Sg fund through normal acquired at price 0.7x,china investor will through private placement which is proposed by gp in early this month,but the pp will exercise next month,two big fund come in now,both had mentioned to help gp growth, not waiting to sell their share in profit,pang72 if u scare to buy at this price dont be sour grape
Unlikely that the Spore Funds so decided to invest 7.19% in the Capital of the company. Rather, I would guess that the Funds may have wanted to buy 100 mil (or even 200 mil) shares but now settled with 65 mil OS and could be 35 mil Wb. IF such is the plan.. 65 mil OS X RM0.70 + 135 mil WB X RM0.25 , TOTAL could be investment cost RM79.25 mil only. So far, the paper gain is , 65 mil X RM0.055 + 135 mil X RM0.025 = RM6.95 mil already.
The plan to invest must have been started at least many days ago...so the Warrants were purchased days earlier at RM0.25 only.
It doesn't matter who are those sellers...who had unloaded or who has not yet.. the objective is the Funds may want to own ,say 200 mil shares in the company...i guessed.
Anyway, in the recent months..seldom heard of any foreign Fund also..intend to take up certain shareholdings and immediately justified so clearly the potential of the company which the Fund had invested.
Should we have acted or reacted like this Fund...we may have purchased fearlessly the moment being disclosed the news about a China funds also had invested, we all have made more profit in a big quantum..but many reacted like a....sinister.
In another word, the Fund could have booked another 135 mil share at RM0.65 each, (WB RM0.25 + the Conv price). The Fund may convert the Wb ultimately.
Given that you are the Manager (like the chief) of this Fund, not even the very big fund among the all that are based in Spore, if you have reacted like a sinister...meaning you suggested that this Fund had invested carelessly?
They put in the money and started to share your fear?
Wb - now how to get at RM0.275 anymore, who wanted to sell?
In other instances, the conv price even higher than the OS price, to some their warrants supposed to be negative value but it is sold at almost half the price of the OS, madness!
Here, no need to teach anybody about the the discount amount unless we failed our Maths in the schools. By right it is RM0.36 only.
Buy and keep for a while, better than setting up a durians store..
You Smart fellow. My 2 remisier caused me to earn less..i want to close the account with them..these type of dealers just not helping themselve and their clients..
if G3 warrant conv price is RM0.10 , the warrant should be RM3.01 (instead of RM2.80) since the mother already RM3.11 today. Again got discount. Truly, you seldom you these type of cases. I am astonished.
So, no shivering at the knee. Just take it like it is a "good risk" (like got good debt and bad debt).
IF people can be even quite sure about the TP , nobody have lost like HL bank RM20.00 a share you bought and now left RM16.00 , almost like lost your underwear already because you usually 1000 lots (HL bank) otherwise it is so negligible the gains.
So, RM0.20 you entered to become RM0.30 0r RM0.36 , how much you will suffer.
With the tremendous increase in Kiplepay profitability alone will bring the company to a greater high , stk is in bullish trend which increase gradually even the index is dropping. A safe bet in a bearish KLCI index trend
GP(w) give me very good profits much2 better than KNM and any other stocks I currently hold. The movement are very similar although it did not go up everyday. The operator will push up the warrant price whenever they want it and they did not allow ikan bilis to do it as if they don't the warrant price go up too fast like KNMw. Looks like they want to maintain the discount gap with the mother.
I do not see any sign of weakness or change of ryhtm in the movement. I got the feeling it will go much2 higher. But the risk is also there.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3339 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Palmboy92
142 posts
Posted by Palmboy92 > 2019-09-28 15:33 | Report Abuse
Sg fund through normal acquired at price 0.7x,china investor will through private placement which is proposed by gp in early this month,but the pp will exercise next month,two big fund come in now,both had mentioned to help gp growth, not waiting to sell their share in profit,pang72 if u scare to buy at this price dont be sour grape