pohuat 堡发资源 7088 RM 2.90 BUY in--

MULTIPLE PROPOSALS POH HUAT RESOURCES  BERHAD ("POHUAT" OR THE "COMPANY") I.  PROPOSED SHARE SPLIT; II. PROPOSED  BONUS ISSUE OF WARRANTS; AND III.  PROPOSED AMENDMENTS (COLLECTIVELY  REFERRED TO AS THE "PROPOSALS") POH HUAT RESOURCES HOLDINGS BERHAD Type Announcement Subject MULTIPLE PROPOSALS Description POH HUAT RESOURCES BERHAD ("POHUAT" OR THE "COMPANY") I. PROPOSED SHARE SPLIT; II. PROPOSED BONUS ISSUE OF WARRANTS; AND III. PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") On behalf of the Board of Directors of POHUAT ("Board"), RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake the following proposals:- a share split involving the subdivision of every one (1) existing ordinary share of RM1.00 each in POHUAT into two (2) ordinary shares of RM0.50 each in POHUAT ("POHUAT Share(s)" or "Share(s)") held on an entitlement date to be determined later ("Proposed Share Split"); a bonus issue of up to 56,693,552 new warrants in POHUAT ("Warrant(s)") on the basis of one (1) free Warrant for every four (4) POHUAT Shares held on the same entitlement date as the Proposed Share Split to be determined later ("Proposed Bonus Issue of Warrants"); and amendments to the Memorandum and Articles of Association of POHUAT ("Proposed Amendments").  Further details on the abovementioned Proposals are set in the attachment This announcement is dated 7 August 2015.   毎股(面值rm1.00)拆成2股(面值rm0.50)，然后再4送1免费warrant, 非常有看头,值得投资. 网友icon8888之分享--  Cherry is now the new CEO of Pohuat ---- Posted by cherry88 > Aug 7, 2015 02:16 PM | Report Abuse Many thanks to our ex-CEO and current CEO and CFO (Icon8888, dalpinia, lexus002).  You finally announce the 1 to 2 share split and free warrants with exercise price of  just RM1.00 !! It is a big good news to shareholders. Let’s do the maths. I always treat  the warrants like a “special dividend”. The question is how much “special dividend”  based on the mid-day closing price of RM2.75 ? We need to calculate the ex price after  the split and warrant which comes to RM1.30. ((RM2.75*2))+1/5). Given the exercise  warrant price of RM1.00. The “special dividend” will be RM0.30. YES….I can expect  the share to JUMP another 30sens to RM3.05 ! BUY before too late !! On another note. Let’s do some simple FA. Given the strengthening of USD to  RM3.90 from RM3.30, and based on 2nd quarter EPS growth of 72%  (2nd Q 2015 = 4.14 sen; 2nd Q 2014 = 2.40 sen). We expect it could be double  from previous EPS. So, the expected EPS this year would be 39.7 sen !  Based on PE of merely 10x, the share price could boost to RM3.97 !! It is still  very undervalued. All theory (including CEO’s conspiracy theory) hold true now…..price should  be in RM3.05 to RM3.97 !!