yes, bursa gave approval. next is to get shareholders approval at EGM. if shareholders also greenlight, Daya will be out of pn17.

https://www.theedgemarkets.com/article/daya-materials-gets-green-light-regularisation-plan

aim permaju-pa. conversion is only 4 sen + 20 sen for 1 mother share.

unlike permaju-wa conversion is 15 sen + 25 sen for 1 mother share!

permaju-pa is a good buy

After studying the announcement on the acquisition of 60% of ping for usd78m carefully, I noted 2 key points.

Dnex is buying the 60% of ping at 20% discount to market value. In terms of rm, that's rm80 million. But giving the uncertainty surrounding oil and gas, the discount is perhaps reasonable.

But more importantly the key takeaway from the announcement is that dnex purchased 30% of ping back in 2016 for only usd10 million! This means dnex's 30% stake is invested at a huge bargain. To record 90% of ping in dnex books, dnex needs to revalue it's 30% stake in ping, sort of like a revaluation of property. The gain here is easily usd30 million (usd78m is for 60%, 30% is usd39). There is a revaluation gain of usd29m or 120million

The 2 gains here added up to rm200million, almost half of dnex marker cap.. sounds like a positive cue here

Tania Scivetti appointed as director.... linked to umno

should be triggered already. emphasis of matter on going concern + net assets below 50% of share capital

big red candle later

airasia just released audited account and have emphasis of matter. seems like triggered PN17 criteria today.

you're right... hopefully today rebound

haha lets not conver then... the gap should shrink when more people are aware of huge discount! with 4 sen dividend ex-date on 15 june, the selling pressure should be low. who want to sell when dividend coming up unless market crash.

so we have about close to 10 market days fo rthe discount to slowly close the gap

GN021 that's not true. Assuming you net off the 4 sen dividend.. The warrants should worth RM1.07 (RM1.11 minus RM0.04). and that's still about 30 sen or 40% discount.

PWR is a fundamentally strong stock. I think this is unlike those discount mismatch u always see in penny stocks which are always a misled trap

Dividend yield around 6% at current price. Both mother and warrants aer good buy

Low awareness and low liquidty, resulting in mother going up faster. All eyes on gloves now.. Amother reason I believe some funds policy cannot buy warrants

After GCB-WB, PWR-WA another warrant trading at huge discount with long expiry period. PWR-WA should worth RM1.11 (RM2.65 minus exercise price of RM1.54). That’s about 45% upside. With dividend entitlement due in next 2 weeks, selling should be lower than buying. so mother share price is quite safe currently

GCB-Wa worth RM1.25 now (RM2.90 - RM1.65). Almost 20%+++ gain if convert!