Koh Eco    Last:0.137    -0.003

Koh Eco - a Promising E&C company

Thank you so much for your explanation!

Upz123      ( Date: 31-May-2017 18:07) Posted: Rights issue : 2 rights for every 5 shares at $0.055+ a free detachable warrant. Say if you hv 5000 shares of Koh Eco now. U are entitled to hv 2000 of rights + 5000 warrants. For the rights , u can :- 1. Exercise the rights to convert it into shares, at a cost of $0.055/ share. Hence, if u want to convert all the 2000 rights  into shares, u need to pay 2000*$0.055=$110.  Your total holdings will be 7000 shares , after the right exercise. . 2. U can sell your rights ( nil-rights ) during right trading ( watch out for the dates to be announced later). It typically has a value, and if u sell away, u can get some $ back.  Your total share holding remained as 5000 shares, after the right exercise. 3. U can choose not to do anything. In this case, your right will just expire , with u getting nothing.  Share holding remained at 5000 shares. It is wiser to do either opt 1 or 2... unless your holding is so small that u can choose to ignore this right exercise since the $ impact is not a lot.

 

Rights issue : 2 rights for every 5 shares at $0.055+ a free detachable warrant.

Say if you hv 5000 shares of Koh Eco now. U are entitled to hv 2000 of rights + 5000 warrants.

For the rights , u can :-

1. Exercise the rights to convert it into shares, at a cost of $0.055/ share. Hence, if u want to convert all the 2000 rights  into shares, u need to pay 2000*$0.055=$110.  Your total holdings will be 7000 shares , after the right exercise.
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2. U can sell your rights ( nil-rights ) during right trading ( watch out for the dates to be announced later). It typically has a value, and if u sell away, u can get some $ back.  Your total share holding remained as 5000 shares, after the right exercise.

3. U can choose not to do anything. In this case, your right will just expire , with u getting nothing.  Share holding remained at 5000 shares.

It is wiser to do either opt 1 or 2... unless your holding is so small that u can choose to ignore this right exercise since the $ impact is not a lot.

 

 

Me too. im a newbie also. dunno hows the rights and warrant work. T.T

 

Sorry i am very new at trading. Can someone please explain the rights, how it works, the timeline and how we can expect it to impact this counter going forward? I read the announcement but not too familiar :(

 

Good good.. My current holding ave px is on the high side.  So just watch on the sideline first.  Hope this rights issues can subsequently translate to good news

lifeisgood      ( Date: 30-May-2017 09:29) Posted: Yes, nibbling. Upz123      ( Date: 30-May-2017 09:15) Posted: Are u still accumulating

 

Yes, nibbling.

Upz123      ( Date: 30-May-2017 09:15) Posted: Are u still accumulating ? lifeisgood      ( Date: 30-May-2017 09:09) Posted: Today sell queue very very short. Wondering where are all the sellers?

 

Are u still accumulating ?

lifeisgood      ( Date: 30-May-2017 09:09) Posted: Today sell queue very very short. Wondering where are all the sellers?

 

Today sell queue very very short. Wondering where are all the sellers?

 

After the 2 for 5 rights issue, the theoretical ex-rights price should be around 81 cents (from the day the rights was announced). The market seems to be trading towards the ex-rights price. 

However, between now and the rights issue could be at least another 2-3 months. I expect some contracts announcement, or results release maybe in July or August for the first half year should provide a price impetus for another major play. Stay tuned. 

rheng87      ( Date: 29-May-2017 20:44) Posted: good to hear that you are still around! yea agree. i am eagerly awaiting for the 2017H1 result in Aug..  lifeisgood      ( Date: 29-May-2017 20:13) Posted: I am still vested. Very thinly traded recently. Waiting to subscribe to the rights.

 

good to hear that you are still around! yea agree. i am eagerly awaiting for the 2017H1 result in Aug.. 

lifeisgood      ( Date: 29-May-2017 20:13) Posted: I am still vested. Very thinly traded recently. Waiting to subscribe to the rights.  rheng87      ( Date: 29-May-2017 19:12) Posted: Anyone still vested in this?

 

I am still vested. Very thinly traded recently. Waiting to subscribe to the rights. 

rheng87      ( Date: 29-May-2017 19:12) Posted: Anyone still vested in this?

 

Anyone still vested in this?

 

Now they booked all the 89. Regret did not queue at 85 and 86 earlier just now, when there was a small dump off. 

 

Over the last few weeks, Koh Eco share price tracks Chasen very well. Today Chasen is up 2.9%. Hopefully, this one will follow and go up also.

 

Normally investors dont like rights issue. But this one is a relatively small issue. I am quite impressed there is no major selldown. Maybe even go higher ?

 

Yes thats correct. So it is really the parent Koh Bros wants to pump more equity into its subsidiary Koh Eco in order to beef up its equity base which will allow Koh Eco to take on larger projects. 

 

Thanks, lifeisgood !

So the total rights is 299M , valued $16.5M $0.055/share.  Since Koh Bro owns 65%, they will hv to come out with $10.8M to  subscribeto the rights. That means, the amount from public pool is only $5.8M. Am I right ?

lifeisgood      ( Date: 16-May-2017 09:47) Posted: Yes, in the following paragraph: The Company also proposes to issue one (1) Warrant for every Rights Share validly subscribed for no consideration receivable by the Company and exercisable at the Exercise Price during the exercise period, which shall be from and including the date of issue of the Warrants and expiring at 5.00 p.m. on the date immediately preceding the 3 rd (third) anniversary of the date of issue of the Warrants

 

Yes, in the following paragraph:

The Company also proposes to issue one (1) Warrant for every Rights Share validly subscribed for no consideration receivable by the Company and exercisable at the Exercise Price during the exercise period, which shall be from and including the date of issue of the Warrants and expiring at 5.00 p.m. on the date immediately preceding the 3 rd (third) anniversary of the date of issue of the Warrants

 

Agreed.  Since the raising cash is meant for working capital , it represents more profit oppt.  BTW, glanced thr the announcement.. can' t find the warranty expiry date. Can u ?

lifeisgood      ( Date: 16-May-2017 09:16) Posted: I think it is better than raising money through debt, as the interest cost will eat into the profitability of the projects. Once the company built up sufficient equity through shareholder paid up capital (like rights issue) and retained profits, the company can venture into more projects. Should be very good for the future, and since the rights price is at the same price as the parent koh brothers original entry price, it is not bad at all.

 

I think it is better than raising money through debt, as the interest cost will eat into the profitability of the projects. Once the company built up sufficient equity through shareholder paid up capital (like rights issue) and retained profits, the company can venture into more projects. Should be very good for the future, and since the rights price is at the same price as the parent koh brothers original entry price, it is not bad at all.