They are converting because they need cash for working capital, I suspect is to prepare for the warisan merdeka job/ other property jobs, the company looks like do not care about their share price movement at all
Latest update: Warisan Merdeka final award will be on Jan 2015, if market sentiment rebounded, this would be a strong play, but currently I would advise to watch only until sentiment turns good, which normally will be on December
Type Announcement Subject OTHERS Description SEACERA GROUP BERHAD (“Seacera” or “Company”) - Subscription Agreement between Seacera Group Berhad and SPAZ Sdn. Bhd. (“SPAZ”)
Further to the announcement dated 10 January 2014, 16 January 2014, 7 April 2014, 22 April 2014, 17 July 2014 and 10 October 2014, the Board of Directors wishes to announce that the Company has on 17 October 2014 subscribed the 3,000,000 newly ordinary shares of RM1.00 each in SPAZ.
Upon the completion of the subscription of the shares in SPAZ, the Subscription Agreement between the Company and SPAZ has completed.
With the completion of the subscription agreement, SPAZ is now a 60% owned subsidiary of Seacera.
This announcement is dated 17 October 2014.
This explains why the directors paid millions and converted the warrants, to pay SPAZ, i guess, SPAZ will direct more projects and WM project to them. So, you should not even sell below RM1 as all of them are indirectly buying the shares at RM1 or even higher, by sacrificing their warrants!
SPAZ become subsidiary of Seacera should be good. As it can capture 60% of it profit on the road upgrading caontract.
SPAZ Sdn Bhd Wins MYR 20.33 Million Road Upgrading Contract
Apr 7 14
Seacera Group Bhd's subsidiary, SPAZ Sdn Bhd, has been granted a MYR 20.33 million contract from the Public Works Department for completion of outstanding work related to the upgrading of the Pasir Puteh/Gong Kulim/Tok Bali Road, in Pasir Puteh (Kelantan).
Seacera Group Bhd's SPAZ Sdn. Bhd. receives contract
Monday, 21 Apr 2014 08:00pm EDT Seacera Group Bhd:SPAZ Sdn. Bhd. receives letter of award granted by Malaysia Airports Holdings Berhad for proposed design, construction, completion and commissioning of Malaysia Airports Academy and other associated works at KL International Airport, Sepang, Selangor.Works which have contract value of 151,988,690 Ringgit is to commence work in April 2014 and to complete by April 2017.
If it breaks 97- 98cents, should be able to break its downtrend curse, and we will see RM1.20 easily
This stock is massively undervalued, the point is there is no gatekeeper for this stock, no operator, and nobody is interested to goreng this counter, maybe time has not yet arrived, it will show some movement before jan 2015, where seacera might announce the winning of warisan merdeka!
Somebody converted 550,000 warrants-B again at RM1, Are they nuts? or you are the nuts?
I once saw 8 months ago, FCW dropped below RM0.90, but got huge chunk of warrants convert at RM1, and I thought they were nuts, and after 8 months, FCW rallied to RM1.6, will the same thing happen to Seacera?
I trust Alpha Trader, i follow him since end of August for IFCA, SMRT and Seacera, althrough seacera is still not yet boom, but i trust it will hit the historical high just like IFCA and SMRT...
Next one? This one just starting, what next one, bro, cannot be so greedy, one by one ok? see ifca and smrt, i will give next one when seacera retest 1.40 haha
Of course SMRT, but it had run too fast, I will wait for retracement to top up again, but Seacera might give the highest return, remember FCW-wa last 6 months expiring at half cents, got some huge warrants were exercised, paying RM1 for the mother, and the mom is only RM0.90, that does not make sense to me at all, BUT it is now all making sense because, you look at FCW price now! that is 1000% return for those who exercised their warrants!
alpha trade very geng, so sad im not follow u for IFCA till the end, but still earn a lot from IFCA, seacera is a matter of time. But just curiuos once you promote one stock, one or two days later sure boom, suspect u got secret admirer in this forum, lol
As long as you make money, my calls so far have given ample time to load, not gapping up, i am more fundamental +momentum trader here, very different strategies used here
Alpha, thank you for being generous with your info.... I am considering SEACERA seriously... I am curious why the warrants for seacera is so high.... anyone has any idea that can share?...buying mother shares by 100k will eat up lots of capital. thanks.
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....
ignasio
149 posts
Posted by ignasio > 2014-10-16 15:41 | Report Abuse
The only stock I am holding >.<