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i3gambler

Author: i3gambler   |   Latest post: Sun, 10 Nov 2019, 10:38 AM

 

SAPNRG or SAPNRG-WA?

Author:   |    Publish date:


https://klse.i3investor.com/blogs/gambler/197801.jsp

Please make reference to the above my post published on 14th March 2019.

The mother share and WA were RM0.340 and RM0.110 respectively.

Then 3 days after that on 17th March, I wrote a comment to the post that we should take profit as both mother share and WA had gone up so much.

 

 

7 months has passed, let us check again what happen to SAPNRG and SAPNRG-WA now.

Surprisingly, they are RM0.270 and RM0.125 now.

Mother share has gone down 7 cents or 21%!

But WA is RM0.125, still 1.5 cents higher than the then RM0.110!

This is crazy.

 

Anyway, let the calculation tells.

Inputs:

1) The mother share volatility, calculated from the last 90 trading days was 32%, significant drop from last March's 45%.

2) For the interest rate, last March I input 4%, so now also key-in 4% lor.

 

Outputs:

3) Aiya, the fair value for SAPNRG-WA is only RM0.055 now, the market price of RM0.125 is very very expensive lei.

 

 

But wait, wait a moment,

I always say that the interest rate is actually used as the average return per year in the calculation.

Why not put a higher %? May be the market is believing SAPNRG could provide high return to the shareholders lei?

OK, OK, I trial and error lor, until the fair value approaching the market price of RM0.125.

Wow, the interest rate has to be as high as 16% lei.

For your info, for the purpose of evaluating whether to buy or not a structured / company warrant, I never input interest rate higher than 8%.

 

 

 

So, after talking so much, what is my conclusion?

At the moment I dun have any SAPNRG or SAPNRG-WA.

I might want to buy SAPNRG-WA again if I find the market price is very much lower than the fair value.

For your info, for this company SAPNRG, I will key-in interest rate of maximum 4% only.

 

Trade at your own Risk!

 

 

 

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Labels: SAPNRG, SAPNRG-WA

Related Stocks

Chart Stock Name Last Change Volume 
SAPNRG 0.29 0.00 (0.00%) 118,594,000 
SAPNRG-WA 0.13 0.00 (0.00%) 4,294,500 

  Be the first to like this.
 
i3gambler In another word, at the moment when the mother share is at RM0.270, I will only buy WA if the market price is much below than the fair value of RM0.055.
19/10/2019 12:10 PM
speakup or in other words, if WA is 12sen now, mother should be 54sen now
19/10/2019 2:06 PM
i3gambler Hahaha...OK..OK..

Input interest rate and volatility at 4% and 32%,

Then trial and error the mother share price, until I get WA's fair value of 0.125,

The correct mother share price is 0.395.
19/10/2019 2:28 PM
johnny cash Don t get involve with this company, debts too HIGH, stock has lost gearing, cause my public placement
19/10/2019 8:08 PM
johnny cash This stock will never MOVE, do not waste your time n money on this counter
19/10/2019 8:09 PM
johnny cash Pick up some good digital economy stocks, that s the trend now
19/10/2019 8:10 PM
ColinLim What about vsolar
20/10/2019 3:16 PM
KAQ4468 Waaaaaa.... When Sapura can back to 80 cents ??

Aiyookk ammaaaa appaaaa

MLM members now tinggal tulang after kena con kena kencing with spinninglotus
20/10/2019 5:59 PM


 

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