We got Carl Icahn"s force doing the push.....hold it till expiry this one with no regret...... Make OSK pay, wahahahaha

say bye bye to 12.5, welcome 13.0

path is clear.....

sound so confident :), hahaha

for fast buck next week....switch here first , while waiting for CP

yesterday got strong wind blowing ? Mr.tigershark appearing in this thread, walao le

touch down

@kcloh, thanks for the figure

Satan approval rating ...up up up ...lol

@kcloh "you must therefore add appropriate discount to a largely "inactive" price movement! " ~ what is the % you discounted for this element ? any reason or guide for that ?

370 lots @ 0.41, you got pretty sufficient bullets.....if i were you, i'll realized the loss. part the money to the investment grade counters ASAP....how many moons been passed?....how many theme play have been missed out already?

dei....it is a gap up for the underlying recently.....if make money, better sell back to OSK first......i heard the TA members here mentioned that any gap will eventually close in the future....

furthermore, the lifespan of this warrant is less than a month now....i doubt you can juice much from this SW, unless if Google Inc going for further stampede at Nasdaq.....

hey, i'm in a same opinion also :). it should be Petdag-CH for the next play. the only problem i have with CH.....it is issued by the MIBB

CH offer better gearing now that underlying hit above RM30, it is in money already

@lotsofmoney sound like in disagreement with something, hahaha

mind to point out for sharing purposes? thank in advance

hey, i read this quote somewhere,couldn't remember who quoted it. the quote sounds like this

if A & B always in agreement no matter what, one of them is useless

if A & B always in disagreement no matter what, both of them are useless

if A & B in agreement & disagreement sometime, things are in order

hey, the path is clear....

coincidence ? you cannot totally eliminate this possibility away without any doubt, hence nightshade say yes, there are chances for coincidence , lol

On your next statement -

Think about it. If a warrant is selling at a high premium of say 50%, the underlying share has to move 50% before you get an intrinsic value equals to the price you pay. Unless the warrant has a long time to expiry, it is not easy for the underlying share to go up by 50% in a short time say one or two years.

nightshade view -

i)you holds your WA to expiry most of time? i guess most of us don't. if you need more than 1 year & 2 years for underlying to move, then we should not be on this leverage instrument in the first place :)

ii) most of the time, the time value(premium level)do not depreciates rapidly over time ( 50% to 0 ), it will be more gradual in process....hence when the premium level were there to stay and the WA will move accordingly when underlying moves

Your following statement -

And in an efficient market, the price of the underlying is generally is what the market thinks it is worth, unless you have some insider information about the company that nobody knows. If a magazine like Focus already know about this information and publishes it, how many other insiders and other people have already known about it?

nightshade view - the magazine only highlighted the information which are available to public...from the information, they are making a deduction on the underlying.....any problem if everyone getting the same piece of information ? :)

though underlying is not a investment grade at the time being but the reasons highlighted may grant a valid "speculation" to the underlying

- Ho Hup Bhd stake
- insiders accumulation on FRB-WA itself

underlying above 500 USD already...if OSK can manipulate this one, by all means , they are welcome...lol

then I think you should try twim advice to call up the bank

@ppginvest , you sound like in the rush...using T+ 3 facilities ? I don't see any bump ahead for this counter at the moment. Touch down path still clear, till the listing of UMW-OG

You apply using e-IPO or conventional way? If former, they will directly credit into your AC

If latter, you can try to contact Malaysia Issuing House or your broker

It sounds like need to cabut first based on today announcement....

I only agree 50% of your conclusion , especially on the gearing part. Traders who go into WA want to leverage, hence the higher gearing , the better leverage exposure

On discount & premium part, of course it will be safer to initiate WA in discount as the downside is limited, the capital is more secure but most of the time, WA in discount do not offer a good gearing level compare to WA in premium .

If the traders are so bullish on underlying that there might be a great movement soon, most often the sequence of priority will be gearing first, discount / premium second .

Focus Malaysia published a good article on FRB - WA & WB last weekend. I"m in my opinion the reasons given to speculate the underlying are valid. This is one example when WA with higher gearing & premium are favorable compare to lower gearing lower premium conditions.

http://klse.i3investor.com/servlets/ptres/18879.jsp

still looking good....missed up this one due to limited fund

thanks...it help to narrow down the possibility

going for touch down soon..... for the brave heart collected at 0.03

waiting for the underlying resistant at 1.15 to come down

it have been tracking the underlying movement well so far

money coming back soon

@Satan - the private placement for their existing 1st tranche partner or different people taking up this time?

After Liew formally announce his retirement from SPSetia

Dei, still haven't sell back to IB after making 100% gain ?

I hope the former to happen not latter ,if that are the remaining possible outcomes

Looking forward for the your finale against Hafiz, all the best

Unless they wanna jack up within the last 5 days, which I highly doubt they can make it on time .... If still no.... Then tiu lo, management not keeping their word

So no premium , how to set something not below RM 1.78 ? I miss something alone the way?

