That's mean if share prices of MY and HK still have a gap there. This substantial shareholder will continue buy in MEDIAC MY and disposing MEDIAC HK. As long as MEDIAC HK won't fall below HK$0.80, they should can make money.
Syndicates See today's announcement, buy here dispose there, already make well preparation to split share into bursa and hk account ah? 23/03/2018 20:08
Tan Sri Tiong Hiew King and other substantial shareholders should buy more MediaC from their arbitrage gain.
Ramada Just wait for more substantial shareholders convert and push up the Mediac MY price until share prices for MY & HK at the same level. 24/03/2018 08:29
Through share transfer from bursa to HK, it is one way direction, reducing share in bursa, increasing share in HK, supply and demand shifted to narrowing price gap
If the gap is still persist for such attractive gap, more and more minority shareholder will be following major shareholder path to accumulate weak bursa share and transfer to HK stronger share
I think more and more market investor are realize there is HUGE gap of arbitrary gain between HK and bursa and these is surther support by MediaC own major shareholder continue conversion to capitalize and realize double profit through conversion.
After the article is out today, more investors will be aware of the arbitrage opportunity available. The only risk is the time taken for the conversion of shares.
The counter has dropped to a recent low of 36.5 sen and rebounded today. Let's see if it has the buying momentum to push higher.
by the way, why mediac company itself takes no action to profit from this opportunity? company cannot buy back its own shares at klse and sell at hkse? i don't believe!
It is hard to us to convert Mediac MY to Mediac HK because we have no trading account there. But as long as there has a gap between Mediac MY and HK, substantial shareholders are willing buy more Mediac MY until share prices of both shares trading at same level. Now Mediac HK trading at HK$1.80, equal to RM0.90.
i am shareholder of mediac. if company don't take advantage of this golden arbitrage opportunity, i screw all the directors up especially the chairman at shareholders meeting.
One thing I'm sure, it has very limited downside but very very huge potential upside. It should be RM0.90 now, but now only RM0.415. Just wait for substantial shareholders to buy back patiently.
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....
Jun Lim Ng
3,036 posts
Posted by Jun Lim Ng > 2018-03-23 14:35 | Report Abuse
i am not a contra player...so i can wait till next wednesday...
but just worry the price stuck at there...