i personally feel that it is troublesome to split the discussion of PJDEV-WC from PJDEV. The same factors drives the share price. They should all be discussed in same thread. Whose stupid idea it is to split ? : (
Posted by Ooi Teik Bee > Jan 24, 2014 03:04 PM | Report Abuse
In the past, when there is a GO, warrant holders are offered to the same terms as mother share. I do not remember or cannot remember there was such a case that the warrant is worthless.
Please note that you can convert the warrant to the mother share anytime should there be any GO. The offer is valid at least 3 months for the whole process to be completed. You have ample time to convert to mother share. In PJD-WC case, you only lose a premium of 6%.
I do not know of any warrant is worthless in any GO. Please enlighten me. Thank you.
mkt crash won't crash pjd-wc, mother share is tightly held by olh and family, won't be much selling and hence the low volume of mother, son will rise again in a day or two
i am very impressed by pjdev-wc's resilience. It seemed that somebody has insider knowledge is building up position ahead of good news. Maybe the coming quarter result is good
mother at 1.43, son at 0.565 => this means a premium of only 9%. if we estimate the premium at 15% (as wat sephiroth had posted earlier), the son shud now be 0.645 !!!
connie, not to pour cold water on you. Most of the time, when warrants are in the money, they dont trade at conversion premium any more. Most of the time, they trade at zero premium and in certain cases, they trade at slight discount. For example : berjaya food-wa, freight management-wa, hap seng-wa, hibiscus-wa, innari-wa, LBI-Wa, marco-wa, meda-wb, media-wb, osk ventures-wa (source : The Edge)
so please dont take it for granted that PJDEV-WC is undervalued as it should trade at higher premium
having said so, I feel that PJDEV-WC is undervalued as the mother share is undervalued. There is plenty of room for pjdev mother share price to go up, hence dragging WC along with it
First Quarter result accounts for 50% last year profit. This Q2 result will be fantastic in view of extra 400 million cash from disposal of land and building. Q2 result will be released on 26/2/2014. I hope the stock price will gap up on 26/2/2014. Let wait and see this gap up will happen or not. Thank you.
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Posted by w2sin > 2014-01-24 17:11 | Report Abuse
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