Hey Satan, long time no see, how is hell? :), hope your confident level for the competition remain high

Can deliver touch down on time ? kikikiki

rule of thumb ~ the moment they announce private placement, cabut first.....when private placement concluded or about to conclude, time come back

safe or not safe...that one you have to decide yourself.....

from what I read & understand from those who have attended the recent EGM, the management gave assurance that the second tranche private placement will not be place lower than the first tranche private placement...the first tranche of PP was at RM1.78....

i see there is logic why they shouldn't place it lower than the first PP - if they place the future PP lower than the precious PP, how they wanna answer to previous investor taking up the first tranche of PP? who else wanna take up the future PP if that happen, knowing that the same fate might happen on them in future?

waiting for Satan vs Hafiz finally :)

UMW Oil & Gas to raise up to RM1.7b

KUALA LUMPUR (Oct 4, 2013): UMW Oil & Gas Corp Bhd (UMW-OG), which is slated to list on the Main Market of Bursa Malaysia on Nov 1, 2013, is looking to raise as much as RM1.71 billion in its initial public offering (IPO), making it the country's largest offering and eighth in Asia-Pacific ex-Japan this year.

UMW-OG is expected to have a market capitalisation of about RM6.1 billion upon listing based on an IPO price of RM2.80 per share.

UMW-OG's IPO involves an offering of up to 843.18 million shares, comprising an offer for sale of up to 231.38 million shares and a public issue of 611.80 million new shares.

The group is selling 648.6 million shares under its institutional tranche and 194.58 million shares for retail investors.

Parent UMW Holdings Bhd will pocket up to RM647.86 million through the offer for sale, and will remain as the largest shareholder in the oil and gas unit, controlling a 55% stake post-IPO.

According to Reuters, quoting a source, the institutional portion has been oversubscribed by more than 10 times, mostly at the top end of a range set at between RM2.70 and RM2.80 per share yesterday. The final pricing is expected to be fixed on Oct 17.

It is understood that UMW-OG has secured 21 cornerstone investors, of which 90% are local firms such as Amcorp Group Bhd, the Employees Provident Fund and Permodalan Nasional Bhd, while the balance 10% comprise foreign funds like FIL Investment Management (Hong Kong) Ltd and Fullerton Fund Management Co Ltd.

"With UMW-OG's planned debut on Bursa Malaysia soon, we will continue to strive for superior operational and financial performance to achieve sustainable long-term growth," its president Rohaizad Darus told a press conference after the launch of its prospectus here yesterday.

"Our regional expansion is also on track with the award of three new contracts in Vietnam in the last six months, in addition to another contract in Thailand, which bodes well for the group's prospects moving forward," he added.

The oil and gas outfit will use a major portion of its IPO proceeds for the acquisition, upgrading and maintenance of drilling rigs, hydraulic workover units and machineries for oilfield services.

The remaining proceeds will be used for the mobilisation and demobilisation costs for its drilling rigs as well as to repay the amount owing to UMW Holdings.

Maybank Investment Bank Bhd and CIMB Investment Bank Bhd are joint-principal advisers, global coordinators, book runners and underwriters for the IPO exercise.

http://www.thesundaily.my/news/847148

@kinghu, you divide RM 647.86 mil by the shares issued for UMW Bhd

when the underlying start charging again...can reconsider.....the moment underlying showing weakness, do not hesitate

definitely not the retailers but institutional

imagine you got that size of fund, which can take up 10% placement, you try to collect that 10% from market with that volume....what will happen ?

i guess before they can get 10%, the price might far exceed the premium they are going to pay

it is indeed better to buy from market from retailer point of view, but not from the institutional point of view in my opinion

our "bursa ecosystem" consists of retailers, local institution & foreign institution players, don't always look from a retailer point of view.

very obvious they are one of the culprit.....kanina

Tomorrow is the pay day ......

While waiting for the lawmakers to do something, please do something on our own first. Control your expenses ..... Makan RM 450 can be trimmed down.... The major expense still on the car la....car installment , petrol , carpark & toll > than 800 per month....use motorbike first, can cut down a lot - toll free, parking free, petrol probably reduce by half, installment reduce by 75 %. After getting better salary, then only consider upgrade to car...... Really don't understand nowadays freshie.... Just grad already enjoying life.....

the Bollywood's film director summoned a sweeper to do some floor cleaning last minute.....dei, sweeper not allowed next time, only vacuum cleaner permitted

i'm not in hurry...i can wait.....do what you all want.....

same trading behaviors for the pass few days already.....PDTs are in I guess

gonna be the one beneficial this coming budget as well

the second tranche of private placement will not be lower the the 1st one tranche....looks likely it will be place at premium......they mentioned the placement shares are not priced at more than ten percent (10%) discount to the volume weighted average market price (“VWAP”) of the Shares for the five (5) market but never say it cannot be in premium....

the first tranche of private placement = RM1.78

if they purposely set on 1.50 VWAP....RM 1.80 approximately 20% premium....

PP can be = Private Placement or Project Planning.....but i think private placement is more appropriate at the moment