EITA RESOURCES BERHAD

KLSE (MYR): EITA (5208)

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Last Price

0.73

Today's Change

+0.005 (0.69%)

Day's Change

0.705 - 0.73

Trading Volume

32,800


2 people like this.

988 comment(s). Last comment by Invest123 2 months ago

Posted by Innerpeacee > 2021-01-23 11:03 | Report Abuse

@Invest89

In general I think there is no direct linkage to trigger to sell down upon release of AR 30/9/2020. SBB can be good or bad depends on company position and management planning. With ok strong liquidity and NCA position, I don't think it's a bad idea

Maybe you can have a read from investopedia

https://www.investopedia.com/ask/answers/042015/why-would-company-buyback-its-own-shares.asp

dp_pupi

280 posts

Posted by dp_pupi > 2021-01-23 20:59 | Report Abuse

Both warrant & bonus will b deposited on 29 Jan?

Posted by wishyouallthebest > 2021-01-23 22:50 | Report Abuse

Hi, can anyone comment on EITA fundamental. Is it strong? And any project coming soon?

Abba84

987 posts

Posted by Abba84 > 2021-01-24 10:40 | Report Abuse

This is a good companyq Qtr performance showed profits on all qtrs.
Its booked project value as in its FR 2020 was closed RM 512 millions.
...just go to its website n see all details of Eita.the foreseeable risks 1 could imagine is on continuation of MCO2 which could derail their revenue s for 021as for me i m not sure if its Worthy to buy before its bonus ,wrrnts exdate.

Posted by wishyouallthebest > 2021-01-24 21:06 | Report Abuse

@Abba84 thanks for your information

kuring2

605 posts

Posted by kuring2 > 2021-01-25 15:18 | Report Abuse

What happens? Anyone know?

ktlim1018

10 posts

Posted by ktlim1018 > 2021-01-25 15:28 | Report Abuse

Tomorrow last day before bonus but why ppl start dumping now?

kuring2

605 posts

Posted by kuring2 > 2021-01-25 15:33 | Report Abuse

Profit taken i guess.. then they will buy back EOD.. tomorrow possible to rebound..

Posted by Innerpeacee > 2021-01-25 16:04 | Report Abuse

Average up in progress

kuring2

605 posts

Posted by kuring2 > 2021-01-25 16:28 | Report Abuse

Average Up is great.. tomorrow gap up..

klk666

28 posts

Posted by klk666 > 2021-01-25 16:41 | Report Abuse

i think tomorrow all will rush in to chase high again.

dp_pupi

280 posts

Posted by dp_pupi > 2021-01-25 17:12 | Report Abuse

Top up at 3.03. ong ong number haha.

Posted by Innerpeacee > 2021-01-25 17:50 | Report Abuse

@kuning2 @klk666

Yea yea I believe the chance is VERY high too. Warrant is around the corner, not going to waste it. Seize the opportunity

kuring2

605 posts

Posted by kuring2 > 2021-01-25 18:03 | Report Abuse

Great.. see u guys tomorrow... hopefully tomorrow gap up 10cents above.

GS9688

7 posts

Posted by GS9688 > 2021-01-25 18:41 | Report Abuse

KKM has hinted that MCO will not exceed 4 weeks. Upon completion of MCO, they will retreat back to CMCO for 3 months

Source : The Star

PUTRAJAYA: The Health Ministry has hinted that the current movement control order (MCO) will end, followed by three months of conditional MCO.

Health director-general Tan Sri Dr Noor Hisham Abdullah said the government is not keen to implement the MCO for a long period due to the livelihoods it could affect.

“We do not want to prolong the MCO.

“If we implement the MCO for four weeks until early February, and then followed by a conditional MCO for three months, we hope we can reduce the number of Covid-19 cases to double figures, ” said Dr Noor Hisham, at a virtual press conference on Monday (Jan 25).


