Author Topic: TCLTC -- Treet Corp. Ltd. Participation Term Certificates (PTC)  (Read 26242 times)

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Offline M&M

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TCLTC -- Treet Corp. Ltd. Participation Term Certificates (PTC)
« Sticky post on: August 08, 2012, 10:17:48 AM »
 The Karachi Stock Exchange (Guarantee) Limited’s commencement of trading in the upaid renounceable offer letter (ROL) of Treet Corporation Limited
Posted on Jul 27, 2012 in General, Stock Exchange Announcements | 0 comments | Shortlink

Karachi, July 30, 2012 (PPI-OT): The Karachi Stock Exchange (Guarantee) Limited (KSE) has approved the schedule of issue of un-paid Renounceable Offer Letter (ROL) of Rated, Listed, Secured, Redeemable and Convertible Participation Term Certificates (PTCs) as notified vide our Notice No.KSE/N-3166 dated Juty 3, 2012. The trading in the ROL of the Company will start on this Exchange wet. Monday, July 30, 2012. The first settlement date will be August 1, 2012.

The opening price of ROL will be Rs.5.97 as notified vide Notice No. KSE/N-3477 dated July 27, 2012. Normal circuit breakers will be applicable on the opening price.

The ROL of the Company has already been declared as eligible security by the Central Depository Company of Pakistan Limited (CDC) and all the transactions shall be settled through the NCCPL, which has already assigned the Company Code/Security Symbol as `TREETPTC”.

For more information, Contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

http://www.brecorder.com/money-a-banking/198:pakistan/1217626:participation-term-certificate-treet-corp-to-raise-rs-1255-billion/?date=2012-07-17

http://www.youtube.com/watch?v=weOALZJOIMI&feature=related
http://www.youtube.com/watch?NR=1&feature=endscreen&v=IBOuRzC7yc4

http://www.treetonline.com/documents/PTC.pdf
« Last Edit: January 04, 2013, 04:24:34 PM by M&M »
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TCLTC -- Treet Corp. Ltd. Participation Term Certificates (PTC)
« Reply #-1 on: August 08, 2012, 10:17:48 AM »

Offline M&M

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 The Karachi Stock Exchange (Guarantee) Limited’s commencement of trading in the upaid renounceable offer letter (ROL) of Treet Corporation Limited
Posted on Jul 27, 2012 in General, Stock Exchange Announcements | 0 comments | Shortlink

Karachi, July 30, 2012 (PPI-OT): The Karachi Stock Exchange (Guarantee) Limited (KSE) has approved the schedule of issue of un-paid Renounceable Offer Letter (ROL) of Rated, Listed, Secured, Redeemable and Convertible Participation Term Certificates (PTCs) as notified vide our Notice No.KSE/N-3166 dated Juty 3, 2012. The trading in the ROL of the Company will start on this Exchange wet. Monday, July 30, 2012. The first settlement date will be August 1, 2012.

The opening price of ROL will be Rs.5.97 as notified vide Notice No. KSE/N-3477 dated July 27, 2012. Normal circuit breakers will be applicable on the opening price.

The ROL of the Company has already been declared as eligible security by the Central Depository Company of Pakistan Limited (CDC) and all the transactions shall be settled through the NCCPL, which has already assigned the Company Code/Security Symbol as `TREETPTC”.

For more information, Contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

http://www.brecorder.com/money-a-banking/198:pakistan/1217626:participation-term-certificate-treet-corp-to-raise-rs-1255-billion/?date=2012-07-17

http://www.youtube.com/watch?v=weOALZJOIMI&feature=related
http://www.youtube.com/watch?NR=1&feature=endscreen&v=IBOuRzC7yc4

http://www.treetonline.com/documents/PTC.pdf
« Last Edit: January 04, 2013, 04:24:34 PM by M&M »
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Offline 007

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #1 on: August 08, 2012, 10:23:07 AM »
still unlcear on what it is

a debt instruement or equity instruement?

any clarification is appreciated

Offline M&M

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« Last Edit: August 08, 2012, 10:36:55 AM by M&M »
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Offline 007

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #3 on: August 08, 2012, 10:43:37 AM »
thanks

Offline 007

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #4 on: August 08, 2012, 10:45:45 AM »
the B recoder says it will trade for 30 days only

these days will include exclude holidays?

and what shall be the last trading day

regards

Offline M&M

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #5 on: August 08, 2012, 10:49:33 AM »
the B recoder says it will trade for 30 days only

these days will include exclude holidays?

