Someone slowly and silently accumulating share ahead of next week EGM and following week dividend entitlement and announcement of date bonus warrant entitlement
Unlike XDL also entitle free warrant and bi=onus share, but shareholder need to come out with cash to subscribe right share first, CAP shareholder afford to do nothing but entitle both cash dividend and bonus warrant. XDL share already moving, CAP with more goodies should follow soon :D)
Wow, XDL already run ahead, CAP still laggard behind agead of EGM to approve their respective corporate exercise XDL (right+ bonus share + warrant) and CAP (dividend + free warrant)
一般新发行的公司凭单登场价格都会在母股的1/3到1/2左右,哪怕转换价未明朗的情况下也是如此。(当然,只适用于profit making的公司,而公司越赚钱,展望越好,发行的公司warrant会越接近母股价格的一半,不排除会超出母股一半的可能。) So assuming CAP @39sen, warrant should fetch 13-19.5sen?
The determinant is whether warrant is in money or not, which depend on warrant conversion price and underlying market price. In CAP case, warrant is exercisable at 35sen and underlying open market price is 38.5sen, which mean, warrant is in money immediately once listing, at 3.5sen/warrant. Of course, newly warrant should trade premium at least 30%, implying warrant should trade at 15sen
No more private placement as management has decided to cancel it already. Please read bursa announcement on 19 Nov about abortion of private placement plan
I do share many concern over China base company about their too good to be true financial result. However, if company indeed make promise to payout 20% net profit as dividend and materialize it in stage, as shareholder, i will prefer to opt for long term investor and keep on receive cash dividend + freebie bonus warrant. Below is the search result from Baidu, china base web search to at least show CAP indeed exit and operate in China.
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....
hng33
20,463 posts
Posted by hng33 > 2013-12-05 12:24 | Report Abuse
19 Nov: announce interim dividend 1sen TE
2 Dec: announce date of EGM
13 Dec: EGM to approve free warrant 1 for 2
Est 13-15 Dec: announce date of free warrant
16 Dec: ex-date for 1sen dividend
Est 26-30 Dec: Ex-date for free warrant entitlement
Jan: New warrant listing
Feb: announce expected stronger Q4 result according to management guideline
Feb: declare final dividend of 2sen in accord to dividend policy payout 20% of net profit and expected EPF of 15sen