I anticipate the rights shares should be traded at 0.13 or 0.14 comes 25 Nov. Then the warrants should be at 0.03 or 0.04. Profit wise, minus the calculation of the mother shares bought, if one who subscribed 100,000 shares of the right should be about 3,000 to 4,000 + 2,250 to 3,000 = 5,250 to 7,000.
Remember tat those taking up the rights with free warrant will not loose much.
Hence, it is norm for the price to adjust lower until the dust settles after listing if the shares/warrant.
The company is not that bad afteral. You guys can use Bornoil trend as guide.... but the best is EG that keep going skyhighed after rights issue and the share price still steady.
Noting is impossible friend, shouting happily here no use. I hav been in Glotec since 20th AUG 2014 until now. Only c some movement. Cut loss many n go to other counters make money than come back, sometime I make some in Glotec. After all now I make money in Glotec. Thanks Glotec let me learn alot n my friends there with I dont know how their look.
i) additional 278,179,000 new ordinary shares of RM0.10 each issued pursuant to the aforesaid Rights Issue of Shares with Warrants will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 24 November 2015; and
ii) 208,634,250 Warrants issued pursuant to the aforesaid Rights Issue of Shares with Warrants will be admitted to the Official List of Bursa Securities and the listing and quotation of the Warrants on the ACE Market will be granted with effect from 9.00 a.m., Tuesday, 24 November 2015.
The Stock Short Name, ISIN Code and Stock Number of the Warrants are "INIX-WA", "MYQ0094WAUB7" and "0094WA" respectively.
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....
thesteward
6,782 posts
Posted by thesteward > 2015-11-02 20:36 | Report Abuse
hi anyone knows when the rights share will be listed? thanks