Aside from undervaluation, I realize that the stock price keeps sliding down alongside with the exercise of warrant. Does the exercise directly impact on the share price? If so, better let them exercise all the warrants first. I bought at 4.5 in Feb when the total no of share was 119,672,137. Now share is at 4.03 and the no of share is 132,489,694. Share price dropped 10.4% while no of shares increased 10.7%.
Good stock, great management but I shall be truly amazed if this year, they can come anywhere close to repeating the fantastic performance of the last two years.
Market is responding to impending insiders' news. Directors may accumulate dividend payment later in order to encourage more conversion into ordinary shares. If dividend is paid at a larger percentage at one goal, more warrants or ICUL holders may be tempted to convert into shares. This is merely my speculation, and it is at your own risks/benefit if you want to buy or sell TGuan shares.
Dont talk vision only. Give more dividend and the market will take of share price. 2016 interim of 6c was declared on 25 August 2017. It is already end of october 2017 still no news of interim for 2017 !
I agreed with ykloh. Pay interim dividend of at least 6 cent as in the previous year. Why this year is not paying any interim dividend? Shareholders will speculate if TGuan is lacking funds or need to use it for expansion of plant and machinery.
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....
yfchong
5,943 posts
Posted by yfchong > 2017-09-28 12:47 | Report Abuse
marche movenpick......