Follow the warrant. Warrant price RM0.20. Warrant conversion RM0.27. Mother share theoretical value is RM0.47. Something is coming up. If not why would anyone buy the warrant with less than 1 year before expiry.
Cuscapi quarter report summary: 1) Revenue drop to RM6M ~ Bad, expect same as last Q 2) Lose RM4M ~ Expected, as new contract Q3 only count 3) Management said on track to install 25000 tablet ~ Good, expected 4) Inventory increase to RM16M from RM4M ~ Good, guess the company used RM12M to buy the tablets to install. Next Q will translate into Revenue 5) Cash flow increase to RM9M ~ Good, expected. Due to private placement, new investors inject RM9.7M cash into the company with each share RM0.223 after 10% discount.
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....
bowman
2,594 posts
Posted by bowman > 2017-04-26 10:03 | Report Abuse
Flag breakout. TP 0.35. Watch this counter.