Posted by paperplane2016 > 2016-04-25 12:35 | Report Abuse

176mil contract? S/O only 104mil, but before this PA and WA lah. PA 522.5mil, WA 52mil?

So fully diluted share will be ard 680mil S/O?
if 176mil is profit,176/680=EPS=0.25?

hehe, simply count saja...........



The group announced on Monday it had bagged a building job from Prinsip Nusantara Sdn Bhd and Spring Gallery’s unit Profit Sunland Sdn Bhd to develop a RM260 million mixed development project in Johor.

The development project, which is located in Perling, Johor Baru, has a gross development value of RM260 million and gross development cost of RM176.5 million.

Posted by Jstockman > 2016-04-25 12:42 | Report Abuse

Unless you over leverage or play Contra, why worry if you buy WA above 0.300 when the real value of WA is 0.63? (1.23 - 0.60 = 0.63)
In fact the operator prefers more Sell-Q because that means they can sapu more WA at lower price. They are accumulating WA now for afternoon/tomorrow push.
Remember, when the SGB mother reached 0.97 and lot of people bought above closing price of 0.96 on last Thursday, the price dropped back to 0.94/0.95 on Friday before lunch break. Many people who bought above 0.96 said they were trapped. They are in the same psychology situation as many people who bought above 0.30 of WA now. But look at SGB last friday what happen after lunch break? It went up to 0.97 and closed at 0.96 last Friday. And today it reaches 1.25!

So I am hoping a same situation will happen to the WA. Today's high at 0.315 and lunch break closed at 0.295. Afternoon session may move up beyond 0.315, if not, then it may close around 0.305-0.315 today. The real show is tomorrow, which as many people here expects - TP 0.60!

Posted by Wei Jie Yau > 2016-04-25 12:43 | Report Abuse

But up so much Adi, will it happen?

Posted by paulthesotong > 2016-04-25 12:45 | Report Abuse

Wa outstanding 54m but half day turnover more than 110m, Is that normal?

Posted by r°Moi > 2016-04-25 12:47 | Report Abuse

Short explanation you don't get it.... read this long elaboration la...


FACT


Based on announcement dated 21 March 2016:
SGB-PA exercise price is RM 0.54 or 10 SGB-PA equals 1 SGB share automatically upon expiry.
SGB-WA exercise price is RM 0.60.
SGB-PA and SGB-WA expires in 5 years time.

Note: Please do not confuse with the announcement dated 5 February 2016; that is just a circular to propose the entitlement which has to be voted in an EGM. The details in this circular which is different with the final details above are highlighted in yellow. Initially, it was proposed that the only way of converting SGB-PA to mother share is via the 10:1 exchange ratio.



ANALYSIS


SGB-PA must be worth more than SGB-WA



Given that SGB-PA holders can be exercised at a lower price than SGB-WA, SGB-PA must be more valuable.
Also, upon expiry, SGB-WA is worthless unless exercised. Meanwhile, SGB-PA will automatically be converted to SGB shares on a 10 SGB-PA: 1 SGB ratio.


http://klse.i3investor.com/blogs/shaunloong_blog/95061.jsp

Posted by cckz > 2016-04-25 12:50 | Report Abuse

PA is definitely the way to go, there are tons of room for it to shoot up

Posted by Jstockman > 2016-04-25 12:58 | Report Abuse

Agree with your analysis rMoi, but you don't forget who is doing the goreng? You and I and other public investors? Or the operator? Today they goreng the mother, tomorrow they goreng the WA, and if they decided NOT to goreng the PA. Will you still make money despite your analysis all correct?

"We are small fish, we follow the flow of typhoon."

Posted by Jstockman > 2016-04-25 13:00 | Report Abuse

Another reason I prefer WA than PA is, there are 52mil WA shares compare to 522mil PA shares in the market. 10 times more volume but only half the price (0.115 compare to 0.295). So which one is easy to goreng? should be WA right?

Posted by Wei Jie Yau > 2016-04-25 13:00 | Report Abuse

Stockman, so keep the warrants firsy?

Posted by iwcking > 2016-04-25 13:02 | Report Abuse

gonna buy into WA later in the afternoon. Looking at around 300k lots again. hopefully it will reach TP of 0.50

Posted by iwcking > 2016-04-25 13:15 | Report Abuse

no lar. dont keep. will drop like you said. dont hold any stocks.

Posted by iwcking > 2016-04-25 13:16 | Report Abuse

wei jie in the morning mouth open so big saying big drop. but the price went up almost to limit. if you dont have the money dont play and dont try to influence people with your opinion. not even worth a cent to be considered.

Posted by Wei Jie Yau > 2016-04-25 13:21 | Report Abuse

Lucky I still buy back in early morning

Posted by Jason Choong > 2016-04-25 13:23 | Report Abuse

wack a lot of pa today using my t10 acc..bought a bit wa at 28c and sold half at 305...good money huhu

Posted by Jason Choong > 2016-04-25 13:24 | Report Abuse

was at the dentist just now...suddenly saw wa few sec only from 22c to 26c..me go put 28c bid buy straight come to me..huhu

Posted by paperplane2016 > 2016-04-25 13:30 | Report Abuse

nolah, you all must understand how shark and operator works.

