Well, there is no one sure win formula one, strategies/action that are taken are based on the circumstances.

So long it serves the intended agenda of those who undertake these strategies then it is consider good. Perhaps there are some behind the scene story why share consolidation was not taken prior to the acquisition.

For commoner like us, the only thing we can do is to research and study properly of the intended investment we want to take.

Seasoned traders/players/investors will accumulate mother shares up till ex-date. So expect warrants to be very very volatile upon listed.

Now the possible scenario will be, depending still have mother share on hand...

One scenario is that, no mother share on hand, that means they will sell down the warrants upon listing.

Another scenarios is that they still keep some mother shares, then push up the mother share either before or after of the listing of warrants and sell down the warrants.

Of cos there is another possible scenario is to accumulate mother share now until the listing of the warrants... but this scenario may or may not works because the price is recovering abit now so will make the entry cost abit high, so may result in lower profit.

As always, invest within your own means.

Wonder why some of my comments got deleted. Let me try again...

Correction to one of the earlier comment,

So either at end of this month or maybe 3rd week of this month.

One thing for sure is that this group/gang is not market operator/syndicate... those syndicates will not go around telling people “I’m the one doing it”... unless they think the coffe at the regulator offices are very good...

My banker friends who follow technology sector told me this... whoever advising the boss should be shot. They mess up the steps/things to do big time, in term of the timing to execute corporate restructuring and acquisition.

Can’t deny that the pictureworks profit guarantee may be solid and genuine and can give a lift to the bottomline. But the profit guarantee may have to use to cover the potential impairment of the investment in the marketplace. Marketplace is a burning money game. This company doesnt have the bullet to go big on the marketplace. You just look at the singapore listed co which run shopee.

As always, do your own homework first and then invest within your own mean.

Asiabio is fintec? If yes, then prince4, you know puc business model already. They are not really the first one on O2O... fintec portfolio has one that way before already have that. I was tracking that co previously. People dont research hard and just based on hearsay to invest.

I have already mentioned their so called O2O is a old concept. Now you mentioned groupon i finally recall it was the groupon concept. Last time we print out the paper and redeem at shop. This one is just digital form. Nothing new. Why groupon fail last time is because alot of people go to the shops, and show them the offer, and the shops willing to give them the same offer and bypass groupon. The shops dont even need to pay the additional fee to groupon. So now on presto, i could just go to the shops, ask the shops to give me the same discount. The shops dont even need to fork out additional cashbank.

Thanks KiraL for your reminder. The only time i will invest in GHL is to get the shares and sit in the AGM to listen to what they planning.

From the radio interview that the ceo conducted recently, they already said they will not give dividend. The shares are corner by two PE funds, so liquidity will not be there. Worse still, he mentioned the profitability will be hit due to the merger&acquisition that they going to undertake in the future. So no dividend, no liquidity... what is the point to invest in them. Looking at the trading trend... somehow it seems to me is left pocket play right pocket... fishing for ikan bilis.

Theorectical price is just a textbook calculation. Even black Scholes model is just one method to calculate. Ultimatelt, it is still the market forces that will drive the price. And from the confession of the group/gang... your pretty much know they will be the one driving that price up or down already.

The warrants most likely will be in 2 weeks time, or maybe 3 weeks time. If i remember correctly, there are some rules like 10 markets (maybe longer) or so to go through the motion as stipulated under the rules. So either at end of this month or maybe 3rd of this month.

What you learn from school may not necessary apply in the real world. Like i mention, our market is not a perfect market. Google it and read what it means.

PE15... then you have to be more realistic in your investment strategy in this counter. The possibility to have it to happen:
(1) the market have to suffer extreme bear run to bring the price down, but then, whatever other counters you invested will suffer the same unless you pick defensive stock.
(2) revenue financial performance have to be super bad, then it will bring down the price and eps.

Please read their propsectus and understand at what PE revenue listed. You are showing us you do not research before you invest and purely following hearsay and gut feel if you want it to go back to PE15. That is very dangerous when come to investing. Also try to research and understand what PE really means...

I cant deny the warrant and mother share will subject to up/down movement after the listing of warrant, but you have to understand why and how the market operate... not just make general statement. There is a strategy (or rather formula) that deployed by seasoned investors/traders/players to make money from the warrants and also mother share.

You have missed the boat from the time they announce the price and entitlement date, as i mentioned in various comments before, you will get cheap price from the earlier time, as time goes by until the ex-date, the price will get expensive because cheap supply all gone. Can you explain why the price is still on the uptrend? Did you know this trend based on your understanding? So if you have understand how the market works (not just based on the trend after listing of warrant), you would have pocketed some handsome returns just riding on this simple wave. From 1.28 to 1.38 range.

