Based on the chart, technical readings indicates that mother share price momentum will push to 1.37 then penetrate 1.40 and after listing of the warrants, hit new record high of 1.70 by end March.
lol, 2 very contradictory technical readings : one anticipates down-trending (Yu_and_Mee) and the other (817065) vice versa. I am inclined to support the latter's anticipation and I believe that the price is likely to move upward prior and post warrant listing (of course there will be some minor pull backs along the advancement).
Clearly the date should be after the upliftment of the moratorium on mother shares.
No owners will be naive enough not to have shares on hand and let people goreng their shares and do nothing, just like how one group dump and cause the share to go down on ex-date.
(1) The listing date of the warrants should be after the shareholders’ moratorium period. If you read their prospectus, their first moratorium is uplifted after 6months from their IPO. So whatever 15, 18 jan listing/trade date mentioned does not really make sense on the owners perspective.
(2) If i’m the owners, I would prefer to have my shares uplifted only then list the warrants. So can position themselves when the counter become too volatile.
From my observation in Jaks and AWC warrant listing recently, after one or two weeks warrant listed, mother share will do a small crash to a low or below the price on the warrant listing day. That means high chance Revenue will drop to at least 1.20 after warrant listed. After that rebound show.
#Revenue (0200 ) , the best performed IPO stock in 2018, from its first debut on 18 July 2018, with its IPO offer price of 37 sen, till last Friday closing price of Rm1.31 , it has already appreciated for about 254% excluding it's free warrant. With It's net operating profit for 2015 2.116 million, 2016 4.513 million, 2017 5.219 million, 2018 7.82 million, that has actually translated into CAGR of 53.02% , currently is trading at about 38.5 PE multiple based on last Friday closing.
18 January closing price is 131
First trading day for wa is on 22 January
Reference price for wa is 131-125=6 sen (by Bursa rules)
Limit up price on opening day is set at 6+30=36 sen (by Bursa rules)
Calculated Wa prices at various premium percentages are :
20% is (131x1.20) -125=32.2 or 32 sen
25% is (131x1.25)-125=38.75 or 39 sen
30% is (131x1.30)-125=45.3 or 45 sen
#Note Duration of warrant is 5 years,exercise price is RM 1.25
Hi cytew, i got a question. Why is it n2n-wb upper limit price on its first day listing is rm1.10? Their reference price is rm0.22. Exercise price is rm0.83.
believe it or not, like it or not, we cannot change the nature. profit taking always stronger. I think mother will stable at about 1.00-1.05 and warrant will stable at 0.20-0.25 in a month time.
Posted by UnicornP > Jan 19, 2019 09:09 AM | Report Abuse X
From my observation in Jaks and AWC warrant listing recently, after one or two weeks warrant listed, mother share will do a small crash to a low or below the price on the warrant listing day. That means high chance Revenue will drop to at least 1.20 after warrant listed. After that rebound show. ------------------------------------------------ Just that it drops a lot faster than I expected.
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....
Yu_and_Mee
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Posted by Yu_and_Mee > 2019-01-12 17:43 | Report Abuse
buy at 1.22 then if drop, buy at 1.09/1.10 again. If drop further then bye bye.