Yes, there is a possibility that upon QA Cliq could follow Sona. I feel it is unlikely for the following reasons: 1) The slower process taken might be down to "kampung management" or it also could be due to more thorough due diligence process and more bargaining to avoid overpaying for the asset 2) As long as the QA is not out, there is no certainty and this could be a good thing when compared to Sona's case. Investors might punt on this stock anticipating a better QA and driving the price up 3) Last but perhaps one of the most important point to me, as billionhair likes to repeat, Sona has been trading quite substantially above its IPO reference price. Once the QA comes out and is not satisfactory, some of the bigger shareholders that have taken a stake at IPO might sell. They can still sell at quite a good gain. This is what I think is happening with Sona. And when they sell, the small shareholders panic and it's a chain-reaction leading to massive selldown. It is a different case with Cliq as the current price is still quite near the IPO reference price. There is less incentive for them to sell upon QA. So, you see sometimes trading at too high a premium to the IPO price might not be a good thing for a SPAC. High premium means pricing in high expectation from the shareholders and will perhaps lead to bigger disappointment.
At the end of the day there is no certainty and the choice is yours to make. Just make an informed one.
Splendid. In biz world u must move faster than competitors, the day are numbers if u act slow.
To me, a spac company sh get uplift fr spac as soon as they can. Otherwise given the constraints of time and capital they can't do much. To me, get a good one a profitable one with smaller stake first. Let the price trade above the guarantee sum. That's the utmost task the management sh do.
billionhair. I agree but in the biz world being too hasty will also lead to bankruptcy. Hence, prudence is always welcomed. Buying around the reference price for me is riskless with the guaranteed return so I am not too worried even if there is no QA. Next week would be interesting for Sona as people will start bottom fishing. We will see if the sell down continues.
For cliq, we will have to see what the kampung management does ;)
cliq management totally silent.... never saw they say anything except: ''we have identified and shortlisted 5 asset for QA'' from last year until now no news..... dei.. they think the investor are fools?
"cliq management totally silent" this word good!!!!! No very fair for shareholder hold over one year... they cost expensive than now.. ( buy the price @ market last year )
At least trading below 90% premium - still safe bet! When QA? Hope they don't mess up like SONA. Very lazy only one QA and want to borrow some more. Management want to get rich quick. Better go for the get rich quick scheme lor!!!
Cliq....is interesting....unlike SONA....it is trading below cash level of Rm 0.675.....!! So if there is QA....it is most likely above cash level somewhere Rm 0.72 loh......!!
With Sona.....already announce QA.....most likely....cliq will accelerate & follow too....!!
If u have sold....ur SONA & find somewhere to park ur monies...Raider think u should consider cliq loh.....!!
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....
derrickinvestor
9,083 posts
Posted by derrickinvestor > 2014-06-06 15:54 | Report Abuse
hahahaha... Sona 0.30 is coming.... just wait and see....