Why would anyone want to subscribe to 46m new shares at 20sen when they can buy from the open market at only 8.5-9sen? They can pick up 43mil shares that are currently queued from 0.09 to 0.10.
bull007, I still don't get it. Who would pay RM9mil @ 20sen a share in the first place? The only way I see this would make sense is if they push the shares to >20sen first. In any case, nothing much makes senses in Bolehland....goreng time? :P
Same Old story!!! Last time many time they announce private placement also but price still between 0.08-0.10, if u wanna try buy 0.08-0.085 gud buy la...
they do not need to push to >20c. the private placement come with 69m free warrants. i am sure the buyer is currently holding existing mother shares. for illustration, let's say 20m shares. if mother share push up to 12c, they will make a paper gain RM1mil. anything is Boleh in this country
Thanks bull007, I haven't come to grips with the pricing of warrants. Exercise price of existing warrants is 0.20 when mother share is 0.085 and yet they are still worth 3.5sen?? I guess the future of hubline is looking good in some ppl's crytal ball.
Shuk, yeah I've been hearing this story for a while. Getting stale now. Any idea when the placement will actually occur?
will the share go up. I bought the share at 0.07 sen hope that is the support level for this counter....checked out the graph the lowest it when was 0.08 sen for some time...but now at 0.07 sen ... any feed back guys...tq...
Kris, Hubline is like a play-safe counter at the moment. Hubline ship movement is like a submarine ship currently, 3 month UP to survey the coast and 3 month DOWN to operate underwater. 0.07 cents is a good price. Hubline price-play range during High Tide is @0.095/0.105, and during Low Tide is @0.070/0.085. Now Hubline is at low tide.
Bro, the said 3 month for Hubline to appear back on the surface is due few weeks ago, but the coast is not well therefore Hubline don't like to fight. Nevertheless, this is a 3rd liner company with strong fundamental and well focus in their business, strong market cap, why must they risk them self to fight UNLESS; stirred by RC or some others for we don't know what reason. Watch out for the unusual moment activity during the smooth sailing behaviour.
Theews82: I got what u mean, U means about market emotional, yes of course when peoples talk negative, we must positive, above comment are about trend. not emotional.
Adam, any possibilities tht the penny stocks trend will be back when the FBM index are at 1510/1500. Or it will sink together with the global impact? Any comments about this counter behaviour during tough time?
Many people Think High risk high return. But according to warren Buffet way, More Higher ur Knowledge in trading/Investing,Return will be much higher & Risk will much lower. Knowledge vs Risk is correct.
Hubline BHD Announcement Date: March 13,2012 Recorded in The Star Newspaper on Monday, 14.5.2012. Proposed Private placement of new ordinary shares of RM0.20 each in Hubline representing uo to 16.45% of the existing issue and paid-up share capital in Hubline together with free detachable warrants in Hubline on the basis of three additional warrants for every two placement shares subscribed. -The Star, Monday 14.5.2012
So as recorded and mentioned on Hubline BHD Announcement on March 13.2012, Do they auto credit the free warrants to our account? Anybody knows, please advise. Thnks in advance.
Richman, thank you very much for yr info. How and where can I read and learn the Private Placement? Very sorry, I never involve in this Warrants with this counter before.
richman, 2 main shipping/cargo business in here who are actively focus in their expertise are MISC and Hubline and some others. Recently MISC was a bit out of track due to the global impact but we take that as opportunity for an Intraday Short-term ROI strategy. We are quite unsure about Hubline trend, any advise for this counter?
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Namoyaki Takarajima
565 posts
Posted by Namoyaki Takarajima > 2012-04-20 09:28 | Report Abuse
MohdShuk, sabaq sat kot? tu macam ada berita baik ja tu kt atas tu, kalau dia roundup RM0.20, jadi cerita lain tu.