In a statement issued today (13 Oct 2016), Kwasa Land said that Gadang’s bid would give a total financial return of RM165 million for both the land cost and profit sharing to Kwasa Land.
No reason to sell.. unless the price already too high.. but its P/E still quite low with good news and exercises on the way. Observe laa why its being pushed down and notice big sell queues purposely put along the way.. to create panic sell-offs so MMs can accumulate at lower prices. Anyway.. we anchovies cant fight em.. as they are smart people and they hv the means to do whatever they choose. Just sharing my opinion ya..
There is share split of 1 into 2. After the share split, you are entitled for free warrants 1: 4 @ RMx exercise price, which means, for simplicity, that you need 2 mother shares of Gadang prior to splitting to get 4 new Gadang mother shares + 1 free warrant + 1 extra mother share.
Using closing price of RM 3.00, therefore, the cost price will be RM(3.00 times 2) plus RMx. At the end of the proposals, you will get 5 new mother shares with 1 free warrant = 6
Hence, ex-all price = (2 X RM3.00 + x) / (5 + 1), assuming the conversion price is RMx.
tksw, It can't be calculated yet because we still do not have the warrant exercise price. Assuming it to be RM1.15, then all ex-price = (2 X RM3.00 + RM1.15) / (5 + 1) = RM1.19
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tksw
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Posted by tksw > 2016-10-13 16:34 | Report Abuse
Gadang wanna play twinkle twinkle little star,...