Posted by richman > 2012-10-11 12:28 | Report Abuse

collection at 4 cts and this will move due to big boys involvement

Posted by nicermannson > 2012-10-11 12:42 | Report Abuse

still out of the money. long expiry date.

Posted by Mat Cendana > 2012-10-11 13:04 | Report Abuse

I just did, especially after seeing CPO prices going up significantly today. Still out of the money at ex price of 9.50 (Ratio 8:1) but the date of end-March '13 gives more than a fighting chance. I'd say a 3-sen profit is not overly ambitious although you'd have to pick up and wait.

Posted by kcchongnz > 2012-10-11 13:37 | Report Abuse

Sime Darby lao sai 5% to 9.28 a week ago while CR dropped 46% to 3.5 sen. Since then Sime has recovered to 9.71 this morning while Cr is still in limbo at 4 sen. Lets see, CR still got 5 and a half months to go but it is trading only at a premium of just 1%, plus the gearing is 30 times. Very exciting punt indeed.

Posted by Mat Cendana > 2012-10-11 13:53 | Report Abuse

Yeah, I remember what you had said about it last month. Unfortunate that I didn't buy then - already had other CW positions and didn't want to over-commit. The CR went up after that and I missed out. But that's alright because my other trades were okay too. Can't be too bold with the stockmarket.

Now that it's gone back to this price, with a very attractive premium plus reasonable time period, I feel it's definitely worth a risk. The only threat is that looming matter in court about the E&O buy. For Sime and CR to go up, an impetus is needed to create renewed interest. I'm banking on the rebound in CPO prices. A modest increase would result in analysts reviewing the plantations sector and fund managers coming back in.