Bonus mother share dilutes EPS and price will be adjusted after exercise, but given Trive is a penny stock, the adjusted price should be nothing to worry about, meaning it will go back to its pre-adjusted price easily. And since this is a pure speculative stock, EPS means nothing haha..
The bigger worry is Macquarie subscription share at 10% discounted price of the last 5-days average, and at any time they want. Take current Eversendai as example, the price has been dropping since Macquarie started the subscription.
If I am Macquarie, this kind of private placement/subscription is a no brainer thing. Inject money into as many companies as possible, reap the 10% guaranteed return by selling to market. Like a quantity over quality kind of sales deal. One wonder if Macquarie sees Trive as another quantity-over-quality sales deal because you can say Trive is a crook company based on its directors-link and past performances..
However, if look at the bright side, is the current list of shareholders and its future turnaround/growth prospect..
If you buy wb @ 0.04, your cost will be 0.14 after conversion. Unless the mother share falls from 0.17 to less than 0.14 in 2 weeks, you will not lose money. Falling 3 sen is a high percentage of the share price and I think it is not likely at the moment in view of the bonus issue. If after conversion, the mother is 0.16, you make 2 sen which is about 14% profit! Just my 2 cents worth.
The warrant will expired at year 2020. It's very long time ahead. If you have holding power just hold it. Wait until it's bullish or going up as your target.. Are we can convert the warrant to the mother share on this month??
I think the company will keep the price of wb low and attract conversion so that they get cash. Maybe this is reason why the price of wb is low and not moving.
rosetan.. Its weird because if I convert to mother share today, I already make 2 cents profit & its quite a lot to me. Are Trive too nice & kind to the shareholder??? He.. He..
I think the mother share price will be stable at least if not uptrend in view of the bonus issue. I am converting some WB. Not a suggestion for others to follow.
The bonus issue will take some time to materialise. In the company announcement, it was stated that "the board expects the Proposed Bonus Issue to be completed by the 4th quarter of 2017."
OTHERS TRIVE PROPERTY GROUP BERHAD (TRIVE or the Company) - PURCHASE OF A NEW WHOLLY-OWNED SUBSIDIARY
TRIVE PROPERTY GROUP BERHAD
Type Announcement Subject OTHERS Description TRIVE PROPERTY GROUP BERHAD (TRIVE or the Company) - PURCHASE OF A NEW WHOLLY-OWNED SUBSIDIARY Pursuant to paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of TRIVE wishes to inform that the Company had on 05 October 2017 acquired a new company namely Daima Fujing New Energy Technology Sdn. Bhd. (“Daima Fujing”) for a total cash consideration of RM10.00 only. Following this transaction, Daima Fujing became a wholly-owned subsidiary of TRIVE.
Daima Fujing is currently dormant and will be principally involved in research and development, assembly, production, distribute and marketing of photovoltaic products such as solar cells, solar panels or solar modules including solar systems in design and storage of solar power.
The transaction will not have any effect on the Group’s earnings, net assets, gearings, share capital and substantial shareholdings structure for the financial year ending 31 January 2018.
None of the directors and/or major shareholders of the Company and/or persons connected with them have any interest, either direct and/or indirect in the said transaction.
This announcement is dated 05 October 2017.
Announcement Info Company Name TRIVE PROPERTY GROUP BERHAD Stock Name TRIVE Date Announced 05 Oct 2017 Category General Announcement for PLC Reference Number GA1-05102017-00067
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....
Ring
6,522 posts
Posted by Ring > 2017-09-30 14:23 | Report Abuse
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