KLCI to trade lacklustre today Surin Murugiah / theedgemarkets.com
May 22, 2017 06:17 am MYT -A+A KUALA LUMPUR (May 22): The FBM KLCI is expected to trade lucklustre today, in line with close at Wall Street last Friday, in the absence of fresh catalysts.
as per said without any technical term. 24.5 and 24.0 is reached again. as predicted earlier that those who buy on 27 and 28 will be trap.Classical anzo
Here's how to calculate Ex-rights value per share.
Let's say you own 1,000 shares in Wobble Telecom, each of which is worth $5.50. The company is in a bit of financial trouble and sorely needs to raise cash to cover its debt obligations. Wobble therefore announces a rights offering, in which it plans to raise $30 million by issuing 10 million shares to existing investors at a price of $3 each. But this issue is a three-for-10 rights issue. In other words, for every 10 shares you hold, Wobble is offering you another three at a deeply discounted price of $3. This price is 45% less than the $5.50 price at which Wobble stock trades. (For further reading, see Understanding Stock Splits.)
1,000 existing shares at $5.50 $5,500 300 new shares for cash at $3 $900 Value of 1,300 shares $6,400 Ex-rights value per share $4.92 ($6,400.00/1,300 shares)
From 25 Feb to 27 March, the stock consolidated from RM 0.25 to RM 0.55. (The QR was released on 24 Feb.) The sentiments on the stock and the construction sector are better now than they used to be 3 months ago.
Right issues have been already fully priced in, but the latest good QR has not been priced in yet.
31 Mar 2017 Qtrly result EPS 0.42 cent. I presume whole year EPS is 2c with PE12x. The reasonable share price should be 24c. Please talk with fact. Don't pout from sky.
I don't use your method to estimate a stock price.(0.24 =12 *0.02) It was calculated based on the past numbers. Future growth prospects cannot be priced in. Furthermore, I 'm interested in price fluctuation, but that does not tell anything about price fluctuation
I use relative valuation, which was developed by me.
So you got no data to prove and talking with no fact. Good luck. And keep on using your own method. Btw, that is not my method. It is a method used to evaluate a prospect of the company.
If you are stuck at higher price. Do not providing misleading statement or price target to newbies. And I believe newbie or potential investor know how to judge before invested into the company.
Do not misleading. Just don't wish newbie trapped in this counter. If the counter is good. No need you to promote day and night with target price plug from the sky.
Hahaha...tecpower,after right issue maybe going into hibernate stage and the price will long period stay flat or even lower,you never know one.And one more thing,Pmaster got talk about hibernate,try to check back what he posted.
We need discussion and not to argue this argue that,do not misleading and promos day and night,more you promote more people will know that you are a joker.You know why,because you told that today going to lift up till 0.280-0.300 but at last the price went down to 0.240,how you going to explain all about that.
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....
Mohd Fahmi Bin Jaes
29,183 posts
Posted by Mohd Fahmi Bin Jaes > 2017-05-22 07:50 | Report Abuse
KLCI to trade lacklustre today
Surin Murugiah
/
theedgemarkets.com
May 22, 2017 06:17 am MYT
-A+A
KUALA LUMPUR (May 22): The FBM KLCI is expected to trade lucklustre today, in line with close at Wall Street last Friday, in the absence of fresh catalysts.