Update after today closing, FINTEC 90 days historical volatility was 121.25%,
Input Interest Rate of 2%, and Dividend Yield of 0%,
We get: FINTEC-WA Implied Volatility is 69.1%, FINTEC-WB Implied Volatility is 81.8%, FINTEC-PA Implied Volatility is 0% or not meaningful as there is no premium.
Average of the above 3 Implied Volatility = 50.3%
Input this volatility = 50.3% into my spreadsheet, the results: FINTEC-WA fair value = RM0.0403 FINTEC-WB fair value = RM0.0642 FINTEC-PA fair value = RM0.1365
I seriously doubt Fintec will give dividend. They have far too many private placements out there. I am sure the placer will prefer the new fair value of fintec than the dividends. Just be patient folks.
As for PA conversion, I have thought about it for sometime.
At current price, holding PA giving you little benefits IF THE PRICE OF FINTEC FALL FROM 18C. Like today, it touched 19c but fall back to 17.5c.
Fintec mother 17.5c , PA ( 8.5c- 9c) Eventhough if you convert,can earn some, but doesn't have much effect. Mother up 1 cent, fintec also up 1c. Does it matter?
I seriously doubt Fintec will give dividend. They have far too many private placements out there. I am sure the placer will prefer the new fair value of fintec than the dividends. Just be patient folks.
As for PA conversion, I have thought about it for sometime.
At current price, holding PA giving you little benefits IF THE PRICE OF FINTEC FALL FROM 18C. Like today, it touched 19c but fall back to 17.5c.
Fintec mother 17.5c , PA ( 8.5c- 9c) Eventhough if you convert,can earn some, but doesn't have much effect. Mother up 1 cent, fintec also up 1c. Does it matter?
Suggest shareholders to vote against in the coming agm, prevent PO and RI, the bod should dispose Focus to cash up instead of PP & RI to dilute shareholders
Zouk Club was old news. They abandoned the Zouk acquisition because the Zouk Owner trying to be funny lah. Fintec did wanted to acquire for 28mil but tak jadi later.
Good thing in a way...look what Covid19 had done to the entertainment & tourism sectors..
pineapple123 Zouk Club was old news. They abandoned the Zouk acquisition because the Zouk Owner trying to be funny lah. Fintec did wanted to acquire for 28mil but tak jadi later. 03/09/2020 1:34 AM
Wait until 30 September and see whether Dow Jones can hold, KLCI can hold and Focus can hold around Rm2.40. If all can hold, Fintec is going to have fair value gain of about Rm 800 million, that will make the fair value gain of Rm128 million just announced for Quarter ending 30 June chicken feet.
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....
Uptrendwave
143 posts
Posted by Uptrendwave > 2020-09-02 16:06 | Report Abuse
CyberShot based on what you commented on Fintec?