Nexgram volume seems to be relatively huge recently compared to prior days of trading. And price has been rising up steadily, but not drastically, which is a healthy sign as there is no indications of speculation.
Hopefully this healthy trend continues and some good announcements be released as soon as they can.
I'm still bullish on the property development business they will venture into and hope TPY is able to make this a success with his connections in many companies he owns, like Protasco.
At RM0.145, it looks pretty cheap with its current fundamentals based on latest quarterly report. Holding this company for the long haul and hope to see it flourish in months or years to come.
Standing strong at 0.145 but mostly at 0.15. Technical wise looks promising, fundamental wise, the stock looks cheaper with the NTA increasing to 0.25 now.
I would recommend others to get the mother share instead of the warrants as there are too many warrants now, with quite high premium.
Furthermore, Nexgram may propose dividends in future, hence warrant holders are at great disadvantage.
The mother shares is already so cheap, I see no reason to take more risks in warrants as we can observe, the mother moves more than the warrants most of the time and taking the warrants now is not advantageous at all.
Getting bored waiting bonus. This time the owner really buy up everything. Sell cannot buy back no matter how. Something cooking but too slow. Can speed up?
I think if suddenly announce new big tech project then will help boast very fast XD but they seem din concentrate in their expertise & waste the talent.. now tech thing hot... why go border those sunken property project some more not expert in that field... so waste of talent... come on 30c im waiting XD
If announce today then TP trend could be from 12 low go 18 or 15 go 24 50% up? Maybe overun to 30 like other shares? Hope run slowly can play more rounds.
On behalf of the Board of Directors of Nexgram Holdings Berhad, Public Investment Bank Berhad wishes to announce that the resolution set out in the Notice of the Extraordinary General Meeting ("EGM”) dated 25 March 2014, was duly passed by the shareholders of the Company at the EGM held today.
Remarks : Holders of the Warrants B (“Warrantholders”) who wish to be entitled to the Bonus Issue shall exercise their rights to subscribe for new Nexgram Shares by lodging their duly completed exercise forms together with the relevant subscription monies with Nexgram’s Share Registrar (at the address stated above) on or before 5.00 p.m. on 11 April 2014. This is to enable the new Nexgram Shares arising from such exercise to be allotted to the respective Warrantholders such that their names will appear in the Record of Depositors for Nexgram Shares at 5.00 p.m. on the Entitlement Date.
Effective on 24 April 2014 (being one (1) market day after the Entitlement Date), the number of outstanding Warrants B and the exercise price for such Warrants B shall be adjusted in accordance with the clauses pertaining to the adjustments of the exercise price and number of warrants as set out in the deed poll governing the Warrants B (“Adjustments”). Warrantholders whose names appear in the Record of Depositors for the Warrants B at 5.00 p.m. on 23 April 2014 (being the Entitlement Date) will be entitled to receive the additional warrants arising from the Adjustments. For the avoidance of doubt, Warrantholders who lodge their duly completed exercise forms between 14 April 2014 and 23 April 2014 (both dates inclusive) will not be entitled for the Bonus Issue or the additional Warrants B arising from the Adjustments.
Pursuant to the Adjustments, the Warrantholders will be entitled to one (1) additional Warrant B for every three (3) existing Warrants B held and the existing exercise price of the Warrants B of RM0.35 each will be adjusted accordingly to RM0.26 each (including additional Warrants B).
As a result of the Adjustments, up to 40,000,000 additional Warrants B with the exercise price of RM0.26 will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 24 April 2014. A notification to the Warrantholders setting out the details of such Adjustments will be despatched to the Warrantholders in due course.
Sorry Choo & Sparkrider, just now playing golf with my friends so no time to check Nexgram forum.
For those warrant A, B & C holders, you are still entitled to get bonus warrant (ratio: 1 bonus W : 3 existing W) even though do not convert your warrant to mother shares. Just ignore it if you don't want to convert your warrant to mother share in order to get bonus mother share.
Anyhow, the warrant price and its exercise price will be adjusted accordingly on ex-date as per BM announcement.
Choo, that due date & time is only applicable for those warrant holders who willing to convert their warrant to mother share in order to get bonus mother share.
If warrant holders convert their warrant to mother share during the period of 14 April 2014 - 23 April 2014, they are not entitled for the bonus mother share or additional warrant.
convert will rugi meh? if i got 3000 unit nextgram-wa, convert to mother as exercise price 0.10 (nw mother 0.15), then i untung lo? is it that? i m new bie..sry
For warrant B holders memang rugi, but for warrant A & C holders may be worth if their entry price is below 5 cents.
I think mother share will be pushing up to 20 cents maximum at this period, but all just depend on the willingness of BP and participation of retail investers.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
choo
448 posts
Posted by choo > 2014-04-04 19:56 | Report Abuse
Gao
How come ytd geh off market 3.9m share din announce?
Is this the proper procedure?