Base on formula, it will drop to 2/3 value = 137 *2 /3 = 92~. Means 0.92 should be the value. Now is 1.25 already, high drop from 1.34 today (1st day). Don’t worry, is normal and will continue for few day to drop. Expected result drop 1-2week.
I have been waiting for this kind of price for so long. No scandal nor abrupt losses in the company, fundamental won't change overnight. Syndicate wanna con panic ikan bilis. Its price will recover faster than u think...
Mother share at 1.25 is equivalent to the exercise price of the warrant. And 1.25 represents a 8% discount to the volume weighted average price at time of determining the exercise price.....Thus, 1.25 is also a discounted price.
WAtchout !!! Moratorium (no sales of shares) of 45,000,000 Promoters' share are lifted on 18.01.19 (6 months after listing date) will flood the market !! Can the price still hold above RM1 ?
Every company listed on ACE has a 6-month moratorium period. Does it mean that every ACE listed company shares will flood the market after the moratorium period? Does it mean that?
The warrants most likely will be in 2 weeks time, or maybe 3 weeks time. If i remember correctly, there are some rules like 10 markets (maybe longer) or so to go through the motion as stipulated under the rules. So either at end of this month or maybe 3rd of this month.
Theorectical price is just a textbook calculation. Even black Scholes model is just one method to calculate. Ultimatelt, it is still the market forces that will drive the price. And from the confession of the group/gang... your pretty much know they will be the one driving that price up or down already.
One thing for sure is that this group/gang is not market operator/syndicate... those syndicates will not go around telling people “I’m the one doing it”... unless they think the coffe at the regulator offices are very good...
Seasoned traders/players/investors will accumulate mother shares up till ex-date. So expect warrants to be very very volatile upon listed.
Now the possible scenario will be, depending still have mother share on hand...
One scenario is that, no mother share on hand, that means they will sell down the warrants upon listing.
Another scenarios is that they still keep some mother shares, then push up the mother share either before or after of the listing of warrants and sell down the warrants.
Of cos there is another possible scenario is to accumulate mother share now until the listing of the warrants... but this scenario may or may not works because the price is recovering abit now so will make the entry cost abit high, so may result in lower profit.
next week will pullback, base on chart. Most likely will back to 1.28. If broke below 1.28, then goes to 1.25 or 1.22. Buy at 1.22 better. It's downtrend, lower high formed. Next will be lower low. 1.22 very strong support. If 1.22 broke, then goes to 1.09/1.10, where 1.09/1.10 is the strongest support.
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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....
Moc Nokin
222 posts
Posted by Moc Nokin > 2019-01-04 15:34 | Report Abuse
Today drop a lot, will continue drop for few day.