that is the fair price for warrant as at 0.03 but is not confirm is based on closing price then times (maybe) 20 - 30% on the closing price..... i guess is 0.06 - 0.07
Agreed. It should fly once the company buy back its shares. It will be much better if major shareholder buy back its company. Value is too low compared to its NTA
With depreciation of RM, its NTA will be much higher. Major shareholder should buy back maxwell and float the company in china or hongkong. Buy back at 40 cents will be good enough
2. That the Board of Directors be authorised to consider and do all the necessary to give effect to a proposed capital repayment of RM0.10 per share to the shareholders of the Company.this new good ?
i attended the AGM yesterday . The Board of directors and the auditor assured shareholders the 377m is safe. The Board could not explain why share price is only 0.11 when cash value is 0.93. The ED from China was not voted in as director so was the resolution to issue more shares. Shareholders passed resolution to get the Board to consider a capital repayment of 0.10 per share. Resolution adopted unanimously . Shareholders also want the Board to adopt a more active buy back of shares in view of its strong cash reserve as well as considering a dividend payment . A real disappointment was the controlling shareholder/ED did not attend
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3089 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Money_Lover
98 posts
Posted by Money_Lover > 2015-03-20 08:48 | Report Abuse
Warrant will trade @ 0.03