One of the few companies that pays dividends FOUR times a year, besides PetDag, BAT and a handful of others.Just received the annual report yesterday as the price was surging... Anyone attending the AGM in Johor?
the only big player is RHB buying and selling back to them self to print some money on the warrant before expiry. Warrant exercise price .60 and ratio 1.1 you can guess what will happen to the price soon...
In or out of $ not important now. Important is what is the exercise price, ratio And expiry date. For cx rhb must press price down at or below .60 in next few wks To avoid any payment to cx holders. The other warrants even worst , exercise price .53 and .55. You can see where the price will be going...
Wrong domp. If current mother price is Maintained at current level of .64 and cx expire at this price. It means warrant issuer must pay .04 sen for every 1 warrant sold. Why would they do that when they can press price down to under .60 and pay nothing to cx holders. 99.99% of warrant expire at a loss to the holder and warrant issuer payout ZERO.
Bulk of shares in the hands of a HK-based company & foreign funds are in a buying mode for dividend-paying stocks in the tech sector, from what I can see. We'll see what happens on Monday :D
Warrant issuers always use third party, sometimes offshore unrelated entities to execute buy and sell on their behalf so it is not obvious to market. How do I know this? I use to work in the derivatives dept of a bank. Often several offshore entities are employed to buy and sell the stock at the same time like a cycle to push the price up or press it down. On the shareholder spread it looks like many different fund holding the stock when in fact it mostly owned/borrowed by the warrant issuers through 3rd parties.
No shark will dare take on the 3 big bank who issue the warrants ( maybank, RHB and kenanga). The warrants are always issued in concert with other banks to maximize control of the price.
Y must it be just this ONE scenario??? Couldn't it be that they themselves accumulated a lot of the CX from 0.5c to 1c( I'm sure not many ppl dared to buy at that time with just 3 mths to expiry) and now goreng up to earn much more $$$ than they need to pay to the few ppl who were smart enough to buy below 5c like them? Then, they would be cheerleaders to see the stock rise to 70c!
Domp the warrant issuer doesn't need to accumulate their own cx because it's theirs to list to sell in the first place. Cost them nothing other then listing costs. The huge warrant volumes you see each day is mainly them selling with left hand and buying back with right hand to inflate the price just like mother. do you think they prefer to distribute the warrant to the market at half a sen or six sen?
I don't think many ppl apart from the bankster's own buy & sell teams hold the CX at prices from 0.005 to 4c because of fear of holding stocks during that period in late Dec, so I don't think they will have to pay out to that many ppl even if the shares rise to 70c.
But just in case you are right, I sold 5,000 @ 64.5 just now as an insurance policy because my cost is quite high @ 62.95c average. The rest will collect dividends for me...
below rm0.50 in early Jan, above RM0.60 in Jan end, lingering between RM0.625-RM0.65 in early Feb.......this week..RM0.70??? next week ..RM0.80?? Feb end RM 1????
Now shark want to pull down the price and want us to leave early. Because .... soon it will go up .... i think as long as we hold it until the financial report . The share pricing will keep flying high
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....
ycj88
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Posted by ycj88 > 2017-02-02 15:21 | Report Abuse
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