do not remember, the warrant exercise price is 18 cent, now mother peice 14.5cent, warrant is underwater when listed. The best way should from now push the mother price up to normal
2 straight days no announcement of Lin HuoZhi selling. So 34% is his final stake before listing of warrant? If he convert all his 17% warrant entitlement he will control 51% of Msports which is an increase from 45% before issuing of warrant.
Rich you are wrong you forgotten the extra 50% increased from the warrant conversation on the paid up capital His share + warrant converted later will be 51/150%
Francis Lee If everybody converts his share is still 34% Not everyone want to convert because need to have spare cash
Jay8 Makan orang Kalau local stock bagi free warrant tentu orang kejar contohnya Tek Seng, Fitters, CBIP, WZ Satu, dsb. Free warrant bukan tak boleh jual dan dapat wang macam terima dividen.
Even if u can buy warrant at 2 sen when listing, plus conversion 18 sen, total cost will be 20 sen. Mother share now only 14sen, will anyone buy? .... Unless u said .... I buy warrant for future one la .... And if it is, u are buying 42.8% higher than it's mother share.
other counter when give free warrant up up up, this counter really special, major shareholder continue dump mother shares, share price continue drop. PE ratio getting low, NAT already more than 2 times of its market value. Hardly understand and have confident to hold!!!
do not tell me they short the company share price and then buy it on low price to earn extra ordinary money later with release plenty of good news to attractive ppl chase for it.
assume that u bought 100 lots Msports @ 0.165 = Rm16,500 ( closing price ) on Friday in order for the entitlement of free warrant 1 for 2 ( 50 lots free warrant ) mother share now @0.130, so, if u sell mother share, your warrant is not free anymore, it cost u Rm3,500 for 50 lots warrant. and that's a heavvy of 0.07 sen a piece... and now we will see how much would be the warrant listing priced ...LoL...
Bursa should stop all new future China stock IPO to list in Malaysia. their totally don't take care the interest of their investors/ shareholders, make money & not willing to share their profits with nothing tangible return like dividend. and further collect more & more money via exercise the warrant. most of my pencen are gone to these China conman! shit...
I bought msports 200 lots @0.205 =Rm41,000. If sell now @0.130 mother share, My "free warrant" cost me Rm 15,000 for 100 lots. 15sen a piece, bloody so painfully.....
Who is selling Msports at 13 or 13.5sen today because Lin HuoZhi does not do so past 3 days Bursa announcement. Anyone dare to call Lin HuoZhi why he is selling before free warrant ex-date? BUSINESS ADDRESS No. 18, Yongjun Road Xibin Farm, Xibin Town Jinjiang City, Fujian Province, China Tel : +86 (595) 85082299 / 82058888 Fax : +86 (595) 85092030 e-mail : admin@baixingshoes.com
Stock: [MSPORTS]: MULTI SPORTS HOLDINGS LTD Oct 7, 2014 09:49 AM | Report Abuse Someone feel scared when director sell. As for me who buy more can get more free warrants.
don worry he just want to kill the margin player, for what i see the director is sold lefthand bought righthand, how can the new brand evidoma doing so well, can close immediately.
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....
Danny Siew
626 posts
Posted by Danny Siew > 2014-11-03 11:41 | Report Abuse
....if warrant hit @Rm0.10 sen, i'll be half a millionaire richer, LoL...