unless this counter goreng from tomorrow from 0.45 cent to 0.60 cent on 24 dec than on ex-date should be start from reference price 0.30 but due price surge from 0.45 cent to 0.60 cent within last few days trading. on ex-date amedia surpose trade at reference price 0.30 but it may start at 0.26 or 0.27 cent due to profit taking. If amedia very stable trade in range 0.45-0.47 cent the next ex-date reference price should be more stable or the most 1 or 2 cent difference with reference price.
we r talking on the same thing.however i think the ex price on ex date shall take into the consideration of warrant as well.for example,if amedia closes at 0.46 on 24 dec,the opening price on 26 dec shall b lower than 0.23 and it could be lower than 0.20....
Nobody know what is SM planning, my analysis on VSA hints that they r still very much interested,but for how long ,watch and study it's volume price action
What wt222 saying is true ,don't expect it's price to be divided by two,got to consider the warrant also, this few days r very crucial , not easy to trade,be careful, watch ur chart and volume price action.
Big chance for a discount at ex-date. What is worse the ex-date is on 26 Dec. All traders (in U.S.) on holiday these two weeks. Lack of trading interest is a concern. Even normal investors like us usually off at that week. But for those enter less than 0.40, not likely a concern for long term. But if enter at recent high is another issue.
Having said that, anything can happen. Just like one day before approval of EGM, the price was still 0.38-0.395. With the ex-date announcement, it goes to 0.475 last two days. This is amedia.
Today is T+3 for 36m shares generated from last Friday. So far no sign of selling and the share price remain status quo so could this be the big shark is buying and selling among themselves as they have failed to get retail participation?
Today volume about 10038 lots with a gain of only 0.005 sen , the sudden increase in volume with a narrow spread make me feel uneasy ,with 3 days left it is ok to remain cautious , trading stock has never been easy , so much worst if it belong to an ACE stocks.So, When there is uncertainty , I will stay aside. I still stick to my rule , I will never chase , instead I will try to reduce my holdinds.
In this uncertain time, preserve the capital must come first , then only think about the profit , if there is any doubt, is better to step aside , after all The Market will always be there.
From trading pattern we see huge buying volume up at 0.455-->0.46. But selling volume sudden increase BIG again. This deter the rise. Many are taking profit when price move higher.
In normal amedia case, many people would jump in with the big volume. But this time is an exception.
My broker told me there is no adjustment on the warrant since it is issue FOC but thinks that the warrant should be worth 7-8 cents. However this will put downward pressure on mother share. I think the share price will drop post bonus. Any views on this?
There must be a certain price difference betweem warrant and share. If warrant price worth 10 cent, the only possible scenario shares rise very high. If share price is just 0.17, the warrant price will hardly be 0.10. I just think no one want to buy this warrant at this price while you can pay little more for share.
It takes 10 days to convert warrant. Don't fall in trap to buy warrant when peice suddenly rise. Because it can just down significantly in few mins.
I dont understand, warrant exercise price is 0.25. Based on the current price, ex bonus should be 0.225. Say the warrant is to be quoted at 0.005, is still about 13% expansive after convert. IMHO, the share price will need to be above 0.5 in order for the warrant to be attractive.
free2rhyme0628, What is the probable reason that someone is pressing the price with his 1 lot. Is he collecting and does not want the price to rise or the T+3 date is on 26th and he does not want people to take profit today?
My view is hold if you cost <0.40 and you cant lose even after the bonus exercise. For those who buy at current level is very tricky. If it moves to 0.50 then everyone is happy but if it stays the same then you will be wondering what will happen to the share price after the exercise. Investing is all about taking risk if you think the risk is high at this point then no action should be taken however if you there is a upside potential to 0.50 buying at 0.45 you will still rewarded with 10% profit. Go or no go the decision is yours.
lolz....alot other contra share..this share for long investment....lot buy low price...i think wont go higher if some1 still block the price for profit taking XD
Simple calculation , let say if before Ex the closing price is 46 sens, so after Ex, if the warrant fair price 8 sens , so the mother share will worth 19 sens, if any price above 19 sens, u will gain , if less than u will lose. Case given provide that warrant hold stable at 8 sens.So make ur calculated risk. For me, I will reduce all my holdings as i foresee high volatility of the share and warrant. I maybe wrong , let those high risk takers have their share.
Another example if the warrant hold steady at 10 sens , then the mother should worth 18 sens only , anything above 18 sens u will gain more and below u will lose . It is just logic argument. Please think carefully . Dont expect anything but be prepare for everything.
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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....
Chung
586 posts
Posted by Chung > 2012-12-18 23:07 | Report Abuse
unless this counter goreng from tomorrow from 0.45 cent to 0.60 cent on 24 dec than on ex-date should be start from reference price 0.30 but due price surge from 0.45 cent to 0.60 cent within last few days trading. on ex-date amedia surpose trade at reference price 0.30 but it may start at 0.26 or 0.27 cent due to profit taking. If amedia very stable trade in range 0.45-0.47 cent the next ex-date reference price should be more stable or the most 1 or 2 cent difference with reference price.