Anyone holding Digista-wa? As it is going to be expired soon, May I know what is your plan, to sell, to convert, and let it become waste paper.
I have spend sometime to study the entire history of the company, and I can summarize it as below:-
The fact are as below:-
1) Digista-wa has around 100 million unit, and all this 100 million is hold by retail investor, Datuk Wira already sold all his Digista-wa few years ago.
2) If we assume all this 100mil WA holder convert it to mother share, then Digista will raised RM13million cash at no cost.
3) However, if all convert, then EPS will be diluted by 20%, and Datuk shareholding will also be diluted by 20% (current Digista's ordinary share is around 500mil, if all converted, then will increased to 600 mil)
4) As digista's gearing is already very high, it is very difficult for the company to get financing anymore.
5) As Digista already have few round of private placement in the past few years, all almost all the private placement subsriber are facing loss, as the share price keep dropping, so I think it is very difficult for the company to raise new capital anymore.
6) Looking at the uncertainty economy for 2017, every business holder would prefer to have more cash on hand, especially if this cash are non-interest bearing.
My opinion are as below:-
1) Since Datuk Wira no longer hold Digista-wa, so the expired are unlikely to force him to have any movement.
2) Digista mother share are unlikely to drop below RM0.13, because if do so, then the company will lost its opportunity to raised RM13million fresh capital.
3) In Sep 2013, Datuk sold off all his Digista-wa, around 40 million unit, so where is this 40 million warrant now? If you look at Digista-wa volume, it is very unlikely for the market to absorbed 40 million warrant in few day, so there must be some invisible market player swallow it.
Conclusion:-
I believe the share price might go up in coming few weeks, so that people will interested to convert the warrant into mother share.
Now I better don't say anything first. Just think why in no reason for sell situation or in very good market mood for penny stock suddenly so many sellers appeared.
You bought 0.20 trying to unload is it no wonder dont say so much la
Next few weeks mother 'may' go up, so clueless sheep will chase the already currently negative-premium warrant WA, and then...and then the mother will drop la once the local small-timer syndicates (read: latest digistar article) who cant play with the real big boys have cleared
Sounds clever.. this same like I ask ppl to buy Pmetal at 2.00 Feb last year and try to unload at 2.20 lor. I noticed you when Pmetal price at 4.00 then only busy to comment at Pmetal forum wor. Valuelucker, I hope you don't repeat the mistake, buy Digistar when the price jump to 0.30...
monthly income 3m from jkr sound good. annually 36m, but 19m need for serving bond interest and keep 18m yearly for redeem the bond 15 years latter(bond 270m/15=18m), end up36m-19m-18m=-1m, good or not good?
Noobhai moneykj one week already where your 30c...everyday drop la noobhai 80mil market cap with insider helping you to 'show' buybacks also cant push ah? go back to your mother's hole la dont cheat aunty uncle what 'tips tips' come la pump it up we're waiting noob
and your pmetal rm2 you promote? I advise you to buy back la looking at your crap returns conman...you know who can pick a stock that has risen 100% in 1 year, stayed stagnant and then in 3 weeks goes up 25%? Definitely not you, noob
You and your wannabe syndicate so damn noob have to go a forum to lure retailers
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Posted by kevin008 > 2016-12-07 18:14 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5283977
Boss keep buy..no need worry haha