Dragon : that is the price u start cumulative , 0.70 discount 15% for RI . Their target prices for RI is 0.64 after 15% offer for 5 trading day average .
I believe the price will further pushed down to ~0.6x. I bought at even higher price @ 0.9925... Quite substantial paper loss for the moment.... looks like have to continue to hold for 10 years.
Can consider WA as leverage. Bottom line must have $$ to exercise if market not recover ..(0.195+0.51 = 0.705) Maturity date: 20/12/2014; Exercise Price MYR 0.5100; 1:1
tan teng boo says companies which have not seen a FPSO their whole life...... then suddenly just went and bought an old junk..... then only look for a contract..... after finally got contract then ask for huge amount of money to try to convert the junk to FPSO... just ain't gonna cut it.... or something like that
ain't gonna cut it.... but anyway gonna ask for huge amount of money to try to convert the old junk to FPSO.... FROM YOU
actually, this drop might actually be a good thing....... since the rights issue price has not been finalized, the management would need to base it on the current price, so exercise price would be lower with a lower current price....... :)
The price is almost there... like I mentioned before it will be pushed down to ~0.6x.... If got lower, I also don't understand why already... Must have a strong heart.
wait till 2016.....unable to wait then its tough game....u can play as contra player....make extra money when there is a small jump....wont make much money ( ....how much money you make is relative to how much money you already made in the past ....some people happy whenk they make 10 K ...some need more like 100k ....some even more than 100k ...so how much money make you happy is relative and subject to your previous experience of how much you already used to gain...)....but stay longer 2016 /2017 then you will see izeable profit !!!
The counter looks cheap to me for the following reasons:
(i) Order book vs Market Cap of RM1.5bn vs RM703m (ii) Entrance of recent insti investor, Pelaburan Mara @ 80 sen per share (iii) Lembaga Tabung Haji's large skin in the game @ 31.6% shareholding (iv) Expansion plans for its shipyard which will allow it to undertake larger jobs
Normally you wouldn't see companies raising money from the market unless you have something solid, especially companies like THHE which has a chequered past. If you screw up again, you'll never earn investor's trust again.
That and the fact that THHE has declined nearly 21.18% in the past 1-year when comparable peers have all fared better.
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