2009. To recap, the
distribution is on the basis of three (3) ordinary shares of
RM0.50 each in TA Global Berhad together with three (3)
ICPS of RM0.50 each for every five (5) existing TAE shares
held. The Dividend-In-Specie is part of the proposed listing
exercise of TA Global Berhad, a wholly owned subsidiary of
TAE.
With the announcement of this ex-date, the listing of TA
Global appears to be on schedule for November 09. As
there will be no public issue of TA Global shares, this
represents the last window of opportunity for investors to
gain access to TA Global which is among the largest land
owners in KLCC. We maintain our Buy call on TAE, with a
sum-of-parts derived target price of RM2.10, based on 13x
FY11-12F EPS for the broking business and revaluing its
55% stake in TA Global’s property assets at current market
value.

mac.tay

我6角多也有进，4粒而已～
然后块多卖掉，买wa换母股到现在～

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还是不明白，为何卖压在1.5 这么大？？

mac.tay

以TAE的资产来分析就好鸟，因为不管分多少公司，红股或股息，总资产是不会变的～
目前TAE资产RM1.50（还没有对KLCC的地皮重新估价），TAE估价预料在entitlement前是RM1.80，过后是RM1.80-RM0.50=RM1.30
TAE不会因为分拆TAG而大掉，因为TAE还持有TAG的55％

TAG的RM0.50是没有对外认购的，只有受邀的公司，公众和其他公司是没有办法以RM0.50购买的。开盘应该可以在1周内到RM1.00

TAG的地皮从以前购买到现在重估应该有2-3倍的升值，如果用来发展产业来出售，利润就会再翻1倍＝RM0.50x3x2=RM3.00

5粒TAE=RM7,500（以现在股价RM1.50)
分拆后
5粒TAE=RM6,500（以股价RM1.30)
3粒TAG=RM3,000（以股价RM1.00)
Total=RM9,500

分拆2年后
5粒TAE=RM9,000（以股价RM1.80)
3粒TAG=RM9,000（以股价RM3.00)
Total=RM18,000

ahtan4984

Submitting Merchant Bank	:	AMINVESTMENT BANK BERHAD
Company Name	:	TA ENTERPRISE BERHAD
Stock Name	:	TA
Date Announced	:	16/10/2009

Type	:	Announcement
Subject	:	TA ENTERPRISE BERHAD (“TAE” OR “COMPANY”) (I) Proposed Reorganisation; (II)Proposed Listing of TA Global Berhad on the Main Market of Bursa Malaysia Securities Berhad (“Proposed Listing”); and (III) Proposed Dividend-In-Specie (collectively referred to as the “Proposals”)
Contents	:	-
Announcement Details : We refer to our announcements made on behalf of TAE dated 7 April 2009 and 8 May 2009. AmInvestment Bank Berhad, on behalf of the Board of Directors of TAE, wishes to announce that it had on 16 October 2009 submitted an application to the Securities Commission (“SC”) for a further extension of time of two (2) months from 10 November 2009 to 10 January 2010 for the Company to complete the Proposals. This announcement is dated 16 October 2009

什么意思呢？

mac.tay

惨鸟，重组延后2个月，星期1不懂会不会被丢票？

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原帖由 mac.tay 于 16-10-2009 07:32 PM 发表
惨鸟，重组延后2个月，星期1不懂会不会被丢票？

哇，难怪会一直卡在１．５，公司可真的会炒股。。

mac.tay

他们就是靠炒股吃饭的～
中枪鸟这次，又没有讲延后的原因～

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原帖由 mac.tay 于 16-10-2009 07:41 PM 发表
他们就是靠炒股吃饭的～
中枪鸟这次，又没有讲延后的原因～

有没搞错啊　:@:@

jonas1981

the ex-date still remain @28/Oct and Entitlement date 30/Oct? or further change?

ahtan4984

Maybe no change, TA 上次延长上市 six (6) months from 11 May 2009 to 10 November 2009 for the Company to complete the Proposals, 真正上市是在 23 Nov 2009，所以我猜可能需要再延长approval from Securities Commission (“SC”) 。

please reference back TA announcement in  bursa website at 07/04/2009.

Submitting Merchant Bank : AMINVESTMENT BANK BERHAD   
Company Name : TA ENTERPRISE BERHAD   
Stock Name  : TA   
Date Announced : 07/04/2009   
Type : Announcement
Subject : TA ENTERPRISE BERHAD (“TAE” OR “COMPANY”)
Announcement Details :

We refer to our announcements made on behalf of TAE dated 12 November 2008, whereby the Securities Commission (“SC”) had approved the Proposals via its letter dated 11 November 2008. AmInvestment Bank Berhad, on behalf of the Board of Directors of TAE wishes to announce that an application has been made to the SC for an extension of time of six (6) months from 11 May 2009 to 10 November 2009 for the Company to complete the Proposals.

This announcement is dated 7 April 2009.






