Never sell back to them at 2 cents...let see how long they could afford to press down to 2.5 cents...one year ? Then we keep for 2 years as long as mother share doesn't fall below 25 cents.
In share market especially those under syndicate control everything possible, share price may drop to 25 sen or even lower. No such thing as risk free investment here !!!
it happened in Permaju few months ago when mother was trading above 40sen and PA was 7sen and conversion is 5:1 or 25sen. many were caught after 2 weeks mother share drop to below 20sen.
Better buy and keep pa...no point take the risk converting to mother share. But it's not easy for focus to drop to 25 cents or lower because Fintech, UBS AG and Credit Suisse jointly hold more than 50% of focus share capital. I don't think they will let it happen unless they themselves sell all their holdings.
Can anybody know who's selling the pa ? This guy can set the programme selling at 2.5 cents, no need to line up also could sell instantly at 2.5 cents.
Focus just bought 30% of LKL at just 25 cents a share but today LKL already finished at 45 cents. Just imagine how many millions extra they gained from their latest investment.
I think Focus is a better bet than Fintec as Focus is cash rich and recent 4 quaters also performing well..if the acquired price of 30% LKL is 25 sen then how much profit gain if share disposal now..so I think Focus cash also partly generated from equity investment
Moving forward...Focus will only perform better qoq & yoy.... the only bit I don't like is the share split... too diluted then... they split because of demand from Fintec? I don't understand
Split means around 20 sens a share if it goes back above 0.60... when to hit at least 0.80.... which is the exercise price of its warrant.... but many sapu warrant at 0.01 and 0.015 anyway... because maturing in 2025....I sapu too...so, this counter will reward in mid-long term.
share split and consolidation of shares are all done for the major shareholders and the key personnel's of the company's benefit. the approvals are imminent as bursa not really focus on minority's benefit.
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....
howard
212 posts
Posted by howard > 2021-04-07 15:33 | Report Abuse
and i didn't said i got bought mother and keep ask people buy, i just told monitor first to make sure before enter
howard same pattern again, monitor see first is it queue buy at 0.460 or 0.465, and able sell at 0.470 or 0.475 before you enter.
07/04/2021 11:41 AM