MALAYSIAN BULK CARRIERS BERHAD - RESTRIC
KLSE (MYR): MAYBULK-OS (5077OS)
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Last Price
0.005
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
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2024-11-15
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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....
Legit
2 posts
Posted by Legit > 2018-09-03 23:45 | Report Abuse
doesn't make sense for this to trade at 0.5 sen or even 1 sen. The OS gives the owner the right to buy Pacific Offshore Services (listed in Singapore, last price = SGD0.28) at MYR0.65 or SGD0.2145 at prevailing MYR/SGD rates. So if we buy OS for 1 sen and pay another 65 sen (total cost of 66 sen or SGD0.218) we can sell at SGD0.28 (assuming no change in price) and make a profit. Think the selling pressure is because a lot of investors don't have Singapore trading accounts, so have to sell off their entitlements. But for those with Sing trading accounts this may be worth a look. Last trading day for the OS is Sept 5. Pacific Offshore owns vessels for oil and gas sector and recent results show a turnaround.