&copy; 2009, Bursa Malaysia Berhad. All Rights Reserved.

ahtan4984

先声明我只是用猜的可能需要再延长approval from Securities Commission (“SC”)，关于ICPS，我刚刚才找到 TA 寄来的Notice of extraordinary General Meeting, page 274 有讲到，但我看不大懂， 对不起，英文有限 。哪位大大可以解释一下，谢谢！

mac.tay

我是不会收到的，因为我是HLeBroking Nominee account

ahtan4984

I copy from Notice of Extraordinary General Meeting about ICPS, page 274 - 276,  But  i not very  understand , can someone understand and translate to mandarin.

As i know , the ICPS can converted to ordinary share after 3 year from the date of issue, but it need to paid the money to convert or not?  Thanks

SALIENT TERMS OF ICPS

Issuer

: TA Global Berhad

Issue Price

: RM 0.50 per ICPS

Par value

: RM0.50 per ICPS

Voting Rights
: The ICPS shall carry no right to vote at any general meeting of the Issuer except with regard to:
-
Any proposal to wind-up the Issuer;
-
During the winding-up of the Issuer;
-
On any proposal that affects the rights of the ICPS holders;
-
On a proposal to reduce the Issuer’s share capital; or
-
On a proposal for the disposal of the whole of the Issuer’s property, business and undertaking;
In any such case, the ICPS holders shall be entitled to vote together with the holders of ordinary shares and to 1 vote for each ICPS held

Ranking
: Save for the Voting rights (as set out above), the ICPS shall rank equal in all respects amongst all ICPS and the ordinary shares of the Issuer

Tenure
: 5 years commencing from and inclusive of the date of issue

Maturity Date
: Market Day immediately before the 5th anniversary of the date of issue. “Market Day “means a day on which the stock market of
Bursa Securities is open for trading in securities

Dividend rate
: No dividend shall be payable to ICPS holders

Conversion Price
: RM0.50 per ordinary share in the Issuer and shall be satisfied by way of the mode of Conversion as set out below.

Conversion period
: -The ICPS will not be convertible from the date of issue until the
end of year 3 from the date of issue
-
Commencing after the end of year 3 from the date of issue until the maturity date, the ICPS is convertible into ordinary shares of the Issuer at the Conversion Price
-
Mandatory conversion of all outstanding ICPS held by ICPS holders by the Issuer at Maturity Date
Mode of conversion
: The ICPS are convertible into new Issuer shares during the Conversion period with the following mode of conversion;

                                    
No.of new ordinary shares in issuer = Issue Price x no of ICPS

Conversion Price


Based on the above, no cash outlay is required by the holders of ICPS for the conversion of ICPS into shares.
                                    


All outstanding ICPS as at Maturity Date shall be mandatory converted into new ordinary shares in Issuer as follows:

No.of new ordinary shares in issuer = Issue Price x no of ICPS

Conversion Price

Fraction of new Issuer shares arising from the conversion shall be dealt with at the discretion of the Directors of the Issuer.

Adjustment to Conversion Price and right of conversion:

The Conversion Price and /or number of ordinary shares in the Issuer to be issued arising from conversion of the ICPS will be adjusted, at the determination of the Issuer, in all or any of the following cases:
(i)
an alteration of the par value of ordinary shares in the Issuer by reason of consolidation or subdivision;

(ii)
a bonus issue of fully paid-up ordinary shares by the Issuer;


(iii)
a capital distribution or repayment to shareholders made by the Issuer whether on a reduction of capital or otherwise, but excluding any cancellation of capital which is lost or unrepresented by assets;

(iv)
a right issue of ordinary shares or warrants by the Issuer;


(v)
capitalization of the reserves of the Issuer; or

(vi)
any other circumstances that are deemed necessary.

Under no circumstances will any adjustment result in the Conversion Price falling below the par value of ordinary shares in the Issuer for the time being. No adjustment to the Conversion Price and/or number of ordinary shares in the Issuer to be issued arising from conversion of the ICPS shall be made unless it has been certified by a merchant bank, universal broker or an auditor

Listing
: The ICPS will be listed on the Main Market of Bursa Securities (subject to meeting the Bursa Securities requirement of not less than 100 holders of such securities holding not less than 1 board lot each)

: The new ordinary shares in the Issuer to be issued upon conversion of the ICPS will be listed on the Main Market of Bursa Securities.


Subject to completion of the proposed listing of Issuer on the Main Market of Bursa Securities

Status
: In the event of a winding-up/ liquidation of the Issuer, unless previously converted, all ICPS will be converted by the Issuer into new ordinary shares at the Conversion Price.

Ranking of new shares from conversion:

The new ordinary shares in Issuer to be issued shall, upon allotment and issue, rank pari passu in all respects with the then existing issued ordinary shares except that the new ordinary shares shall not be entitled to any dividends, rights, allotments and/ or other distributions, the entitlement date of which is prior to the date of allotment of the new ordinary shares

Rights to participate in any distribution and or offers of securities:

The ICPS holders will not be entitled to participate in any distribution and/ or offers of securities.

.paylink.

现在TAG到底有没有延后？？