Anyway, everyone has their own investment strategy, ultimately, when you make money you wont thank me. When you loss money, you will blame the sky, the earth, the water, your friends’ face, except yourself... but please do research before you invest and do not invest beyond our own means.

对不起，应该说“过去的几天有买入free warrant 的迹象和趋势”。未来这几天就得看还会有人要free warrant。

是的。您不妨上网查询ex-date。investopedia 有很不错的讲解，而且是免费的。

但您必须了解，过了ex-date，母股可能会遭受到卖出的压力，所以股价不一定会很好。也有可能母股会一直维持在现有或更高的价位，直到warrant list 了之后，到时候warrant会比较值钱。但这一切需看母股的走势，warrant list 了之后，warrant 和母股应该都会被追。这几天有买入free warrant 的趋势。

如果您在3号的时候卖了您的股，您将不会获得free warrant。就算您在4号当天买，您也不会获得free warrant.

Editing previous comment, remove unnecessary info.

Market forces are beyond our control. As a public investor, unless you have insider info, it is almost impossible for one to really make money just based on superficial information. Our share market is not a perfect market, like it or not.

Remember, all investment come with a risk, you need to know what is your risk level. Do not make any decision beyond our own means.

Personally, if i’m a long term investor, i will go into the market now to take advantage of the free warrant. But you have to take note of the uptrend of the current share price till ex-date. As mentioned in my previous comment, whoever still want the free warrants would have to buy at higher price (more and more expensive), as the cheap supply have been vacuumed on tuesday. Now they have no choice but to buy at higher price, so from now till ex-date, there is a strong possibility that the mother share will be on an uptrend and it is evident from the last few days trading. But those who want the free warrants would have factored that in their entry price.

You have to be very careful of the ex-date, there is a high possibility that on the ex-date and post ex-date, the mother share will be subject to heavy selling pressure up till the listinf of warrants, that is one possible scenario.

So if you are only tracking the mother share, one way is to get the free warrant now, then wait for those seasoned investor/traders to push mother share to get maximum value of the warrants, then you cash out. If you have the holding power, then you could also keep the warrant and sell it later. Based on the circular (although the fair value have changed, it does have a fair value of 0.50 n above). Another way is wait after the ex-date, then you enter and buy the mother share only.

But you also have to remember revenue does not have a dividend policy, so even if you hold long term and do not cash out, you will only have paper gain.

8号entitlement date的意思，您的名字必须出现在8号股东list，那您才会获得免费warrant。

如果您现在没有revenue的股，而您却想要warrant，您必须最迟在3号或之前买入母股。您有3天的时间去settle，（T+3），4号，7号及8号（包括8号在内）。

4号之后您可以卖母股，或也可以收着观察母股在warrant list 了之后的走势。一般过了ex-date（4号），母股会有被抛售的趋势。

Forgotten to mention, mother share price will drop is also due to price adjustment. Theorectical price. You can google it and read how it works.

I'm really confused whether you are a short term investor or long term investor. You sounded like very contradicting yourself.

Majority of the warrants will cause the mother share to drop, because it is cheaper to trade the warrant. That is where the seasoned investors/players will start to trade the warrants and that is the norm. Just for your info, even when a company declare dividend, the share price will also drop after the entitlement day, will you go complain and stop the company paying dividend? Chances are you won't because you gotten the cash upfront already, in a way, you are compensated by that cash for the drop in the share price, the share price already factored in that dividend. So many people will sell the shares after the entitlement date.

But on the company's perspective, giving a dividend will deplete the company of cash for expansion, operating expenses etc. My personal view is that company shouldnt give dividend if they are expending. It cause the share price to drop and caused the net asset to drop. Having a warrant may or may not work in favour for the company, but at least the company can conserve the existing cash to do expansion and it may give fresh capital to the company if warrant is being exercised.

If you look at the exercise price of 1.25, that itself more or less set the mark for the mother share, so when warrants list, and when mother share hit any price below 1.25 will make the warrant even cheaper. So seasoned trader/player/investor will accumulate more, and that is normally how it works and that is the norm. Once collection done, mother share will be pushed up so that they can sell the warrants at a higher price. After that they will repeat and repeat and repeat and repeat. If you are savy and long term investor, you would have entered on Tuesday to accumulate the mother share because that is where you will be able to accumulate below 1.28 price range. That is where you will get more bargain. For those wanted to continue accumulate the free warrants, now they will have to start buying at higher price because of supply. But overall, high price doesnt mean a bad things because they would have calculated their average entry cost.

