the company fundamental is no problem as I see. if need money it sure will call for right issue, the last right issue was in 2011 December, and it was 38 sen !
Like hamitouzhi said Msports warrant should worth more than XDL WB(4.5sen) whose exercise price is 35sen and expire earlier. If warrant below 4.5sen we should buy more instead of selling.
The price Msports is trading now indicate people are expecting poor result due to Lin Huozhi selling. Even Kstar continued loss as reported today only cheaper by 1.5sen. Msports has never reported yearly loss since listing.
I do not mind if Msports keep rewarding shareholders with free warrants say every 2 years if they cannot give us dividend then I can become long term shareholder. There are many local stocks which reward their shareholder through free warrants instead of dividend.
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....
hamitouzhi
517 posts
Posted by hamitouzhi > 2014-11-13 15:20 | Report Abuse
plus time value & intrinsic value, atleast 5c - 8c
http://www.incademy.com/courses/Traditional-corporate-equity-warrants/Analysis---time-value-and-premium/10/1068/10002