Local stocks also from time to time seen directors selling yet people chase. Lin Huozhi still own 44.62%. Free warrants should worth more than dividend omitted.
The news of the share disposal by chairman was announced before announcement of free warrant entitlement date was well planned to depress Msports share price in order to let the big player to accumulate more shares at cheaper price prior to goreng it up again.
According to rhb and bloomberg research,The technical outlook may turn neutral if the stock climbs back above the MYR0.22 level. A bullish bias may set inif the stock breaches the MYR0.235 resistance.
I agree with robertzz. I am traders of stocks so I don't behave like long term investor. If I make enough profit from warrant I will sell. If market turn good I will not be surprised warrant can go up to even 10sen which more than compensate for the missing dividend.
firehawk, according to Mercury(IB), WA should be listed end of Oct but looking at current market situation it could be delayed. Ex-date to entitle for free warrant should not be long from now.
the warrants will be listed anytime soon. based on the information,
ordinary warrants price is rm0.16 per unit (0.05 usd x 3.2) exercise price is rm0.18 per warrants Share price after exercise the warrants = rm0.34 per units
which means that !!!! now they are having 44 % discount for you to grab it !!!
whenever board of director approved which mean they already take the considerations and know what is the next move.. just wait for the next rocket !!! and prepare to take off soon !!!
Strong support at 18 sen. The syndicate is accumulating it at that price substantially. Don't panic sell if you are not a contra player! Strong rebound will be coming soon!!!
Danny, do you buy some more Msports shares to average down your price? For me, I already bought 100000 shares at 18 sen by last Friday. I will keep buying it if drop again. Now it's quite cheap and downside is limited.
Don't just average down your XDL share price only, must support Msports as well leh since you are a big fish. I think Msports will outperform XDL in short term as it's going to announce free warrant entitlement date soon.
SC and shareholders alrdy approved free warrant bonus, but haven't decide ex-date...and yet it's director have no confidence and is selling its own share. what kind of a company is this? PARIAH !!!
Bro.. After selling he still own 44%.. off course he need to sell some for big players.. if not imagine how much did he own after exercise the warrants? ? Patiently wait bro.. i myself also very eager to know when is the ex-date.. current market very volatile. . They just wait for right timing.. believe me.. they can't run away from the free warrants, it had been aprroved.. plus bursa securities approved it.. means we are in the safe side just the timing.. for yr advice, try to collect when the price is low.. will never regret.. i also did the same thing
for me.. not only this counter drop so much.. even the blue chips also the same... just bcz of stupid comment and all the people already non stop selling... kecutnya !!!
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 > 2014-10-03 13:42 | Report Abuse
as promised, where is the 20% of profit for dividend?