For those newbies who willing to buy Nexgram warrant, WA is the best choice due to lower premium & exercise price if compare to WB & WC. Anyhow, trade at your own risk.
Hedge play. Same owner Protasco and Nexgram like mother and son. If Protasco up Nexgram up. If Protasco up $0.90 to $1.50, Nexgram up $0.09 to $0.15. So Protasco up $2.90 Nexgram follow $0.29?
Right at the mark. Chartists reading. Those hope to get cheap this round will all miss the boat. $0.15-$0.16 is last hurdler to cross. Once the captain finish collecting will release the beast, catch the tail also cannot get. Not $0.18 Not $0.20 Not 0.30. Leave you dream of the TP you never going to get. Check out Inari, Myeg, Redtone, Iris for same strategy on chart reading.
This counter is for long term.. I bought .155 yesterday.. Regret din buy at .115 next generation is IT world.. So give nextgram big support & invest.. Maybe another GHL.. WiseEYe right ?
Chart wise looks like cannot clear. Unless miracle. Maybe because captain have not finish collecting. NG itself: look at the last 2 years chart, this time is very different. Captain keep buying I think maybe using FUND MANAGER MONEY, buy like no tomorrow maybe almost all lazy speculators shares finish buying by now. If compare to NG parent company Protasco, it looks like building base to match Protasco $0.90 > $2.00, NG $0.09 > $0.20. But if compare to others like Inari, Myeg, Redtone, Iris, Asiapac, it looks like building base before super bull, the new level all old investors have not seen. Either path, the chart signal ticking very noisy. It may takes weeks or happen before we know. Ask the captain: Whats up captain? ..... no answer. So just enjoy your cruse, why ask so much?
Bonus issue of up to 617,384,147 new ordinary shares of RM0.10 each in Nexgram Holdings Berhad (“Nexgram”) (“Nexgram Shares”) (“Bonus Shares”), to be credited as fully paid-up, on the basis of one (1) Bonus Share for every three (3) Nexgram Shares held as at 5.00 p.m. on 23 April 2014 (“Entitlement Date”) (“Bonus Issue”). Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Bonus Issue" ] as from : [ 21 April 2014 ]
2) The last date of lodgement : [ 23 April 2014 ]
3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-
a) Selling Broker to deduct [ 1/4 ] , of the Selling Price against the Selling Client.
b) Buying Broker to deduct [ 25% ] of the Purchase Price against the Buying Client.
c) Between Broker and Broker, the deduction of [ 1/4 ] of the Transacted Price is applicable.
Remarks 1) :- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 24 April 2014 with bonus issue of NEXGRAM shares of RM0.10 each, any shareholder who is entitled to receive NEXGRAM bonus issue shares, may sell any or all of his NEXGRAM shares arising from the bonus issue beginning the Ex-Date (21 April 2014).
For example, if Mr X purchases 300 NEXGRAM shares on cum basis on 18 April 2014, Mr X should receive 300 shares on 23 April 2014. As a result of the bonus issue, a total of 400 NEXGRAM shares will be credited into Mr X's CDS account on the night of 23 April 2014 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 400 on or after the Ex-Date ie from 21 April 2014 onwards."
Remarks 2) :- The Bonus Issue will entail the issuance of up to 617,384,147 Bonus Shares to be credited as fully paid-up, on the basis of one (1) Bonus Share for every three (3) Nexgram Shares held by the entitled shareholders whose names appear in the Record of Depositors of Nexgram at 5.00 p.m. on the Entitlement Date (“Entitled Shareholders”). The actual number of Bonus Shares to be issued will depend on the issued and paid-up share capital of Nexgram on the Entitlement Date, taking into account any exercise of the following existing warrants of Nexgram:
(i) Warrants 2012/2022 (“Warrants A”);
(ii) Warrants 2013/2023 (“Warrants B”); and
(iii) Warrants 2014/2024 (“Warrants C”),
(collectively referred to as the “Existing Warrants”).
Holders of the Existing Warrants (“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 Existing Warrants and the exercise price for such Existing Warrants 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 A dated 9 May 2012 and a supplemental deed poll dated 23 May 2013, the deed poll governing the Warrants B dated 22 July 2013 and the deed poll governing the Warrants C dated 4 October 2013 (collectively referred to as the “Deed Polls”) (“Adjustments”). Warrantholders whose names appear in the Record of Depositors for the Existing Warrants 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 arising from the Adjustments.
Pursuant to the Adjustments, the holders of the Warrants A, Warrants B and Warrants C will be entitled to one (1) additional Warrant A, Warrant B or Warrant C, respectively, for every three (3) Existing Warrants held. The existing exercise price of the Warrants B of RM0.35 each will be adjusted accordingly to RM0.26 each (including additional Warrants B). The existing exercise price of the Warrants C of RM0.11 each will be adjusted accordingly to RM0.10 each (including additional Warrants C). No adjustments will be made to the existing exercise price of the Warrants A of RM0.10 each in accordance with the provisions in the Deed Polls.
As a result of the Adjustments, up to 83,853,000 additional Warrants A with the exercise price of RM0.10, up to 40,000,000 additio
TuaHuat, you're allowed to trade your bonus shares on 24/04/2014 not 21/04/2014 due to the bonus mother shares & additional warrants will be listed on 24/04/2014.
23 Apr 2014 will be the date to put in your calendar. It'll be as interesting as watching your favourite movie.
HIigh chances for punters and contra players to jump in and speculate the stock. This being said, I will still be holding after the bonus issue and will not sell until Nexgram reveals some big plans.
Currently the WC is outperformed the WA due to its free float warrant in open market is lesser and almost 80% WC was controlled by substantial shareholders.
If you compare both warrant's current closing price & exercise price, you will know WA is worthier than WC. I think WA will be pushing up to at least 10 cents from 8.5 cents by next week in order to narrow the price gap between them.
Besides mother shares, the BP is accumulating WA at 8 - 8.5 cents as well prior to pushing it up to more than 10 cents before ex-date. 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....
choo
448 posts
Posted by choo > 2014-04-09 22:25 | Report Abuse
If up to 0.300 thn wb can survive liao