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hawkeye2010 Member	03-Mar-2019 13:56        hawkeye2010 About Contact  Quote this Post!
x 0   x 0  Alert Admin	PE is actually much better after latest quarter results. SGX data for PE has not yet been updated to reflect last Q earnings.    runaway      ( Date: 03-Mar-2019 07:22) Posted: I dont know why we are even talking about this counter. From SGX: Price/Book 2.8,  P/E 186. What do you hope for in this company?
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ysh2006 Supreme	03-Mar-2019 13:43        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Based on previous experience Peter no intention to let public to exercise the warrant...for funding M'sia projects from his source anytime he can get M'sia bank cheap funds... so I thiink in one month's time the wrt will expired better run lah....(I think only) Investor8      ( Date: 03-Mar-2019 13:01) Posted: My 2 cents worth regarding the math and scenario routes for those holding the bonus warrants (BW) and want clarity on what to do next.  This opinion is based on the current TM share price of $0.079/$0.080, BW price of $0.001/$0.002 and the assumption that the piggyback warrants (PW) will be listed eventually. 3 scenarios are presented: (a) Sell BW now (b) Exercise conversion at $0.08 to receive 1 TM mother share and 1 piggyback warrant (PW) for every BW and (c) Hold BW till expiry. Sell BW now &ndash you probably can salvage a sum of $0.001 per BW or, if you are lucky enough, $0.002 per BW.  You can recover something before the expiry date but you will miss any future price appreciation if TM&rsquo s share price shoots up substantially before the BW expiry date.  On the other hand, you will not lose everything if TM&rsquo s share price remains in limbo at $0.079/$0.080 until then. Exercise and convert BW &ndash If you do not want to hold onto the TM shares after conversion, you can likely sell it for $0.079, which means you will lose $0.001 + brokerage on each TM share.  But you will receive 1 PW which will give you a 3-year window period to participate in TM&rsquo s future share price movements (it could go both ways though).  Bear in mind that the exercise price of the PW will be $0.11 instead of $0.08.  The OPPORTUNITY COST of your PW would effectively be the current price of the BW ($0.001 or $0.002) plus your loss of $0.001 + brokerage.  Obviously, if you are lucky enough to sell your TM shares at $0.082 or higher after conversion, your PW OPPORTUNITY COST would effectively be &ldquo zero&rdquo .  Since you will no longer have the BW and if TM&rsquo s share price appreciates before the expiry of the BW, you will not be able to gain from any significant appreciation in the BW price.  However, your PW price will also appreciate, though not in the same linear price relationship compared with the BW. Hold BW until expiry &ndash your opportunity cost is not high since BW is now trading at $0.001/$0.002, unless you have a sizeable number of BW.  You stand to gain a lot if TM&rsquo s share price shoots up before the BW expiry date.  Conversely, your BW will become worthless if TM&rsquo s share price remains in limbo at $0.079/$0.080 until then.  But your risk is limited to $0.001/$0.002.  Since you won&rsquo t get the PW, you will also not be able to participate in the price appreciation of the PW.  However, you can still buy the PW when it is listed, but at what price?  Your guess is as good as mine. I do not know what is going to happen to TM&rsquo s share price from now till BW expiry date.  Olympus had posted several pieces on this forum giving his insights and opinions that may help you decide which route you want to take.  However, as always, caveat emptor &ndash do your own due diligence (DYODD)! Investor8      ( Date: 03-Mar-2019 09:31) Posted: For investors who do not hold TM shares, maybe no reason to buy based on the statistics. But for existing shareholders, they want to know what is going on. My posts did not try to persuade anybody to buy TM shares. Like you rightly pointed out, PE is 186, stock is therefore highly overvalued. So, if anyone is considering buying, DYODD. However, the bonus warrants for TM is going to expire on 24/4/19 (in less than 2 month's time) and many holders are in a dilemma as to whether they want to convert to mother shares or just sell their warrants while they still can. Exercise price is @$0.08 market price is almost the same. So it is a finely balanced consideration. This forum gives members an avenue to seek clarifications and if other forummers can help, why not. So long as there is no misinformation given. In this regard, maybe Olympus may be able to provide a better perspective and explanation to guide bonus warrant holders on the strategy going forward
