Dnex is pushing up. Now at RM0.38. Censof is holding RM304 million shares in Dnex at RM0.20. At least there is a paper gain of over RM55 million - converting the paper gain into Censof 440 million shares - additional gain of RM0.125 per censof share. Still a good buy at RM0.585.
439,648,471 shares is the total Censof shares as of 10/9/2014. 6,002,400 shares at RM0.416 is the convertion of RM2.5 million under Redeemable Convertible medium term Notes. Censof has taken up only Tranche 1 Notes of 25 million. As of 10/9/2014, under Tranche 1 Notes, RM22.5 million has been converted. Only left with RM2.5 million. How many of RM22.5 million shares converted has been sold in the open market ?????? Please share if any one knows. Happy trading.
It was a surprise to me that Censof share price was pushing upward before the completion of the conversion of 25 million RCN unless they push up to dispose off the shares. I have been searching for answer that how many shares converted have been disposed. Any idea?
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....
carol717
84 posts
Posted by carol717 > 2014-09-05 22:15 | Report Abuse
When the contract to be announced ?anyone knows?