cykoay, rights issues and free warrants won't help you recover your cost. And honestly, how would you arrive to that conclusion?
What will make you recover is the plans in placed to acquire a new company, or winning contracts. That may take some time up to several months or towards the year end. If you are not able to wait, it's time to cut loss and get out.
So its time again to ask if you're a trader or a long-term investor? If you're a trader, you should be moving your funds out now to take advantage of other companies, as you can see other companies are moving up higher now, as i would say the global economy is getting better.
if you're a long-term i can assure you, that u can get back your capital and perhaps make a huge loads of profits out of this potential company. it's just whether you're willing to wait or not, or you would prefer to switch the funds to "hotter" counters.
sendiri jual sendiri beli, skrg sendiri beli sendiri jual.....the only objective is to maintain the price at 170-175 for right issue price determination. "Well done" & hopeless....insiders play ground.
nch1388, if u look at the utilisation of proceeds, they plan to use the money to reduce debts and allocate RM30 million on acquisition for viable business. For that reason, i must say this counter has its potential based on past history and therefore i strongly recommend to hold. Sobri seems very committed to bring the company to the next level by giving irrevocable promise to fully subscribe the rights issues. They have also tendered out many government contracts in which they have 50% win rate. We just need to sit and wait for announcements for tenders being awarded.
Hence, once this company is identified as a potential stock, it will move up higher and higher like GHLSYS, OCK, where movements are very sudden and unpredictable. By this way, one is able to make lots of money in a short period of time, because the counter will surge in a few days. However, you must be able to hold until that time comes (long-term investment).
Ng MC Angie, sorry if i got overreacted, just saying this company is not hopeless and everyone must not put a death sentence on the counter just because its lying dormant for a few months. Imagine if you hold this company since last year, u gained 41%. That is quite a good return and achievement. It is even higher if u sold it at 0.20, and if u include the calculation of free warrants.
But this company is still extremely young and energetic, from what we see from the management. They are constantly seeking for acquisitions which are able to synergize their business. ICT is beginning to jump back into the scene as one of the hot counters, from what i observe. No longer they are dominated by O&G, property stocks, plantation stocks.
May need to wait longer than tat. EGM on 29 April to pass the latest rights issue. After that sure got long waiting time to subscribe. My worry in for WA, it was end up being worthless. Should we sell WA and cut loss?
For warrants, i observed from the past few days, WB is moving upwards. Try to hold and see if you're able to sell for 0.09 to 0.095. That price would be good.
For the mother share, keep with comfort, as there is no reason to panic to sell-off.
WA is quite difficult to move, but unless EAH is going to surge drastically, WA will not move much.
Then again, WA will have less value when WC is out, so I suggest to sell WA to lock in some profits, unless you're a very long-term player where u can wait EAH mothershare to rise substantially in future, hopefully by next year at least as the expiry date for WA is nearing soon. But right now, WA is trading at a strong support sideways.
There is nothing much can be done now for WA since it'll nearing expiry in one to two years, and its deeply out of the money.
With rights issue approved= extra funds come soon, if there is acquisition which can announce now and pay later , price have good chance to advance. That's why i top up 50k units at 17cts. Could get 16.5c.
MIDF Research report on EAH Holdings Berhad - Explosive growth
Salient points mentioned in research - Forbes Asia's 200 Best Under A Billion 2011 and 2012, undervalue market capitalisation, sustainable growth as Company has strong GLC clients base, solid order book of RM103.6m.
TARGET PRICE - 26c
See original MIDF report or coverage in sinchew.com.my
klse007, don't be so naive everyone here will listen to you. please put some sense in your writing instead of giving everyone non-factual and shallow statements.
Everyone sure gets excited after MIDF report was out, mainly for the fact that the price is cheap, valuation is attactive and future growth is bright. This is everyone's dream counter, especially for long-term investors seeking for huge growth in small companies, like this one.
Cykoay, read my posts n you will know what I'm owning at the moment based on forums I actively participate. I will be taking full rights issues and increase my holdings by double. ayamtua, if u know me, I pick stocks based on long term growth and I'm an investor wiling to wait for the time to come after deep studying of the company. I'm not sure if u can play the waiting game with me, as what I did for ghlsys, and I'm still holding it. For eah, u may need some respectable amount of patience, unlike symphony or dsonic.
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....
cykoay
50 posts
Posted by cykoay > 2014-04-08 19:08 | Report Abuse
Only hope that right issue and free warrants given will help me to cover my cost now