the accumulation volume & price is drawing my interest, the weird thing, underlying still not moving & expiry getting closer, ppl willing to pay for higher premium :)
Never though you are looking into 2 weeks time to accumulate 40k :)
The waiting time to get the converted share is a risk also - 3 weeks time anything can happen.
I heard from someone older telling me their bad experience during 97/98 crisis. While waiting the exercised units, if market doing bungee jump , you couldn't even do any sell order but watch helplessly until the units is credited in your CDS AC. That was a true nightmare
same argument by Siew, remember? Siew allege that IJM is diluting minority stakes. that's why i believe they are selling to keep the price low. Another advantage is an opening in case they want to go for MGO
wouldn't it be interesting if IJM calls for a MGO? possibility is there with Shah shifting his shares out of Kaspadu i think! guessing game only nowadays hehehe
so far, i am just comfortable with IJM being cool over the matter. fireworks may start if IJM takes the 25%, increase the sake to another 8% and calls for the GO. IJM will just thank Abu for keeping the price low! hehehe
looks like really need to makan sendiri already :)
next week still can trade until Thursday, after Thursday can only pray hard underlying hit above 0.40 for conversion - provided you got cash to exercise
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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....
potenza10
1,220 posts
Posted by potenza10 > 2012-11-10 16:50 | Report Abuse
ooooooh....thanks pathew!