see the remark section, u can anytime convert your warrant at $1 to mother share. if u have gotten free warrant, the mother share you converted is essentially $1 only. do u think puncak will ever go back to $1 under normal circumstances?
Reminder to 6807WB (Puncak) warrants holder, Convertion price for the warrant only RM1.00, the closing price 1.66, is overvalued, and the price will drop till RM1.00 by the end of this week. Status : sell
Ooi's calculation can be accepted,but i would like to add further. puncak-wb still 5 years life span so a premium of 30% also can be ok (all depend on company's potential growth) worst scenario on mother drop to 2.20(unlikely) warrant price on 30% premium is RM1.86, 20% premium is RM1.64 Normal or good scenario if mother go to 2.90(very likely) warrant price on 30% premium is RM2.77, 20% premium is RM2.48 !!! Base on current political situation downside for Puncak is minimal, even the boss Rozali dare not sell because if block shares come out Sgor govn will makan !!!Rozali is worried to loose control, he issued the warrant is to dilute the state gov shares.This warrant is different from APFT,Cliq,Gbgaqrs or sona which issue to make money !!! Is a matter of time the warrant will be less n less in open market,you know what i mean !! I dont think Khalid will let go Puncak,he promised selangor rakyat that how also he will take over puncak and give all us free water forever!!!Actually the offer to Puncak is very good price but he dare not let go because too many untold thing inside the company.
otb, although I did not not enter puncak wb, you are spot on again in your stock selection. Bingo. Hope this put to rest adverse comments from some people.
today wb is almost reach what i predicted of 2.48, i advice sell all n take profit. put the money in bornoil and csl !!! Bornoil is about to break out this few day and csl force selling (T7 n T10) are fading off gradually and i doubt they will try again as their margin facility are serious damaged !!
watch out for break out !!! will limit up this few days \ dont play play with Sgor state government,today after exco meeting sapu all puncak from open market !!!
I m just register but i closely follow up the takeover puncak by state, please read the announcement from bursa, puncak recieve take over offer letter, please comment the actual value
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....
kcfan
1,881 posts
Posted by kcfan > 2013-07-26 09:23 | Report Abuse
Free from Puncak.Congrats all warrants holder.Cheers together on my black horse counter.