After Amcorp Boss Datuk Hashim offered to take private from 54.5 sen to 90 sen another generous offer to take private MMC by Syed Moktar for MMC from Rm1.30 to Rm2.00
Why leh?
Answer:
BECAUSE OF NET NET ASSETS OF HIDDEN VALUE
AMPROP Got lands in Seabana Cove Book Value only Rm2.50 psf
MMC intrinsic value is much higher. SM can afford 2.5 etc, increase and we all vote in favour and we say goodbye to the goose that lays the golden eggs, forever
Current price 0.385 Exercise price: 1.2 Ratio: 3.8
Assume mother is 2.2 next trading day 2.2 - 1.2 = 1 01/3.8 = 0.26
C28 current price is 0.385 vs 0.26. Then isn't c28 also overvalued? Now c28 has limit up without sellers. How does this differ from C25 example you shared but c25 no one wants
for me, I will sell all of them. or leave portion see tuesday can sell higher.
All this happen by investors action, nothing can guide which is correct. Remmember, last year Glove counter up put warrant still can up, will you buy in ?
@keown83 I am also new to this, but from what I try to understand here, mmc will continue to be tradeable at the open market, even if the price go above RM2, until the management call for EGM for the voting to pass this proposal, the requirement to pass is that no more than 10% rejection. if it fails, the boss might offer higher price (best senario), or boss u turn cancel it's privatization intention, then price might drop back to previous stage (worst case). if success, then wait for the exercise and payment date of the
Those who already sold are clueless how to make money from stocks.... this kind of golden opportunity don't come everyday....Tuesday most likely will limit up again and no one may get a single ticket.. some more got ppl say will sell all their tickets today...LOL
@depecheM imo it is very basic thing everyone who invest in klse should read comments here in i3, especially when there is big movement in the stock price. it is as basic as reading product review before you buy something
depend on the banker want to goreng or not only.Now no buyer,they must attract buyer in order for them to sell.How to attract buyer?Pushing up the price.
calculate so much for what,most of the time rubbish stock also can up crazily.For trader,no need to calculate too much.Just follow the wind.Long or mid term investor must calculate.Today buy CW ,Tuesday already sold with profit,even this cw is not worth this price.
DepecheM...i am very puzzled too why who hold tickets sold 1.69 today when friends asked me just now. Ha ha, they know something we do not know yet? Tak faham 04/06/2021 1:25 PM
not all counter behave like that la..u can do that to penny goreng stock..we are talking about giant like mmccorp..there's a reason why giant counters never dip too low for no fundamental reason..if not then even airasia can go up to RM10 right now even though its ridiculous like sedania & dataprep which have no fundamental background yet price goreng like no tomorrow
apa (lin )pun got people buy in later near closing. Otherwise,whatelse can you buy now?all limit up lah tuesday,hopefully.people are greed.So ,later apa lncau pun will limit up i think.
@Aliyusof... probably they'll say..." I am not greedy lah...39 sens gain enough already..." but they can't tell Tuesday would surely gain more?...no risk... just need to wait till Tuesday... don't understand.
Not all CW LU..meaning, they know the limit.. Operator maybe play with the price with the hope somebody will buy it at high price..still can profit today or Tuesday but probably trap another investor..only C23 look nice to buy today because the price below 0.357..but now no more..i'm able to sell 38 cent from 34.5 cent instead can sell higher because suddenly drop to 37 cent because of greedy waiting for LU..huh
Inv3st0r69 how is that possible? limit up more than rm2? errr the offer is rm2.. why would u buy more than rm2??
SincereStock @keown83 I am also new to this, but from what I try to understand here, mmc will continue to be tradeable at the open market, even if the price go above RM2, until the management call for EGM for the voting to pass this proposal, the requirement to pass is that no more than 10% rejection. if it fails, the boss might offer higher price (best senario), or boss u turn cancel it's privatization intention, then price might drop back to previous stage (worst case). if success, then wait for the exercise and payment date of the 04/06/2021 12:42 PM
Hi Inv3st0r69, See SincereStock good explanation above. Hence, the answer to your first two question is yes. The third answer would depend on each individual whether they want to take risks and be greedy or not
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