ATTA GLOBAL GROUP BERHAD (7099.KL) are being monitored this week as the Schaff Trend Cycle levels have shown a consistent downtrend over the course of the past 5 trading sessions. If the levels breach the key 30 level, a market reversal will be likely, according to this signal.
CharlesT ATTA mother shall stay in this level (RM1.00+ to Rm1.20) till Ex Date then shall adjust to below Rm1.00 .After Ex Div of RM0.10 in Sep shall adjust again to RM0.80+.
technicals not good for now: me too stuck at 1.04and 1.00. but diviend coming 10 cents: so my cost will be 0.94 and 0.90. either wait for recovery or EGM to see what develops.
Conversion price will be = Total shares before conversion/ total shares after conversion. So conversion from LA or warrants will be a fraction of the Par value of Rm 1.00.
Fundamentals still look good , PE ;4.92,ROE more than 10%: 11.84, EPS : 16.57 cents /share. Cash;13 cents per share. At price of 83 cents , : 83-13= 70 cents .NTAof 1.54 . for 70 cents can buy Company worth Rm 1.70 share.
Chinese stocks held steady on Wednesday, bolstered by strong gains in resources shares after upbeat industrial profit data and a robust earnings forecast by a major steelmaker helped to ease worries about slowing economic growth, according to the wire report. http://www.klsescreener.com/v2/news/view/285881
I believe the price of mother share will not be affected as this exercise does not increase the number of Atta shares. The company has obtained the shareholders' approval to issue ICPS to raise capital.
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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....
hstha
3,324 posts
Posted by hstha > 2017-09-21 17:33 | Report Abuse
26 Sep 2017 is next Tuesday. Just wait.