based on my count..it will test 1.32-1.34 soon...this is from the short term chart.It will move into the next higher trading range 1.32-1.49 if it closes abv 1.32 from now.
Stage 2 of market cycle which is very bullish. Uptrend is still intact. Immediate support at $1.17 and strong support at $1.13. Cut loss if $1.13 is violated. Next resistance is $1.28. A break above 1.28 may further test $1.35/$1.39. However, Price/RSI and Price/Volume may find bearish divergence since 23/05. You may want to be cautious about it.
brendonyeap, hi, need some guidance. Amprop multiples proposals submitted to authorities for approval, and what should we expect? IF I am the holder of 2000 mother shares? Can you pls advise, thanks very much.
Amprop : RCPS of 1 for every 2 Amprop shares held at an issue price of 50sen each. This stock will be given to u at no cost ( but will be deducted 25sen from mother price). Scheduled to be completed at Q3 2014. This preference shares is valid 5 years and u can either opt to sell it or convert to mother at ratio 1:2. There will be yearly interest payment ( i think abt 3%) annually for each of preference shares held.
thanks for the writeup. When the RCPS are issued foc to us, this means the mother share price will drop by 25 sens? Further, once the RCPS are credited to my share account, I can sell at market price or only at issue price 50sen each? tks
first rule : there is no such thing as free items in this world! Even for Menang wb, the mother share has to be deducted 11sen down the next day ( free warrants 1:2, the mother adjusted from 1.30 -> 1.19 on July 4th). So this applies, theoretically to Amprop too.
Once u have the RCPS, u can trade in the open market and the share price be listed as Amprop -PA. It can head north or south from 50sen.
U have to read the Bursa website, there are many other explanations per regarding the preference shares eg the conversion price at a certain duration and other stuffs.
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....
brendonyeap
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Posted by brendonyeap > 2014-07-11 09:53 | Report Abuse
Thanks sephiroth for the update.... We have bought enough at 1.20 thus pushing the price up. TQ