Posted by luckyman > 2011-10-16 07:02 | Report Abuse

Watch Glomac-W better lah. It is pretty much undervalued and its mother share is well supported under share-buy scheme. The company has about RM370 mil cash and RM550 mil unbilled sales locked-in. So its next 2 years' profitability is assured. Such opportunity is hard to come by. :-)

Posted by luckyman > 2011-10-16 22:06 | Report Abuse

The co is growing consistently and has another RM 18 billion projects to be launched by end of this year. Just imagine the upside potential for the warrant if the mother share goes up by a mere 20 sen for all the good news coming.... :-)

Posted by valueinvestor > 2011-10-17 19:37 | Report Abuse

At 27 sen, Glomac-wa is still undervalued. The intrinsic value is now 30 sen. If the mother share can move up to RM 1.00, the warrant shall then be worth 45 sen. Good buy!