will hold at 2.5 - 3 cents and will go out of PN17 next Qtr. Most likely will then shoot up to 25 cents.Daya has a lot of projects in hand and will only materilalised at 3rd qtr and last qtr. Can collect now at the low price. don have to worry !
Siem Offshore unit to receive about US$4 million as partial payment of its receivables, retain a small convertible bond and convert the remainder into new shares of Daya Materials at various conversion rates under regularization plan submitted to Malaysian regulators.
FYI, Siem Offshore bond conversion price should be around rm0.13 - rm0.165 (may be higher or lower) depends on Premium/Discount given by Daya when the date bond issued. Not base on current price.
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sedonaal
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Posted by sedonaal > 2018-03-31 15:20 | Report Abuse
Likely to drop further to 2-2.5s