Or is it they already have the plan to push the ordinary share up to above RM2.60 or it will naturally move up to above RM2.60 within 5 years from now?
We can’t predict future, we don’t even know what is going to happen tomorrow so we don’t have to think about 5 years later. Let’s just wait tomorrow and we will know how people treat (buy/sell) this warrant
Company issued warrant is to generate fund for future company capex. If the mother price still at this level @1.9 +-, warrant not attractive at all, hence I believe the management will try to push up the price at least 2.60 for the warrant to be attractive. If not what’s the company issue this warrant.
At this point the safer bet is to buy the mother share which is starting to move.The WB has jumped too much. I strongly believe the mother will hit RM2.30 to RM2.50 anytime now.
They have to push the mother share higher than RM2.30 or else no one wants to convert the WB to mother share then Comfort cannot raise RM400 million from the warrant issue exercise. You think they want to forgo the RM400 million? The choice is obvious, right? Its common sense.
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Posted by Start_0f_the_bull > 2021-07-06 22:19 | Report Abuse
Or is it they already have the plan to push the ordinary share up to above RM2.60 or it will naturally move up to above RM2.60 within 5 years from now?