The exercise price Is RM2.10 ~~ Far away to convert to mother shares... The mother shares current Price = RM1.52 The -WA should be value = (-RM0.58) I sold -WA and Buy again Mother Shares ~~ HappY Trading Guys !! :D
Hi, I'm new to this forum but i know MBSB biz well. This counter is strictly for short term play only. No good to hold long bcoz BNM new guidance for personal lending is restrictive to grow loan base.
KUALA LUMPUR: Affin Research has maintained its Buy call on Malaysian Resources Corporation Bhd (MRCB) with a target price of RM2.37 as its share price continues to trade significantly lower than RM2.37.
On Friday, Affin said MRCB announced that unit, Gelanggang Harapan Construction had on Oct 1 bagged a contract worth RM80.8mil from GCH Retail Malaysia to construct Giant Hypermarkets in Setapak, Kuala Lumpur and Kampar, Perak.
“ The award is positive and will further add to its order book, which has been raised to RM3bil following the completion of the acquisition of Gapurna Land, an OKR project with a gross development value (GDV) of RM2.45bil and Gapurna Builders, a Subang project with a GDV of RM377mil, and with the acquisition of a 70% stake in PJ Sentral, which is still unresolved,” it said.
It added another positive development is that the contract was secured by Gelanggang Harapan Construction, which was recently acquired.
Do not blame this counter for bad performance. Almost all counters in Bursa drop becos of US government shut down. This is a strong company with lots of potentials. Hope next week will go up....
Remember last month or 2month b4 when majority counters performed,dis counter sleep and sleep and sleep and still sleep..slowpoke counter..too many uncertainty bout this counter..better avoid..
foreign funds are throwing due to their Trust Deed of their funds does not allow them to hold derivatives instrument like warrant, so it is good opportunity for us to buy now with gearing of about 6.5, we have at least 90% wining chance if we enter at this level
with my calculation, the throwing is almost near completion, we just wait and see from tomorrow onwards.
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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....
chandru2908
12 posts
Posted by chandru2908 > 2013-09-20 13:27 | Report Abuse
how does the warrant work. is this put or call warrant