last quarter eps 4.55 sen is after deducting FX loss of RM60.9 mil as per quarterly announcement note A 10.... that quarter is because RM USD exchange rate is down from 3.75 in 1 July to 4.39 in end sept ... and huge loan is in USD. am i correct ?
As from sEpt to Dec, the exchange rate had improved to 4.29 .. so when they report Dec result, the profit could have improved by this RM 60 mil before counting any fx gain ... assuming operation profit remain the same? is this correct .? Is this how you arrive at tp 4 - 8 ?
Time they push - to bring the 'dead' warrant back to life :-) Conversion 1.34 :-) So your call what's the TP. At 1.30 sure value investment. Not forgetting fundamentals. RHB stock pick 2016.
Market bought GCB warrant average 10 cts before suspension. Now they want to entice holders to exercise at 1.34 which means cost 1.44. Management only financing option left. So will push GCB to 2.00 to make it sufficiently attractive to exercise. Timing with stellar result reporting before warrant expiry Feb !!!
So be early. Buy below 1.40 - of course at your own risk. But the financing plan is logical. And they can push - as seen in the past but slowly as they do not want us to cash in on their modus operandi. once cross 1.40 you are unable to catch the speed.
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....
grace123
677 posts
Posted by grace123 > 2016-01-31 11:04 | Report Abuse
Or good counter bye.