ABRIC大老板持续在高价买入?!

这几天在ABRIC的文告里,会出现很多关于公司股东或董事的股权变更文告。这主要是因为特别股息逼近,手中持有凭单的大股东和董事们,都陆陆续续地把手中的拼单给转换成母股了。

在一系列的凭单转换文告中,“隐藏”着另外一个文告,没留意的话,可能会漏掉。什么文告这么重要呢?见下图:

20150118 图 - ABRIC Acquisition

是的,没错。公司大股东 – Dato Ong Eng Lock,也是公司的Executive Chairman,竟然在1月13号,以RM0.73的超高价买入ABRIC共400,000股。Dato目前为止,最新的持股量为:

20150118 图 - ABRIC Director Holdings

直接持有3百万股,和间接(通过ABRIC Capital Sdn. Bhd.)持有近3千5百万股。

公司老板以高价买入,身为小股东的我们,是否应该学他,在RM0.73的价格左右,持续扫货,增持下去?但手中已经持有很多ABRIC的票了啦~ 小陈一半的Portfolio,都押在ABRIC了,再增持的话,恐怕卖不出了。见下图:

20150118 图 - CK Portfolio

 

哈哈,单单ABRIC就净赚RM400多千,620%?开玩笑,一切只是幻觉,因为近期小陈转换了凭单,导致整个ABRIC的平均买入价格给弄乱了,被压低了许多。CIMB的平台在这方面做的不够完善,无法根据公司企业活动或凭单转换,而自动调整客户投资组合,以显示正确的数据。

有影无?这只股在2015年会爆?!这只股持续低迷中,股价原封不动,依然保持在+1%与-1%中波动。耐心地等待它爆发咯,呵呵!

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2 Responses to “ABRIC大老板持续在高价买入?!”

  1. jingianjua says:

    EX-date 21/01/2015

    Any entitilement if we buy on EX-date?

  2. DC says:

    Edge Malaysia article:

    Edge Weekly
    Warrants Update: ABRIC-WB gains after sale of core business

    By Kamarul Azhar / The Edge Malaysia | January 21, 2015 : 2:00 PM MYT
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    ABRIC Bhd’s share price rallied after the disposal of its core business of manufacturing security sealing products for RM146 million to ESNT International Ltd, a wholly-owned unit of London-listed Essentra PLC. The selling price trumped ABRIC’s market capitalisation of RM74.6 million despite the stock appreciating 156.14% over the last one year to last Wednesday’s 72.5 sen close.

    Gains were higher for the company-issued warrant ABRIC-WB, which more than tripled over the same period. ABRIC-WB has a one-to-one conversion ratio and expires in about 15 months on April 7, 2016. Interestingly, its strike price of 30 sen is the same as the special dividend that the company declared after the asset sale to ESNT.

    At last Wednesday’s 40 sen close, ABRIC-WB was trading at a 3.4% discount to the underlying share.
    Cap1049_WarrantABRIC_theedgemarkets

    According to filings with Bursa Malaysia, some warrant holders chose to convert their securities into shares ahead of the entitlement date of the special dividend — Feb 6 — in order to be entitled to the payout. ABRIC will trade ex-dividend or without the entitlement to the special dividend on Jan 21.

    Warrant holders are not entitled to the dividend payment, something that might affect the value of the securities. ABRIC-WB’s strike price is not adjusted for dividend payments but ABRIC’s share price will be adjusted as it trades ex-dividend.

    As at Dec 16, ABRIC was considered a cash company, although the disposal was only partially completed then, filings show.

    ABRIC’s managers intend to retain its listing status and have allocated RM50 million from the sale proceeds to acquire a new core business.

    As with any cash company, the downside risk for the stock is if management spends all its cash acquiring value-destructive businesses, says Stockresearchasia.com, a portal that takes positions on the securities it features and which says investors should seek the assistance of a qualified and licensed financial adviser in making investment decisions. It is not listed as a licensed investment adviser on the Securities Commission Malaysia website.

    According to Stockresearchasia.com, ABRIC’s fully diluted net cash per share is 78 sen while its fully diluted net asset value per share is 92 sen. ABRIC has RM121.93 million worth of net assets post-disposal of its core business with cash standing at RM109.9 million, says its posting dated Jan 6.

    No local research house actively tracks ABRIC. The company is deemed highly volatile, being ascribed 4 out of five points on the volatility scale by theedgemarkets.com, which also gave ABRIC 1.8 points out of three points on valuation and 1.7 points out of three points on fundamentals.

    This article first appeared in The Edge Malaysia Weekly, on January 12-18, 2015.

    http://www.theedgemarkets.com/my/article/warrants-update-abric-wb-gains-after-sale-core-business