Daya owns 1.74% of Reach Energy (SPAC). The latter will be listed this Friday, Aug 15. Daya is 34sen+ and Reach IPO is 75sen though Daya bought Reach shares at 45sen a pop. Do your own math...
even if they sell, they won't sell it below 10% return right? don't see the point for them to sell without making profit, it's good enough if daya can make it to 40cents.
They wont sell now. but if Daya is 40sen, will they sell? Or 45sen will they sell? Bear in mind, Daya fundamentals isn't rosy. I wouldn't have touched Daya is not because of Reach Energy IPO.
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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....
Gji Gan
378 posts
Posted by Gji Gan > 2014-08-13 12:22 | Report Abuse
Tp 0.5, got from someone