Posted by TheContrarian > 2018-04-03 16:33 | Report Abuse

But yield investors who bought cheaply make money.

Posted by stockjobber > 2018-04-03 22:19 | Report Abuse

There are lots of yield investor who borrow funds with cheap interest, buy cheaply from the open market (less than .45), keep for 2 to 3 years, get back .5 + accrued interest

Posted by stockjobber > 2018-04-03 22:29 | Report Abuse

Or they can be initial investors with cheap interest to subscribe @.5, sell the warrants to average down cost price, later opt to cash out @.5 + accrued interest

Posted by stockjobber > 2018-04-03 22:35 | Report Abuse

Given that the most "successful" SPAC, Hibiscus , listed 7 years ago @.75 cost , is only trading at .82 +-, even after selling the free warrants to average down cost price, is still hard to make ends meet, if any, at the current price; considering 7 long years of opportunities lost !

Posted by stockjobber > 2018-04-03 22:41 | Report Abuse

Given that all SPAC in Japan and US have failed terribly decades ago, we should practice more
prudence and caution in these counters

Posted by cybergreen > 2018-04-04 08:23 | Report Abuse

when spac failed to secure qa
promotors and founders lost all their seeds money
warrant holders turned to toilet papers

Posted by DK66 > 2018-04-04 09:43 | Report Abuse

The success of SPAC very much depends on the prospect of the industry it is in. Valuation concern is secondary. Take the previous 4 oil SPACs as example, Hibiscus succeeded because oil price was US$100 then, the next 2 failed because oil price plunged and reach energy succeeded partly because of recovering oil prospects. Rsena is in a booming F&B industry, and listed F&B stocks are trading at very high valuation. Even though this make acquisition more difficult, I view this positively as the chance of success will be worst if Rsena is in poor performing industry now eg. property, oil etc. Regardless of valuation, it is very hard to find investors for difficult industries.

Posted by jeffreymib > 2018-04-04 11:00 | Report Abuse

So DK66, you are more in ordinary shares or a risk taker into warrants? :)

Posted by Duitlai > 2018-04-04 11:42 | Report Abuse

The director's said at the agm " we would not draw the curtain until the final stage'
For warrants, high risk high return.
Worst scenario, can still dispose at one cent.

Posted by DK66 > 2018-04-04 14:14 | Report Abuse

Jeffreymib, I favour ordinary shares. Will only look at warrant after seeing the S&P agreement.

Posted by Kareemabduljabbar > 2018-04-04 15:29 | Report Abuse

Fake news. No deal.

Posted by TheContrarian > 2018-04-04 17:54 | Report Abuse

Red Sena steady, no fall.

Posted by cybergreen > 2018-04-05 12:08 | Report Abuse

Fake news. No deal. lol....rsena-wa risky. dump first before it trigger margin call. or sell down later.

Posted by cybergreen > 2018-04-05 14:41 | Report Abuse

rsena warrant must throw before 4pm. tomorrow Friday + parliament dissolve news.

Posted by LimKT > 2018-04-05 15:10 | Report Abuse

lolololololol

Posted by TanChinku > 2018-04-05 17:05 | Report Abuse

The dewan rakyat adjourned sine die today

Posted by Fastrader > 2018-04-05 20:12 | Report Abuse

Buy

Posted by RonnieKimLondon > 2018-04-06 22:45 | Report Abuse

Shareholders at AGM were calling directors names. Losers, turtle, useless.

Many shareholders said they bought Red Sena because they thought the company will acquire a good business. They are not interested in yield.

Posted by Rio2814 > 2018-04-06 23:12 | Report Abuse

Now its a different story..... we want back our money because lost confident.

Posted by Yeowc Yeowc > 2018-04-07 07:41 | Report Abuse

In this current condition, it will be easier to nego in buying QA

Posted by Rio2814 > 2018-04-08 11:09 | Report Abuse

Yes. But no time to nego.

