@moneytrail , this is what you can find by reading the circular , if by the share price of 78 cents , the discounted share price after free warrant will be 75 cents. 79 cents , will discounted to 76 cents. And if 76 , will discount to 73 , so their calculation is discount the share price by 3 cents.
So if coming mid June , which is the tentative ex-date for the free warrant , the share price should drop by 3 cents from wherever it is at that point. Hopefully way above 1 ringgit , like 1.20 , then discount 3 cents become 1.17.
Meanwhile , I think the warrant should be priced around 10-20 cents range , I don't really know , just a wild guess. But people sure goreng it to go up by 100-200%.
Outlook The group’s long-term goal is to be a global OEM in the automotive cables and medical devices industry. The consolidation of SMP’s results in 2018 not only significantly enhanced the profitability of the group, but also created various synergies within the companies of the group, thus providing a suitable platform for STB to become a key player in the medical devices supply chain in near future.
In order to achieve better returns for the shareholders, the Group will likely remain focus on the manufacturing of medical and automotive cables, particularly the development of new products that meet the stringent requirements of the two markets. The company is currently within sight of finalising the development of medical cable designs for Class II (moderate to high risk to patients) medical devices, although it is still too early to give an accurate assessment on any major financial impact of such development.
The Board remains cautiously optimistic on the prospects of the Group.
@moneytrail , I don't see any other opportunities now , especially when May is here already... Just gonna hold until warrant then see what to do with this stock...
@investar2862 , PE too high la , cannot invest long term.... drop 3 days already , today up a bit only , engine no more steam...
Now that with their key medical device customer setting operations in KL, fairly certain these medical device MNC will leverage their existing supply chain to grow, and SMP is well position to ride on this relationship.
The exercise price of the Warrants has been fixed by the Board at RM0.65 per Warrant (“Exercise Price”), which represents the five (5)-day volume weighted average market price (“VWAP”) of STB Shares up to and including the LPD (“Price-Fixing Date”) of RM0.65 per Share after taking into consideration the following:-
(i) the historical price movement of STB Shares;
(ii) the prevailing market conditions; and
(iii) the future working capital requirements of STB Group.
see la tomorrow sure drop back one this pump cannot sustain coz this pump is mainly people want dividend and the free warrant coming on mid of June only , stinky rubbish stock.
Hi all sifu , appreciate if you all can educate me on the free warrant. The ex-date is on 14th of June , do I need to do anything or fill up any form in order to be entitled to the free warrant? Thank you in advance!
HAHAHA , now I know Yu_and_Mee is another noob , break 1.10 before 14-Jun? In your dream la. Can break 1 ringgit you should roast pig for your god already. The free warrant given also likely wil not make money.
come bet la , yuandme so confident will go up 1.20 before warrant ex date ma haha , why no dare bet? QR until now haven't release , you know bad news coming already.
hahaha , at the end talk so much can be summarized to your price target is not well research or based upon any analysis , just your own wet dream only. Sikit sikit dont want to bet , then you tell me how much you want to bet lo? :D See , QR still havent release until now woh , scared or not?
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....
LiimInvest
2,267 posts
Posted by LiimInvest > 2019-04-29 21:57 | Report Abuse
Confident ! Hold hold