Tomorrow going to be interesting the trading of its pr. If only you think the price of mother shares can sustained upon listing of its pa, then why not work it out.
Again, i just express my opinion (contribution to be great, but at least better than those misleading information or remarks), i never, in any previous remarks on other counters, suggested buying or selling.
Many, pity, don't understand, or cant be bothered, what's corporate structuring or actions
Guys, let me clarify it once and for all since they are too many inconsistent posts on this counter after it ex...i deleted my post earlier to avoid getting into any contraversy but since it is been sarcastically stated otherwise, allow me to straighten and keep genuine investor informed and updated.
a. A W holder will get appro 240 new W for each 1000 shares held cum .. b. The exercise price for the W is expected to be adjusted to 5cts from 13.8 cts effective 4th Feb.
That being the situation, the W is currently underprice with the parent trading at 20cts...the W sud be price at 15cts, without premiun if the parent holds at 20cts..ut can the price of th parent hold steady..
2 On the ICPS the conversion into parent is either :
a. 1 ICPS plus 12cts OR b 12 ICPS
Do your on maths here...
Expected OR for the ICPS is 20cts-12cts-1cts = 7cts
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....