Once again, this is not a buy or sell call. I respect one freedom to express their own view in this forum, but just do not wish to see people give comment that is non-constructive and does not explain in details and cause the general public to become panic. Even if you want to warn the public with the good intention, should explain with facts or example, like mother share drop after warrant list is a common fact, but one need to explain how the market works. You can't force your own investment strategies onto other by merely giving some general statements.

在明年的一月3号前、如果您持有revenue的母股，您将会以每两母股，获得一张免费的warrant。但如果您在一月4号才购买母股，您将不会获得warrant。

至于是否变卖或换母股，这将要看母股的走势，现在很难说，这是2-3年的事了。

I rmb some idiot commented even free warrant also wont invest, this show how ignorant this person's understanding how the market/warrant play. Season player or so-called expert would have acted yesterday, and they did. Perhaps you need to change to real expert of stock market and not half passed 6 expert. 0.7 possible.... 3.00 possible... why dont you go temple and ask god give you toto number, statistically, u have higher chance of getting better return from toto than stock market.

Although you have right to comment whatever y
ou want, nobody force you to invest in revenue.

You can go invest in puc or wait for the brent to rebound only then go into the o&g. From the way you commented and deleted your comment, perhaps Fixed deposit is thd best investment for you. You are picking the wrong industry to invest and avoiding the right industry to invest. Brent dropping and u following o&g counter, trade war and declining order yet u still follow industrial counter.

按时间推算，应该在一月2019warrant就会list。应该在2024年过期。

您可以在此间至过期前售出您所持有的warrant、买卖warrant、用warrant 换母股。

一张warrant换一张母股。如果您要换母股，您需要用1块两毛半来换。如果您没拿到免费的warrant，您必须在市场买warrant，这将推高您的成本。

All investment come with risk, so if you are not familiar with warrant then perhaps you dont touch.

If you have revenue shares now, you can decide to either to wait for the free warranrs then sell it at open market or you can sell your revenue shares now. But global market is not doing well plus holiday season now, unless your entry price is low, you can consider to sell, otherwise may be have to hold until whoever wanted to accumulate the warrants done with collecting. This is not a buy or sell call. I just invest based on my own strategies only.

Typically, the warrants price move up and down together with the mother share. So the movement really depend on how the market play/trade the warrent.

Looking at today movement, think some retail (dont know got operator or not) is trying to accumulate the free warrants.

Yes. If you still holding on to revenue shares on or before 3 Jan 2019, you will be entitled to 1 free warrant for every 2 revenue shares. Remember the ex-date is 4 Jan 2019 based on the announcement.

Depends on what kind of expert u listen to... warrants are not for commoners who only understand/track/trade the mother share price and only listen to people saying the stocks are expensive and keep waiting and praying it will crash.

If you still holding on revenue shares on or before 3 jan 2019, u will be entitle to the free warrants. Anydate after 4 jan 2019, u will not entitle to it even if u buy on the 4 jan 2019.

The warrants has a 5 years period, anytime from the listing of the warrant until its expiry date, u can exercise and use RM1.25 to get one monther share.

Alternatively, if u have the free warrants, u can sell it in the open market after it was listed.

Tomorrow is saturday... i doubt they will be so hardworking...

Someone in klse screener mentioned warrants date will be out soon, dont know how true it is. Circular timeline said mid Dec to announce entitlement date though.

Near field contact (NFC) is not something new. I think those apple pay, samsung pay also using this technology.

Realistically, the security of using mobile phone to do NFC to do transaction/payment, need to have a big big mind set change from consumer. I still prefer using credit cards rather than linking my card to the phone. Unless there is a huge benefits, but losing phone and then the need to add the card again is going to be a deterrent to me.

I think there is still market for POS manufacturer, not all people have smartphone and may not be savy with handphone, so they sill still need a POS to accept cards.

Good thing for revenue is that they are already processing Unionpay card in malaysia, so is a matter whether they wana enable the mobile phone in malaysia.

Share price move up n down is pretty normal. Retail investor normally ride on good news, and profit taking when it becomes quieter. Most likely the retail is waiting for the warrants news and place less attention on the latest business news. The moment the price got upwards or downwards trend, they will just follow.

But from the way i look at the shareprice movement, retail is waiting for the warrants news previously, and since there is no news yet, so either they profit taking, since holiday season coming, or like 817065, some maybe being forced sell cos they chase the price.

When market greedy, be fearful, when market is fearful, be greedy... i personally is holding on to the share and waiting for the free warrants. Actually the recent drop is good, flush out speculator and no holding power retail. Hopefully it can go alittle bit lower more so that i can pick up more for the free warrants.

