do you know the right is 1.00 cost ? let me ask ask you, you think those big guys will use personal cash to subscribed the rights or borrow from bank ?? of course use bank money !!!! but sell off the money become personal cash ! this is very basic corporate game, all plc know the trick !!! if you r the big guys, you want cash in pocket or paper gain ???
maybe some weak holders will sell, but I don't think it will depress the price much, there's still a lot of pent up buying energy with good news to come
- Sarawak Cable Bhd (S Cable) announced on Bursa Malaysia yesterday that its rights issue was oversubscribed by 9.7%.
- The rights issue received 77.3mil valid acceptances, or 99.6% of total rights offered, and another 7.8mil in valid excess applications.
- A total of 77.6mil rights shares would be listed on July 31.
- The rights issue, which raised RM77.6mil, would be followed by a 1-for-5 bonus issue of 46.6mil shares that is expected to be completed next month.
- Our channel checks suggest that a state meeting would be held next week to discuss the award of the 500kV backbone line (transmission package worth ~RM1bil).
- As such, we opine that Sarawak Energy Bhd might announce the award of the 500kV line as early as next month, after the bonus issue is completed.
- Being the only integrated power cable and transmission player in the state (and region), we believe SCable is the frontrunner for the job.
- The 500kV needs to be implemented soon in order to support the intensive power needs of investors in SCORE. The recent state-wide power outage in Sarawak further underscores the need to expedite this.
- Note that SEB has committed the entire firm output of Bakun (1,777MW) and Murum (635MW) to SCORE.
- With the RM3.5bil Murum dam to commence operations soon, The Star recently reported that another two new dams might be in the pipeline:- (i) 1,200MW Baram Dam, and (ii) 1,300MW Balleh dam. S Cable might benefit from new transmission jobs arising from these.
- We maintain BUY on S Cable with an SOP-derived fair value of RM2.50/share.
i'm giving advises and u saying me raining others??? surely profit taking and correction will happen after big rise, isnt it? so i'm just telling our members to take profit 1st...and u're angry with me divine just for that? am i not saying the truth???
bet on your credibility? go fly kite...i've told that it will be under 2.00 when it was 2.04 ...and what were u telling at that time??? don't bet with me...people who sold above 2.00 can buy at 1.98 as much as they want just now...so who is to be blamed? me? haha
this guy said just like this in sendai :I don't even bother if it goes down because the tp is RM 2.09 for sendai" Then what? he left sendai...dia boleh lari...org lain jangan lari sebelum dia lari...kepala hatok dia!!!
think buy/sell is solely own decision for all trader/investor. and different ppl got diff risk appetite and certain ppl are in short term and certain ppl are in long term. There is no right or wrong as both crawler and anbz are looking at different angle (in either short term or long term). My personal view is for those short term one price may have correction due to price has been up for several days while for long term investor may see good to keep as still got potential in future...
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....
keyin
2,150 posts
Posted by keyin > 2013-08-12 17:16 | Report Abuse
No more below rm2.00 la.....now waiting fly to rm2.50...hihi