The number of warrants & LA are about 200 % more than the mother shares. Once exercise, the eps need to be divided into 3. About 6m profits of recent earnings was due to other income, thus eps was only about 8 cts. Annualised, let's assumed 8.5 is maintained for 4 quarters ( 8 × 4 ÷ 3 = 10.67). Therefore PE 10 is valuing Atta at about RM1.07. Many steel counters are having PE less than 10.
wah cannot count like tat la warrant b and la 2022 expiry warrant c expiry 2024 no people will convert so soon loh..u need to pay one plus warrant with premium ..no ppl wan to convert to mother la 2024 I dun think profit still remain same level like now
Agreed all are just hypothetical, just to bring back some sense instead of giving sky high TPs. There is no guarantee that Steel Co will be able to sustain their excellent performance. We are not sure about the Msian, World economy 2-3 years down the line, whether 'Safeguard' will still be there or whether Steel Co will boom or back to their doldrums with heavy losses.
mbs7633 I thought director will dispose their original shares in open market but they didn't do that. In fact, they converted ATTA-LA into original shares. This is very very good sign that ATTA still undervalued and worth to buy. 09/06/2017 19:27
Bought JFTech at 1.32 month ago. Tke profit at 1.87 but only 30 lots.. ok lor. Now in dilemma. Want to buy Atta, Masteel or Leonfb. Not to forget Lsteel. Haiyaa..
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....
thenewbee
3,605 posts
Posted by thenewbee > 2017-06-09 10:42 | Report Abuse
wb better move so much faster. la turtle