You bought warrants at 40-40.5 sen and sell all at 41 sen. How you make money????? Are you newbie !!??, intraday brokerage only 0.38%, and if above 100k, intraday brokerage only 0.25%, do your math properly lar, don asking silly question, ok!!
Intraday brokerage 0.38% + other cost = total cost per share 0.43 sen Intraday brokerage 0.25% (above 100k) + other cost = total cost per share 0.285 sen
Therefore, 40-40.5 sen (average 40.38sen) and sell all at 41 sen, realize at least 0.19sen/share or 0.335sen/share (100k)
OLH primary target now is PJD, trying hard to increase further stake in PJD before the official take offer to minority shareholder. It need to break 50% threshold, so that PJD financial result can consolidate in OSK
OLH is doing what is right for OSK by caping PJD at 1.55, enabling it accumulating and creating OSK shareholder value. But time is needed, once take over is complete and control PJD above 50%, OSK will start jumping
Could it be the conversion of PJD-WC to mother share? very illogical again......conversion need RM 1.00 + 58.5sen (market price) = RM 1.58, sell to OLH at RM 1.54-1.55 !!!?? of course NOT, warrant holder just need to keep their stake and accept OSK offer at 60sen
Same illogical, OLH convert his PJD-WC to mother share and sell to OSK in open market !!??,You mean, OLH still need to pay RM 1 to PJD and must wait 2-3 week, get new PJD share and sell back open market to OSK at 1.54-1.55 !!?? So far, no bursa announcement on new PJD share listing from warrant conversion and it should troublesome and meaningless for OLH to do so.
Instead he would just need to accept take over price cash at 60sen later which or opt to keep its warrant as once take offer is complete, and PJD remain listing (assume OSK control 50% of PJD) is expect to surge and OLH warrant will worth much more than 60sen
The ideal condition is for OLH through 55% stake in OSK to control 50% PJD, control >75% OSKP, and OLH still retain direct control stake in PJD warrant and OSKP warrant. Once everything is complete, OLH will be KEY beneficial in OSK, OSKP warrant and PJD warrant.
OLH control about same stake in PJD and PJD-warrant. It also control about same stake in both OSK and OSKp-warrant. OLH only opt to swap his stake in PJD and OSKP to OSK, raising its effective in osk to 55% as both warrant only have cash option but NOT have share swap option.
Therefore, OLH either opt sell back his stake in PJD warrant and OSKp warrant to OSK for cash 60sen and RM1.00 or opt to keep if both still remain listed. OLH can leverage on warrant surge if both PJD and OSKP trade upward after take over offer lapse.
It so happen, my target OSK-WC at 38.5sen = RCE capital at 38.5sen !!?? but RCE capital just declare massive dividend 1.2sen + special dividend 10.5sen....total of 12sen, more than 30% yeild is too hard to ignore, so opt for RCE first, later back to OSK-WC, ok.
yes, more worst is coming..i believe is due to the instability of ah jib's seat... hehe.. hold tight and keep sailing, put more oil on 1.70 to sail further
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hng33
20,157 posts
Posted by hng33 > 2015-08-06 09:40 | Report Abuse
Sold off all OSK-WC at 41sen