FYI, News on March 19th: "Coastal Contracts Bhd is looking at three strategic thrusts to expand its revenue stream: provision of floating storage, and offloading (FSO) services, fabrication and merger and acquisition activities. Its current core business, the anchor handling tug (AHT) and anchor handling tug supply (AHTS) segments are currently congested. "We are still getting deals but the bargaining power has come down. We don't want to wait for these segments to get saturated before we explore other opportunities," says its executive chairman Ng Chin Heng. (The Edge)"
share market issued too much of call warant, since last year, nowadays all issuer were mostly monitor d pricing updown updown, not accordingly to d fair value of d counter, v investor should be patience, while pricing below fairvalue just go in and hold, not seemly go in whithout better knowledge.
If company plan to buy back shares , surely is no interest for the Board to drive price up ? So public should continue to buy now to drive it up and after all it is undervalued and confident the Board will continue to buy of us between 2.50 to 2.75 ish !!!
After Coastal,call warrants expired, price went up. Genting Malaysia also like that, price depressed like anything, but after expiry on 30/4, price went up higher.
So watch out for BIMB-cb, merchant bank will depress price till maturity on 18/5, then maybe BIMB price will shoot up like Takaful!!
Still has potential to go higher, maybe till 2.50 as this is a good fundamental share in Oil and Gas and potential in Merger and Acquisition target, like Kenanga taking over ECm !!
Yes, brother investor77 , it's always like that by the warrants issuing house or bank....they use all their resources to suppress the mother price from going up...once done, the sons will expire & RIP....thta done, it MISSION ACCOMPLISHED.
Then they relax a bit & wait until the next warrant is due & the process repeats itself.
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....
dragoneator
14 posts
Posted by dragoneator > 2012-03-16 16:40 | Report Abuse
Coastal is interestingly quiet for past 2 weeks... It is asleep now