|Last Price ||Avg Target Price || Upside/Downside ||Price Call |
|0.96 ||1.23 || +0.27 (28.13%) || |
|* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.|
|** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).|
|Date ||Open Price ||Target Price ||Upside/Downside ||Price Call ||Source ||News |
|03/07/2014 ||1.05 ||1.23 ||+0.18 (17.14%) ||TRADING BUY ||KENANGA || |
james70 Well, it is going to be a short term pain for you but if you intend to subscribe the rights, you now need less money compared to when the share price was > RM1. I doubt they will postpone the rights because they may need it for DaMen.
laughdieme77 Posted by kancs3118 > Oct 15, 2014 05:12 PM | Report Abuse
@ laughdieme77, my average entry price = RM1.07. What is your take? Live with this flushing?
Few options ahead:
Option 1: Exploit this market to average down...then, when the rights issue come, hope the market price at rights issue is higher than the new (lower) average price. Take note i have no more bullets left. The ONLY way to free up capital is by selling off a portion of the mother share and then subscribe to the rights issue. This can only work if the market price during rights issue will be more than the average price.
Option 2: Do nothing.
kancs, if u have a lot of money to average down, feel free to do some, someday it will go up again. but donno when.
if u need the money in near term, u better lightened up bcos Uncle Bear is here to stay.
kancs3118 Hi James70, i maybe abit slow...just asking, where is the discount brought about by this carnage?
The lowest the rights can go is RM0.50 per share because the par value of the share is RM0.50. That means my theoretical ex-rights price is (RM1.07+RM0.50)/2 = RM0.79.
Hence, if the market price before rights is at RM0.75, the theoretical market ex-rights price is at RM0.63.
This means i will still be losing RM0.16.
Am i missing something here? Please advice.
james70 The loss you have made is in paper unless you sell. If they put the rights at 50c, you need to fork out only 50c/share vs RM1/share since the previous prices which were hovering > RM1 for many months.
kancs3118 Hi James70, just a quick question. How much do you think they are going to priced the free warrants? Looking to close the gap on the RM0.16 per share losses...
is there any warrant valuation model that you can share with me?
james70 It could be somewhere between 20c and 30c depending on the exercise price.
Icon8888 latest update on GOB
gohlai this is a fail project...summit there is freaking jam...soho charges commercial rates for utilities...those ppl practically paying hotel rooms space with housing prices...dumb haha
changccs87 US rise so sharp, europe arleady rise 2%, Monday GOB sure kena goreng up up up again. will sapu more on monday!