Morning they sapu all WA available in mkt, regardless of price. 50mil consider sapu habus maybe using 10-13mil cash only.

Now 0.30, they sold it or sitting in nice profit liao.

So they consider got free money. these free money will be used to push up even further. All extra is operator punya sendiri money. Thts how they separate profit mah.

Posted by Wei Jie Yau > 2016-04-25 13:31 | Report Abuse

Now big win up

Posted by Wilson Lim > 2016-04-25 13:31 | Report Abuse

why uma? company got announcement with new project.

Posted by superfly > 2016-04-25 13:43 | Report Abuse

takde umna punya,order aku masuk berlambak lambak,cuma kalau aku blasah skrg ni,akan tersekat dgn limit up,so aku masuk apa yg boleh skrg ni,jgn sampai limit up,esok pagi aku masuk balance yg masih byk lagi,sepak terus naik atas,cuma esok,aku tak boleh sepak keatas macam hari ni,nanti masalah,mungkin 15-20 sen untung saja ke atas esok aku boleh tendang ke atas.

Posted by Mohd Fahmi Bin Jaes > 2016-04-25 13:44 | Report Abuse

http://www.theedgemarkets.com/my/article/spring-gallery-spikes-rights-issue-contract-win

Posted by 8Huat8 > 2016-04-25 13:49 | Report Abuse

Second uma coming

Posted by superfly > 2016-04-25 13:52 | Report Abuse

ada SGB NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS), mana ada UMA,kalau ada dah lama cabut pagi tadi.haha

Posted by superfly > 2016-04-25 13:54 | Report Abuse

ada order banyak lagi,tapi tak boleh masuk semua hari ni,nanti limit up,kena masuk sikit2,esok pagi baru masuk balik semua order.

Posted by r°Moi > 2016-04-25 13:55 | Report Abuse

As at this minute... Jstockman you have a point...

But... bear in mind.. to pump because want to dump

WA.. is now being pumped and dumped... as WA is of no value to them.. in the long term

Same is not true for the PA... r°Moi is buying what they want

A matter of time...

Posted by r°Moi > 2016-04-25 13:58 | Report Abuse

Adoi Shaun


Trust worthy politicians are rare... but so far so good in this share

MCA guys... have been buzy getting projects to justify the mother price

Posted by Wilson Lim > 2016-04-25 14:02 | Report Abuse

will not limit up now but 4:40pm

Posted by Clinton Tom > 2016-04-25 14:10 | Report Abuse

Upon opening at 2:30pm, M will hit 1.26.

After that the show will begin.

Posted by paperplane2016 > 2016-04-25 14:19 | Report Abuse

1.26 hit 0.30 limit loh. so no more game, so play play WA lor

Posted by Clinton Tom > 2016-04-25 14:22 | Report Abuse

Hello Paperplane2016. I was informed abt your many comments on Genting shares recently.

Posted by Clinton Tom > 2016-04-25 14:23 | Report Abuse

Anyway, guys and girls. The play is ON for W

Posted by aikinlai > 2016-04-25 14:25 | Report Abuse

I trust u, clinton

Posted by paperplane2016 > 2016-04-25 14:30 | Report Abuse

Clinton, hows Hillary? I like Trump.
haha

Posted by Jim Tan > 2016-04-25 14:32 | Report Abuse

.... wow

Posted by Michael Puah > 2016-04-25 14:33 | Report Abuse

big shark run!

Posted by superfly > 2016-04-25 14:33 | Report Abuse

sapu saja apa yg ada skrg ni..haha

Posted by Wilson Lim > 2016-04-25 14:33 | Report Abuse

PANIC SELL

Posted by Wilson Lim > 2016-04-25 14:33 | Report Abuse

hold tide

Posted by superfly > 2016-04-25 14:33 | Report Abuse

cepat..cepat..aku dah sengkang dah..sapu apa yg dapat.

Posted by Jim Tan > 2016-04-25 14:34 | Report Abuse

Slaughter

Posted by r°Moi > 2016-04-25 14:35 | Report Abuse

All gonna die... all gonna die.... all gonna die

Posted by superfly > 2016-04-25 14:35 | Report Abuse

sapu saja...cepat..duit free..

Posted by Clinton Tom > 2016-04-25 14:36 | Report Abuse

Hopefully u guys managed to buy W just now.

Posted by Wilson Lim > 2016-04-25 14:37 | Report Abuse

manage to buy some @ 0.255 and sell @ 0.275

Posted by superfly > 2016-04-25 14:38 | Report Abuse

tak perlu panic,sapu lagi..tak sapu..aku sapu.

Posted by Wilson Lim > 2016-04-25 14:38 | Report Abuse

very scary just now

Posted by r°Moi > 2016-04-25 14:38 | Report Abuse

HaHa.. the crap that is happening in the Bursa...

Posted by superfly > 2016-04-25 14:40 | Report Abuse

aku dapat telan,1.03.1.04,1.05 dan seterusnya..main yg ni kena laju.

Posted by Wilson Lim > 2016-04-25 14:41 | Report Abuse

last chance now to buy below 0.30

Posted by kwongliang > 2016-04-25 14:41 | Report Abuse

rebounded ...

Posted by Clinton Tom > 2016-04-25 14:42 | Report Abuse

I will update U guys. Not to worry. The play is still On