of course, rare opptunity cannot be miss especially alrdy have first round profit as backup, buy low, sell high, but if force to buy even high later, just aim for higher more again for second round.
based on lowest MRCB share price before ex RM 1.00, all still making loss currently based on 89sen and OR at 9sen. Thus, further downside risk is limited
If i remember correctly, MRCB share price was around RM 1.20, a day before the announcement of the date of entitlement and fixed right price at 79sen + award of contract at the same date.
Then, MRCB started to down down down by almost 20% to the lowest RM 1.00 before ex-date.
Therefore, current price already mostly price in with even widen discount.
Bursa no UMA kah, billions market cap wiped out since Mrcb price peaked at RM 1.8. Bursa you ada perut terima gaji kami?. Like 3 bank robberies under your watch.
Based on my calculation, those who bought at 1.06 before the ex-date will need the OR to be trading at 17 cents for them to breakeven at current 89 cents price unless they have decided to subscribe.
With current price of MRCB mothershare at 89 cent. OR subscription at 79 cent and currently priced at 9 cent. It is better for you to sell the mothershare and buy the OR and subscribe as u will get the mothershare at 88 cent + 1 free warrant for every 5 subscribed. Good Luck
MRCB trading below its NTA RM 1.37...so..anything below this figure is a good buy..it should appreciate to RM 0.95 and above...that should where MRCB should be traded
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....
ltw1123
629 posts
Posted by ltw1123 > 2017-10-05 11:13 | Report Abuse
If I sell my MRCB-OR now and buy it back before 10 Oct, am I entitled for RI at RM0.79?