my analysis about hiaptek - steel price is higher compare to last quarter, meaning coming quarter will be higher profit provided the global steel price maintain - annjoo can grow from 50c to RM2, and if u check back the trend, share price slowly increase since beginning of Dec - hiaptek wb expire soon, if they manage to control mother share above 50c, investors will exercise it, get more fund Overall, still recommend a buy call for Hiaptek
" If the common shares move to $25, the preferred shareholder gets $125 ($25 x 5) for each $100 preferred share. That's a gain of 25% if the investor converts and sells the common stock at $25.
The danger in converting is that the investor becomes a common shareholder, at the mercy of the swings in the stock price. If the price collapses to $15 after conversion, and the investor didn't sell at $25, they are worse off than they were before. They own $75 ($15 x 5) in common shares for each preferred stock (worth $100) they owned, and they no longer receive their fixed dividend or claim on assets."
1. Details of corporate proposalWhether the corporate proposal involves the issuance of new type and new classof securities? N
Types of corporate proposal : Conversion of Loan Stocks
Details of corporate proposal : Conversion of RCUIDS to Ordinary Shares
No. of shares issued under this corporate proposal : 120,000
Issue price per share ($$) : 0.5000
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the followingUnits : 1,401,683,934
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 700,841,967.000
Steel counters also facing sideways or some mild correction n Hiap teck latest quarter result is good but confidence level of many retail investors is kind of below average..... This counter has many retail investors, need higher confidence level to go up ...
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....
MoneyHeist
614 posts
Posted by MoneyHeist > 2021-03-26 12:28 | Report Abuse
Big shark came on 0.495, 0.49, and 0.485. Something is brewing. Cheers. Thank me later. See ya