How to convert?...just inform your broker and they can do it for you...believe you need to sign a form too. When?....after 1st anniversary of issues ie after 25/10/2014. Can I gain the diff?....yes and no. Price may change while waiting for the mother shares...it can go up and down...so it may take about 2 weeks to get mother share and so possible of gain or losses will be there.
good... its about time, coz I almost give up on this counter - has been holding the mother for more than 7 months with paper lost of more than 20k. up up up barakahh.
Anyway, read analysis from UOB and Maybank that if they get the Saudi T&I project - valued at USD1 billion - their price target will be change to RM2.50, and have also read some Saudi portals - their chances of getting it is very high.
Everyone is eagerly waiting for the result for months...
Last CEO Syed Abdul Rahim Syed Jaafar spoke:
He mentioned the company is eager to hear from Saudi Aramco. “We’re expecting to hear from them in regard to the project in August, latest in September. Then we will decide on our next step,” he said.
The RM3.26 billion project, of which Barakah is one of the three shortlisted companies, comprises transport and installation works, hook-up commissioning and pipeline commissioning works on a call-out basis.
UOB Kayhian Research in January noted that if Barakah wins the tender, it would only impact its earnings in the second half of financial year 2015 and boost its bottom line by RM25 million, with an assumed 10 per cent net margin.
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....
tchaipeng
63 posts
Posted by tchaipeng > 2014-09-19 14:53 | Report Abuse
Sleeping dragon waking up from deep sleep? opening eyes only .. not yet move his body and legs ..