1) EPS arising from the disposal of HCM is around 5.5 cts? (Can't remember the exact value..) 2) The Group is currently seeking new business ventures and is currently in discussion with MITI on new business opportunities related to the automotive industry...
You will be able to obtain these information in their most recent announcement. In any case, we will have to wait for the EGM next Friday, 31st March 2017.
Upside gaining momentum...disposal will induce positive cashflow for the group for new possible business ventures with MITI.
8wpwtmt8, the warrants carry a conversion price of 20 cts. When the underlying shares reaches the optimum value, the warrant will eventually self beautify..:)
When comparing with WA from other counters, this one seems to be lacking in premium for now...let's see whether it will ''self beautify'' later on. For now, it seems undervalued...
No target price. The EGM is on this Friday 31 March to approve the disposal of Hitachi shares with a value of RM22 million. The price on this Friday morning is the target price. RM22 million when market cap for the entire company is only RM68 million is a lot.
Possible another wave by next week after meeting for this coming Friday. if there is good news surely TP fly with no target else game over haha. Trade by your own risk.
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....
Miz Atom
16 posts
Posted by Miz Atom > 2017-03-21 21:50 | Report Abuse
thank you uncle boon koon, all matched at 20cent. Yeehaaa!