Posted by Lim Tek Wai > 2018-04-09 15:17 | Report Abuse

nego what? just buy !

Posted by Imsam > 2018-04-09 22:37 | Report Abuse

Forget about 9938 and EG.
Now we move here...Stock pick!

Posted by afandi > 2018-04-10 00:01 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/04/09/clock-is-ticking-for-red-sena/

Posted by Duitlai > 2018-04-11 12:26 | Report Abuse

Ahmad, deal announcement will push the price to the limit

Posted by Rio2814 > 2018-04-11 15:01 | Report Abuse

There is no deal.... This is reflected in the WA price.

Posted by Ahmadrazak > 2018-04-12 10:50 | Report Abuse

Rsena-w 4.5sen now !! I waiting good news from MUNCHY deal. Target price for warrant 10sen.

Posted by Duitlai > 2018-04-12 10:56 | Report Abuse

Price inching higher means good news coming , last call.................

Posted by Ahmadrazak > 2018-04-12 11:00 | Report Abuse

Got insider accumulate the warrant at price 2sen-5sen. They buy at cheap price before the asset acquisition.

Posted by kt888 88 > 2018-04-12 11:30 | Report Abuse

It would be good if can break 5c?

Posted by Ahmadrazak > 2018-04-12 11:40 | Report Abuse

I still remember another SPAC stock "Reach", Reach-wa price rise from lowest 2sen to highest 17sen after successful buying an assets. Will Rsena-w repeat the history of Reach-wa ?

Posted by kt888 88 > 2018-04-12 11:46 | Report Abuse

but the asset acquisition is not confirmed, right?

Posted by Ahmadrazak > 2018-04-12 11:52 | Report Abuse

When confirmed, u will no able to get at cheap price now. From the price movement, big player is buying.

Posted by kt888 88 > 2018-04-12 12:13 | Report Abuse

how come mother still 0 vol ??

Posted by Rio2814 > 2018-04-12 15:25 | Report Abuse

WA back to 3.5c hahahahahahaha

Posted by Fastrader > 2018-04-12 21:19 | Report Abuse

Buy

Posted by Rio2814 > 2018-04-13 08:26 | Report Abuse

Buy..... u must be crazy? Owner say no QA. Will return back the money.

Posted by Farin Parin > 2018-04-13 09:57 | Report Abuse

which statement he said??

Posted by Lim Tek Wai > 2018-04-13 10:07 | Report Abuse

This counter cannot play one.

Posted by Lim Tek Wai > 2018-04-13 10:10 | Report Abuse

pump and dump.

Posted by Rio2814 > 2018-04-13 11:19 | Report Abuse

During AGM. Ppl call them losers

Posted by supernova > 2018-04-13 11:33 | Report Abuse

omg, loser is better than cheater

Posted by Rio2814 > 2018-04-13 14:11 | Report Abuse

To me same only. They took directors fee and after 3 years than only realised its difficult to get QA. no plan at all.

Posted by TanChinku > 2018-04-13 15:39 | Report Abuse

Which is the final date ? the signing of the S&P or the approval date b4 3 years, can some one help..............

Posted by DK66 > 2018-04-13 15:51 | Report Abuse

completion of QA b4 3 years

Posted by TanChinku > 2018-04-13 15:58 | Report Abuse

What is the time frame between s&p to Egm for approval??

Posted by TanChinku > 2018-04-13 15:58 | Report Abuse

DK thank you.

Posted by jordanmaggie61 > 2018-04-13 16:01 | Report Abuse

Dun b too optimistic

Posted by Rio2814 > 2018-04-13 16:19 | Report Abuse

Not that easy. 1. Sign S&P. 2. Obtain approval from bursa. 3. Shareholder approval. Good luck.
WA from 8c to 4c. This is a indications.

Posted by LimKL1 > 2018-04-13 16:27 | Report Abuse

But yield