Everyone who own UMWOG stocks should go to the EGM on Aug 25 to vote against the rights issue. The rights issue is not good for shareholders. The prospectus implied a 23% discount on Theoretic ex price. At current rate, it's more like negative discount.

Current NTA per share is about Rm1. After rights issue, it will be between 47-49 sen. So I am urging everyone to go to the EGM to vote "NO" to rights issue. Propose that PNB take the company private. Taking the company private is better for PNB and the shareholders. So remember to go to the EGM on Aug 25. If PNB agrees to take the company private, the stock price will skyrocket.

No good for shareholders

How was it possible for Khazanah to dispose 91.9 mil shares? Market volume on Dec 9 was only 23.6 mil. This is fishy disclosure.

Ex date not announced yet. Still need BN, Bursa and AGM approval. But stay cool. The rally will come, if they do not cancel the bonus & rights.

All these sons and daughters are diverting resources away from the mother shares. Nevertheless, lets hope with MayBank's entry, the market makers will hold up the price for a good rally tomorrow.

Isn't the announcement by JCY today in BTime kind of expected. At least for me. I have been maintaining that all along. So how will the market react to such "news"?

The IPO price of the warrant is 0.15. It will be stupid for the issuer to sell the warrants at this IPO price where the mother share was already trading at 1.41 peak. At launch, the warrant was already in the money. (To get to the very basic: there are two values to a warrant - the time value and the intrinsic value. The exercise price of the warrant is 2 warrants + 1.25. So if the mother share is 1.40, the intrinsic value is 0.075 per warrant. If the mother share is 1.20, which is below the exercise price, warrant still has value so long as there's still time for the investors to bet on a rise in price. Time value is whatever the market decides it to be.)

Yes I do notice at time, the punters disregarded the fundamentals of warrants and treated the warrant investment like a casino. In such instance, the valuation can get out of wack. But in a structured warrant, the issuer is supposed to appoint a market maker to ensure that the value does not get to far off the mother share.

In the Europena style warrant, the only time that the issuers has to pay up is at maturity. During the cause of the warrant, the price can go up double, but so long as the price fall back to exercise price or below on maturity, the issuer will be ok. But the issuer cannot be 100% certain that the price on maturity will be at exercise price or below. So, during the cause of the warrant, when the price of mother share fall to below the exercise price, the issuer can buy up the mother shares. At the same time, the issuer may buy up the warrants as well. When the price goes up, the issuer can sell the warrants back to the speculators at a profit, knowing that it already locks up the value of the mother shares.

Hope this clarifies. If not, please Google to read up more on the basic of derivative.

usry, Will be happy to clarify. But first, what is it that you don't understand? You'll have to tell me.

The JCY-CI structured warrant listed today by OSK may have a dampening effect on the JCY price, at least in the short run. I am not certain how the warrant issuer intends to play the game. Logically, to set the exercise price of 1.25 in the midst of a 1.41 peak yesterday means the issuer intends to issue the warrant at a super premium, which is the case. JCY-CI opened at 0.235 and is currently trading at 0.25. To protect itself, the issuer will need to hedge the mother share at below 1.25. As the price falls, so will the warrant. I imagine the issuer will pick up a good measure of the warrant at that point. This should happen pretty quickly. Once the hedge is in place, the issuer will be profitable irrespective of the price. The two big issuers will benefit in the short run when the price falls. This is just my analysis. Be extra vigilant

Looking at the numbers, I can deduce that institutions are buying and the traders and retail are selling. It is fair to say, from the trading perspective, the market is finding its balance after 3 days of advance. Will the price ditch to 1.19? I can't find any substantial fact to justify that call. JCY had raked in a hefty jump in EPS in Q1. The market is expecting Q2 to be thereabout or better. So I don't see how 1.19 can happen at this moment. A brief pullback? Maybe. My call? The upward trajectory is still intact until the Q2 announcement. Any pullback before that is transient. So anyone who sells to exploit the pullback should jump back on the bandwagon.

The closing price literally slipped back to close 1.37 in the last second. Anyhow, 1.37 is still a good close to hopefully continue the rally tomorrow. All the best to all who still hold the JCY shares.

The candles, the day chart and the hourly and minute charts all point to a sustained rally. If the price can hold to close 1.37 and above today, there's better than even chance that the price may rally above 1.40 tomorrow. But of course, we can expect a pullback sometime way before the Q2 results are out. I am optimistic that the eventual price will be above 1.50 after the Q2 results are announced.

Someone keep buying at 320 lots. Is this some kind of a code? Why would normal investors or punters keep buying at 320?

Notice since the low of 1.07 reached on Mar 19, JCY has rallied to a higher low. If this positive trend continued, this pullback should not dip below 1.20 giving it a nice higher low progression. So Symori's 1.21 is just about right. Better days are still ahead. This pullback is a normal upward consolidation.

Notice the sellings are in small lots. The B% for 1000-lot and above category 81%. Looks like profit taking is by small traders, and the big fish are happily collecting them.

I am looking forward to big rally in RCE stock. The magic is the bonus issue and rights.

JCY rally is taking a break. Any estimate what the next support line will be?