Waseh, WB finally catching up with mother movement. IF mother TP is RM1.50 to RM1.75, then WB should be in the range of 55sen to say 80sen. WB go go go.
i3, buying LA is additional minor risk compared to mother and actually better option. Look if someone buy mother at say RM1.30, then he/she is optimistic that price will go higher than RM1.30 in the next few days, else why go in at RM1.30? With same optimism, why not go for LA which is 10sen cheaper. The additional risk is the time factor for conversion from LA to mother. If buy mother and goes down to RM1.25 lose money, but if buy LA at 1.20 and convert still make 5sen profit.Wise choice i3.
JamesPond, you are right. That was why I went in again, and let say privatize or take over, once they fix the price, the LA holder will have plenty of time to convert to mother share, so basically by that time both mother and LA will have same value.
WB buyers more right since last week. Kakaka. More important everyone huat...RM1.500000 then RM1.75...Then GoldenShares' RM2.000000...WB 0.50...Then 0.60...then 1.00
If you're a risk taker, buy LA at 1.20 and hold for 12 days until the quarterly interest of 1.5 sen goes XD. Then on or about 28 Mar (please confirm ex date) send for conversion and wait for 8 working days for the mother share to be deposited in your CDS a/c. After which can decide whether to hold or sell mother share. Warning: Buy at your own risk as this suggestion is not foolproof.
Let me explain in this way, say we buy LA at RM1.20.
We imagine that there are 2 parts:
Part 1 is RM1.00 bond, which give us 6 sen coupon rate, so the return of this part is 6% per year, quite good isn't it?
Part 2 is RM0.20, kind of a warrant, this part again split into part 2a (25/55=45%) and 2b (30/55=55%), part 2a expire soon end of June 2017 and part 2b expire end of June 2018.
Using my binomial method, the fair value is RM0.38 for part 2a and RM0.45 for part 2b, sum up the fair value is (25*0.38+30*0.45)/55=RM0.42.
I am just wondering, why MALTON went up a few sen everyday instead of one time of limit up? The syndicate want to escape from BURSA questioning/investigation?
After 4 days Sell off , final batch of Malton sold at RM1.37. What a busy and fruitful week. Tomorrow onwards I can only just sit by screen to Malton goreng! No more Malton to sell...
Bigbull99, remember you sold all your Malton LA to me ? I'm still in, but LA now... Just amazed they can absorbed so much and price keep going up. I believe the group behind it still hold them. Chances some good news are high.
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....
shan75
319 posts
Posted by shan75 > 2017-03-16 10:05 | Report Abuse
1.36 as said........ now 1.50!