and what shall be the last trading day

regards
I don't know frankly .. call ur broker and get explaination and then post here  :D
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Offline M&M

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #6 on: August 08, 2012, 10:52:35 AM »
looks like an online tradable unpaid right shares
« Last Edit: August 10, 2012, 03:53:44 PM by M&M »
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Offline tariqmeh

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #7 on: August 08, 2012, 11:10:01 AM »
all the answers are here in prospectus

http://www.treetonline.com/documents/PTC.pdf

Offline Farzooq

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #8 on: August 08, 2012, 11:23:48 AM »
investor can buy the RIL on the prevailing market price at KATS while on further payment of Rs 30, the face value of each PTC, the ROL holder will become a PTC holder

Entitlement Date for the purpose of receiving ROL July 13, 2012
Date of Book Closing for the entitlement of ROL
July 14, 2012 to July 20,
2012 (both days inclusive)
Date of credit of unpaid ROL into CDC in Book Entry Form July 23, 2012
Dispatch of unpaid ROL to physical shareholders July 25, 2012
Date of Confirmation of Credit of unpaid ROL in CDC to Stock
Exchanges
July 27, 2012
Date of Start in Trading of unpaid ROL July 30, 2012
Last date for splitting/consolidation and deposit of Physical ROL into
Central Depository System (CDS)
August 29, 2012
Last Date of Trading of unpaid ROL September 07, 2012
Last date for acceptance and payment of ROL in physical/CDC form September 14, 2012
Allotment of PTCs and credit of book entry of PTCs into CDC October 04, 2012
Date of dispatch of physical Participation Term Certificates (PTCs) October 15, 2012
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Offline 007

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #9 on: August 08, 2012, 11:42:07 AM »
is it worth subscibing

comments

Offline Abdul Qadir

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #10 on: August 09, 2012, 01:42:41 AM »
The basic aim of these ptc are to repay the borrowings.
Why the company is asking money from public to repay the loans.
Its looking quite unusual to me
Be cautious in these types of investment

Offline umar

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #11 on: August 10, 2012, 03:30:21 PM »
On a long enough time line, the survival rate for everyone drops to zero

Offline umar

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #12 on: August 10, 2012, 03:35:10 PM »
On a long enough time line, the survival rate for everyone drops to zero

Offline umar

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #13 on: August 10, 2012, 03:41:25 PM »
On a long enough time line, the survival rate for everyone drops to zero

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #14 on: August 10, 2012, 06:17:01 PM »
The basic aim of these ptc are to repay the borrowings.
Why the company is asking money from public to repay the loans.
Its looking quite unusual to me
Be cautious in these types of investment

banks do not issue convertible debts. the aim of the comany is to convert borrowings into equity over long term.
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Offline 007

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #15 on: August 13, 2012, 07:48:58 PM »
Kab chalay ga yeh. BC

Offline junaidph

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #16 on: August 16, 2012, 08:57:38 AM »
Kab chalay ga yeh. BC

Aj is ko chalna chaiy inshaAllah, dont worry uper bikay ga yar

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #17 on: August 16, 2012, 07:17:03 PM »
Someone who will invest in 1000 ptc. his total investment be 30,000 (1000*30) and the price of rights which we assume at 2500(1000*2.5)i.e. 32500.

now what will be his return in year one

he will get 70 shares of treetnua
he will get mandatory profit payment of 4140 (1000*4.14)
he will get principal payment of 150 (1000*.15)
He will get contingent payment if profit exceeds a certain amount

so his cash payment would be 4290 and 70 shares. lets assume share price at that time is 70. the value of his shares would be 4900.
so annual payment would be 9190 over an investment of RS 32500.

This will happen for 7 years. and in 7 years share price may go upto 200.
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Offline umar

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #18 on: August 17, 2012, 12:24:40 AM »
there is no mandatory cash payment of 4.14 rps. this is the part of the tfc that will be converted in treet shares.

4.14/59.14(predecided conversion rate)= 0.07 share of treet per ptc

furthermore, the value of ptc will continue to decrease as conversion and payment is made. So at the end of the 7 year term, you will not get the principal back.

Please correct me if i'm wrong. 
 
On a long enough time line, the survival rate for everyone drops to zero

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Re: TREETPTC -- Treet Corp. Ltd. Participation Term Certificates
« Reply #19 on: August 17, 2012, 06:20:55 PM »
there are 3 cash payments (please refer to page 11 of 91 of PTD document)
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