Yes, I bought more too today. The price down due to arbitrage activities and also some parties pushed it down on purpose so that they can get the excess cheap cheap !!! Only 20% is underwritten by underwriter with the rest (80%) to be subscribed by three major shareholders. So, it will not be under subscribed!!!
Arbitrage works only if you have bought cheaper.most parent share held are higher priced. arbitraging is like cutting your nose to spit your face because the action is in effect taking a loss on old stock
WCEHB - Notice of Rights Entitlement WCE HOLDINGS BERHAD
1) The Right commence of trading : 25 Oct 2019 2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer : 29 Oct 2019 3) The last day and time for Acceptance, Renunciation and Payment : 11 Nov 2019 4) The Rights cessation quotation : 04 Nov 2019
How to pump n dump when most people's holding cost is much higher? 35.0 is just ex reference price on 23rd Oct, YES, let's pump it up to 50.0 sen!!! Cheers!!!
So wcesb should worth (193/772)*(0.8*RM3.8338)=RM7.667B
Total construction cost is RM6. 69B
80% FINANCING RM5. 352B
EQUITY VALUE WORTH =7.667 - 5.352=2.315B
Wcehb, 80% is worth RM 1.852 B
This has not added the Bandar Rimbayu.
PLUS has 19 years concession left.. WCE has 50 years..
Distance is shorter from Taiping to Bukit Raja via WCE, 248km and 83 km built by the govt is toll free.. flat terrain, ports to ports..165 km is tolled
Whereas via Plus, from Taiping to Bukit Raja is 265 km, full tolled.
Based on my research on PLUS Expressway, their share number was 5.0B (oppose to potential future share number for WCE of 3.0+B), so I would not be worry about the dilution, as long as the profit and revenue is good for WCE.
Not yet but need to flush out some speculators first, creating some panicking first, expecting one more round of price surge just before the RCPS listing so that RCPS and warrant can be listed at a good premium. Cheers!
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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....
LKOH
365 posts
Posted by LKOH > 2019-10-29 20:22 | Report Abuse
How do u know till collection for WCE starts from Dec 2019