Share price move up n down is pretty normal. Retail investor normally ride on good news, and profit taking when it becomes quieter. Most likely the retail is waiting for the warrants news and place less attention on the latest business news. The moment the price got upwards or downwards trend, they will just follow.
But from the way i look at the shareprice movement, retail is waiting for the warrants news previously, and since there is no news yet, so either they profit taking, since holiday season coming, or like 817065, some maybe being forced sell cos they chase the price.
When market greedy, be fearful, when market is fearful, be greedy... i personally is holding on to the share and waiting for the free warrants. Actually the recent drop is good, flush out speculator and no holding power retail. Hopefully it can go alittle bit lower more so that i can pick up more for the free warrants.
Revenue Group Bhd Stock taking support from lower trend line support. Any day consecutive close below 3.320 violates support level of trend line can test 1.220 otherwise above 1.380 can bring strength and momentum till 1.44.
Near field contact (NFC) is not something new. I think those apple pay, samsung pay also using this technology.
Realistically, the security of using mobile phone to do NFC to do transaction/payment, need to have a big big mind set change from consumer. I still prefer using credit cards rather than linking my card to the phone. Unless there is a huge benefits, but losing phone and then the need to add the card again is going to be a deterrent to me.
I think there is still market for POS manufacturer, not all people have smartphone and may not be savy with handphone, so they sill still need a POS to accept cards.
Good thing for revenue is that they are already processing Unionpay card in malaysia, so is a matter whether they wana enable the mobile phone in malaysia.
Someone in klse screener mentioned warrants date will be out soon, dont know how true it is. Circular timeline said mid Dec to announce entitlement date though.
They could be waiting for the market price to be stable first so as to ensure the exercise price is a fair one. That's a good move as advised by their investment bank I believe.
If you still holding on revenue shares on or before 3 jan 2019, u will be entitle to the free warrants. Anydate after 4 jan 2019, u will not entitle to it even if u buy on the 4 jan 2019.
The warrants has a 5 years period, anytime from the listing of the warrant until its expiry date, u can exercise and use RM1.25 to get one monther share.
Alternatively, if u have the free warrants, u can sell it in the open market after it was listed.
Depends on what kind of expert u listen to... warrants are not for commoners who only understand/track/trade the mother share price and only listen to people saying the stocks are expensive and keep waiting and praying it will crash.
Yes. If you still holding on to revenue shares on or before 3 Jan 2019, you will be entitled to 1 free warrant for every 2 revenue shares. Remember the ex-date is 4 Jan 2019 based on the announcement.
All investment come with risk, so if you are not familiar with warrant then perhaps you dont touch.
If you have revenue shares now, you can decide to either to wait for the free warranrs then sell it at open market or you can sell your revenue shares now. But global market is not doing well plus holiday season now, unless your entry price is low, you can consider to sell, otherwise may be have to hold until whoever wanted to accumulate the warrants done with collecting. This is not a buy or sell call. I just invest based on my own strategies only.
Short term this counter is affected by the drop in global markets. Long term fundamentals are very good and they are going to partner with two other banks soon like what they did with Public Bank. And they are the first to introduce their all-in-one touch screen payment terminals for all their bank partners. So their long fundamentals are intact. Short term it's affected by global markets sentiments.
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....
RainT
8,448 posts
Posted by RainT > 2018-12-09 13:44 | Report Abuse
Many comment REVENUE share price is at peak .....
But with this high margin biz and strong growth on online payment going forward ......this should be good