Now is 0.535, you get back 7% dividend per year on top of 0.465 profit at 2019.
More: http://cktan1984.blogspot.com/2013/09/perwaja-la.html
KUALA LUMPUR: Loan stocks of financially distressed Perwaja Holdings Bhd fell as much as 35% in late morning trade on Wednesday.
At 11.14am, Perwaja-LA was down 29 sen to 53.5 sen with 10,000 units done.
The mother share slipped one sen to 10.5 sen. Turnover was 1.56 million shares done at prices ranging from 10.5 sen to 11.5 sen.
The FBM KLCI fell 4.23 points to 1,811.11. Turnover was 663.12 million shares valued at RM570.35mil. There were 212 gainers, 359 losers and 282 counters unchanged.
The steel maker had issued RM280mil nominal value of 7% seven-year redeemable convertible unsecured loan stocks (RCULS) at 100% of its nominal value in March 2012.
According to Perwaja, the maturity date is March 26, 2019 and the exercise period is seven years. The conversion price is RM1.
Under the corporate exercise, the RCULS can be converted into new RM1 shares. Any outstanding RCULS which have not been redeemed or converted shall be redeemed in cash at 100% of the nominal value on the maturity date.
The conversion of the RCULS will not require any cash payment by the RCULS holder. The conversion price will be satisfied by surrendering for cancellation the RCULS with an aggregate nominal value equivalent to the conversion price.