my guess is probably need to convert the warrant to mother to avoid rugi from shares diluted. not sure is my understanding correct or not... any guru can help here?
Venomv, since the idea of 1 for 2 bonus for the mother share, if you r free dun mind how it to calculate for the warrant in this case. The warrant price is about 0.1 less compare to mother share but now it traded slightly more than 0.1
According to the Bonus announcement, the Warrant adjustment computation will be adviced later.
Normally with a Bonus Issue the Warrants will be adjusted with New free bonus Warrants and also the Exercise Price will be reduced accordingly. In this case, as Sunzen-Warrants EX-Price is also its Par Value of 10sen , it cannot be reduced below 10sen.
It'll be interesting to see how the advisers (TA) advice on the rights of the Warrant holders. In any case, the main shareholders and related parties hold more than 50% of the Warrants. This Sunzen Warrant is very tightly held. We just have to wait and see.
The daily, weekly and monthly indicators (like the CCI, DMI, MACD and Oscillator) have issued buy signals and now depict very firm indications of Sunzen’s eventual move towards much higher levels.
It would attract firm buying activities at the support levels of RM0.39, RM0.47 and RM0.59.
We expect Sunzen to witness some profit-taking at its resistance level and all-time high of RM0.60.
Its upside targets are RM0.65, RM0.98 and RM1.23 !!!
Thanks BursaMuahaha for the link ! Cheers and happy trading !
I keep watching this counter. Early morning is some profit taking guys. Then I guess contra player due. Staring 3pm, people selling a lot since they must sell before 4pm. At ~ 4pm, force selling causing -15% drop. In a quick instant, "someone" accumulate and it is back to -10% region in a short time. It might have hit the "cut loss" points for some other players, hence many sold their shares as well. It will rebound soon and the "banker" said thank you to all the panic sellers.
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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....
tradetowin2015
4 posts
Posted by tradetowin2015 > 2015-01-21 14:50 | Report Abuse
Haha... nasib i manage to enter another 100k this morning.. enjoy trading guys ~