This WA is for long term ......5yrs. Above Rm 1 or more by then. Compare with other banking WA stocks previously and you will see the light. It's very very cheap at this price.
Today opens at 38 cents? If such, then expect this warrant to reach 40 cents....go for it.BTW, I stillgot many containers at price of 24 cents per share as I had said before...so now big paper gain but still not selling as I had said before until above 40 cents.
Brother, you think it will go down to that? For this to happen then BIMB the mother must drop price to 3.50. BIMB is not losing money so why should it drop...so stop dreaming my friend if you want to collect cheap. And btw, when it was cheap at 24 cents, you don't want to buy then & so miss your chance.
IN FACT I EXPECT 40+ CENTS TO COME SOON FOR THE SON.
The worst is over for BIMB. (1) Q1 is so bad for crude oil future....which is drop lowest USD 26 ...it had reflect BIMBwa to 23 sen....and BIMB..RM 3.17..(2) Last year Q1 crude oil & ringgit value much higher than this year Q1.., so 2Q this year, (Apr-Jun 2016), much better than last year....wait & see
Accumulate slowly on average down..suitable for investors..this works if u have more money to out aside for a medium period..just make it ur price is close enough or maybe lower than current..once the momentum in, as for traders,dont wait maa..1,2 bid can run if u average ur entry..better than just waiting for miracle in short term mode..
Unusual trading pattern occurs during last 2 trading days..with BIMB up a few sen while BIMB WA down a few sen with heavy trading volume ...now the worry is that if long time rumours that BIMB is going to be taken private..and its listing status is being transferred to its subsidiary Bank Islam...If this corporate exercise is materialized....the consequence of BIMB WA which is out-of-money carry no intrinsic value..will only likely to be offered of buying value of 1 to 5 sen...please be aware of this ....for those who are holding this warrant , you might opt to cash out or swap to other counters.
Good explanation from cytew. Those holding warrants should take note. If you observed mother shares are acquired in huge quantities. And out of sudden warrants plunge. That's why I never touch the warrant although it's cheap.
You may have a point there Cytew. But yesterday, the huge selling was done 10 minutes before closing. Maybe this individual may have switch to mother share and sold his/her warrants... however we shall know once continous heavy selling of warrant continues..
Bimb wont be taken private...separating Takaful and Bank Islam will only diminish Bimb synergy...relisting Bank Islam using Bimb will erose its value.. taking Takaful private is better option instead
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....
CUTLOST
5,178 posts
Posted by CUTLOST > 2016-03-20 20:31 | Report Abuse
As expected still target 40cts