yapts, just my view, increase from 0.225 to 0.28 (increase by 25%) is still has some room to go up, moreover approval of proposed right issue, warrant have not done yet & no disposal from directors yet.
potential opportunities are to ensure that the rights are exercised, a rights issue to be priced at a steep discount to the market price (especially high volatilily share eg. Tiger Synergy) & free warrant
With due respect ,this is the most crucial factor affecting Tiger's share-price pre/post right-issue /15Nov EGM ..... and the opposite is posted above (IF PROVEN TRUE, the writer and everybody will loose their pants because the major shareholders will dump their shares into the market as-per-bursamalaysia below ), compared to the announcement by bursamalaysia.com that the 2 controlling shareholders already filed their intention to DEAL/SELLLLLL!!!
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): INTENTION TO DEAL DURING CLOSED PERIOD
TIGER SYNERGY BERHAD
Type Announcement :
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)--INTENTION TO DEAL DURING CLOSED PERIOD
Description TIGER SYNERGY BERHAD ("the Company") Notice of Intention to Deal during Closed Period pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad--Main Market Listing Requirements.
The Board of Directors of the Company wishes to inform that the following Directors have given their notice of intention to deal in securities of the Company during closed period.
The current shareholdings of their securities in the Company are as follows:- Name of Directors Description of Securities No. of Shares Held (Direct) % of Issued and Paid-up Share Capital No. of Shares Held (Indirect) % of Issued and Paid-up Share Capital Dato Tan Wei Lian 36,411,900 9.41%
pdtan,thanks for the info. I overlook for this announcement.
Posted by pdtan > Nov 7, 2013 11:49 PM | Report Abuse the announcement by bursamalaysia.com that the 2 controlling shareholders already filed their intention to DEAL/SELLLLLL!!!
If you study the rights proposal, the current price of 26.5 sen is very very attractive. Based on the proposal of rights 1 to 1 with 1 warrant at 20.0 sen, ex rights shd be around 22.0 sen, the OR will be easily 8.0 to 12.0 sen, so do your maths now.
Approval of proposed renounceable rights issue of shares up to 424,710,000 new ordinary shares of RM0.20 each in Tiger ("Rights Shares") on the basis of one (1) rights share for every one (1) existing ordinary shares of RM0.20 each in Tiger held, together with up to 424,710,000 free detachable warrants 2013/2018 ("Warrants 2013/2018") on the basis of one (1) Warrant 2013/2018 for every one (1) Rights Share successfully subscribed at an entitlement date to be determined later.
Just heard over the weekend that the same syndicate invloved in SUMATEC rights issue plays is now eyeing on this counter, as the play on SUMATEC is coming to the end due to listing of its rights on 21st Nov. Thursday.
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....
Mohamad Azeman
106 posts
Posted by Mohamad Azeman > 2013-11-06 18:32 | Report Abuse
my tp 0.30