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Investor8 Master	03-Mar-2019 13:01        Investor8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	My 2 cents worth regarding the math and scenario routes for those holding the bonus warrants (BW) and want clarity on what to do next.  This opinion is based on the current TM share price of $0.079/$0.080, BW price of $0.001/$0.002 and the assumption that the piggyback warrants (PW) will be listed eventually. 3 scenarios are presented: (a) Sell BW now (b) Exercise conversion at $0.08 to receive 1 TM mother share and 1 piggyback warrant (PW) for every BW and (c) Hold BW till expiry. Sell BW now &ndash you probably can salvage a sum of $0.001 per BW or, if you are lucky enough, $0.002 per BW.  You can recover something before the expiry date but you will miss any future price appreciation if TM&rsquo s share price shoots up substantially before the BW expiry date.  On the other hand, you will not lose everything if TM&rsquo s share price remains in limbo at $0.079/$0.080 until then. Exercise and convert BW &ndash If you do not want to hold onto the TM shares after conversion, you can likely sell it for $0.079, which means you will lose $0.001 + brokerage on each TM share.  But you will receive 1 PW which will give you a 3-year window period to participate in TM&rsquo s future share price movements (it could go both ways though).  Bear in mind that the exercise price of the PW will be $0.11 instead of $0.08.  The OPPORTUNITY COST of your PW would effectively be the current price of the BW ($0.001 or $0.002) plus your loss of $0.001 + brokerage.  Obviously, if you are lucky enough to sell your TM shares at $0.082 or higher after conversion, your PW OPPORTUNITY COST would effectively be &ldquo zero&rdquo .  Since you will no longer have the BW and if TM&rsquo s share price appreciates before the expiry of the BW, you will not be able to gain from any significant appreciation in the BW price.  However, your PW price will also appreciate, though not in the same linear price relationship compared with the BW. Hold BW until expiry &ndash your opportunity cost is not high since BW is now trading at $0.001/$0.002, unless you have a sizeable number of BW.  You stand to gain a lot if TM&rsquo s share price shoots up before the BW expiry date.  Conversely, your BW will become worthless if TM&rsquo s share price remains in limbo at $0.079/$0.080 until then.  But your risk is limited to $0.001/$0.002.  Since you won&rsquo t get the PW, you will also not be able to participate in the price appreciation of the PW.  However, you can still buy the PW when it is listed, but at what price?  Your guess is as good as mine. I do not know what is going to happen to TM&rsquo s share price from now till BW expiry date.  Olympus had posted several pieces on this forum giving his insights and opinions that may help you decide which route you want to take.  However, as always, caveat emptor &ndash do your own due diligence (DYODD)! Investor8      ( Date: 03-Mar-2019 09:31) Posted: For investors who do not hold TM shares, maybe no reason to buy based on the statistics. But for existing shareholders, they want to know what is going on. My posts did not try to persuade anybody to buy TM shares. Like you rightly pointed out, PE is 186, stock is therefore highly overvalued. So, if anyone is considering buying, DYODD. However, the bonus warrants for TM is going to expire on 24/4/19 (in less than 2 month's time) and many holders are in a dilemma as to whether they want to convert to mother shares or just sell their warrants while they still can. Exercise price is @$0.08 market price is almost the same. So it is a finely balanced consideration. This forum gives members an avenue to seek clarifications and if other forummers can help, why not. So long as there is no misinformation given. In this regard, maybe Olympus may be able to provide a better perspective and explanation to guide bonus warrant holders on the strategy going forward. runaway      ( Date: 03-Mar-2019 07:22) Posted: I dont know why we are even talking about this counter. From SGX: Price/Book 2.8,  P/E 186. What do you hope for in this company?
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Investor8 Master	03-Mar-2019 09:31        Investor8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	For investors who do not hold TM shares, maybe no reason to buy based on the statistics. But for existing shareholders, they want to know what is going on. My posts did not try to persuade anybody to buy TM shares. Like you rightly pointed out, PE is 186, stock is therefore highly overvalued. So, if anyone is considering buying, DYODD. However, the bonus warrants for TM is going to expire on 24/4/19 (in less than 2 month's time) and many holders are in a dilemma as to whether they want to convert to mother shares or just sell their warrants while they still can. Exercise price is @$0.08 market price is almost the same. So it is a finely balanced consideration. This forum gives members an avenue to seek clarifications and if other forummers can help, why not. So long as there is no misinformation given. In this regard, maybe Olympus may be able to provide a better perspective and explanation to guide bonus warrant holders on the strategy going forward. runaway      ( Date: 03-Mar-2019 07:22) Posted: I dont know why we are even talking about this counter. From SGX: Price/Book 2.8,  P/E 186. What do you hope for in this company?
