sbm's arbitrator bla bla then dvl's arbitrator bla bla!! litigation long way to go.... this is long fight for valid MOA.. kikiki.. but reach ipo is at the front of our eye!! oversubribe!!
SINGAPORE: Oil prices rose in Asia Friday after US President Barack Obama said he had authorised air strikes against Sunni extremist militants in key crude producer Iraq.
US benchmark West Texas Intermediate for September delivery rose 71 cents to US$98.05 while Brent for September gained 96 cents to US$106.40 in afternoon trade.
IVAN didn't get Reach IPO shares nevermind. Today got chance buy Daya cheap for exposure to Reach. Dont buy Reach when list cos it will open very high, at least 90sen. Safter to buy Daya at their price only 45sen (compared to IPO 75sen)
Last month, Daya Materials Bhd acquired 3.1 million shares of one sen each in Reach Energy Bhd for RM1.39 million or 45 sen a share, together with 133.3 million redeemable convertible preference shares of one sen each worth RM599,998, from Midvest Asia Sdn Bhd. The share purchase comes with an equal amount of warrants. Daya Materials, said the acquisition will increase its equity holdings in Reach Energy to 1.74%. The exercise price of the warrants has been set at 75 sen.....
REACH ENERGY IPO UP, DAYA ALSO UP NEXT FRIDAY......!!!
Tuakong61, if u do the math. If Reach open at 90sen and the warrants open at 25sen, Daya paper gain will be a staggering rm15 million (not rm12 million).
That why if u missed Reach Energy IPO shares, u still got a 2nd chance in Daya. Of course if u wait too long and miss Daya too, then sorry lar no more chance already.
If Reach open at 90sen, warrant at 25sen, Daya makes RM15mil which translates to 15M/1398M = EPS 1.08sen/share. Compare this with their recent best quarter was EPS 0.58sen (Q3 FY2013). So Reach alone is almost double their BEST quarter ever. And we haven't even count contribution from operating profit.
SINGAPORE: Oil prices rose in Asia Monday as dealers monitor sustained US air strikes on extremist militants in Iraq who are threatening the crude-rich Kurdish region, analysts said.
US benchmark West Texas Intermediate for September deliver rose 32 cents to US$97.97 while Brent crude for September gained 23 cents to US$105.25 in mid-morning trade.
Hi Bluechip . This info is from "TheEdge Newspaper" .From " TheEdge" , it seem that daya will not be so attractive. Might climb up slowly compare to Reach Energy.
Of course IF you can buy Reach at 75sen then that is better than buying Daya for indirect exposure to Reach.
But what are the chances Reach will open at 75sen or slightly above it considering that 98% of Reach shares are given to Institutions & high net worth individuals?
IF Reach opens at 90sen or even 95sen, do you dare chase? This is very high risk! It is safer to buy Daya as an indirect exposure to Reach.
Reach is going to fly on listing day coz 98% of IPO shares given to institutions & high net worth individuals. Unless you have the IPO shares, buying Reach on listing day is high risk. We all wish we have Reach IPO shares but most of us dont.
It is the same reasons investors buy OSK for indirect exposure to RHB, as OSK has about 10% stake in RHB at lower cost than current market price of RHB.
the way i look at it is that there was heavy volume at 32-34, so it is very likely that the new players will continue to play up the stock, even with mazlin selling the price spike up then so i think it will continue doing so
Mazlin selling to help create liquidity in the market . The Sumatec CFO also did the same with Sumatec. So Jangan risau lah. ( So don't fret ). The market is weak cos of the political crisis in Selangor. Raja Petra says that we don't have a PAKATAN government anymore. What we have is a Khalid Government. This is not right and is causing political instability. Political instability causes market instability lah.
What to do... we have greedy , power crazy nuts in the country and UMNO seems very good at making a mockery of democracy as we understand it.
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Posted by Newbie79 > 2014-08-08 14:52 | Report Abuse
hopefully Monday back to 0.330...