it doesnt have to be 3 to 4 times, 0.2 would means 100% return for ppl that bought at 0.10. and the percentage is larger than its mother share. Thats why we have warrant because it sells cheaper than its mom for ppl that have less cash :)
Am I right to say that I need to pay 0.95 for conversion. So if I bought 0.11 for 1 lot of warrant, and pay 0.95 later for conversion then it will be 0.95+0.11 = 1.06? 1.06 will be my purchase price for 1 lot of GP?
Optimus 12 here us ask every one to buy IRIS in another blog you ask them to buy CSL must be the bomoh from KLIA. Other you don't believe me check the other blogs.
angelina2 there is a counter called CSL in KLSE suppose to be " best in the world" cost only 0.20 when its suppose to be 1,20. Making profit etc...another hum to your list!!!
All this information/news/speculation coming together is what we called mosiac theory. It could be true or it could be false.
but judging from what we all know:
P1 needs to be sold off due to too many capital expenditure. cant survive without further input. This in it self is worth a lot of money to GP(owns 57%) SK telecom(owns 26%)
SK telecoms bought its stake for 300mil few years back in 2010. from then on GP's stake is worth at least 657mil few years back(if GP disposed of P1 then its price should be about 96sen!)
657mil of 57% in P1/685mil shares outstanding = 96sen of course this does not includes debt or other assets. With a conservative discount we can assume GP is worth at least 80sen back then in 2010. P1 is valued at about 1.24bil back then in 2010 from sk telecom stake(from the star newspaper)
Fast forward to the future. With so much money being pumped into P1, theres rumors of P1 sale being 1.2 to 1.5bil. From here it should be logical to assume GP will get back at least 600mil and its share price is worth at least 80sen following 2010's valuations.
if GP's very conservative price is worth 80sen from owning P1....buying now at todays price of 44sen is definately worth it as we can go for a min of 80sen when it reaches imminent sale of P1.
80/44 = 81% gain!!! is this good or not?
As of today..the sale of P1 could be worth much more. maybe 1.5bil translating to a possible GP price of rm1.24
now this is just simple logic and reasonable due diligence on studying this green packet stock.
few other revelations.
osk has bought MORE of GP. ccpuan and kok onn has sold of their shareholdings but still retain 20% individually to still have control of GP. smart and logical. osk owns 15% suddenly. I believe they bought some from the disposal from ccpuan and kok onn at about 40sen plus at market price. hmm why now? if GP is so bad and P1 so bad...osk will NOT buy more. why?
BECOZ THEY BELIEVE GP's share price is worth a lot more. These are smart ppl. they will not want to make peanuts. 100mil 15% GP at 40sen = 40mil
if GP goes to just 90sen they make 50mil cool profit.
This is just simple opinion and deduction. the choice to buy or sell is still up to you.
However pls bear this is mind. there will always be risks involve.
Now, this is what I call rational analysis. Well done, Cool! I concur with everything you said.
In normal circumstances, I deduce GP's stake in P1 is worth at very least RM1.2b, possibly even up to 1.5b or more. But these are not normal circumstances - CC is pushed into a corner, he has no choice but to accept what the buyer puts on the table.
But minimum 1.0b, in the worse case scenario, i think.
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....
moneysucker1
335 posts
Posted by moneysucker1 > 2014-03-14 14:30 | Report Abuse
it doesnt have to be 3 to 4 times, 0.2 would means 100% return for ppl that bought at 0.10. and the percentage is larger than its mother share. Thats why we have warrant because it sells cheaper than its mom for ppl that have less cash :)