Already corrected 50% of yesterday's rise from intra-day profit-taking because of too rapid rise. Should be at good support level now, for another surge next week. Momentum is there (see today's Kenanga analysis.
With due respect, the shape of today's black candle (while a bearish sign) doesn't look like a Shooting Star to me. Coming as a single black candle after yesterday's long white candle, the combination at this stage doesn't spell Doomsday as you would like readers to believe. With the horizontal and trendline supports nearby, I don't see the "huge drop" that you envisage - perhaps a day or two of corrections. Perhaps those who are good at TA would care to comment?
Friends that why there fix the johotin wa at rm1.28 because fair value at rm1.25... If ge13 cause drop until below 1.25 hurmmmmmm wow.... If not still can buy bcoz one of cheap fnb st0x...
Johotin WA fixed at RM2.28 lah :P Johotin very hard to drop. If drop till RM1.28, WA will be zero and the main shareholders will be eating all the bombed down shares. Why fixed WA at RM2.28? becoz management believes Johotin is worth way more than that.
Intrinsic value meaning valuation of a company? Every investor has to do it on their own. Or the simple way out. You can look at analyst reports to see their target prices. But then again, you've to judge whether their reports are trustworthy or not. I think here in i3 we have good support from research houses like kenanga, maybank, cimb, osk and TA reports to help us out here.
The warrant price consists of intrinsic value plus time value. Intrinsic value: mother price minus exercise price. Time value is calculated using some complicated equations such as Black Scholes Option model. So, the IB is not making any serious mistakes in my opinion. Some online calculator for your reference: http://www.hoadley.net/options/optiongraphs.aspx?warrant=Y
As it's acquire the Abel Dairies, should make outstanding profit then previous report...but seem no n disappointed, so have to wait and see how to coming performance...
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....
tonylim
4,796 posts
Posted by tonylim > 2013-01-11 11:42 | Report Abuse
yea, rights issue only RM1.28 cheap cheap.
It will re visit 2.23