HG Metal    Last:0.565   -

HG Metal a hidden gem ?

hi, need some advices from all the bro here.

I received the letter. info as below:

Number of shares: 3333

Number of Righs shares alloted: 1333

Special dividend: $133.32

May i know what is the special dividend for?

How can i make sure in the end, my number of share is round up to say 5000 shares?

Hope that someone can advise me on how to fill up the form. Paiseh, first time doing such thing. Thanks alot first.

 

thanks, really learn alot in this forum.

 

You are right Johnny. Wait for the forms. All details will be fully explained. There will be an expiry date for the right subscription.

Cheers.

To Donkey - I guess it is not possible to pay via ATM. Strickly Bank Draft. But regulation may change. Please read the appn form closely.

 

johnnytanki, yes . You will be informed at a later date after the trading of rights go ex.

 

so the form or letter which they sent to us is for us to pay 20cents to convert the rights to normal share har? am i correct to say that?

how long will it take to convert har? thanks

 

can we pay for the rights via ATM?  is it the same with excess rights we intend to apply for?  or is it a must to apply by cashier's order? thanks

 

I've received the form.  We've to pay 20cents to subscribe to the rights.  But now it's selling at 18cents, so isn't it better to buy than to subscribe for it?  Advise pls as I'm a newbie...

 

hi johnnytanki, to explain further what tabbykat has mentioned. At this moment, you are entitled to right issue based on your entitlement. The rights to right issue is alloted to you. You can either sell it or convert to share by paying $0.20 per share. Hope this clear your doubt.

 

so that means i cannot trade now right?

but howcome i see the rights allocated in my cdp account liao?

 

I guess its 20cents to subscribe to the rights. Knightrader can confirm this. If so, you need to attach a bank draft of $266.60 together with your application. Bonus issue is free but not Right issue.

To get a clear picture, please wait for the application form which will be sent to you shortly.

 

thanks for the info. may i know when the rights will be converted to share?

Btw, the rights for hg metal, are we entitiled or allocated? that mean if entitiled, we are given free. IF allocated we still need to pay for it. Which one is that? thanks again

 

..HG metal bought some plots of land from JB as reported by BT yesterday, its current px still stagnant at S$0.40 range, but worth to hold  for its gd dividends... vested

 

Johnny, you can now trade your right. Sell your right of 1333 at 19 cents. So you now make a profit of $253 from this sale. Similarly, you can also buy the right from other investor if you want to increase your stake. That's for now. Later, when the rights have been converted to shares, you can still buy odd lots from your broker to round up your holding. Similarly, you can also sell these odd lots.

Cheers.

P.S. I would keep my share and rights. Like what knghtrider had said, this is a good company. Bright prospect for long term investment.

 

bro, i am not very sure about rights and how to play with it? Care to elaborate more? i thought i will be given a letter for option to purchase the alllocated rights?

however now i saw the rights is already started to trade. .. i am a bit blurred

 

Buy the rights, now trading at $0.19 - $0.195, then exercise it and add another $0.20, thus your investment is only $0.39 - $0.395, as what I predicted that after ex-rights cum dividends, its share price should adjusted to S$0.39 ! Good Luck, this is a good company and good management which is generous in giving dividends !

 

hi tabbykat,

Thanks for the advice. So poem online can do that. My gohdirect online can only buy or sell in 1000

 

Hi Johnnytanki,

When you recevie the application, there is a section for "Additional Shares Required" or something like that. You may buy additional share to top up to your existing share to make them in 1000lot. If your case, after exercise your allocation of 1333, you may subscribe for additional share of 667 or 1667 or 2667 etc. Its in the form which you will be receiving soon.



If you application for additonal share is unsuccessful, you can still buy odd lots from the market for make them in 1k lot. Just give your broker a call. Or if you have an online account with POEM, it can be done online under "UNIT SHARE" page.

Cheers

 

Hi Hughsh2004,

So u mean that i can only do that thru my broker? Thanks

 

By PAULINE NG
IN KUALA LUMPUR



STEEL stockist HG Metal plans to fork out nearly RM24 million (S$10.8 million) for five industrial lots in South Johor. The Singapore Exchange-listed company will sign a sales and purchase agreement with Malaysia's UEM Land for the lots at the Nusajaya Industrial Park, in south-west Johor.



HG Metal's decision to buy five out of the eight lots in Phase 2 of the park is a boost to the Malaysian government's Iskandar Development Region initiative in which South Johor is seen as being transformed into a regional logistics hub.

Launched in November, the plan calls for massive investments of over RM300 billion spread over some 25 years, but there has been little by way of progress - at least in public.

But the attraction of HG Metal to the scheme indicates that the Khazanah Nasional-driven initiative is beginning to gather some investment interest.

South Johor is being marketed as a natural choice for land-scarce Singapore businesses. South Johor as a whole complements Singapore's growth strategy with an environment that provides an alternative quality of life that is not readily available in the island state, the national investment agency's website tells potential investors.

While the serious floods which have hit Johor have caused widespread damage, BT understands that investors such as HG Metal have not been put off by the negative publicity. A couple of further announcements can be expected after Chinese New Year, a government official told BT.

Already, the share prices of some South Johor-related stocks have risen in anticipation of developments which are expected to boost their prospects.

One such is Malaysian government-linked UEM World, whose wholly owned unit UEM Land is the master developer for the 24,000 acres of Nusajaya, which is supposed to be transformed into an integrated city. Some analysts believe that the company's shares, which have increased in value by more than 80 per cent this year to about RM3.14, have the potential to hit RM5 if UEM's landbank is valued at prices closer to the Klang Valley.

To this end, all eyes are on a special purpose vehicle by the name of Kota Selat Tebrau which has been formed to develop the Danga Bay waterfront area.

The Edge weekly reported over the weekend that Khazanah is to take the lead in this joint venture with state owned Kumpulan Prasarana Rakyat Johor (KPRJ) and Ekovest boss Lim Kang Hoo.

In November, Khazanah indicated that the joint venture company was to have total assets of RM2.4 billion with land stretching from the Causeway to the Second Link. Efforts to further Johor's cyber ambitions also took a step forward yesterday with the signing of a joint venture agreement between the Johor state and Cyberport Holdings and KPRJ to develop a 150 acre self-contained high tech township in Kulai.

MSC Cyberport, owned 70 per cent by Cyberport Holdings and 30 per cent by KPRJ, will spearhead the development of the IT township.

The company, which also signed a memorandum of understanding with ICT (information and communications technology) fund Malaysia Debt Ventures, said more than 100 ICT firms had applied for special IT status under Malaysia's multimedia super corridor incentives.

 

hi johnnytanki , u may want to consult your remisier / broker on this matter 1st ...