Hanna20: investing in the stock market is my hobby and my passion. I love to share my little knowledge on certain stocks which I have interest in with people around me. Hope it is helpful to those who read my postings. Being a " jobless" man, I am fulltime on share market investment and landscape photography.
Dont waste your time in Comfort. so big market cap . too heavy to move. check out Johan which will produce a decent amount of gloves. Potential to 10x from a low market cap..
BrusaCasino, life is all about living your day to the fullest and not to worry about tomorrow. Indulge in things which are interesting, exciting and motivating and you definitely live your life to the fullest.
When the mother share price hits RM3.00, my estimate is that WB price will be around RM1.00, an upside of abt 27 cents from 73 cents now or 37% Are you convinced that it will go that high.
For all my friends in selangor n KL pls stay home stay safe , going outside very easy infected by delta variant just like bird shit drops on your head or shoulder !
What we saw on the Comfort mother share and WB price movements is a clear example of the need to diversify your portfolio to spread out the risk you are taking in portfolio management. Many investors believe that the mother share price MUST move up first before the baby share ( WB). As we can see many were disappointed that WB has moved so much ( in % terms) but the mother price is still down there.
I am very sure many believe that the mother share is undervalued. And because the mother share price is undervalued, the premium on the WB appeared to be excessive and its price looked expensive. For this very reason, many were not willing to pick up WB at this price.
Comfort Gloves with its full order book and strong cash flow position, its undervalued share price will not stay at that low level for long. The market forces will definitely push up the price to a more reasonable level like minimum of RM3.00 to RM3.50. At this more reasonable level, the current WB price of 71 cents is still a " steal".
For those who could see the picture from this angle would have happily mopped up the WB when it was trading at 40 to 60 cents.
Many in this chat room feel that the fair value of the mother share is RM5 to RM6. If you strongly believe that then 71 cents is a rare bargain.
With mother and WB in your basket, you would have diversified your portfolio and you can comfortably sit back and sip your coffee and let the market decide which one to move up first; the mother or the WB, knowing very well that both prices will have to move up. Its only a question of when.
Have a pleasant weekend and let us meet up again at 9.00am sharp on Monday.
New warrant was listed on 6/7 at 30.5 sen. Yesterday(23/7), it closed at 71 sen. This represents a whopping 133% increase. But if we look at the mother share. It just rose from RM 1.94(closing price) on 6/7 to RM 2.09(closing price) on 23/7, a mere increase of 7.7%.
What a clear mismatch! I can see big, fat frogs jumping on the street for people to catch. But beware, catch at your own risks.
Ahahah - Better stay away from this speculative warrant game. If you really see value in Comfort, you should invest in the mother share instead! ------------------------------------------------------------------------------- Ahahah I just can’t understand why WB can move up so much as compared to mother shares.
HANOI: Vietnam's health ministry reported 7,968 new COVID-19 infections on Saturday (Jul 24), a second record daily increase in a row after the 7,307 cases reported on Friday.
More than two-thirds of the cases are in Ho Chi Minh City, the ministry said in a statement.
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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....
Dannyfyl88
1,215 posts
Posted by Dannyfyl88 > 2021-07-22 09:36 | Report Abuse
Got dividend...will buy again