Director buy another 200 lots with an average price of 89sen. To make his total shares become 400 lots (400000 units). 100% increase or double up his shares in ancom. Later he can get 100 lots of free warrent. I think the free warrent should be the "lunch" he wanted. 85 sen still cheaper than the director top up price.
ancom will have conference briefing today at 6.00pm. Expect them to push up the price a bit to create feel good factor to their investor for the briefing. Or else, they have to answer a lot of question.
Once price fixing is announced, you will have 8 trading days to entitlement date. So my strategy is to buy now and wait for price fixing which will be very soon.
Because once price fixing announced, people would be rushing to buy last minute to get free warrants.
Based on briefing yesterday, the management estimate listing of the warrant will be mid september with theoretical price between .25-.28 rm each (based on current price).
Tq the TheSecret for your untiring efforts to keep us posted of the latest. Most of all i have to thank Mr. Calvin for his initial call to buy. His calls are so so sharp. Sharing his research to people like me who are small investor's and his buy calls will go a long way to assist me financially maybe many other people will also benefit. Tq Mr. Calvin
Benpg, the price was mentioned in a slide presented by the management. Im not sure how they get to the figure. Been told that the warrant price will be based on average 8 days price before entitlement day (i may be wrong on the accuracy of this info).
If the management intent to indirectly told us the share based on the warrant price at 25-28 cents, ancom price should be between rm1.00 to rm1.12 average during those days. I personally believe the price is at conservative level.
Maybe there's a reason it is half asleep. Why chase up the price before price fixing of warrants? The smart ones would quietly buy before price fix, no need to rush in with the others during countdown to entitlement date. My personal opinion.
If you refer to the circular distributed to shareholders on warrants, management has indicated a possible 5% discount on the exercise price.
Let's hope that they fix at the maximum 5% discount so that the warrants are already 'in the money' when issued. Then it will be very good news to existing holders of mother shares.
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Usually when people shout buy the loudest is when they are most desperate to sell. If not how all the gurus make money...hihihi