I am GheeKong.By killing the warrant,he will increase his shareholding in OSK. Nobody will exercise to convert to the mother share except him. That is the only way for him to takeover OSK after 22nd.July,2020. Highly likely that this will happen. The question is how much will he offer.
It is important to ask,he and person acting in concert (PAC) own how many of the 356,577,165 warrants. By converting the warrants that they hold,they will increase their shareholding in OSK as nobody else will convert when the mother share is below 1.20 ringgit. When they convert the warrant,will their combine holdings go above 50%.
He is paying 1.20 for something which is worth around 2.40 ringgit. If he were to buy the millions of shares in the open market,he will definitely push the price of the share up way above 1.20 ringgit. Therefore it is cheaper to convert the warrants into the mother shares.
Q4 announce soon. Most likely RHB will still doing well, with Market cap RM23B... Osk owned 10%...of RM2. 3B larger than OSK itself. The Most probably OSK property doing well as well
No point for cow here cow there.... Many counters in recent market even worse... And many no sounds out... at least OSK businesses is sound.. It's a matter to time
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....
Outliar
302 posts
Posted by Outliar > 2020-01-31 18:05 | Report Abuse
96 cents no share bb?