Thank you. Now at the price of 0.66/0.67...looks like I hv no choice
but to keep it. Dunno how long to wait for it to shoot up.
Hoping it don't go down further.
investor38 ( Date: 07-Sep-2012 12:37) Posted:
Sorry to hear about your paper loss. This is a very speculative counter. Always dangerous to buy following a run-up. Long term, the company is doing well. I have been vested since the US financial crisis and I have not been dissappointed. Palm oil as a commodity will always be in demand. But more importantly, is ," Has the company been profitable and well-run?" So far it has not dissapoint me..
The bond issue should not worry you at all. Even when fully converted to shares, it will constitute only 3.9% of the company share capital. As mentioned, at 90 cents , this is about 34 % from current levels!
What is most import to me is whether management will make use of these capital wisely for more strategic acquisitions and hence enhance the value of the company.
Tropical ( Date: 07-Sep-2012 12:12) Posted:
Is it a good thing? Sorry to ask as I don't understand abt the bond things.
Quite worry as I vested n bought @0.74 last month. Now made a loss of
0.07 cts. 
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Sorry to hear about your paper loss. This is a very speculative counter. Always dangerous to buy following a run-up. Long term, the company is doing well. I have been vested since the US financial crisis and I have not been dissappointed. Palm oil as a commodity will always be in demand. But more importantly, is ," Has the company been profitable and well-run?" So far it has not dissapoint me..
The bond issue should not worry you at all. Even when fully converted to shares, it will constitute only 3.9% of the company share capital. As mentioned, at 90 cents , this is about 34 % from current levels!
What is most import to me is whether management will make use of these capital wisely for more strategic acquisitions and hence enhance the value of the company.
Tropical ( Date: 07-Sep-2012 12:12) Posted:
Is it a good thing? Sorry to ask as I don't understand abt the bond things.
Quite worry as I vested n bought @0.74 last month. Now made a loss of
0.07 cts.
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Is it a good thing? Sorry to ask as I don't understand abt the bond things.
Quite worry as I vested n bought @0.74 last month. Now made a loss of
0.07 cts.
mho, sell if u in profit.
wait till fomc over then decide buy or sell further.
wesely2k ( Date: 07-Sep-2012 10:16) Posted:
| So.......is buy or dont't buy ??? Hahahh..... |
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Issue Size : US$400,000,000 in aggregate principal amount of
Convertible Bonds.
Issue Price : 100 per cent. of the principal amount of the
Convertible Bonds.
Form and Denomination : The Convertible Bonds will be issued in registered
form in the denomination of US$200,000 each.
Settlement and Payment : Subject to fulfilment of the conditions set out in the
Subscription Agreement, settlement and payment for
the Convertible Bonds is expected to take place on or
about 4 October 2012 (the " Closing Date" ) or such
other date as the Company and the Joint Lead
Managers shall agree.
Interest : The Convertible Bonds will bear interest at the rate of
2.50 per cent. per annum, payable semi-annually in
arrears.
Maturity Date : 4 October 2017 (the " Maturity Date" ).
Yield to Maturity : 2.50 per cent. per annum, calculated on a semi-annual
basis.
Initial Conversion Price : S$0.8896 for each new Share (using a fixed exchange
rate of S$1.2479 : US$1.00) (the " Initial Conversion
Price" ).
Conversion Premium : 28 per cent. over the closing price of the Shares
quoted on the Singapore Exchange Securities Trading
Limited (the " SGX-ST" ) on 5 September 2012, which
was S$0.695.
Conversion Period : Convertible at the option of the holder of each
Convertible Bond (the " Bondholder" ), at any time on
and after 14 November 2012 up to the close of
business (at the place where the bond certificate
evidencing such Convertible Bond is deposited for
conversion) on 27 September 2017 (but, except as
provided in the Terms and Conditions, in no event - 3 -
thereafter), or if such Convertible Bond shall have
been called for redemption before 27 September 2017,
then up to the close of business (at the place aforesaid)
on a date no later than seven business days (at the
place aforesaid) prior to the date fixed for redemption
thereof.
If the conversion date in respect of a Convertible
Bond would otherwise fall during a Book Closure
Period, such conversion date shall be postponed to the
first Stock Exchange Business Day after the expiry of
such Book Closure Peri
" Bond issues are not right issues. It's optional if existing shares holder like to take them up.
The bond conversion is set at a premium to the existing price at ~0.90 .
Hope it helps." Yes. But just wondering the bond is fully redeemable or irredeemable.
thanks, when will they lift the trading halt?
InvestNotTrade ( Date: 06-Sep-2012 13:48) Posted:
http://www.reuters.com/article/2012/09/06/goldenagri-convertibles-idUSL4E8K613A20120906
inca
in case u haven saw... oops, hopefully no meltdown then.
ragmop15 ( Date: 06-Sep-2012 13:05) Posted:
| where is the link to the news? thank |
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Bond issues are not right issues. It's optional if existing shares holder like to take them up.
The bond conversion is set at a premium to the existing price at ~0.90 .
Hope it helps.
edchai ( Date: 06-Sep-2012 13:35) Posted:
Oops .... means existing shareholders have to pump in more money ?
merlin_magic ( Date: 06-Sep-2012 12:50) Posted:
| most likely issuing convertible bonds to raise fund.... If that is the case, there won't be a positive impact on the share px...most likely going down...sian |
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http://www.reuters.com/article/2012/09/06/goldenagri-convertibles-idUSL4E8K613A20120906
inca
in case u haven saw... oops, hopefully no meltdown then.
ragmop15 ( Date: 06-Sep-2012 13:05) Posted:
where is the link to the news? thanks
merlin_magic ( Date: 06-Sep-2012 12:50) Posted:
| most likely issuing convertible bonds to raise fund.... If that is the case, there won't be a positive impact on the share px...most likely going down...sian |
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Oops .... means existing shareholders have to pump in more money ?
merlin_magic ( Date: 06-Sep-2012 12:50) Posted:
| most likely issuing convertible bonds to raise fund.... If that is the case, there won't be a positive impact on the share px...most likely going down...sian |
|
where is the link to the news? thanks
merlin_magic ( Date: 06-Sep-2012 12:50) Posted:
| most likely issuing convertible bonds to raise fund.... If that is the case, there won't be a positive impact on the share px...most likely going down...sian |
|
most likely issuing convertible bonds to raise fund.... If that is the case, there won't be a positive impact on the share px...most likely going down...sian
omg. i spotted this company like sakari. wanted to wait and buy it after market cool down. M& A again. argh. lol
Think is merger and acqusition.. some financial term. Haha.
Tropical ( Date: 06-Sep-2012 12:02) Posted:
| May I know what is M & A? Another one like Sakari? Thks.
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