Thanks 817065 for the info.

I also see their IT capabilities as the biggest weapon. And the management seems to know what needs to be done to move ahead with payment/IT.

Why not. I think it benefits both parties. Additional product offerings for Revenue and additional places for people to accept the wallet. But have to depend on whats is the number of users of the wallet. Small users then wont really help in the short term.

As to the so-called online to offline service, reminds me of the old online purchase, print and redeem at shop concept, popular back then but not sure anyone will use it. So this one depends on whay type of merchants that both parties can bring.

But im not too sure whats the unified payment terminals, is this the one that they roll out with Public Bank? Or is a new product from Revenue? If the same then more services can be added into one terminal, better for revenue.

The EGM on 3rd dec is to obtain shareholder to approve the bonus issue resolution only, and not to set the price and entitlement date. That is for the board to decide. Unless they board has mentioned something on the 3rd dec, otherwise as at now, nothing has been set in term of the price and date.

Did the management said anything in AGM yesterday? Price fixed?

I look at the circular it mentioned the estimated timeframe for announcement of entitlement date is in mid dec, price is rather volatile now so price fixing may be challenging.

Institution purchase will only announce when they are substantial. If u refer to their annual report, you will see some fund is already in but dont think is subsyantial or they use multiple fund. Another way to gauge is to look at your tading platform and see the matched order over a particular point in time. Typically, with revenue pricing now, not may retail can match big block purchase unless they dare to do contra.

They r an established company, making good profit but they dont declare dividend. So retail investor have to depend on capital gain, but with that need to have liquidity, unfortunately right now there isnt much trading volume.

I would say the move by genting is a smart one. By protocol, they should have announced the termination first. But instead of doing so, they straight away bring disney n fox to the court, so now put both of them on defensive mode, meamwhile they have time to strategise and regroup what to do with the themepark. The cost is already sunk in, so anything gotten from the lawsuit will be bonus, without that, theme park will still go ahead.

Tp RM2 will be at about PE 66x, maybe alittle hard without any strong growth story.

Since majority shares owned by PE/management, Rm2 actually is not a problem but no point to do so...

Tp rm2 need 3rd fund come in at RM1.8 per share only then can set the bench mark n push up.

Consolidation to get market leadership is always a norm in US. What exactly disney wana buy into is really our best guest. Maybe they wanted their tv production house to compete with online streaming co?

One possible way why they kill this off so that there will only have one and only disneyland with both disney n fox theme combined into one. Put it this way, right now disney has assume full control of fox, u as the owner of disney, u wana see one brand of themepark under disneyland or have another competing themepark? Right now disney has such a huge bargaining power from film to production house to merchandism after acquiring its competitor, they can literally bulldoze the market with their own terms.

Alright thx

Right now the themepark cannot use 20fox theme, that doesnt mean the themepark is not operating... in the past, genting punya theme park has not tie up with any brand, just doing own theme park brand, dont see any issue, they can continue with this strategy. Of cos the catch is maybe with 20fox, it can draw more tourist with that brandname. Honestly speaking, rides is rides, who will remember what rides associated with what movie. So long the rides r exciting and raise heartbeat, it will attract crowds. Without having to pay license fee to 20fox, maybe the entrance fee will be cheaper also, that may draw crowd also.

On the issue OWG dont get anything from 20fox, lets look at the parties involved.

20fox grant genting the license to use 20fox theme for their rides etc. Genting outsource to contractor to build the rides, so agreements signed with contractor. There are 2 parts to this, if OWG is the contractor, whatever built, genting has to pay. If modification needed to change the 20fox theme to another brand, genting need to incur that cost for any VO, so genting still need to foot the bill. If OWG is just themepark operator, unless genting is going to write off the entire investment (which is not plausible), the themepark will still go on albeit with a different theme, so OWG will still earn.

Next wk entitlement date announce? Or just EGM to seek shareholders approval on the bonus issue oh?

QR announced on thursday night, so most likely sell high buy low started on Friday. So buy/sell on friday, should be settling on Wednesday.

Tmrw should be T+3, if started from last friday. So another day to close position. Sell high buy low. But even intraday contra also gd profit.

Maybe they testing water whether it will push up to 1.32 or not. If no movement above that level then they can buy back at lower price & close out their position.

Another scenario is to spread over T+3, so push down over 2-3 days and lowering down average cost. This one looks more likely...

Doesnt look like shark/buaya is in it. Morning selling block at high price of 1.40 is rather low. Maybe retail playing contra. Unless offmarket.

Looks like buaya/shark having party now...