@investstar2862 , not worrying , just want to know more and understand more about this trade. @huat1 , I believe bonus warrant AND DIVIDEND is the reason , coupled with strong growth and insider support of the price. That being said , you believe this stock will go beyond 1? @yu_and_mee , you don't make sense . ok if they delay the announcement to end of April and you believe price will go beyond 1 , why not reenter now? you still have 11.5 cents of profit go.
Nonsense I tried to trigger and see is there any buy q on 0.925.Nothing happened.Bought 2200 shares to test and see.This stock no one watching now industrial and construction is in play.Maybe in next few weeks.
@jigsaw , When? I don't see the dates also.... no exact date gua? They say Q3 only.
@shinnzaii , good good , hope you make money also ya , buy now la Scomnet , wait what? All dai lou say can go to 1.20 , buy now at least 20% return hehe.
@liiminvest , Still holding , traded the stock a bit , but still holding.
total dividend 1.5 cents , ex-date 29th May , which mean if you hold Scomnet shares until 29th of May ( Wednesday ) after market closed , you are entitled to 1.5 cents dividend , the payment date will be on 14 Jun ( Friday ).
Not sure what to feel about this announcement , people might sell first and buy back in later seeing the ex-date is still so far away.
If you are short-term player, you should have sold at least half of your holdings (lock in profit) on Friday where the stock price went up slightly above RM1.00
Why??
Because the stock is already in OVERBOUGHT zone! It has rises for a few days already So, unlike long-term investors, short-term must use and follow charts signals.
Longer-term investors do not worry about short-term pullback (volatility) as the stock is on strong uptrend trajectory.
So, investors/traders must know who they are and what should they do in response to price action in the short-term.
@investstar2862 , If the warrant's exercise price is 0.65 , and of 5 years maturity , what do you think will be the price of the warrant when it lists? So do you think the stock price will recover and go higher than 1.01 in the medium term? Say within the next 2 months?
Tentative timeline 28 May 2019 - EGM End May 2019 -Announcement of the Entitlement Date for the Proposed Bonus Issue of Warrants Mid June 2019 - Entitlement Date Early July 2019 - Admission of Warrants to the Official List of Bursa Securities and Listing of and quotation for the Warrants on the ACE Market of Bursa Securities July 2019 - Finish listing of free warrants
@yu_and_mee , walao eh what do you mean unknown skin , skin no skin , talking about sk ii here meh , we talking about stocks leh. If you have no skin in the game , and no scomnet stocks , then really cannot advise. Waiting for you to jump on the scomnet train with us.
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....
Huat1
2,509 posts
Posted by Huat1 > 2019-04-18 16:49 | Report Abuse
Bonus warrant is the stimulus for the stock ptice to rise. We buy share for profit from its ptice action. So look at the price movements - directions