If you decided not to pick up the rights between 6 August to 12 August 2014, you have the option to sell your Keuro-OR. On those dates, the Keuro-OR will be traded and you will be allowed to buy or sell your rights options.
For me, I will definitely be picking up the rights and due to this, I have decided to sell some of the DKSH to pick up the shares.
Very recently, the update for Keuro it seems is that it will not be holding Talam Transform's shares and it is disposing part of its almost 30% shareholdings. I have blogged about the need to not hold Talam's shares as it is not the key business for Keuro. It seems that Tan Sri Chan Ah Chye is back into Talam with his son and daughter joining the board of Talam and to which Keuro sold some 230 million shares to the company related to Chan Ah Chye. The price sold is not a good price though i.e. below 10 cents.
While Talam's net book value (revised) is very good, I am not so sure with the old management back at the helm though as it has never been looked positively by property buyers before due to many broken promises in the pasts by the Talam group to its house buyers. In many cases, my mantra is to look upon the management that is supposed to carry the company forward.
IJM it seems is moving away from Talam as well with one of the JV which was planned on a piece of land in Gombak being terminated. However, IJM has gotten what it wanted i.e. the WCE and Rimbayu land.
14 comments:
hi, what is the meaning of ex-rights? how does this work and whats the difference between ex-right and keuro-OR?
Ex-rights means if you buy the shares on and after that date, you will not be entitled for the rights shares and warrants.
Keuro-OR is the rights options which a person is allowed opportunity to trade. This usually is only for a short period of time.
Felicity,
KEURO warrant only valid for 2 years ? I doubt there is any value in the warrant !
Well, look at it this way, the lower the value the better!
Hi Felicity,
Why is the price of Keuro dropped so much today @ 1/08/14? Is it because of the Keuro-OR???
Adjusted for ex-rights, but it dropped further.
Wow, finally meet keuro investor, I am holding Keuro as well. I am planning to subscribe all the rights , and get the free warrants. Who is with me?
pretty disappointed with the price keep dropping. not sure its the right choice to add on and purchase more rights...
what you think felicity?
Hi Ng
This is a long term stock. WCE will not return cashflow until 2018. As for the 40% owned Rimbayu project, it will be returning results with the positive sales progress of that project.
One who puts in money into the rights should be expecting Keuro to be returning a market capitalization of at least RM1.5 billion to be worthwhile in the 5 years time.
Having said that, the concession is a 50 -60 years concession, hence it should be a long term investment than anything else.
Be prepared to boredom though as the share price may not move. I am however confident it will stay at around current price not below RM1.00 in the medium term.
Hi Felicity, how much market cap do u target for Keuro in 5 years time ( aft completion)? Thanks.
If you do double your money in 5 years, it would be considered be successful. Having said that, this is a very long term investment. I would hope to see WCE to be a serious competitor or alternative to PLUS in the long run especially for the route between Klang Valley to Taiping.
As traffic increases and for the vehicles that's travelling from Klang or Shah Alam to the north, this should be a serious alternative.
As from your previos post, u stated RM5b with RM5b in debt seems like a decent number. I would be very happy with a RM10b EV
i had been watching keuro shares 4 years ago and everytime it trying to shoot up, someone or something sure push the price down back again and stagnant there.
which is quiet depressing seeing things that I invested 4 years and no return at all.
I have yet to receive myself. You can contact your remisier or dealer
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