1. Notice of EGM; 2. Circular to Shareholders dated 27 April 2023 in relation to the Proposed Bonus Issue of Warrants 3. Form of Proxy of EGM; and 4. Administrative Guide of EGM.
Good or bad QR results does not matter. It’s a controlled counter, price will move in the direction pointed by major shareholders. Expects warrant to open below 10sen. Take profits whenever possible. Good luck everyone, harap jgn kena cakar.
the warrants price depend on the mother share price on 7th of june,if below 10cents,just sapu saje,usually will sell at a premium,because of 5 year tenure
ChloeTai, only the majority owners of CAB can answer that. As at today it’s not looking good, volume is very low, could mean major shareholders are already out of the market. Better wait and see.
Ex px is 63 cents. Normally 5 yr tenure can have 10 % premium. Warrant value is 3.5 cents plus 10% is 7 cents. Thus at listing CAB-WA should be around 10 cents. Let us hope due to good results as half year eps of 10 cents, is more than last years, warrant price shall be higher.
1.In a short span of time CAB had a spectacular run from 46 sen to its peak at 77 sen. The mini bull was supported by exceptionally good financial performance and culminate to the bonus reward of 1 free warrant for 3 shares.
2.The share price on a cum basis was 71 sen and on ex date it was re adjusted to [( 71 x 3)+ 63] / 4 = 69 sen Thereafter the share price has weaken and continued to fall. Today it closed at 62.5 sen and the warrant closed at 12 sen on debut.
3.Those who have followed the corporate exercise would get 1 lot warrant value at Rm120 and acquired 3 lots by paying 71 sen each. The share price has slipped down to 62.5sen and you suffered a loss of Rm255. Hence your rewards of free warrant is not enough to offset the loss in value of the mother share.
4. Basing on my personal observations and experience the corporate exercise involving free warrants invariably ends up in this undesirable and unprofitable manner.
5.The warrant is a sweetener to induce you to buy the mother shares forming part of the manipulator's devilishly conceptualized game plan to push up the share price that would eventually turned sour. 6. It happened in PTrans, in MNHolding, in Yew Lee and now CAB
7.On hindsight and in all future endeavors with free warrants, it is more wise to forgo the warrant and sell on strength. It is unwittingly foolish and reckless to buy the mother share for the free warrant.
8. We already know there is no free lunch in this world. And,there ain't no tooth fairy. 9 Hope it helps
PETALING JAYA: Pemberian subsidi ayam dan telur akan berakhir pada 30 Jun dan pengapungan harga bermula pada 1 Julai, kata Menteri Pertanian dan Keterjaminan Makanan Mohamad Sabu.
Perkara tersebut dimaklumkan menerusi jawapan lisan menjawab pertanyaan Mas Ermieyati Samsudin (PN-Masjid Tanah) berhubung tempoh harga ayam dan telur akan diapung.
Warrant is overpriced. At 0.18, buying warrant for conversion will cost 0.81, a 25% premium over mother share. A fair price for warrant is 0.08, giving a 10% premium over mothershare on conversion.
Pemberian subsidi kawalan harga telur dan ayam diteruskan. (Flip-flop government. Just announced the prices of eggs and chickens will be floated, in 24 hours time, change back to be capped.
yeah smuggle our subsidized eggs and sell to Thailand and Singapore petrol smuggle out telor smuggle out tepung smuggle out minyak masak smuggle out Malaysia is a haven for smuggler to make money in Thailand, Indonesia & Singapore
Subsidy is about RM200m per month. With or without price cap all the big boys have been showing all time high profits with such a massive amount of subsidises. The latest new is actually bullish for big poultry players.
Cab has made 70m PAT in FY23 and we have two more quarters to go. Maintaining the price cap with massive subsidies is bullish for big poultry players !
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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....
Patron
1,173 posts
Posted by Patron > 2023-04-26 11:12 | Report Abuse
back to 0.7 !