Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
if 9.8 ringgit...they should utilize the tremendous asset in generating more profit...their nta was (total equity 24.769m - minority interest 0.956m) / 244.2m units = rm0.0975
im also would be suprised if it is real...just checking on its report that showing the value in sen unit...by the way, looks like the share is correlated with cpo future price...it is a nice element in trend following of related derivative for share trading
Oh okay i will try...the methods to convert it are mainly in two ways, the top up cash method or without cash by consolidating 10 preferred shares into 1 ordinary share...when the mother share down to 0.25...its pa also down to 0.025 as the lowest, someone took an opportunity to sell when the mother share rise above 0.25...for example 200,000 pa units to be converted into 20,000 ordinary units...200,000 x 0.025 = $5,000 | 20,000 x 0.25 = $5,000...if mother price > 0.25, it is an arbitrage profit
An out of money preferred share conversion...but it may had the arbitrage opportunity using conversion method 1:10 (without cash) when the mother share was volatile
it is just os not a writ and there were nothing wrongs with its party...it was just another side party having difficulty in their controllable assets that causing them wanting to break the knot