Why afraid of right issue? I think it's a legitimate way to raise fund to growing the company. What I'm afraid is investing in company that has no genuine plan for growth. Actually, since investing from April, I keep a look out for companies that do right issues and maybe just a coincidence....all generated reasonably good returns. For Tawin, If one buys now at 18sen, and you get 3rights(subscription price@6sen)per share, so after the right exercise, you get total of 4 shares for 18+6x3=36sens or 9sen a share. Will the foreseeable future price be more or less than 9sen? Hope this helps one to decide whether it's worth the risk or not.
Afew days After the ex date of the right issue, the rights will be credited to your account. It will be listed for about a week during which You can trade the rights. After this week, must subscribe or the rights will be worthless. I have a nominee account with public bank and the broker there does the subscription for me....I just pay, haha. But must beware of the various dates. Btw, the ex-date not announced yet.
, If one buys now at 18sen, and you get 3rights(subscription price@6sen)per share, so after the right exercise, If let said I don't tawin share in hand , so can I buy the 3right share 18cents ( 6 cents per share)?
Unfortunately its price will most likely become cheaper as investors usually do not like right issues. Also, its price has almost doubled. I suggest you sell high now and buy low later.
The lower ex price follows established law, it applies universally, not just to Tawin. We ourselves need to know the rules and do our own calculations to gain but following the rules.
Today Mother share price closing 0.185 PA share price closing 0.085 Highly recommended : Buy PA convert to Mother share 1× PA 0.085 + 0.075 = 1 Mother share COST 0.16 profit is 0.025 if Tawin mother share up you earn more than this .
Everyone buy Tawin mother share looking for up few cent profit . Now if your straigh buy PA and convert you straight earn few cent assuming mother price still trade in 0.185
Right Issue Ex Date still far from now . It may take time 6 months or longer . PA is good opportunity to SAPU now , PA and Warrant going to 1 free 1 as compesation of mother share price dilute on 1 for 3 RI . And PA conversion price to mother revise to 0.05 only , Warrant is 0.10 only . Future 1 PA + 0.05 = 1 Mother Share Future 1 Warrant + 0.10 = 1 Mother Share
You hold 1 PA will become 2 PA You hold 1 Warrant will become 2 Warrant Example : 1) when future mother share price 0.18 , PA price is about 0.12 because conversion price is cheaper 0.05 currently is 0.075 2) Warrant price is about 0.10 Because conversion price is cheaper 0.10 currently is 0.20 Most of the peoples is overlook this adjustment and PA & Warrant are hidden gem .
@graphic . Yes PA is better than Warrant . Currently conversion price is 1 PA + 0.075 = 1 Mother Share . After RI Ex Date : 1 PA you hold become 2 PA . 1 PA + 0.05 = 1 Mother Share .
Tawin trading volume reduce significantly whilst prices steadily hold and rise. i guess those "any force selling" and "short term players" are already flashed out. And current share price may be solid and stable. So awaiting some good news or "new catalyst" to boost it up.
According to its Annoucement earlier. it stated in the prospectus that the Right issue matters are expect to be completed in the first quarter of 2021. That mean to say either in Jan, Feb or March.
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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....
Megan88
360 posts
Posted by Megan88 > 2020-12-17 16:26 | Report Abuse
Sell now cant buy back the same price.. rocket soon.. huat ah..