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runaway Senior	03-Mar-2019 07:22        runaway About Contact  Quote this Post!
x 0   x 1  Alert Admin	I dont know why we are even talking about this counter. From SGX: Price/Book 2.8,  P/E 186. What do you hope for in this company?
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Investor8 Master	02-Mar-2019 19:32        Investor8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	PL had 3.7 billion bonus warrants upon completion of reverse take-over. Don't know how many he now has, but believed to be still a substantial number. Don't think he is going to let it expire worthless. Wish I knew what he plans to do. But a reverse take-over of RSP in the future cannot be written-off. ysh2006      ( Date: 02-Mar-2019 18:30) Posted: So Peter don't need to exercise his warrants and let it expired. . The next thing he will do I think try to get one counter to RTO RSP make it listed like Hatten Land to public so he can get real cash.... Investor8      ( Date: 02-Mar-2019 16:22) Posted: Incidentally RSP Topco is owned and controlled by PL. Presumably, he set up Topco in order to comply with SGX' s requirement to provide a cash alternative to TM shareholders to cash out their unlisted RSP shares. PL originally had close to 90% shareholding in unlisted RSP. Since Topco made the cash offer, this offer also applies to PL' s RSP shares which he also sold to Topco. But he made a separate agreement with Topco whereby Topco was not required to pay him cash upfront for the RSP shares. So in effect, Topco only had to fork out cash for the remaining minority shareholders of RSP.  Ultimately, PL will end up owning 100% of unlisted RSP since Topco is exercising its rights to acquire all the shares of RSP.  Effectively, left pocket to right pocket. Now, those TM shareholders who were hoping to keep the unlisted RSP shares and stake it for a future windfall (if and when RSP applies for a future public listing) no longer has this option.
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ysh2006 Supreme	02-Mar-2019 18:30        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So Peter don't need to exercise his warrants and let it expired. . The next thing he will do I think try to get one counter to RTO RSP make it listed like Hatten Land to public so he can get real cash.... Investor8      ( Date: 02-Mar-2019 16:22) Posted: Incidentally RSP Topco is owned and controlled by PL. Presumably, he set up Topco in order to comply with SGX' s requirement to provide a cash alternative to TM shareholders to cash out their unlisted RSP shares. PL originally had close to 90% shareholding in unlisted RSP. Since Topco made the cash offer, this offer also applies to PL' s RSP shares which he also sold to Topco. But he made a separate agreement with Topco whereby Topco was not required to pay him cash upfront for the RSP shares. So in effect, Topco only had to fork out cash for the remaining minority shareholders of RSP.  Ultimately, PL will end up owning 100% of unlisted RSP since Topco is exercising its rights to acquire all the shares of RSP.  Effectively, left pocket to right pocket. Now, those TM shareholders who were hoping to keep the unlisted RSP shares and stake it for a future windfall (if and when RSP applies for a future public listing) no longer has this option.
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Investor8 Master	02-Mar-2019 16:22        Investor8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Incidentally RSP Topco is owned and controlled by PL. Presumably, he set up Topco in order to comply with SGX' s requirement to provide a cash alternative to TM shareholders to cash out their unlisted RSP shares. PL originally had close to 90% shareholding in unlisted RSP. Since Topco made the cash offer, this offer also applies to PL' s RSP shares which he also sold to Topco. But he made a separate agreement with Topco whereby Topco was not required to pay him cash upfront for the RSP shares. So in effect, Topco only had to fork out cash for the remaining minority shareholders of RSP.  Ultimately, PL will end up owning 100% of unlisted RSP since Topco is exercising its rights to acquire all the shares of RSP.  Effectively, left pocket to right pocket. Now, those TM shareholders who were hoping to keep the unlisted RSP shares and stake it for a future windfall (if and when RSP applies for a future public listing) no longer has this option.
