Good share. I still remember i first bought at 0.09 when Jun this year and take profit at 0.22. First share let me earn more than 100%. Now i support this counter again at 0.245 and it nvr disappointed me. Hope it can RISE more.
Today highest at 0.375. Believe tomorrow morning will rise and close at 0.39. TP should be 0.42 by this week based on the trend. Trade on your own risk. I will strong support for this counter.
Profile for Warrants (Amended Announcement) Instrument Type : Warrants Description : Issuance of 180,000,000 free warrants in SKP Resources Berhad ("SKP") ("Warrant(s)") on the basis of one (1) Warrant for every five (5) existing ordinary shares of RM0 10 each in SKP ("SKP Share(s)") Listing Date : 03/07/2012 Issue Date : 27/06/2012 Issue/ Ask Price : Not Applicable Issue Size in Unit : 180,000,000 Maturity Date : 27/06/2017 Revised Maturity Date : Exercise/Conversion Period : 5 00 Year(s) Revised Exercise/Conversion Period : Exercise/ Strike/ Conversion Price : MYR 0 4500 Revised Exercise/ Strike/ Conversion Price : MYR 0 5500 Exercise/ Conversion Ratio : 1 Warrant: 1 new SKP Share Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Cash Settlement Type/ Convertible into : Physical (Shares) Remarks : 1 The exercise price of Warrant from 27 June 2014 (being second anniversary of the issue date) to 27 June 2016 (being fourth anniversary of the issue date) is RM0 55 per SKP Share 2 Each Warrant carries the entitlement to subscribe for one (1) new SKP Share at the exercise price subject to the following step-up mechanism: (i) upon issuance of the Warrants up to (but excluding) the second anniversary of the issue date RM0 45 per SKP Share; (ii) exercise at any time on and from the second anniversary of the issue date up to (but excluding) the fourth anniversary date RM0 55 per SKP Share; and (iii) exercise at any time on and from the fourth anniversary of the issue date up to the maturity date of the Warrants RM0 65 per SKP Share, subject to the adjustments in accordance with the provisions of the deed poll dated 11 June 2012, constituting the Warrants Any Warrants not exercised during the exercise period (as indicated above) will thereafter lapse and cease to be valid for any purpose This announcement is dated 8 April 2015
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....
dragonlim
412 posts
Posted by dragonlim > 2014-10-10 15:31 | Report Abuse
Alr uptrend a few days, where will have force selling again! Won't think it will fall below 0.245 .....