Yes skrc, this is one of the possible scenario to unload their 8 / 8.5 cents at 9 cent and then accumulate again at 8.5 sen and lower. So that's one day show only!
2nd possible scenario is they will push up mother share price > 10 cents to unload their subscribed rights shares & warrants substantially maybe like luster.
3rd possible scenario is they got insider good news to push up mother share price as high as possible before release of good news to the public.
Anyhow, we will know which scenario is right by next week onwards!
NN-WA looks attractive. Exercise price RM0.10 vs RM0.11 for NN-WC. NN-WC trading at RM0.065 but NN-WA only RM0.05. Both expiry date is still far far away (2022 for WA and 2024 for WC). Do u think NN-WA at RM0.05 is justifiable??
I think the current NN-WA share price is fair same like luster-WA & WB. The NN-WC is higher than NN-WA may due to free float shares is less and about 80% of WC shares was controlled by big boy, so its share price can be pushed up easily.
to RM1? I don't think so... unless.. there is really good project waiting for NN.... which is very outstanding... or maybe foreign company 100% acquire the company with offer price RM1....else.. I cannt see the value of RM1 for NN.
I didn’t do much research on this counter, but based on its expiry date, conversion price and potential upside / TP of mother share is not so attractive for me to invest it.
1. Expiry date: 26/10/2015 (less than two years)
2. Conversion price of mother share: RM 2.07 [RM 1.00 (exercise price) + RM 1.07 (current WA price)]
3. Potential upside / TP of mother share = RM 1.90 (PE 15X for FY 2015) if based on the average TP by research house which is lower than the conversion price (RM 2.07)
Anyway, decision is yours & trade at your own risk. :)
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....
skrc
112 posts
Posted by skrc > 2014-02-09 12:23 | Report Abuse
i feel they just want to unload their 8 cents only... price wont go higher