shd be some news coming out from AZRB & also Eversendai soon if refer to the news about the special trip with XXX so better dont miss the flight to buy it low o;)
if look from the technical chart azrb shd be bounce by this wk which ad started last wk boost from 0.64 to 0.78 now adj to 0.76..watch out for 2nd round o~~~
buy when not much ppl notice n sell when everyone notice heheheh:) can foresee it will be the same trend as Kimlun when the time announce the free warrant..mother fall from 1.7 to 1.55 n after warrant is up see wat is the price now?stood back ard 1.7 range^^ so i can feel tat AZRB price acting the same which fall to 0.645 n slowly pick up 0.78 n more coming soon^^
Last time, I told you to buy at RM0.68. Now already RM0.76. If you want to lock profit, go for it, but I'm waiting. I know they are going to get the money for the Al-Faisal University soon. Then book it as Extraordinary Income.
You want to make money? Buy into AZRB-or now as it is an arbitrage play! You pay RM0.33 for the rights and pay additional RM0.50. What you will get is a mother share worth RM0.81 and a free warrant that is in the money and have a 10 year life. The difference is RM0.02. Now this warrant could possibly trade around RM0.25-0.35. And you are paying only RM0.01 for it. This means that AZRB-OR should trade in the region of RM0.41-0.43.
You pay RM0.33 for the AZRB-or and you fork out an additional RM0.50 for the conversion. Total outlay is RM0.83.
What you get is AZRB worth RM0.81 and 0.5 AZRB-wa worth RM0.26. Total gain is RM0.81+RM0.13-RM0.33-RM0.50 = RM0.08. So this means AZRB-or should be priced around RM0.33+RM0.08= RM0.41.
Ya. Agreed. The warrant should trade in the region of 0.30 and above given it is in the money. I think the previous few issuance of warrants wid rights issue ended up at 0.30 even when out of the money. Imagine the price of the or a week ago of 0.23 only
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ryan7642
1,998 posts
Posted by ryan7642 > 2014-04-15 10:24 | Report Abuse
wow wat an attractive price good buy for now i guess:) buy 0.775 maybe wait till 0.9 again n sell heheheh^^