the accumulation volume & price is drawing my interest, the weird thing, underlying still not moving & expiry getting closer, ppl willing to pay for higher premium :)
Never though you are looking into 2 weeks time to accumulate 40k :)
The waiting time to get the converted share is a risk also - 3 weeks time anything can happen.
I heard from someone older telling me their bad experience during 97/98 crisis. While waiting the exercised units, if market doing bungee jump , you couldn't even do any sell order but watch helplessly until the units is credited in your CDS AC. That was a true nightmare
same argument by Siew, remember? Siew allege that IJM is diluting minority stakes. that's why i believe they are selling to keep the price low. Another advantage is an opening in case they want to go for MGO
wouldn't it be interesting if IJM calls for a MGO? possibility is there with Shah shifting his shares out of Kaspadu i think! guessing game only nowadays hehehe
so far, i am just comfortable with IJM being cool over the matter. fireworks may start if IJM takes the 25%, increase the sake to another 8% and calls for the GO. IJM will just thank Abu for keeping the price low! hehehe
looks like really need to makan sendiri already :)
next week still can trade until Thursday, after Thursday can only pray hard underlying hit above 0.40 for conversion - provided you got cash to exercise
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Posted by potenza10 > 2012-11-10 16:50 | Report Abuse
ooooooh....thanks pathew!