I'm holding this ctr @ 0.58, found that after share split, it reach the top is 0.60 n fall back around 0.57~58 after that..today last minute who q 0.757 almost successful get it, hope next week will start go green, break 0.60 level...
Right issue price is 0.55, market price now is 0.575, n I found that the price fall from dec 17 @ 0.735 till Jan it break 0.60 level keeping drop to nowadays 0.575, think it reach bottom d...n the transaction volumn become less n less, show that the force selling is over also... so no worry la, if it can stand back 0.60 earn 2 sen I also happy d...
tommy...stupid for directors to dispose in big way if it is good company right? I think they are trying to punish the old majority shareholder. With the sudden call for the right issue, the old major shareholders may not have time to raise money and forego their rights.
Normally mother share will drop when the right issue was listed to market, while their new wa will go up..this ctr new wa been push high n stand strong at 0.18, think the mother share will go green too...
hmmm seem like the warrant price quite attractive (0.18) can consider buy in kao kao as well since the owner keep buying own share back i think warrant will boost soon too:)
yea agree..n i think is time for US market big drop soon (due to ad continuously big boost for almost days) so shall wait n see for another drop trend then might enter either Bright warrant/Sunway warrant/Kretam^^
moxmerox..dun ever think of selling unless you need to use money. how many counters in bursa are better than this counter?? I think its hard to find. I believe the new management are more dynamic and this is a new begining. This counter have potential to be multiple bagger. Just look at how it go up...also how it go down he he.
richcares...how many counters in bursa got eps of > 15cts and selling around 70 cts? Future prospect look very BRIGHT when the new machines are put into production. moreover with the potential biz from BAT, the biz look extremely bright. Only disadvantage is that this is an extremely small capitalised company.
sssa..these machineries are going to ramp up the production to double that currently. Substantial amt from the rights issue are use to buy it...i believe for the lucrative orders from BAT which is currently sourcing from Toyoma aluminium foil which is just next door to BAT. Once the machines are installed ( can always ask when it can be ready during Monday AGM )...the money will start to pour in to Bright.
this sohai bright ,push mom tak mahu son , base on the volume disposed in morning transaction ,wb is disposed by shark or director , no use at the short moment , wth .. balia director ,10cents earn throw already ,really balia ~ may be will down to 0.20 or 0.22 ...
Lee as said warrant correction will happen but will be even lower than u said.if mother fall back to 0.60, 60% premium on warrant price is just 0.14.This is worst case scenario.However if there is an upswing on mother again then warrant price will hold.cheers
Piotoy..agree...that why i say be prepare for the wild swing...never play contra cos once you are trapped....be prepared to pay a high price. The ex majority shareholders have already pay a very high price. If you look at the top 30 shareholders, majority are margin pledge...and a wild swing down will caught many with their pants down.
This company has zero debt and more than RM 55mio in cash or 43 sen a share. Include recent revaluation of properties at RM 28 mio or 22 sen a share, the total from this two components alone is at par with the current price of 66 sen.
Current PE is at 5.7 and good quarterly earnings of 2 sen or 8 sen per annum. New Management and ample cash on hand make this company a hidden gem and must have stock to own.
Lee..maybe you are right on the margin pledge accounts.But as you know you can always have cash as collateral in your margin account which then will give you a higher margin limit.If not wrong their target was to profit at warrant trading.First sell the warrants to get cash and then buy back lower using their margin limit.Thereafter support mother and sell again the warrants.Double profit...Let see next week trading..
piotoy..what i mean is that with most of the top shareholders on margin a/c, any sharp fall in price will trigger margin call/force sale. If got cash to top up...no issue. But I believe the sharks are taking advantage of the vulnerability of those top shareholders who don't have cash to top up to suppress the price and force them to sell cheap to them. I believe Demi Maju is a major casualty of this. As trader88 point out, it's a hidden gem at the current low price.
This is a no brainer investment. With market capitalisation of RM 80 mio and a cash reserve of 62 mio or 48 sen (RM 15 mio before right issues and RM 47 mio (additional 86,569,800 shares x RM 0.55 per share) arising from right issues exercise plus the dilution of shares ownerships this company is a good candidate for takeover. I believe the new management will accumulate more shares to take control of the company fully.
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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....
bowman
2,601 posts
Posted by bowman > 2014-01-24 21:59 | Report Abuse
good guesses. next week, you will see some fun