looking at the reaction to markets in Asia, i think SKPres is holding up pretty well, both mother and daughter. Looking forward to their upcoming earning report! TA & RHB (didnt read report yet) must surely have something they are trying to communicate!
Why is Dato Gan buying SKPRes shares and at the same time selling its warrants?
Posted by eht6769 > Aug 16, 2013 01:32 PM | Report Abuse Dato and Gan Poh San sold out WA 4500 lots at 0.105........meaning too much on hold for these Gan family...need to release some in market only can goreng more untill the TP as they 're like to see.
To me it is very obvious. Everybody is chasing the warrant because it is seemingly "cheap". Is it really so? Then Dato Gan is stupid, is he?
Using an option pricing model, when the underlying share price at 38 sen, the fair value of its warrant is less than 4 sen. This is basing the assumptions of 30% historical volatility of the underlying share. Although option pricing is not an exact science, the market value shouldn't be such a big difference (>100%) from its fair value.
The "killer" for the warrant is the high dividend yield of 6.7%. Only common shareholders enjoy the high dividend, not warrant holder. The high dividend of the underlying share destroys the value of warrants.
Controlled party disposed huge volume W @ 0.105. someone out there is collecting...Who???? We small punters don't have to know.. just remember these (1). Disposer still holding major shares after disposed, u think he want the co. share up or down? (2.) Collector(s) buy huge volume @9,000,000 @ 0.105 = million $$$, u think without confident who want to punt mil$ here for fun.
just try to think positive and give myself confident.自我安慰.....哈
SKP Resources Bhd (SKP) is engaged in investment holding and provision of management services to the subsidiaries. The Company is engaged in manufacturing of plastic products which is carried out in Malaysia. The Company's subsidiaries include Syarikat Sin Kwang Plastic Industries Sdn. Bhd. (SKP), Goodhart Industries Sdn. Bhd. (GHI), Goodhart Land Sdn. Bhd. (GHL), S.P.I. Plastic Industries (M) Sdn. Bhd. (SPI) and Goodhart Technology Sdn. Bhd. (GHT). Syarikat Sin Kwang Plastic Industries Sdn. Bhd. (SKP), S.P.I. Plastic Industries (M) Sdn. Bhd. and Goodhart Industries Sdn. Bhd. (GHI) is engaged in manufacturing of plastic products. Goodhart Land Sdn. Bhd. (GHL) is engaged in letting of property and property holding. Goodhart Technology Sdn. Bhd. (GHT), is engaged in manufacturing of metal moulds. In July 2013, the Company acquired Anchor Impression Sdn. Bhd.
Price will raise up again, fast invest you bullets on it for long term investment!!!!!! Chance only 1......For those who had sold, buy back when low now......
because of rumors of privatisation but long term, there are some risk but it's worth to invest as it's NTA is around 0.52 so price at .385 is still undervalued. PE are quite high but they are on track to turn to black as they have increase their business, last quarter values in terms of occupancy, etc, even higher percentage than SIA..
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....
boscokt
152 posts
Posted by boscokt > 2013-08-16 16:24 | Report Abuse
juz jump in today....hope to rise on nxt monday........ the power is like LBS....