Going to buy warrant next week as warrant price against mother is only 9% premium, among the cheapest premium warrant with potential big return pretty soon.
azlan, can move very fast if up. if down, price move slowly. 1. low volume, company share buy back, sure can support share price. 2. if hold many unimech, unimech go down with low volume, ur paper loss will be huge, MR LIM sure goreng up become paper gain.
PT Arita, their Indonesian associates, had jumped from around 250 rupiah in August to 425 rupiah now. I guess this is why Unimech share jump from RM1.58 to RM1.74, apart from active share buy back. The company buy-back shares almost everyday!
Either they distribute back as dividends or cancel the treasury shares will benefit both major and minority shareholders.major shareholder can tighten their already high shareholding, without having to fork out money to increase shares. they may launch MGO
and for minority shareholder can benefit from increasing share price due to higher EPS. I believe that unimech can stand good chance to benefit from RAPID pengerang project. there will be a lot of valves for their petrochemical plants. return-check valves, safety valves, you just name it.
Cheers!
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hippo_yin
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Posted by hippo_yin > 2014-09-19 19:42 | Report Abuse
doraemon eat sao pao, but hippo eat vege.
BTW, unimech will limit up after the big announcement.