agree with atoz..every ipo nowadays are being worked out in this manner..we just have to accept it..lets mop on the first trading day before its too late !
its the safest spac of all..the assurance is there and definitely a better buy than the rest of it...yes atoz will try in at my commanding premium lolz
Reach is safest PROVIDED you buy at IPO price 75sen because after 3 years if no QA, you will get back 76sen. But after listing if u buy at 90sen, IT IS NOT SAFEST! Dont get misled by the word SAFEST!
In fact if you didn't get the Reach IPO shares, it is safer to buy Daya shares as indirect entry into Reach. Daya has 1.7% of Reach. Best part is Daya bought that stake for only 45sen well below IPO price of 75sen.
heeheelim, what price do u think Reach will open? 75sen? 80? 85? 90? 95? Keep in mind 98% of Reach shares are in very strong hands (institution & high net worth individuals).
If Reach open at 90sen (up 20%) do you dare chase? In that case, it is better to buy Daya which has a 1.74% stake (bear in mind Daya's cost only 45sen).
I'm guessing based on past listings of SPAC, the opening price will be RM1.00 (inclusive of both mother share + warrant) and will hit the high of RM1.15, netting those rich baggers who managed to get allotted the pre-ipo shares a cool 53.33% profit. Note that those who managed to get the allotted units will have a free warrant and hence the price mentioned earlier is the combination of both mother share and warrant. Mother share price open price will vary between 0.80 to 0.98, banking on the warrant that it will exceed 0.15. Was unsuccessful in getting allotted, not a single lot. Damn angry. Will be jumping into its mother share if its RM0.85 and warrants at RM0.1...damn those rich buggers scooping up everything all the time..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tewnama
4,251 posts
Posted by tewnama > 2014-08-07 17:54 | Report Abuse
42x! ini menunjukkan ada banyak duit dalam kitaran kewangan