Currently, the MCO is being imposed in all states except Sarawak and will last until Feb 4.

Posted by Innerpeacee > 2021-01-25 20:33 | Report Abuse

@kuring2 33 cents gap up sounds better! Hahaaa

kuring2

605 posts

Posted by kuring2 > 2021-01-25 22:42 | Report Abuse

@Innerpeacee... lol.. lets see tomorow... why not to limit up tomorrow.. lets huat..

klk666

28 posts

Posted by klk666 > 2021-01-26 08:52 | Report Abuse

today is the last day to own Eita for the Bonus issue and Free warrant!!! congrats to all...

dp_pupi

280 posts

Posted by dp_pupi > 2021-01-26 09:18 | Report Abuse

When r the bonus n warrant deposites in our account?

Posted by Innerpeacee > 2021-01-26 09:45 | Report Abuse

Come on! 3.38 ong number!

klk666

28 posts

Posted by klk666 > 2021-01-26 09:45 | Report Abuse

Hoping that Eita bonus issue will be performing like Kpower warrant. super delicious then!!

kuring2

605 posts

Posted by kuring2 > 2021-01-26 10:05 | Report Abuse

I guess it could be better than Kpower.. EITA is profit making comp.. no doubt.. it should be more power then euro also.. just hold n topup while u can..lol

klk666

28 posts

Posted by klk666 > 2021-01-26 10:43 | Report Abuse

KPower warrant hits limit for 2 days, i strongly believe we will see the same with Eita warrant. Good luck all!!

klk666

28 posts

Posted by klk666 > 2021-01-26 10:49 | Report Abuse

but if cannot hit limit up don't blame me ya. i am just too excited to see the day has comes after holding on with Eita for so long! :-)

klk666

28 posts

Posted by klk666 > 2021-01-26 10:51 | Report Abuse

If Eita can close 3.38 today, then you can do a simple math on how much the warrant worth after split.

klk666

28 posts

Posted by klk666 > 2021-01-26 10:57 | Report Abuse

Disclaimer: this is not a buy call ya.. my entry price is low and above comment purely to share my feeling after a very long journey with the company!

nickyeo55

1,092 posts

Posted by nickyeo55 > 2021-01-26 11:02 | Report Abuse

kik666 me too.

hakubasnow

263 posts

Posted by hakubasnow > 2021-01-26 11:07 | Report Abuse

Eita theoretical ex-all price tomorrow :

TC + 0.231
___________
2.33

TC being today's closing price

Posted by Innerpeacee > 2021-01-26 11:10 | Report Abuse

Congrats @klk666

Hahahah...buy sell is own responsibility so no worry no worry

dp_pupi

280 posts

Posted by dp_pupi > 2021-01-26 11:12 | Report Abuse

Today huat huat!

sarabikok

78 posts

Posted by sarabikok > 2021-01-26 11:20 | Report Abuse

can i sell buy today for BI and warrant?

Posted by Innerpeacee > 2021-01-26 11:38 | Report Abuse

3.33! Coming liao

Posted by Innerpeacee > 2021-01-26 11:39 | Report Abuse

Can buy sell sell buy today, but MUST hold the shares end of today for free warrant!

dp_pupi

280 posts

Posted by dp_pupi > 2021-01-26 12:05 | Report Abuse

EITA fly, flew, flying!

Posted by Purshotamdas Nathermal > 2021-01-26 12:43 | Report Abuse

@ hakubasnow : could u explain how u derive the formula for ( TC + 0.231 ) / 2.33 for the listing of ex price tomorrow.......TQVM from yr humble investor.......

kuring2

605 posts

Posted by kuring2 > 2021-01-26 12:48 | Report Abuse

I believe today closed price then devide by 2 + opening tomorrow 20%(+- 0.23)..

Maybe today can closed 3.40 above would be nice.. but heard today price will touch 3.50++.. still got room to go further..

