Jaks currebtly trade cum right + free warrant, will ex-entitlement in friday. Next week, jaks price will adjusted according to around 52-55 sen depending on last trading price in Friday. Shareholder exititng 5 stock will entitlement 8 jskd-OR x subscribe right 22sen each, average down your cost to around 13 x 48sen + 4 x free warrant
hahahha, now many people awaken these gem, jaks, as the worse impact on worry on right dilution have fully absorbed on the fact that
before right share 1. power plant net profit RM 200m will EPS = 30sen 2. share price trading before right is around RM 1.20 3. PE 10x will give target price RM 3.00, upside potential 150%
after right share 1. power plant net profit RM 200m will give EPS = 11.5sen 2. share price trading now around 5 share x 87sen, cum 8 right x 22sen = 47sen 3. PE 10x will give target price RM 1.15, upside potential 145%
Therefore, in conclusion, shareholder are enjoying similar potential gain upside before and after right by peg to same power plant earning, and same valuation PE 10x,
Based on fair value for jaks on enlarge share volume after right share and commencement of power Co's by these month, net profit RM 200m, EPS forward earning 11.5sen for next 25year, the target price is RM 1.15 and each free warrant with exercise price 49sen will have fair value in money at least 65sen worth if peg just 0 premium with 5 year lifespan
Big brother is controlling the upward momentum for a steady rise to 1.10 on Fri to yield an ex price of 0.555. Anything higher is a bonus. Must not rise sharply to prevent heavy profit taking.
Surprisingly, exiting jaks-WB remain strong!? even no entitle to any right + free warrant.....Jaks share price will adjusted to around current jaks-WB level next week, a strange scenario for jaks-wb price closed to underlying share price jaks next week.
Remark: Jaks-WB exiting excise pries 64sen will adjusted lower after right issue + potentital some additional free jaks-WB to compensate warrant holder according to sifu DK.
But, jaks-wb warrant holder still benefited if jaks share price recover back to RM 1.15 after right issuance, just that current jaks cum right + free warrant benefit the MOST.
now the price of warrant is attractively priced as a few fellows here hv spread false info probably to collect cheaper. Don't forget who hold the most warrants now.. Our Boss mah you think he will screw himself ? I have switch all my Shares to son warrant now. Guess I am also stupid.
Icwin and Henry ...you are absolutely right. The management (APL n Original Inv) alone holds nearly 45% of WB. If you include related parties they should hold at least 60% ! 2nd point, they paid 25cent for WB when it was issued. 3rd point ,if you do a simple simulation using the standard adjustment formula (also use by DK in his article on WB adjustment ), amazingly WB may even end up on top, esp at current spread. So knowledge of the truth can even the playing field...
You are still in the group. I can't add you again -------------- kelvin7478 DK, Please add me into chat group again, I don't see the link to the private chat group, thanks! 22/10/2020 9:23 AM
M'sia site seems to have problem. The " i3 Messenger" icon doesn't appear . Just change the country to "Singapore " , the i3 Messenger icon will appear and DK's private chat room can be accessed . Hope this helps .
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Posted by skycity6888 > 2020-10-20 23:30 | Report Abuse
DK sorry