The fundamental of this counter far exceed its nearest competitor, N2N and even if it goes up now, we can view as the market re-rating this counter based on the latest development, I.e. Free warrant etc. As I said, this counter should worth at least RM1.10 in the very near term.
Monday is the AGM to approve the free warrant, right? Hopefully this counter will fly once this is approved. Looking at RM1.10 in the very immediate term....
The Company wishes to announce that all the resolutions set out in the Notice of Extraordinary General Meeting ("EGM") dated 9 June 2014 were passed and carried at EGM of the Company duly convened and held on 30 June 2014.
My gut feeling is that the exercise price will be around the RM0.60 to RM0.70 level. Assuming mother share rises to RM1.00 by 14 July 2014, then the warrant should be around RM0.30 to RM0.40 level.
The mother share price may come off upon listing of the warrant but I expect it to rise again once the selling pressure subside. What do you guys think will happen come 14 July 2014 to the mother share vis-a-vis the warrant
Good for all then bro. We are all here to make good money from undervalued but performing counters. And this Eforce is really a gem....a hidden one that is.
Yes a hidden undervalued gem, net cash, good dividends, stable and growing business, but most of all, rising share price and management remember to reward shareholders,, lol
Do check what N2N is doing now....both are in the same biz and they are the only two players in the entire market....trading platform for Bursa. if I were to use N2N PE and apply to Eforce, then Eforce should be valued at RM1.45 level
It will come to cross 1.00, maybe to 1.45, sk? fyh, some good news at end of month ? is it connected to the recent directors changing some shareholdings to some one who will come in for some major matters? something coming up, looking at rise todays, seems like it..very good
just hold tight...the news is very positive for the company growth & future looks even brighter! hold tight tight & u will get 100% return for both mum n son.. :D
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....
kinkudes_hc
817 posts
Posted by kinkudes_hc > 2014-06-26 15:25 | Report Abuse
sure kena UMA....