Guys, glad that there are still many investors who are patient in this counter.... we should be able to reap our return for our patient soon...it is long overdue but will be rewarding ..
Been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, there is a technical level at 0.275 which may support any short-term retracement.
There is a strong resistance at the left, and recently market has been highly volatile. Despite this, we can see that nihsin is holding up well, absorbing the seller, building new base. Skyrocketing is coming soon!!
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING NI HSIN RESOURCES BERHAD ("NI HSIN" OR "COMPANY") RENOUNCEABLE RIGHTS ISSUE OF UP TO 960,100,350 REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") AT AN ISSUE PRICE OF RM0.01 PER RCPS ON THE BASIS OF 2 RCPS FOR EVERY 1 EXISTING ORDINARY SHARES IN NI HSIN HELD BY THE ENTITLED SHAREHOLDERS OF NI HSIN ON AN ENTITLEMENT DATE TO BE DETERMINED ("RIGHTS ISSUE OF RCPS")
Guys, the corporate proposal by Nihsin is very attractive. For every Nihsin shares after ex , yo will be entitled to subscribe for 2 RCPS at 1cts each. The exercise price of the RCPS is 12 cts ...
If you buy Nihsin at 24cts and hold it till it is ex , and if the ex price remain between say 20cts to 24 cts, the value of the 2 RCPS which you will received with have the following market value :
a. If Nihsin price is say 25 cts after ex, the price of the each RCPS is 25cts - 12 cts( exercise price ) - 1cts (cost of RCPS ) = 12cts.
b Say Nihsin price drop after it ex , to 20cts , the price of the RCPS is 20cts-12 cts-1 cts = 7cts...
You will have 2 rcps after it ex ....see the profit if you hold through the exercise ... what more if NIHsin price spike ..
The ex date for the corporate is expected to be announce soon...
with money from corporate proposal , they go into f&b business. Is this wise, when they have no experience and non related related My advice , If investing ....better think twice. If short term goreng , go in with chart reading.
Based on chart 11 january Nihisin has support and resistance level of 0.235 and 0.27 respectively and we can see that the MACD line is above the centreline indicating some degree of strength in the price movement.
• Valuation is cheap. Despite being the largest port operator in Malaysia, its valuation is still only less than half of its next biggest competitor, Westport. • Dividend yield is high at between 5.4% to 6.6%. Given the low interest rate environment, this would appeal to a lot of dividend seeking investors. • Cargo handled in 4Q20 is already passed precovid level. It is even higher that the pre trade war level which started in FY18. The largest port in the group is Pelabuhan Tanjong Pelepas where the 2M shipping alliance has decided to make it their Asean HQ Port. 2M consist of the 2 largest shipping companies in the world: Maersk and MSC. • Bonus event. Potential monetisation of Port business via IPO. The group is looking to raised RM4bil via IPO. Assuming the amount is from the sales of up to 40% interest in the port business, this values the port business at RM10bil which is way above the current market cap of only RM2.5bil. This does not include their 38% holding in Malakoff (valued at RM1.8bil), 31% of Gas Malaysia (valued at RM1bil) and their Engineering business which is currently the main contractor for MRT2 (via JV with Gamuda).
With Biden being the new President of US, you can expect him to overturn Trump’s America First Policy. This will make it easier for US to trade with other countries including Europe and China which will increase global trade and benefits ports operators like MMC.
Guys, the corporate proposal by Nihsin is very attractive. For every Nihsin shares after ex , yo will be entitled to subscribe for 2 RCPS at 1cts each. The exercise price of the RCPS is 12 cts ...
If you buy Nihsin at 24cts and hold it till it is ex , and if the ex price remain between say 20cts to 24 cts, the value of the 2 RCPS which you will received with have the following market value :
a. If Nihsin price is say 25 cts after ex, the price of the each RCPS is 25cts - 12 cts( exercise price ) - 1cts (cost of RCPS ) = 12cts.
b Say Nihsin price drop after it ex , to 20cts , the price of the RCPS is 20cts-12 cts-1 cts = 7cts...
You will have 2 rcps after it ex ....see the profit if you hold through the exercise ... what more if NIHsin price spike ..
The ex date for the corporate is expected to be announce soon...
After ex, you are entitled for additional warrant, roughly 238 WB for every 1000 units, AND (this is the good one) exercise price of WB will be adjusted from 0.138 to around 0.05 accordingly to calculation in the circular. So if the price of mother share stays above 23.0 sen, you guess what will be the price of WB then. Cheers.
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....
Topper88
253 posts
Posted by Topper88 > 2020-12-31 11:26 | Report Abuse
What happen to the warrant b?
It should be at least 0.15 when the mother share is 0.29, but now it is at 0. 12