TIH Limited (formerly: Transpac Industrial Holdings Limited)

[opmi]

Annual report is out. For the first, the chairman's message is more than 1 paragraph. They have responded positively to one shareholder's feedback during the last AGM.

Unfortunately I have difficulty trying to understand the very first paragraph. Any buddies can help to explain? Thank you.

The Company had performed well, returning about 196% of total capital raised since listing on the Singapore Stock Exchange on 31 March 1994 versus total capital returned to shareholders (including dividend payout) and the Group’s Net Asset Value (“NAV”) as at end of 2013.

I remember the Transpac IPO price was $5 per share. On that basis, it did not performed well for IPO investors. Good for Inv Mgr and ASM and those who bought around 2004.

[Vseeker]

3-for-1 Bonus Wrts totalling 703m new wrts, Lifespan=3yrs
=} ExcerPrc @$1.28 in 1st 6mths period, can't excercise for following 18mths, and in the last 12mths of shelf life - again excercisable but @$2.28 each

means over the next 6 months (now till mid-Nov)
i) TIH share price likely to trend lower towards $1.28 as more and more wrts get excercised - as we rundown 1st-6mths-excercise-window.
ii) Wrts price likely to trend closer towards 0c ~ 1c levels as we progresses toward end of 1st 6mths excercise window (mid-Nov2014).

iii) By yearend, wrts likely to be around 0c ~ 1c and stay there for some times...till its fate get re-determine closer to 2017

... Not vested

[touzi]

TIH clarified on 15/5/2014 that the bonus warrant will be non renounceable but i can see that the warrant is trading in the market. So, is the warrant renounceable or non renounceable?

The announcement also clarified that because it is non-renouceable, there will be NO provisional allotment of the warrant. I think this is probably the difference between renounceable and non-renounceable warrant, that is, it refers to whether trading is allowed during the provisional allotment period. Now that the warrant has been issued, it is of course tradeable. Does this sounds right?

[touzi]

Warrant Issue Date: 19th May 2014

First Exercise Period is 6 months from date of issue @ $1.28:
Monday, May 19, 2014 to Wednesday, November 19, 2014

Second Exercise Period is from 2nd to 3rd Anniversary of Issue date @ $2.28:
Thursday, May 19, 2016 to Friday, May 19, 2017

Warrant is traded as TIH W170519.

If you use CPF you need to contact the bank if you want to exercise the warrant.

[greengiraffe]

TIH featured in The Edge this week. buddies can have a good read and form your own judgement.

Odd Lots
Vested
GG

[touzi]

I remember the Transpac IPO price was $5 per share. On that basis, it did not performed well for IPO investors. Good for Inv Mgr and ASM and those who bought around 2004.

I recall during the AGM Kin Chan said that performance since IPO was better than STI index ( cannot remember the detail, think it was a few %). Performance since ASM took over was much better of course.

[opmi]

I remember the Transpac IPO price was $5 per share. On that basis, it did not performed well for IPO investors. Good for Inv Mgr and ASM and those who bought around 2004.

I recall during the AGM Kin Chan said that performance since IPO was better than STI index ( cannot remember the detail, think it was a few %). Performance since ASM took over was much better of course.

Transpac IPO'ed at the peak at the 93 bull run. So if recover cost only, really jialat investment.

Anyway, it was downhill all the way until Kin Chan came in. At that time, Kin Chan was a nobody and thinner....hahaha...

At that time, dont know who decide to sell the TIH's Alibaba stake to Yahoo...Kin Chan or Dr Christopher?

[kian]

Warrant Issue Date: 19th May 2014

First Exercise Period is 6 months from date of issue @ $1.28:
Monday, May 19, 2014 to Wednesday, November 19, 2014

Second Exercise Period is from 2nd to 3rd Anniversary of Issue date @ $2.28:
Thursday, May 19, 2016 to Friday, May 19, 2017

Warrant is traded as TIH W170519.

If you use CPF you need to contact the bank if you want to exercise the warrant.

My TIH is under CPF a/c. The new warrants will be under the CDP or CPF investment a/c? can we use CPF to exercise the warrants?

[touzi]

My TIH is under CPF a/c. The new warrants will be under the CDP or CPF investment a/c? can we use CPF to exercise the warrants?

If your mother share is under CPF a/c the warrants issued to you should be under CPF a/c too. That is why you need to inform your CPF a/c bank if you want to exercise it.

[ghchua]

Hi kian,

Your TIH shares are in your CPF Investment Account. Therefore, TIH bonus warrants will be credited into your CPF Investment Account as well.

Funds in your CPF Investment cannot be used to buy company warrants, but can be used to exercise company warrants in your CPF Investment account holdings. Therefore, you should be able to exercise your TIH bonus warrants in your CPF Investment account. You just need to fill in a form and send it back to your CPF agent bank to instruct them to do so. To request for the form, you should call your respective CPF agent bank for it.

Of course, the usual CPFIS rule on stock investment limit applies as well, so make sure that you have enough money in your CPF OA and you do not exceed the CPF OA stock investment limit.