Someone is supporting this counter at 0.305 -0.315. Every moment when it dropped below this level, the lowest at past weeks was at 0.285, this someone pushed it back to that level... However its warrants have gone down to 0.085-0.09 level, unable to climb back to its recent stable level at 0.11. A positive results for the coming QR, to be announced before the end of the month may lunch its price to its recent high at 0.14.
The reason why the warrant price fell was because a Warrant Guru on 7 April, warned of the dilution (of warrants) from the proposed placement of shares with warrants. The question is why warn now and not months ago. Is there a hidden agenda?
Hi Awsome, if you had googled you would have got your answer. Do you think that the warrant is being deliberately forced down, when the qr results are just ahead?
Exercise price is 0.25 per share. The new shares to be listed on Monday 25/4/17. Friday closed price was 0.29, up 0.005 after battered to the lowest 0.275 from the high 0.33 within this month. QR to be announced by the earliest on Monday 25/4/17 or by tradition on 26/4 or 27/4, and anticipating good results based on last QR. Therefore I am anticipating the price to go up next week, hopefully to test its last high of 0.33 and it warrants too at current 0.09 to its high 0.13. Perhaps that's the strategy to exercise the esos, the possiblity to make at 0.10 per shares. Let's see...
2nd QR - QoQ increased in negative profit though revenue improved. However still retain a double digit K profit, thanks to the good first QR. YoY results too in negative teritory but with improved positive nett lost. NAPS remain at 0.37 QoQ but up 0.01 YoY (0.36)
@nklye I dont know how other see, but the latest quarter result basically make nothing surprise and indeed the company just losing another quarter.. meanwhile dont forget the current liabilities is much higher than their current asset with ratio of less than 1
@Striker90, yea, many who bought this counter on the one-day-stand a few weeks ago should be dissapointed. Anticipated good 2nd QR but negative. Anyhow revenue improved and accumulated profit for last two quarters still positive due to impressive profit in the 1st QR. Hope next QR will be better. However the price of the counter was green for the whole session today.
2moro may follow thru to may be 0.12 or 0.125 in the early morning... If there's a positive development within, then it will up further... We ikan bilis are like this where access to information is controlled by certain privilege ppl...
Sorry, I refer this to its warrant. 2moro may follow thru to may be 0.12 or 0.125 in the early morning... If there's a positive development within, then it will up further...
Lalalala. Dun invest in bursa.. all counter full with sharks. All sharks same game play. Go chase hot counter or buy at peak. No need wait. No stress. Gud luck. Selamat hari raya.
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....
nklye
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Posted by nklye > 2017-04-16 13:08 | Report Abuse
Someone is supporting this counter at 0.305 -0.315.
Every moment when it dropped below this level, the lowest at past weeks was at 0.285, this someone pushed it back to that level...
However its warrants have gone down to 0.085-0.09 level, unable to climb back to its recent stable level at 0.11.
A positive results for the coming QR, to be announced before the end of the month may lunch its price to its recent high at 0.14.