Wb move so fast like this will cause people intend to sell off la coz want to earn fast money in wb. Is normal....I believe if mother can sustain or continue to North..we can see some day LA will eventually skyrocket while both of them resting...
Assumption : Bought mother share at 1.80 to get entitlement on ICPS.Paid 0.64 for 8 icps.Lets say after Icps listing mother share stabilise at 1.30.Total damage is 1) Loss of 0.50 on mother share 2) Profit of 0.22 per Icps lets say trading price is 0.30 Net profit is (1.76-0.5) = 1.26.
ATTA-LA conversion price to mother share is 0.90. ATTA-WB conversion price to mother share is 1.00. In term of FA, ATTA-LA price should higher than ATTA-WB 0.10. Last friday ATTA-LA closing price is 0.485. Last friday ATTA-WB closing price is 0.725. If ATTA-WB 0.725, ATTA-LA should 0.825. ATTA-LA is deeply undervalue.
Pls trade cautiously and dun go for average down strategy.It seems that active conversion of the LA and warrants recently and approval given by SC will give huge impact to its NTA.In my view tha price of the LA will head south further..Take profit 1st if you can.
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....
air01557
2,511 posts
Posted by air01557 > 2017-06-15 15:05 | Report Abuse
today limit up