The deal benefit HLI more than Narra shareholders. HLI shareholder get 1 for 1 Narra shares FOC. Whereas Narra shareholder only gets those Hume businesses injected into Narra. So only future profits will determine the Narra share prices. At limit up for 2 sessions, i think is fully valued for the time being and don't forget that HLI shareholders will starts unload this FOC shares once credited into their accounts. Then the price of Narra will skydives.
How come no limit in the afternoon, something is not right and maybe the investors come to their senses. There is no guarantee that the HUME biz injected into Narra will generate good profits and re-rating the share price to 1.30. We need to see the next 2 quarters to determine the value of Narra.
But for time being, those bought at 1.30 that hoping will limit another time in the afternoon session is disappointed it didn't happens and now start worrying it may gives up some of the gains next week.
I agree with stephenbond, it should go up to at least 1.50, but can still limit up. These shares are very scarce, so the demand for them is very high. Hold tight everyone and enjoy the ride!
4u2c hehe ,, lucky lah ,, buy this buy that ,, sure kena 1 mah ,, but today is very lucky , never think narra can hit limit up again .. buy at mp sell at mp .. haha
kcloh, what happened to your friend dave - today appeared today suspended. With him not around you will not have fun. Anyway let's wait for the return of "newbiestock3"
HAHAHA... ok... jz consider tis good advice whc u didn't take.... u fool..... go read d narra announcement first la.. open minded nut wit closed eyes LOL
wah suddenly so many replies from donkey dave after only one simple question whether he bought of not! just like "SUDDENLY" he has Narra stock at 0.43! LOL
HAHAHA on d contrary... if u r following narra u wld know it dropped to 1,54 like 5 6 days ago.... right? I got some at 1.55 ok n all sold n made some ok... but tat was all momentum trades ok...
now u go read d narra announcement... LOL
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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....
0bucks
253 posts
Posted by 0bucks > 2013-09-12 14:33 | Report Abuse
lai liaoo