EGM to approve the share split and warrant issues will be on 16th Nov. Watch out for the price movement, any dip is a good bargain, of course if it stays at current level of RM4.75 is still a good buy.
Managed to catch some at at RM4.75 and RM4.78 to day, some 20 lots. Thanks setia2u. The best part is after I bought, my remisier also join to buy at RM4.80, then I asked him why, he said that the market is so quiet, he has a lot of free time, then he studied this counter and 'fall in love with it' simply it is a defensive counter with a very good upside potential in November. Cheers.
Hi yanxuan8, buying more to average up? I think it will go higher and higher toward EGM date on 16th Nov. 2013 and then onward as well. Happy to see that this counter performs. Cheers.
Hi Setia2u. I am very happy to see the price movements of this stock, wonderful. Of course I purchased some to average up, not many sellers in the market, I bought from RM4.83 up to RM4.98, nice number! So what's your target price?
Looking at the circular to shareholders on the timetable of the exercise (page 15), they will go thru the splitting first and only ex for warrants entitlement, so my experience with this kind of proposal, we can keep and go thru the splitting and then sell before ex warrant issue. Good luck.
I'd b so happy if it touch rm6 but I'm stil thinking should I sell b4 it split? I'm a small potatoes n I don know much about shares so I wish I can have u all to give me guidance n share wit me yr experience. Tqvm n Really appreciate☺☺
No market today, feel bored! So glad to answer some questions here. Yanxuan8: I think the reasons that they have 2 entitlement dates are : 1. administrative purpose 2. value creations
dknycom: I think this counter is definitely heading RM6.00 in near future, why? The company purposed that the offer price of warrant is RM0.20 and the exercise price of the new warrant is RM1.00, this add up to RM1.20, so after splitting, is has to around RM1.20 in order to justify and make the warrant attractive enough. (RM1.20 x 5 = RM6.00)
For a counter with only RM84.1 mil paid up and with good fundamental, it can be easily 'pushed up' before ex splitting, so keep on invested! Cheers.
Good trend today. Open high then profit taking, and then recover and closed higher at RM5.25, very good performance, shall see the price break RM5.30 of the recent high tomorrow, uncharted territory.
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....
volks2
1,116 posts
Posted by volks2 > 2013-09-25 16:22 | Report Abuse
i think it will go up again since the dividend ex date coming soon.