Patient ..be patient.. Still waiting the warrants Ours is the most powerful. There are lots f contra players cut loss @$0.18,if they are following short term of TA
I always asked my surrounding friends to buy & keep frontkn. Myeg is 2.85 with 11mil net profit in Q4 2014. Meanwhile, frontkn is 0.175 with 7mil net profit. Not logical for the price of frontkn
Dilution to NTA, EPS, higher PE. If the company dont need extra cash and would like to maintain its NTA, EPS, etc, then it make sense to prevent public to convert
Upon expiry, if no one convert the warrant, all the warrant become toilet paper. If ppl convert to ordinary share, then total share issue of the parent share will increase which will cause dilution
@mhchai: Dilution to NTA, EPS, higher PE. If the company dont need extra cash and would like to maintain its NTA, EPS, etc, then it make sense to prevent public to convert
than on first hand company why wants to issue warrants share if that is the case
The coming week from Wednesday 11 March will be very exciting for this counter. Why ? Just when the warrant is about to expire on 10 March, the Company jumps in to buy at 17.5 sen. This is a hint that the price will not go further down below 17.5 sen. Then on Friday last it closed high at 18 sen. They are telling you - dont bother to exercise and less shares in the market the better. As at 31 December 2014, there were still 288,973,760 outstanding warrants. It is good that these are not exercised as would otherwise dilute the overall share base. This is March and soon will conclude the March quarter results which we will expect consistently another excellent Quarter ! I opine next week, volume will stay high and the price will aim for 20 sen and above afer 11 March 2015. hose who collect at 18 sen will make at least 11 % within a short term.
Frontken share price may drop back to below 17 cents rather than above 20 cents if Dow Jones index continue tumbles from last Friday onwards which will hit local market sentiment very bad... Be cautious...
The bankers are waiting for those T4 selling,the biggest vol on last tue. I think dun have retails dare to convert,who dare ....you can buy in the open market @0.18. The bankers are the one who who dare to submit on the last day of convert.
O&G all eating shits right now ...the msia govt is feeling the impact. Strong USD make ringgit even weaken..gooo for those export oriented and heavy investment in the overseas market.
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....
quahsb
591 posts
Posted by quahsb > 2015-03-04 13:28 | Report Abuse
taking profit a bit