40mil of cash mainly from the conversion of ATTA-LA, WB and WC. Let see, the paid-up capital from 70mil++ until 150mil++ today. Increase of paid-up capital + profit - dividend paid out, in fact, we can see there is still cash out flow in this company...... where is the cash outflow went to?
ATTA PA should trade higher than ATTA WB as well as ATTA LA due PA have slightly longer maturity and most important is lower conversion.ATTA WB you need fork out RM 0.87 to convert to one share,while for ATTA LA,we need fork out RM 0.77 to convert to one share under cash conversion method.While for ATTA PA is RM 0.72 under cash conversion method.Do not forget that PA have a dividend priority as well (of course for me dividend is only consider as a bonus and do not put a high hope on it).A reasonable premium for PA should be 20% and above.CHeers
concurred with Serena that the judgment sum has limited impact on the company. It was a legal action taken by Atta's subsidiary against an individual. Not to worry.
The support for Iculs is there but not the mother shares. Perhaps something is needed to triggle the purchase. Anyway, the directors have bought some but couldn't prevent further slide. Company is only allowed to buy own shares subject to regulatory's approval.
i would say follow the director . Must be good news waiting for positive announcement . This is just the beginning of a very big bold move . Hopefully the price will sustain and atta trend will reverse and head back up to 1.00
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....
Marcel Choo
59 posts
Posted by Marcel Choo > 2017-11-28 23:11 | Report Abuse
Then we should expect the prices to surge.