Then keep 2 weeks to fly like euro.. RM5

kuring2

605 posts

Posted by kuring2 > 2021-01-26 12:49 | Report Abuse

Dont forget to hold the shares by end of day ya.. if not u will be missing a bonus 1:1 and warrant 1:3..

hakubasnow

263 posts

Posted by hakubasnow > 2021-01-26 13:46 | Report Abuse

@Purshotamdas Nathermal

EITA Theoretical x-all price

(last cum price x 1.0)+(warrants exercise price x free warrant ratio)
_____________________________________________________
(1.0 + bonus issue ratio + free warrants ratio)

Warrant Exercise Price = 0.70
Free Warrants Ratio = 1:3 = 0.33
Bonus Issue Ratio = 1:1 = 1

So if today EITA closed at 3.30 :

(3.30 x 1.0) + (0.70 x 0.33)
_________________________
(1 + 1 + 0.33)


3.30 + 0.231
___________
2.33

= 1.51

kuring2

605 posts

Posted by kuring2 > 2021-01-26 14:12 | Report Abuse

Bonus issue -> 1:1
Warrant -> 1:3 (after bonus issue based on the total numbers u buy + bonus)

Example:

Bought today 30,000 units

Bonus issues +(plus) 30,000 units
Total holding = 30,000+30,000 = 60,000

Then the warrant 1:3 from the total holding aftwr x date (60,000) = 20,000 not 1/3 from the unit we buy..but from the total holding after bonus issue..

You may read carefully the announcement.

So EITA is much2 better.. dont missed... golden opportunity..

Posted by aiekakashi > 2021-01-26 14:23 | Report Abuse

comeback is real... hold tightly.

Posted by Srsm Trader > 2021-01-26 14:41 | Report Abuse

superbly good stock.

hengsame

1,019 posts

Posted by hengsame > 2021-01-26 15:34 | Report Abuse

akubasnow @Purshotamdas Nathermal

EITA Theoretical x-all price

(last cum price x 1.0)+(warrants exercise price x free warrant ratio)
_____________________________________________________
(1.0 + bonus issue ratio + free warrants ratio)

Warrant Exercise Price = 0.70
Free Warrants Ratio = 1:3 = 0.33
Bonus Issue Ratio = 1:1 = 1

So if today EITA closed at 3.30 :

(3.30 x 1.0) + (0.70 x 0.33)
_________________________
(1 + 1 + 0.33)


3.30 + 0.231
___________
2.33

= 1.51
26/01/2021 1:46 PM

Can summarise after ex tomorrow;
What is mother share should be:
What warrant price should be at zero premium:
Sifu please explain

hakubasnow

263 posts

Posted by hakubasnow > 2021-01-26 15:44 | Report Abuse

@hengsame, like in any share after ex-date, the price will depends on market force - demand and supply. Like you can see today PBB shot up to highest 4.97, but nobody accurately see predict 2 or 3 week from now.

Even Scientex with the free warrants that went limit up 3 times, on ex-date the theoretical ex-price was at 4.13 and now trading at 3.98

hengsame

1,019 posts

Posted by hengsame > 2021-01-26 15:45 | Report Abuse

Is 1.51 the warrant price ???

hengsame

1,019 posts

Posted by hengsame > 2021-01-26 15:52 | Report Abuse

snow: can let us know:
what is the expected mother share price after bonus issue of 1:1
what is the expected warrant price after ex-date

hengsame

1,019 posts

Posted by hengsame > 2021-01-26 15:52 | Report Abuse

please share

hengsame

1,019 posts

Posted by hengsame > 2021-01-26 15:58 | Report Abuse

Any one please

Posted by Srsm Trader > 2021-01-26 16:00 | Report Abuse

limit up on closing today.

Posted by Innerpeacee > 2021-01-26 16:01 | Report Abuse

and its 3.38 now!

BASforce

220 posts

Posted by BASforce > 2021-01-26 16:03 | Report Abuse

3.44 wow

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