Tuesday, November 26, 2019

Subscribed for WCEHB-PA and WCEHB-WF

Due to the fund raising exercise from WCEHB, I have subscribed for all including excess as I have 67,200 units of WCEHB.

In the end, I now have 136,000 WCEHB-PA and 34,000 of WCEHB-WF.

The position is as below.

Click to enlarge


I intend to convert the RCPS into WCEHB in future within the first year.

20 comments:

Anonymous said...

Hi felicity, your advice is indeed helpful. Am i to understand you are anticipating dividends on mother share, therefore the inkling to convert PA TO WCEHB sometime next year? Or is the calc of 0.24 + 0.32 = 0.56 per PA share best time to convert the PA?

felicity said...

WCEHB-PA is going to be there short term only - 2 years and it is better to convert in the first year as the conversion price is lower i.e. 4 sen. For second year, it will be higher at 8 sen and one does not need to use money to convert on 2nd year.

The 0.24 + 0.32 is not correct. It is 0.24 + 0.04 = 0.28

Kelvin said...

hi Felicity, glad to see you update the portfolio again. And thanks to the fund raising exercise i've manage to lower my cost to RM0.3 as well (same to you too!!). Will you consider to keep the warrant? It seems like a good option to sell off the warrant and utilize the money to convert the PA to WCEHB

felicity said...

Ya, depends for now I am keeping it I think.

Anonymous said...

Felicity, thanks on the clarification on the PA conversion price.

Anonymous said...

30k dividend for tropicana?

felicity said...

Haha you are sharp. No impact to the total though. The attached is latest.

bhlim8777 said...

i cant find any other better asset to buy for my kids for 10 to 20 yrs time frame except one n only one pure toll collector WCEHB!STRAIGHT FORWARDS business model with consistent positive cash flow and growth in traffic !!! MONEY MONEY COME COME!

Anonymous said...

Why is it that you have 67200 units of WCE at an original price of 1.041 (I assume it's the average purchase price), that alone comes out to RM67k more or less, but you show your original investment to be a mere RM50k. We know WCE doesnt pay dividend, does that mean you utilized the dividends from your other investments and reinvested it into WCE?

felicity said...

It is definitely from profit reinvested

reyes430 said...

Dear Felicity,

sorry ya can you kindly elaborate on what you said about the conversion pls. i dont quite get it even after i look at the announcement.

"WCEHB-PA is going to be there short term only - 2 years and it is better to convert in the first year as the conversion price is lower i.e. 4 sen. For second year, it will be higher at 8 sen and one does not need to use money to convert on 2nd year.

The 0.24 + 0.32 is not correct. It is 0.24 + 0.04 = 0.28"

Thanks



felicity said...

I have converted already before this month. One will only convert by giving 4 sen per share. But this is only for first year. After year 1, the conversion is not through cash anymore. The WCEHB- PA will be automatically converted by giving up 4 WCEHB-PA for 3 WCEHB shares.

reyes430 said...

ohh i think i understand now. thank you so much and happy new year !!

Anonymous said...

Hi Felicity, after we converting the PA to shares, when shall we sell the warrants? I dont understand and thanks for your advice

felicity said...

No you do not need to sell the warrant if I get your message correct. The warrant is a 10 year warrant

Anonymous said...

You may want to redo this table now that Airasia is in the predicament they're in now.

felicity said...

hi Anonymous

Actually, is good as it is opportunity to buy.

Anonymous said...

Are you sure about that? What with the Covid-19 not even affecting their latest QR?

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