Though its warrant will expire in 2018 , major shareholders are converting its warrants to mother share which cost more if it were to be bought from market . E.g warrant 91 cts Mother share 133 conversion 60 cts 1:1 , so 91 cts +60 cts =151 vs mother 133 diff 18 cts The question why convert when u r losing 18 cts per share ? but the major director was converting it ? there must be reasons for conversion ? he easiest way is to dispose in open market where it can fetch a better price , why the troubles of converting ? I see no logic in doing that ! may someone enlighten me the reasons behind?
Same for me, I don't really understand about the mechanism of the warrants here but I notice the shareholders had been converting/disposing the warrants for the past few weeks.
So if they are really converting then they buying at a price higher than the mother shares which is not logical.
SO BUYING WARRANT MAY NOT BE A WISE MOVE AFTER ALL IF THE SITUATION CAHNGES FOR MOTHER AND LIKE GIVING HIGH DIVIDEND , RIGHT ISSUE , FREE WARRANT ,SHARE SPLIT AND BONUS SHARE ...SO MUCH TO LOOSE IF BUYING LONG TERM WILL NOT BE FEASIBLE AT ALL UNLESS U ARE A DAY TRADER.
once leaves pn17 , it will be a shooting star to watch ..140...1.80 when its eps has reversed from losing 11.80 cts/share to +ve 12.13 cts/share ? What a feat ....!
yea once pn17 settle, can not only break 1.55 (that is fair value) but can easily shoot to 1.70-1.90 range because of market sentiment and semi-efficient market conditions in the Msian equities scene. If u have extra cash and don't mind waiting for a few weeks or months, load up now and you will make around 20-25%. Have faith bros, this is almost a certain thing, only thing is we do not know when...
I read an article in last month's The Edge, Ho Hup will submit application of uplift from PN17 by end of February, I think most probably after announce latest quarter's financial result
" Subsequent thereto, the Company has fully remedied the event of default under PN1 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and no longer a PN1 status company."
Guys congrat ho hup exit pn1 Liao. Soon exit all the pn. No wonder up today.
With reference to the announcement dated 29 January 2014, the Board of Directors of Ho Hup wishes to announce that the Company has fully settled all the sum claims by the following financial institutions:- Financial Institutions Type of Facilities Malayan Banking Berhad Restructured Term Loan Facility Alliance Investment Bank Berhad Revolving Credit
Subsequent thereto, the Company has fully remedied the event of default under PN1 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and no longer a PN1 status company.
^once the directors make an official announcement of the repayment of defaults then gg la. Don't be a pussy and do t+3. Hold for next few weeks for full profit.
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....
MrTigerShark
187 posts
Posted by MrTigerShark > 2014-01-22 10:26 | Report Abuse
CONMAN KING CALVIN TAN IS A LONELY DESPERATE OLD MAN IN SINGAPORE!!!!!GO AND CHECK IT OUT!!!!