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halleluyah Supreme	02-Mar-2019 14:46        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tks a lot bro investor...appreciated yr help.... Investor8      ( Date: 02-Mar-2019 07:43) Posted: TM did a restructuring. Hive off non-medical assets/businesses to a co. called RSP. Because TM minority shareholders also have an interest in these assets, these unlisted shares were distributed to TM shareholders on a 1:1 basis. Since RSP shares not listed and TM shareholders cannot sell them, some will perceive it to be " worthless" . So SGX mandated that TM must provide a cash alternative. That' s why a cash offer of $0.006006 was extended  by RSP Topco to TM minority shareholders who had the choice to keep the unlisted shares or accept the cash offer. For those who want to keep the unlisted shares (in the hope that RSP may apply for future listing), they need not do anything. Unfortunately for this group, if Topco ends up acquiring 90% or more of RSP shares (which for all intents and purposes was inevitable since PL had already sold his almost 89% RSP shares to Topco), they have the right to " force" this " dissenting shareholders" to sell the RSP shares to them. The only way to avoid selling to them ultimately is to get a Court Order (which is an expensive option and a no-go for dissenting shareholders for obvious reasons). So that is why you get a letter from Topco telling you they are buying out your RSP shares whether you like it or not. Meanwhile, your TM shareholding remains unchanged. In effect, you get paid $0.006006 for each RSP share (which you can treat as a bonus share) and the adjusted cost of your TM share would now be $0.075994 ($0.082 - $0.006006). Hope that clarifies. Dreamer888      ( Date: 02-Mar-2019 05:22) Posted: Can help to enlighten me. Bought at 0.082 in Oct last yr, then received the RSP thingy, yesterday another letter stating confirm must sell. What' s is this RSP and hungry. What happened to my TM shares? I' m new. Thank
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beidou Member	02-Mar-2019 14:34        beidou About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you Investor8.
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Investor8 Master	02-Mar-2019 13:16        Investor8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If I remember correctly, the closing date to accept cash offer is 15 March. Now with compulsory acquisition, they will just buy it from you without you having to accept the offer. But you may receive your money later, although this may not necessary be true since everything is coming together very quickly. beidou      ( Date: 02-Mar-2019 12:16) Posted: Good explanation. Before this, it was very cloudy to me. By the way, when is the closing date? I own some Thomson Medical shares but have not received the offer documents. Where can I seek help? (pl help if you know. Thank you).
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beidou Member	02-Mar-2019 12:16        beidou About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good explanation. Before this, it was very cloudy to me. By the way, when is the closing date? I own some Thomson Medical shares but have not received the offer documents. Where can I seek help? (pl help if you know. Thank you).
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Dreamer888 Member	02-Mar-2019 09:17        Dreamer888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Really appreciate your clarification. With the force sell, that' s mean I don' t hv to reply to them. Just wait for the cheque to arrive in my mail box. Investor8      ( Date: 02-Mar-2019 07:43) Posted: TM did a restructuring. Hive off non-medical assets/businesses to a co. called RSP. Because TM minority shareholders also have an interest in these assets, these unlisted shares were distributed to TM shareholders on a 1:1 basis. Since RSP shares not listed and TM shareholders cannot sell them, some will perceive it to be " worthless" . So SGX mandated that TM must provide a cash alternative. That' s why a cash offer of $0.006006 was extended  by RSP Topco to TM minority shareholders who had the choice to keep the unlisted shares or accept the cash offer. For those who want to keep the unlisted shares (in the hope that RSP may apply for future listing), they need not do anything. Unfortunately for this group, if Topco ends up acquiring 90% or more of RSP shares (which for all intents and purposes was inevitable since PL had already sold his almost 89% RSP shares to Topco), they have the right to " force" this " dissenting shareholders" to sell the RSP shares to them. The only way to avoid selling to them ultimately is to get a Court Order (which is an expensive option and a no-go for dissenting shareholders for obvious reasons). So that is why you get a letter from Topco telling you they are buying out your RSP shares whether you like it or not. Meanwhile, your TM shareholding remains unchanged. In effect, you get paid $0.006006 for each RSP share (which you can treat as a bonus share) and the adjusted cost of your TM share would now be $0.075994 ($0.082 - $0.006006). Hope that clarifies. Dreamer888      ( Date: 02-Mar-2019 05:22) Posted: Can help to enlighten me. Bought at 0.082 in Oct last yr, then received the RSP thingy, yesterday another letter stating confirm must sell. What' s is this RSP and hungry. What happened to my TM shares? I' m new. Thank
