@fujito, no mention about the QR, there are only 2 questions from the viewers. And it's silly question. Someone asked if AMTEL will be giving away free smart card to shareholders. Voting also was very slow and lack of interest. When it opened only 70 voted to pass the resolution and 1 voted no (with 1 share), After giving a few minutes, in the end a total of 72 Aye & 1 Nay.
And the directors and Chairman concluded that the resolutions approved. And that's it. Hopefully after 5pm today we'll see the entitlement date.
Early February 2021 - Announcement of Bonus Entitlement Date
End February 2021 - Bonus Entitlement Date - Listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities
Early March 2021 - Announcement of Warrants Entitlement Date
Mid March 2021 - Warrants Entitlement Date
End March 2021 - Listing of and quotation for the Warrants on the Main Market of Bursa Securities Most probably will announce ex-date for bonus entitlement today
@HamsterHuat, share price going up depend only 30% on company performance and 70% on institutional fund buying. Top Glove has good company performance but share price keep going down because lack of buying from institutional fund.
Looking again at the announcement made by AMTEL regarding the bonus issue on Friday, I'm certain that the bonus issue ex-date on 22/02/21 does not include the free warrants. It's the similar to SCIB and not like EITA, Which in a way is a good news.
Because between theoretical ex-all price and theoretical ex-bonus price, the latter will give you higher price on ex-date
Assume closing price for AMTEL on 19/02/21 is RM4.20
AMTEL Theoretical x-all price
(last cum price x 1.0) + (warrants exercise price x free warrant ratio) __________________________________________________________ (1.0 + bonus issue ratio + free warrants ratio)
Last cum price = RM4.20 Warrant Exercise Price = 0.65 Free Warrants Ratio = 1:2 = 0.50 Bonus Issue Ratio = 1:2 = 0.50
(4.20 x 1.0) + (0.65 x 0.50) _________________________ (1 + 0.50 + 0.50)
@juleslim, from klse daily trading data. For the last three days, institutional buyers contribute approx. 68% of the trading. So very likely the price will hike after CNY. Anyway, this is just my observation and prediction. Trade at your own risk.
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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....
happyhigher
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Posted by happyhigher > 2021-01-26 19:07 | Report Abuse
Today egm