isn't as clear as daylight when more than 10m to buy at 0.47?Even your own money would not buy at 0.47 to vote NO just for 0.48 in one years time and another 0.015 in 2 years time when the receiver close the file,much less those professional yield seeking funds.
why waste time with Rsena for yield at 0.47 when one can buy so many other safe asset classes for much better returns like IWCITY for its GO at 1.41 to get 1.50 within 6 months for more than 12% yield
market taking 0.475 smells of a possible QA.Maybe it is A&W or may be it is a few things which they call a home grown F&N in the making.Either way,the share price will blow away 0.50 and the warrant will spike away for the sky
A&W is good biz, only need capable experts to turn it around.
just like Airasia last time under DRBHICOM suffer loses after loses, but once take over by Tony Fernandez, Airasia turned around into a very profitable biz.
PAG buying more Red Sena. Speakup, you should know better, it's like in Reach but this time there will be no MTD to buy PAG out. IWCity there's no guarantee the GO will be done at RM1.50 as there's still Ekovest EGM hurdle to get past which requires Ekovest minorities to approve.
Speakup speak what is brewing.No yield investor will buy at 0.475 much less today 0.48 also done.If all 0.48 is taken that means a pretty interesting QA is likely,in which case the price is likely to break above 0.50 .when that happens,there is no worry about disruption by yield seekers who can sell in the market and get their money one year earlier,like this Contrarian.There will be only YES vote to QA,after which Rsena will be viewed as a F&B counter and its PE multiple can expand
Last month I sold two tranches at 47 sen and used to proceeds to buy Ekovest at 91.5 sen and Cresbld at 88 sen and still holding these two. It's pointless to hold on to Red Sena as there's so little upside.
The challenges faced by our Company is formidable indeed. The asset prices have risen significantly evidenced by the Super Coffee deal in 2016 and the OldTown Coffee deal in late 2017.
Notwithstanding the challenges, the Management Team will continue to make every effort to conclude a QA within the Permitted Timeframe.
As mentioned by our Chairman on page 6, the first quarter ended March 2018 is the last practicable window to sign an SPA in order to be in a position to conclude a QA within the Permitted Timeframe.
By the time we meet at our AGM on 22 March 2018 we would be in a better position to know whether we have a realistic chance to complete a QA.
sifu thecontrarian @TheContrarian hi my old friends you also notice this counter. good sifu can ask you still.hold reach or sell reach because not see you at Reach anymore is it not a good choice to hold Reach? appreciate your advice
Hi Ivan, been busy with CNY preparations, staying away from the market. Added more Reach recently when it dropped. High Brent price will benefit Reach.
@thecontrarian Hi the contrarian is ok you busy I also busy currently But is too late . I kena this time market crash Mkland loss 30% Bjc loss 20% Reach loss 20% Wrk loss 25% Malakof loss 10% Tdm loss 30% Sign loss 20% Tambun loss 10% Mhc loss 15% Sanichi loss 30% Tiger loss 30% Pdz loss 20% Bat loss 20% Taan loss 10% Jcy loss 20% Opcom loss 20% Ytlpower loss 15% Sntoria loss 20% Jkgland loss 25%
The profit one I skip because I got too many counters in my account.
@thecontrarian Hi the contrarian is ok you busy I also busy currently But is too late . I kena this time market crash Mkland loss 30% Bjc loss 20% Reach loss 20% Wrk loss 25% Malakof loss 10% Tdm loss 30% Sign loss 20% Tambun loss 10% Mhc loss 15% Sanichi loss 30% Tiger loss 30% Pdz loss 20% Bat loss 20% Taan loss 10% Jcy loss 20% Opcom loss 20% Ytlpower loss 15% Sntoria loss 20% Jkgland loss 25%
The profit one I skip because I got too many counters in my account.
Looking at the movement of the share and warrant, probably something is brewing and those with the privilege information had started accumulating esp the warrants. I guess announcement of QA may be very soon.
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Posted by Rio2814 > 2017-12-26 20:38 | Report Abuse
Sona listed in 2013 and failed, as a results they are still waiting for their money..... hahaha 4 years. Good lessons from here.