SGB-PA exercise price is RM 0.54 AND SGB-WA exercise price is RM 0.60. So SGB-PA price should 6ctns higher than SGB-WA !!!!!! SGB-WA price now at 0.135 so SGB-PA logically should be 0.195 !!!! WHY is trade at 0.06ctns now????
PA @ 0.065 + 0.54 exercise price = 0.605, so it's traded at fare price. WA @0.135 + 0.60 exercise price = 0.735, so it's traded over price. yesterday I sold all my WA @0.13 and buy PA even losing more than 20k sell WA and buy PA with double quantity.
after change from WA to PA at least now got peace of mind. just leave it there to let the price increase. at least still got 5 years. if not exercise after 5 years it will automatically convert to mother share (10 to 1). unlike WA price swing % very big, must monitor closely. anytime will drop below 10cnts. If not exercise between 5 years the value become ZERO.
if they want to manipulate ppl convert and get cash, they will push the mother share from time to time but they will press down PA price and don't let it go up, after you converted, the mother share will drop back to fair price again. In this case PA will never go up again and become big losser in this game? only WA will get benefit of it? I think only after all ikan billis converted their PA then only the PA price will go up.
Additional Listing Announcement 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Conversion of Preference Shares Details of corporate proposal : Conversion of Irredeemable Convertible Preference Shares No. of shares issued under this corporate proposal : 2,260,500 Issue price per share ($$) : 0.6000 Par Value ($$) : 0.50 Latest issued and paid up share capital after the above corporate proposal In the following Units : 121,128,500 Currency : Malaysian Ringgit (MYR) 60,564,250.000 Listing Date : 16/05/2016
I think they convert during the mother share price still high. Price will go up again only after all conversion activity stop. Shark is waiting to collect from them at low price.
This one no hope. No reason why the syndicate will want to buy back at these levels. They just do nothing for a few months and the price will go the way of XOX.
I get confused sifu. Why SGB 59 sen but PA can move up? Isn't 10 PA=1 SGB or 54 sen +1 PA=1 SGB neither of which method make conversion worthwhile if PA=7 sen.
It's very funny .... PA@0.06 no ppl wants it .... PA@0.07 ppl starts looking at it .... PA@0.08 ppl starts buying .... PA@0.09 ppl rushing in to buy ..... PA@0.10 ppl all in ..... hahaha .....
all sell warrant and collect PA, sure one day PA price will higher than warrant. at that time is the best timing to collect this stock. will goring after wa lower than pa
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....
NeverLossAgain
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Posted by NeverLossAgain > 2016-05-13 09:49 | Report Abuse
https://megamicrocaps.wordpress.com/2016/04/19/sgbs-three-asset-confusion/