At this moment Buaya likely finish frying limited Edition Warrants. TQ Tq come again. Its been nice serving u guys on a hot dinner plate. Don't believe me? Just see how it perform further down ok. I guess nobody give a shit what I have said so far so adios its been nice watching the slaaughting house comedy movie.
Already sell signal...after dropping below 7.5 sen. This is not good. Already killed a lot of investors who bought at 12 sen and below. Who recommended to buy this stock? I think many cut loss and crying in silence.
Those bought PA at the highest of 0.12sen better convert using 1 PA +0.54 sen and your cost is 0.66 sen which is still giving you unrealized profit of 0.24sen against the mother at 0.90sen.
But you need to convert now and hope by the time you get back the converted mother........the mother price still at 0.90 sen level to made the profit.
Worst case the mother fall to 0.66sen........you just breakeven and lose the brokerage.
those bought warrant at the highest 0.33 sen , then sorry to said you are dead duck. just hope the mother won't fall further else your unrealized losses will be more.
Total SGB shares is about 100m mother + 50m WA + 550m PA ..... theoretically if a lot of ppl convert to mother, tbere will b lots of seller but very few buyer, price of mother will b pushed down to very low ...... probably around 0.60 or even lower ..... they hv to produce good fundamental to support a higher price ...... so, not advisable to convert now ... this is my own view ......
Those that stucked in PA n warrant at high price either sell and realized the losses or convert hoping that the mother price can sustained at current level and they can sell after the conversion is completed.
Else just hold and keep as the fund being tied down until the new quarter results is out in May'16.
Let us work on the cost of PA for those subscribe to PA ..... they paid 0.60 for 10PA + 1WA .... they shld hv sold WA at around 0.25 ..... so, their cost for PA is ( 0.60 - 0.25 ) divide by 10 .... 0.035 per PA .... if they convert to mother it's only 0.035 + 0.54 = 0.575 ..... but, i don't think the majority shareholder would allow the mother to drop to below 0.60 ( PA @ 0.06 ) coz ppl can accumulate PA then convert to mother share to take control of the board ..... this is only my 2 cents view ....
If ppl not willing to sell PA @ lower price, eventually someone will hv to buy back to safeguard their interest in tbe board ..... price will gradually move up .... depending on supply n demand ...... all the best to PA holder .....
SGB is tightly held by less than 100 shareholders holding > 90% of paid-up capital and would have been probably cornered by syndicate prior to the listing of preference shares & warrants. The shares have been pumped from 0.69 to 1.23 since listing date on 19 April. As conversion period only takes 8 trading days, additional SGB shares arising from conversion of pa to be listed anytime from now. Dumping may begin soon. How low will pa be dragged down ??
If i buy 10PA @ 0.01 to convert to mother is 0.10 only ..... 10PA @ 0.02 to mother = 0.20 .... 10PA @ 0.03 to mother = 0.30 .... 10 PA @ 0.04 to mother = 0.40 ..... 10 PA @ 0.05 to mother = 0.50 ..... 10 PA to mother = 0.60 ...... not sure how low PA can go down ..... can't wait to see it happen next week ......
taitaumau SGB is tightly held by less than 100 shareholders holding > 90% of paid-up capital and would have been probably cornered by syndicate prior to the listing of preference shares & warrants. The shares have been pumped from 0.69 to 1.23 since listing date on 19 April. As conversion period only takes 8 trading days, additional SGB shares arising from conversion of pa to be listed anytime from now. Dumping may begin soon. How low will pa be dragged down ?? Be cautioned. 30/04/2016 15:05
I m going to tell u a scary story now ..... don't play play .... listen carefully ..... If someone hv 2 SGB shares at 0.65 prior to ex-date, then paid 0.60 to subscribe for 10 PA + 1 WA, later sold mother share at 1.25 n sold WA at 0.25 ..... Now he earned (1.25x2)+(0.25)-(0.65x2)-(0.60) = 0.85 plus 10 PA ...... Wah, actually he can let go PA for free la ...... i better wait for ppl to give me free PA lo ..... hope to get free PA next week ...... cheers ...... goodnight
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....
GoodBoy
6,594 posts
Posted by GoodBoy > 2016-04-28 14:43 | Report Abuse
SGB-PA is a safe bet as long as price 0.06 n below .....