short term gadang no eye see. sentiment is bad. overall KLCI not performing as well. now let's wait Opec meeting with Non-Opec on 9th Dec. if they struck a deal to stablize oil price. then MYR still appreciate and Foreign fund coming back
Rationale to sell warrants at 25.5sen, and to purchase mother share at 90.5sen. (premium is about 45%). Looking at the current situation, the price will only move after securing a new contract or announcement of a lot better 2Q (in late Jan17).
Meanwhile, if it comply with "your plan" (i.e. price dropped 25% or more from your average price), then can buy some, as it is still consider "undervalued" (PE <6x for FYE2017) even without contract announced.
Earnings is likely to be better in FYE2017 (although more may come from property sector).
The Board of Directors of Gadang wishes to announce that the Company has implemented the ESOS with effect from 6 December 2016. Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce the following offer of options to eligible persons to subscribe for new ordinary shares of RM0.50 each in the Company ("Gadang Share(s)") ("ESOS Options") under the ESOS.
The details of the ESOS Options are as follows:-
No. Description of ESOS Options offered under the ESOS 1. Date of offer of the ESOS Options : 6 December 2016 2. Subscription price of the ESOS Options offered : RM0.86* 3. Number of ESOS Options offered : 85,280,500 4. Market price of Gadang Shares on the date of offer : RM0.93 5. Number of ESOS Options offered to the following Directors of Gadang : (a) Tan Sri Dato' Kok Onn : 3,623,500 (b) Kok Pei Ling : 3,261,000 (c) Adam Bin Bachek : 1,035,000 (d) Boey Tak Kong : 931,500 6. Vesting period of the ESOS Options offered : 6 December 2016 to 5 December 2021
Note: * Being a discount of approximately 9.47% to the five (5)-day volume weighted average market price of Gadang shares of RM0.95 immediately preceding the date of offer.
Why chilli sauce keep mentioning 6x PE? Does he understand 6x PE will become 12x PE once the orderbook deplete? The stock market anticipates the future. Never ever invests based on the present.
Strong management with proven records, but outstanding order book is making everyone worrying. Management needs to get more projects sooner possible rather than later.
The public would not get at ESOS price, and ESOS is for employees so i don't think the company will let the employees suffer losses to demoralize them. Good to know that. Should go up from now?
not so fast rebound ler... ppl press down the ESOS got to sell shares, take opportunity to buy cheaper than ESOS price, after all the hard work, why push up so soon. still got 2 months to show you the good results..
Stockmanmy sifu, the accountant, so free dun need to do account but wanna change job to become a prophet. Nanti kena taruh by ISIS baru tahu. Nabi M is their last prophet, who dare to be a prophet watch out
It is clear that the only way to make big money from the stock market is to stay focused like you.
I used to question why someone of your stature want to post in i3 , exposing yourself to the public glare amidst the uncertainties of the market. I have changed my mind. I think you should continue posting in i3 because you really got some thing to contribute to the readers.
As Hillary Clinton says, the easy part for her about public service is the service part. She has always found the public part a nuisance and her weakness. But she continues because of what her mother taught her that she should always try to do the most good to the best of her abilities and never give up. The question that has dogged her campaign is why she wants to be President? Why she wants the job when her enemies are determined for decades to pull her down with so many controversies and attacks against her character and honesty?
I believe she wants the job because she really really thinks she can contribute. That she got special qualities and experience that will truly benefit America and Americans when she is President.
"All the stupid losers must change their method and follow my golden rule which Gadang cannot comply. All losers will continue to suffer losses and will be shocked to see Gadang announces its reduced profit at the end of its financial year."
"I even told Mr Ooi Teik Bee that I was selling Gadang but he refused to follow my advice. He even asked my permission to buy a little more to round up the number of shares he bought for me. I allowed him to buy Gadang for me even though I know that he will lose my money.
Ooi Teik Bee told me not to write article to tell people to sell any shares."
How come I dunno one? I missed reading the self-intro articles of stockmanmy sifu arr? or KYY Private invesigator found out the day immediately he posted the "Gadang .. the another angle"? scary...
"All the losers must look at the truth as explained by stockmanmy's article. Stockmanmy is a chartered accountant who is a very good stock analyst. I have my highest respect for him. "
P/S: I cannot watch people losing money, but I can make them losing money. I cannot watch people committing suicide, but it is no problem to make them do so.
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....
tksw
12,976 posts
Posted by tksw > 2016-12-06 15:25 | Report Abuse
Q 500 units 245 for WB