@investar2862 , retrace all the way back down to RM1 , with quite significant volume , although i suspect this is just a flushing from operator and insider. We will see what happen tomorrow.
@lappier811 , if you want to invest for the long haul , this is definitely a risky counter and the price is also a lil too high for you to keep long term. Make sure you have a strategy to scale in. good luck.
@Huat1 , minor correction Huat1 , the price adjusted from 0.995 to 0.895 , a total adjustment of 10 cents. A quick calculation means the warrant given will be traded at 30 cents per warrant on Monday. Supposed you have 10,000 shares , the adjustment cost you 1,000 ringgit , ( 10,000*0.10 = 1,000 ) , you will then receive 3333 free warrant on Monday , and if it's priced at 0.30 on the opening , you will get roughly 1,000 ringgit ( 0.30*3333 ) back , so you are actually still pretty ok in terms of overall profitability. The key now is to monitor closely the price action of mother shares and the warrant on Monday.
2 theories on what will happen.
a) Insiders will use this opportunity to offload their shares and free warrants to take some money of the table. After all , the taiwan family behind the company have already made money since the very bottom. Even if they are confident with the company's growth , it is perfectly rational to secure some profit.
b) Insiders will use this opportunity to further push up the price of mother share, make the free warrant even more valuable , then at the peak of the euphoria , offload their shares and warrants to make money.
No one can forecast what will happen , both scenarios are likely to play out , so plan your trade , and trade your plan accordingly. Good luck everyone! :)
wah wah wah , busy with work why suddenly this counter's forum get so violent? All arguments? By the way all sifus , I was told I will receive the free warrant automatic today , but still don't have? Should I be worried?
1) The above Company’s securities will be traded and quoted “[EX-BONUS ISSUE]” as from: 14 Jun 2019 2) The last date of lodgment : 17 Jun 2019
Remarks: The Bonus Issue of Warrants will entail the issuance of up to 214,333,333 Warrants on the basis of one (1) Warrant for every three (3) existing STB Shares held by the entitled shareholders.
The Company had on 29 May 2019 executed the deed poll constituting the Warrants to be issued pursuant to the Bonus Issue of Warrants.
The Warrants will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") 2 market days after the submission of the quotation application for the Warrants to Bursa Securities.
STB's share registrar will issue and despatch the notices of allotment for the Warrants to the entitled shareholders whose names appear in the record of depositors of STB on the entitlement date not later than 4 market days after the date the Warrants are listed and quoted on the ACE Market of Bursa Securities.
I don't know who is right or who is wrong since I am just a noob but I feel we should stop this conflict. Let us all pray and hope for the best. I am still waiting for my warrant. Sigh. So long.
I think he bought a lot , but cost is not that high. I don't know. Long time no comment already , maybe taking a vacation or waiting for warrant like most of us. Don't know what to do now as my cost is quite high, dunno want to continue holding or not now.
Yu_and_Mee sifu why so negative? Market not treating you nice recently? Your nemesis already not commenting here but you still so negative. Be happy la sifu.
Waraant always sell at a premium...the longer the expiry period, the higher the premium can go (of course must take into consideration of the prospect of the company). At current level, the premium of the warrant is not high...
I received some SCOMNET-WA, do I need to do anything about it? I'm new to investing, I plan to hold for long term. It says the warrant will mature / expire after 5 years, what does it mean, do I need to do anything about it?
Bonagin..You can either keep it or sell it. I sold mine already. Its no guarantee warrants will go higher. If you don't want to sell now, can keep but make sure you sell at least 7 or 8 months before the expiry date, coz after 6 months , very difficult to sell. I got burned twice already.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
smallplayernia
411 posts
Posted by smallplayernia > 2019-06-13 16:46 | Report Abuse
@investar2862 , retrace all the way back down to RM1 , with quite significant volume , although i suspect this is just a flushing from operator and insider. We will see what happen tomorrow.