dont really understand. -WB price is 0.12, exercise price is 0.3 to convert to mother share. means WB holders are paying 0.42 for scope share. but they can easily get scope now at 0.305.... hmmmm....
What the operator is doing is that they push down mother price to collect the son cheaply. Common tactic used in operation. To lure people throw son to them since warrant trades at high premium.
The way i see it, operators are viewing scope as good mid term prospect and expect mother share to go up significantly. Hence warrant is still considered undervalued
Operator pressing down and this will lead to some short term force selling to emerge so that operator can stand there collect back cheap stocks. Common practice for operation. Cash rich investors can buy discounted stocks during this Christmas sales. Buy and hold and don’t use margin.
Yes I have been waiting to buy back as well. I think around 0.25 can start the first round of buying. Remember to just queue at lower prices. No need to chase high. Queue from 0.20-0.25.
There won’t be any news flow during accumulation phase. Their intention is to create fear and so those uninformed ones will throw cheaply to the operator. Just buy and hold and don’t use contra and don’t use margin.
@bowls: imagine u got 2 wives. wifey1 house is fine but wifey2 house got problems. now now, do u think that affects u financially, or no? Either ways of thinking, it will spook investors away. Hence, the selling pressures. hope it helps, and in a way, answers to ur quest. hv a gd day sir~
Invectec has alot of subsidiaries, solar is one of them. Scope has nothing to do with inventec solar, but more or less it will spook investors away. One thing to note is, They announced inventec solar bankrupt early of the month, but now almost end of dec, delay selling much? what's the purpose? Director mass collecting??
market sentiment bad, end of year sales, operator force selling to collect...many other more factors to consider in.
It also drops till my alert level trigger. Still the same Q. What does scope trading in Singapore do? Revenue of RM30M+ but profit margin around 1%. Receivable increase so many fold. The risk rewards ratio macam tak betul. Lucky got palm oil to support the profit but they are selling it off.
well well, no1 mention bout inventec's sub goes bankcruptcy till i do. wonder how many trying to claim the credits of "knowing". well, not gonna say much anymore and back to me cave =))) happy investing/trading guys!
Don't only look at the revenue and profit le. Look at the receivables also. If continue to ballon.....red flag red flag. Also, the trading company profit margin in Singapore.
RENOUNCEABLE RIGHTS ISSUE UP TO 384,557,653 NEW ORDINARY SHARES IN SCOPE INDUSTRIES BERHAD ("SCOPE SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.175 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING SCOPE SHARES HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON 25 JUNE 2021 ("RIGHTS ISSUE")
KingKong_Doll It also drops till my alert level trigger. Still the same Q. What does scope trading in Singapore do? Revenue of RM30M+ but profit margin around 1%. Receivable increase so many fold. The risk rewards ratio macam tak betul. Lucky got palm oil to support the profit but they are selling it off. 22/12/2021 2:18 PM
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Posted by Hoot9Yee > 2021-12-06 13:30 | Report Abuse
RM0.30 exercise price is really high man ..