i think same syndicate gpacket, eventually permaju will fall back also, just want to trap investor buy pa n convert mother, then after 2 week, drop back to 25sen........ same story with gpacket, better be cautious!!!!
PA is very much underpriced, will catch up fast. Window of opportunity will not stay long before the price shoots up all of a sudden. Last week there a large block crossing (441m shares), judging from the volume traded yesterday and up to now, I believe a very large portion has been disposed in the market between 0.65 to 0.75, and when the disposal is done completely, the price might up suddenly on par with the WA price !
Case in point is XOX-PA and WA, 2 to 4 weeks back, they had been trading at large discount against the mother price, but right now are trading at no discount and at a premium !!
If you got your PA from original subscription (cost 0.05), both conversion method will produce same ROE. If you bought PA (price > 0.05), conversion thru top up 20c generate higher ROE compared to 5 to 1 conversion because your cost will be lower for the top up. Since the PA price now trading above 5c, conversion thru is best bet. For eg.: scenario
A.) Buy PA @ 7c 100Lot + RM 20k top up = RM 27,000 (Cost) Based on Mother price (0.42), Profit = (100,000 units x 0.42) - 27,000 => RM 15,000.00
B.) If buy RM 27,000 worth of PA @ 7c ( 385,714 Lot PA => 77,142 units mother ) Based on Mother price (0.42), Profit = (77142units x 0.42) - 27,000 => RM 5,399.64
Don't be a fool to convert using 5 to 1 method!!!! Can you see how much it make or break???
PA itself has a value of RM0.05, so for conversion u need to pay only extra cash RM0.20 ie. RM0.25 less RM0.05 when u tendered PA plus cash for conversion !!!
PERMAJU already big BULLISH!!! VSOLAR next~~!!!!!!
Why? Read this : -----------------------------
"Latest bid by VSolar is teaming up with Permaju for a RM217 million large-scale solar power project in Seremban. We expect the RI and this one would be big catalysts for growth this time for VSolar....."
The possibility, by the time the converted mother shares were granted listing in the market, the PA might have shot up to 15 sen or on par with the warrants. By then to trade in PA may more profitable than the mother shares
From what i have seen, those counters with high discount on PA (ICPS) and Warrants will eventually close the gap, ie...... XOX-PA & WA, MMAG-PA, WCHB-PA, Ages PA, ARBB-PA, INIX-PA, HLT-WA ...etc...brace for Permaju-PA to rise ahead ! Good luck, folks
I think what most ppl afraid now is the close gap not by the rise of PA but falling down of mother shares,the high discount rate of current PA price is too good to be true.
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....
Dato Seri John Lu
5,187 posts
Posted by Dato Seri John Lu > 2020-09-03 09:39 | Report Abuse
The way they push up like how Bintai push up from 0.315 to 0.94