Wc exercise price is 1.10 and today closing is 1.89 =( 1.10 + 1.89 = 2.99 ) which is still below the conversion price of mother share closing price of 3.07 which means the son is still cheap a bit . If Al price up and wall street up , the son will most upwards .
This stock was @30 cents about 5 years ago and went above $1.00 and never look back, its a winner and i believe if keep long long term could one day be like United Plantation, for those who know UP and what i mean.
To reach Rm 3.50/= just a small matter only but to reach Rm 4.00/= have to take a bit time . Maybe next quarter . Anyway i will wait for you Pmetal . PRESS METAL BOLEH dan TETAP BOLEH .
I just sold pmetal-cl & pmetal-wc then used the proceed to buy Pmetal mother share, TP=RM6+ by 31-12-2016. Market sentiment not good, I better play safe & want to get the dividend. =)
Rhb n Kenanga revised the tp just after 1 month after the 1st revision. It's not a surprise for me. I have predicted a month ago these research firms will revise tp. I'm very sure they will AGAIN up the tp when the aluminium price goes up or the results comes out. Hence, 3.65 n 4.50 is not my tp.
No need to worry the aluminium price. Last time when it drop back to 1450 from 1600, I shouting for buy call at 2.50. As u can see, share price oredi at 3.15 now. The aluminium is towards 1750 with slight bump along the way.
Moneyfoo, check what happened to Pmetal share price after dividend ex-date on 10-3-2016. Temporary I only hold Pmetal mother share as CL expired soon & WC automatic drop after dividend ex.
Yes, jingweihan still remember..many sell too early cos didn't expect it went up kaw2. WC a bit behind due to buying interest shift to mother. No problem, the son will catch up after ex dividend.
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....
Moneyfoo
476 posts
Posted by Moneyfoo > 2016-05-04 09:21 | Report Abuse
Good morning everyone...up up up :)