Dear Mr Jasonwong89 and Mr Duitlai, roughly when the ex-date will be? Really got potential go above RM10? Today seems no buying volume. Selling pressure is very strong.
Good to buy now. Down on thin volume is positive signal to collect if we look positively at what Mr RC15, Mr Jasonwong89, Mr Cowboy and Mr Duitlai have commented.
The present market value of NARRA also suggests there is more upside from our FV, as its last close suggests that HLI could be worth MYR9.49 on a cum-dividend basis at the former’s last close.
It might also strike RM9.49 before ex-date according to RHB research.
The value of HLind when given 1.08 Narra shares = HLind @ 8.57 + Narra @ 5.25 X1.08 = 14.24 ? Is this correct? So it is still very cheap to buy HLind at 8.57 now?
Hlind shall trade at PE 10 times after ex date,that is ard rm5 basing on EPS of rm0.50.Adding back 1.08 Narra at present price, hlind shall worth abt rm10+ before ex date.anyway there could be some selling pressure on narra upon listing of the new shares later
Hlind-Ca shall now follow the mother closely,if Hlind can touch RM9, Hlind-CA shall trade around RM0.30+...every RM0.10 rise in mother shall result to a Rm0.0167 rise in CA.
Assuming Hlind touch RM10 before ex date, CA shall trade ard RM0.46+ (at zero premium). While the return for mother is ard 16% from current price of Rm8.63, CA's return is abt 70% from current price of MR0.27
The problem of this CA is that when announment made to distribute 1.08 of Narra, for those holding CA either dispose or topup 7.20 to convert into HLI in order to earn the Narra share. If not, will be burnt.
Cowboy, how to convert CA if it's a call warrant but not company warrant? It was issued by the bank but not company, European Style Non-Collateralised Cash-Settled. Most probably the exercise price will b adjusted like CMSB call warrants. =.="
the CA exercise price likely to adjust down after ex . but to what quantum ?would it be 7.20-narra price before ex? or 7.20- an average3 month price of narra ? or any other calculation that I don't know ...any wise folk can help ?
See?? My bachelor in Actuarial Science lah, I knw more about financial market stuff than my dealer. HLIND is a dam stupid stock to play with, I had cut lost & move on to SCIB, DGB & AT.
林俊松, Soon Hlind share holders will be given free 1.08 Narra share for every HLind share. Narra share is now trading at 5.05 . This give HLind value at 8.5 + 1.08 x 5.05 = 13.95. !
Novice168, you can't calculate like that, Fair value for HLI share would be 5.00 after distribution of Narra shares; so theoretically HLI is worth 10.45. (5 + 1.08 x 5.05). This is only on paper though. Just waiting for it to cross 9.00......;o))
HLI hit historical high of 8.64 2 days ago ....most investors n punters (if not all) made money so far on this counter.. does it mean that Lim bought at 8.64, so he is losing money now ?
There will not be any selling pressure if announment was made when price below 10 level bcas both stocks still at the cheap level, HLI 5.2 + Narra 1.08*4.6
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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....
8wpwtmt8
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Posted by 8wpwtmt8 > 2014-09-11 15:19 | Report Abuse
Dear Mr Jasonwong89 and Mr Duitlai, roughly when the ex-date will be? Really got potential go above RM10? Today seems no buying volume. Selling pressure is very strong.