There must have been a mistake. If the maturity date is 25/12/2023, then the exercise/conversion period should be 5 years. Management need to clarify which is correct.
I think the warrants can only be exercise by year 3
Not expire by year 3
Posted by upsidedown119 > Jan 2, 2019 12:11 PM | Report Abuse
There must have been a mistake. If the maturity date is 25/12/2023, then the exercise/conversion period should be 5 years. Management need to clarify which is correct.
The result out next month will incorporate earning from newly acquired subsidiary Track Work for the first time. I guess awc will only from move from there.
Don't forget the acquisition (with profit guarantee) of Trackwork completed in early Oct'18. Therefore, the coming quarterly result is close to certain to see improvement.
Even if I exclude the Trackwork's contribution, AWC deserves higher price than now based on its last 3 quarters' EPS.
articulars of Director Name DATO' AHMAD KABEER BIN MOHAMED NAGOOR Descriptions(Class) Ordinary shares Details of changes No Date of change No of securities Type of transaction Nature of Interest 1 07/01/2019 783,300 Acquired Direct Interest Name of registered holder Dato' Ahmad Kabeer Bin Mohamed Nagoor Description of "Others" Type of Transaction Consideration (if any) RM0.67 per Share
If got bad news management should announce. Judging by the very small number of sellers, 3 or less for each level, this is more like manipulated sell down to collect.
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....
upsidedown119
4,326 posts
Posted by upsidedown119 > 2018-12-21 09:32 | Report Abuse
Price is being manipulated down, likely by a syndicate.