In principle and in academic use, an arbitrage is risk-free; in common use, as in statistical arbitrage, it may refer to expected profit, though losses may occur, and in practice, there are always risks in arbitrage, some minor (such as fluctuation of prices decreasing profit margins), some major (such as devaluation of a currency or derivative). In academic use, an arbitrage involves taking advantage of differences in price of a single asset or identical cash-flows; in common use, it is also used to refer to differences between similar assets (relative value or convergence trades), as in merger arbitrage.
This is to re-affirm my last comments on 16 June and there has been no red flags to indicate a change to my buying position at current levels.
June 16, 2015 01:30 PM | Report Abuse
Spot on. The new shareholders credibility and business transformation will awe everyone moving forward. Oversold and cheap at current levels once more revelation of the new shareholders come out. This is a financial technology stock that will continue to out perform the index.
Once clarity on the new shareholders are out very soon I do not expect any shares overhang whatsoever from the placement shares and or warrant conversion. Kindly note I do not hang around forums all day to answer your queries or sarcasm.
You are free to buy or sell on your own risk and no malice intended. Once the new shareholders are known I trust you will know the truth. I am not a short term sentiment or technical trader merely a keen regional investor in stocks like Mpay and GHL in Malaysia. These Grexit induced market gyrations are perfect for investors like me to accumulate as Mpay will continue to outperform the index as before. The worse is over.
And well said. you are not paid by anyone to answer queries. Yet you are here to provide us valuable information when appropriate. And your information is very accurate!
Madiba.... you damn good to have preempted us for so long!!! I feel more confident now with these names... Super ripe for takeover!
Silverlake Axis Ltd. operates as an investment holding company, which provides digital economy software solutions and services to the banking, insurance, payment, retail and logistics industries. The company operates through six business segments: Software Licensing, Rendering of Software Project Services, Maintenance & Enhancement Services, Sale of Software & Hardware Products, Credit Card Processing Services and Insurance Processing Services. Silverlake Axis was founded on July 29, 2002 and is headquartered in Singapore.
Asia's 200 Best Under A Billion and Market cap of $2B! Surely they are not just coming in for fun.
Wow, if all warrants exercised n placement shares completed, there will huge dilution of shares. How to go up? Gonna take few years to built up business. Buy for long term
Mpay placement attracts Yvonne Chia, Kuan Friday, 3 July 2015 THE STAR PETALING JAYA: The private placement exercise by ManagePay Systems Bhd (Mpay) has attracted investors such as former Hong Leong Financial Group Bhd CEO Datuk Yvonne Chia and Fajarbaru Builder Group Bhd chairman Tan Sri Kuan Peng Ching @ Kuan Peng Soon. The placement entails an issuance of up to 175.71 million shares, which represents 30% of its existing issued and paid-up share capital to third party investors at an issue price of 23 sen. In a filing with Bursa Malaysia yesterday, Mpay said that about 120.82 million shares has been subscribed by independent third party for RM27.8mil. It said Chia has will subscribe for 20 million shares for RM4.6mil, while Kuan will subscribe for five million shares for RM1.15mil. Other investors include ConnectIoT Sdn Bhd will subscribe the biggest stake in the placement at 13.8 million shares. Followed by RedGiant Analytics Asia Sdn Bhd 26.47 million shares, Andrew Chia Wei Jun 12 million shares, Chu Hong Keong eight million shares, Chin Chee Thoy 20 million shares and Soon Kian Heng 15.55 million shares. The proposed private placement is conditional upon the approval from its shareholders upcoming extraordinary general meeting scheduled on July 14, 2015. Mpay had said that the bulk of the proceeds raised will be used to develop its electronic money (e-money) project via online wallet and prepaid card. It said that assuming all 182.98 million warrants are exercised prior to the implementation of the proposed private placement, the maximum number of placement shares to be issued is 175.71 million. As at yesterday, Mpay’s issued and paid-up share capital stood at RM40.5mil comprising 405.42 million shares. Shares in Mpay closed 1.79% higher to 28.5 sen yesterday with1.8 million shares traded.
Thx Madiba for the precious information. Der RanjAu, u still can fly if u buy the warrant now which is RM0.075, then convert to mother share add RM0.200 become RM0.275, which is RM0.03 cheaper than current mother share price RM0.305! :)
WAKAKAKAKAKA senang saja buat duit untung hari ini selepas kutipan 3 hari lalu yay! dunjeolousme saya trader terbaik keluar masuk keluar masuk hehehehe.........
Jul 2, 2015 05:43 PM | Report Abuse
shiok lah beli ini tiga hari wakakaka tak payah kejar kaunter! Tunggu diam diam orang jual pada saya muahahaha! dunjeolousme.
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....
kelvinfixx
1,246 posts
Posted by kelvinfixx > 2015-06-30 23:37 | Report Abuse
I look at the company fundamental, I have nothing to say.