something need to be done before the W expired in 2 days time...will there be a repeat on what happen to other counters facing similar fate earlier ....good possibility ..
a. A new shareholder has emerged taking up a 19.5% stake in the company ie 34.6 M shares. If they see no value in the company, why should they buy in. b. the newly expired W (appro 98M shares)is in the $ on expiry and many conversion into the parent shares will take place @ 8cts. This will increase the CASH reserve for the WC of the company. c. I believe the conversion process is ongoing . The last day of trading for the W was 24th March 2021 at 3 cts. The cost of the parent shares after conversion will be 11cts while the parent is traded at 12 cts. Heavy buying on the W was noted and expect many conversion to be done. d. The listing for the conversion of the W is expected to be issued by end next week or the following week. The shares price of the parent is expected to be range bound for next week till all the W are converted and listed. Assuming 50% ( probably more ) of the W are converted, it will add appro RM4.0 million to the company's coffer and will improve the NTA of the company currently at 5.5cts. e. The reorganisation scheme are all in place and expected to be implemented any time, possibly an announcement of the same by next week or max the following week. f. I expect the shares to start moving within the next 7-14 days. Why should it move now before ALL the weak holder for those who sent in for conversion are not flush out yet.. it may drop a bit to flush out those weak holder ...
Guys, reviewed the above and if you think it is a good BUY , BUY early and avoid chasing it when the spike begin...
Guys , in addition the shares is at ALL time low for 2021 and close to the prices pre Covid 19 .... how many shares post Covid 19 fit into this category and the financial performance is reasonably satisfactory, a small loss and without heavy gearing and with CASH available in their balance sheet..
Is this a " Fat Frog jumping in the street" ...lol ,,, we find out soon for the event to unfold... btw , early birds catches the worms, remember that ....
Guys , who is behind Oriented Media Holdings Limited...? At what price did they buy in , my guess is an average of between 12cts to 13cts...!!! If you have been following the development on this company and the KLSE Market play , you can made an intelligent guess on it ....!!!!
Current price of Kstar 12.5cts ...so ....? think and invest wisely..
At least kstar already been appointed as one of the sales agent. Vaccines would be in great demand soon as the government wont be able to distribute fast enough to achieve herd immunity. Private sector can distribute to higher income class citizens or those that want to travel oversea as soon border open.
Guys, Kstar will stay bound range at this price until all the W conversion are all converted. The conversion cost is expected to be around 11cts to 11.5 cts and expected to be listed within the next 7 market days...why should the price move for the converted W to be sold at a gain . At the same time , the company will want those shares to be converted as it is in the money which they will or they burn the cost of their W. Cash will be injected into the company from the conversion.
They will only implement the reorganisation plan only the weak holders for those who converted the W are all absorb for a clear path to move..
Guys, for those who hold Kstar shares , stay patience and for those naysayers & critics and Sifus, please unlease all your negativety views , expert opinion and frustration,etc2, as you like ...it is quite entertaining to read , at times ya...
Have to admit that Kstar on the downtrend. Let wait next week once all W have been converted and see what direction will Kstar head towards to. Hope for the Best.
12th April is the High Court of the Republic of Singapore hearing for the sanction of arrangement of the proppsed internal reirganisation. Hopefully all turns out fine and good. We awaits Sinaran Advance Group Berhad to be listed.......
Guys , this hearing is just a legal formality . Malaysian HC has sancioned it and since it is also listed in Singapore , the Spore HC sanction is required .After 12th April and after absorbing the W to be convert, expectation will be good for this counter... but i also look forward to pea brain comment on it ...it their rights to vet ther frustration...
Dont you think the timing are all pre-plan...???? Think about it..
Cheers and good luck...
12th April is the High Court of the Republic of Singapore hearing for the sanction of arrangement of the proppsed internal reirganisation. Hopefully all turns out fine and good. We awaits Sinaran Advance Group Berhad to be listed.......
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Guys , many investors particularly i3 Members have labelled this as a CON , SCAM , MONEY GAME counter ,etc2 or whatever they called it , ...even to the extend of to initiate complain to authorities....why...possiby many are still at the HIGH LEVEL of the CONDO and having a beautiful view from above and venting their frustration while those at the Ground Floor, enjoyng the fruit of their choice of investment and sipping champagne..
A few more days to go & will it haappen to prove critics , naysayers & pple living on HIGH LEVEL wrong...
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....
jlex11
536 posts
Posted by jlex11 > 2021-03-22 05:31 | Report Abuse
Guys , will this counter follow the past trend for Seacera, Tiger , Saudee & Macpie.... next 2 days price movement will tell...
Cheers & Good luck ....