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Investor8 Master	02-Mar-2019 07:43        Investor8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	TM did a restructuring. Hive off non-medical assets/businesses to a co. called RSP. Because TM minority shareholders also have an interest in these assets, these unlisted shares were distributed to TM shareholders on a 1:1 basis. Since RSP shares not listed and TM shareholders cannot sell them, some will perceive it to be " worthless" . So SGX mandated that TM must provide a cash alternative. That' s why a cash offer of $0.006006 was extended  by RSP Topco to TM minority shareholders who had the choice to keep the unlisted shares or accept the cash offer. For those who want to keep the unlisted shares (in the hope that RSP may apply for future listing), they need not do anything. Unfortunately for this group, if Topco ends up acquiring 90% or more of RSP shares (which for all intents and purposes was inevitable since PL had already sold his almost 89% RSP shares to Topco), they have the right to " force" this " dissenting shareholders" to sell the RSP shares to them. The only way to avoid selling to them ultimately is to get a Court Order (which is an expensive option and a no-go for dissenting shareholders for obvious reasons). So that is why you get a letter from Topco telling you they are buying out your RSP shares whether you like it or not. Meanwhile, your TM shareholding remains unchanged. In effect, you get paid $0.006006 for each RSP share (which you can treat as a bonus share) and the adjusted cost of your TM share would now be $0.075994 ($0.082 - $0.006006). Hope that clarifies. Dreamer888      ( Date: 02-Mar-2019 05:22) Posted: Can help to enlighten me. Bought at 0.082 in Oct last yr, then received the RSP thingy, yesterday another letter stating confirm must sell. What' s is this RSP and hungry. What happened to my TM shares? I' m new. Thanks newbie19      ( Date: 28-Feb-2019 14:23) Posted: Hi, i m a newbie. Recently i bought 100,000 shares of Thomson Medical and a dividend of 0.025 cent per ordinary share, date payable 28 May 2019. May i know how much cash will i get? Thank you
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Dreamer888 Member	02-Mar-2019 05:22        Dreamer888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can help to enlighten me. Bought at 0.082 in Oct last yr, then received the RSP thingy, yesterday another letter stating confirm must sell. What' s is this RSP and hungry. What happened to my TM shares? I' m new. Thanks newbie19      ( Date: 28-Feb-2019 14:23) Posted: Hi, i m a newbie. Recently i bought 100,000 shares of Thomson Medical and a dividend of 0.025 cent per ordinary share, date payable 28 May 2019. May i know how much cash will i get? Thank you
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kandinsky Master	02-Mar-2019 00:22        kandinsky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hold at 8 cents won't die lah, got more upside than downside. Healthcare sector can only do better with aging population.
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ysh2006 Supreme	01-Mar-2019 19:38        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya BB use the result excuse to unload their purchased shares at 8c to us . Also get the dividend earlier for the 0.025c when they pushed to 8.2c for us to hope!!... kandinsky      ( Date: 01-Mar-2019 16:30) Posted: My prediction is right, a dead horse for today.
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Investor8 Master	01-Mar-2019 16:52        Investor8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	He is right. Piggyback warrants not listed yet. So registrar will send you a physical certificate for the piggyback warrants. Company will apply to SGX for listing when no. of people that converts hit 100. Upon listing, piggyback warrant holders will have to lodge their physical scrips into CDP before they can sell it. Lugx76@      ( Date: 01-Mar-2019 15:41) Posted: Piggyback warrants will not be credited into your Cdp account. You will receive a certificate for it. You need to exercise your bonus warrants in order to receive it. newbie19      ( Date: 01-Mar-2019 15:35) Posted: May i know when will be the piggyback warrants credited into our SGX accounts and can i sell the piggyback warrants. Thank yo
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kandinsky Master	01-Mar-2019 16:30        kandinsky About Contact  Quote this Post!
x 0   x 0  Alert Admin	My prediction is right, a dead horse for today.
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Lugx76@ Member	01-Mar-2019 15:41        Lugx76@ About Contact  Quote this Post!
x 0   x 0  Alert Admin	Piggyback warrants will not be credited into your Cdp account. You will receive a certificate for it. You need to exercise your bonus warrants in order to receive it. newbie19      ( Date: 01-Mar-2019 15:35) Posted: May i know when will be the piggyback warrants credited into our SGX accounts and can i sell the piggyback warrants. Thank you Investor8      ( Date: 01-Mar-2019 12:57) Posted: Newbie on this forum. Just for everyone' s interest, piggyback warrants only valid for 3 years from now (not 4 years) and will expire on 24/4/2022. Start date calculated from date bonus warrants were issued. DYODD.
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