FAJAR (7047) Overview - FAJARBARU BUILDER GRP BHD

Waooo... the OR is now at 34 sen to 35 sen, beyond expectation. The mother shares are now at 39 sen. So either the mother shares to go up or the OR to go down. Added subscription price 10 sen to the OR, the new rights mother shares to be at 44 to 45 sen, above the price of the present mother shares. This only to be realised if the present mother shares move up to that price comes listing day of the new rights shares. If not then those who bought the OR at that price and subscribe to the rights are going to make loss. Guess the OR will drop back to 29 sen or 30 sen or further below.

2021-09-24 11:41

lcng123

NKL, you didn't consider the free warrant given to the right issue subscription. It's price may above 10sen after listing

2021-09-24 17:22

With the exercise price of the warrants at 43 sen and the mother shares stay at 40 sen, what price would be the warrants,? Actually out of money. But in many cases the warrants were traded very much higher than its break-even value. I guess the warrants may open at least 10 sen

2021-09-24 20:33

Mr.Sm Invest123

https://tiih.online/

2021-09-25 00:50

Hi @NKLpunya, the Black-scholes options model suggests that the warrants would be worth about 10 sen. This is a 5-year warrant, and as such, the time value of money of the warrants are very valuable.

2021-09-26 21:15

Hi all, please do read my article on i3, which i posted last night. My personal view is that you buy the OR and go through the whole process of conversion to receive the free warrant. The warrants are very very valuable. But I understand that not all of you are familiar with the subscription of a rights issue, in which case you can just buy the mother share at 39 sen. The upside will be a lot less of course, as you will not benefit from the free warrant, but I believe the returns will still be very attractive

2021-09-26 21:19

Hi @yungu, yes you can use Bursaanywhere, which is a platform that i personally use myself. But the only restriction is that each transaction is limited to RM30,000. So if you are buying a large rights issue, then you have to do it a few times on the Bursaanywhere platform. But yes, it does save you a lot of hassle from going to the bank/post office

2021-09-26 21:24

Hi @lcng123, you are indeed a very smart cookie. I believe that the current OR price is mispricing the actual value of the warrants, whe it lists. I suggest you buy more OR to take advantage of this price anomaly.

2021-09-26 21:29

Hi @yungu, you need to pay before Oct 8.

2021-09-26 21:31

Hi @YiDuiXianJiaRen, please do read my article, and go through with the subscription of the rights issue. If you had sold your shares already, you can still benefit by buying the OR and then subscribe for the rights shares and receive the free warrant.

If you find that a hassle, then you could still buy the mother share now at 39 sen.

2021-09-26 21:33

Hi Axcapital, thanks for your info. Agree with you the warrants be traded at 10 sen or above on listing day. But if we calculate by the way of logic, warrants exercise price 43 sen, if the warrants to be traded at 10 sen and the mother shares stay at 40 sen then to convert a warrant to a new mother share = 10 + 43 = 53 sen. So it's more worth to buy the mother share at 40 sen.
Yes you are right, over the 5 years period the value of warrants may appreaciate and this only possible when the value of the mother shares appreciated and this is been predicted by many. Even some compared it with the exercise of TAFI, which didn't offer free warrants.

2021-09-26 23:34

Youngkid

Ayaya! warrants is actually a sweetener akin to toilet papers

2021-09-27 08:46

Youngkid

Properties now doom due to C-19

2021-09-27 08:47

Youngkid

C-19 is not going to end in 2 to 3 yrs according to expert. Best strategy buy Gloves counters as its aldy dropped 78% from peak. Now selling at lelong price

2021-09-27 08:52

gomyinv

I saw several call to buy glove stocks,everytime there is a ask to buy, it just keeps dropping. A "buy call" trap ??

2021-09-27 14:01

People may go back to their old habits when the world is opening up though with new normal then there's no panic or urgency to use glove or mask. Have to wait for another pandermic to see glove counters to make miracle gain.

2021-09-27 16:07

wait until 0.37 ,gonna collect again .
big shark kutip this stock at 0.385 last week ,
freewarrant bila akan listing ?

2021-10-04 18:25

blackchicken

Oka corporation

2021-10-18 11:35

Skylight8

tp 0.50 coming

2021-10-18 15:35

anzo888

Warrant will fly....

2021-10-26 16:56

ya ,fly ,gonna collect this shxx when it is 37 sen or below

2021-10-28 23:04

DAMN ,SO CLOSE TO 0.37

2021-11-02 17:07

AbsurdTrump

Does anyone have a target price for this stock? TIA

2021-11-03 12:35

imvu

fajar-wc 0.120 bulan depan jutawan :)

2021-11-08 11:08

first target price 0.39 second 0.4 , buy call 0.375 or lower , gain 4% or 6 % profit , cut loss under 0.35 , loss 7%
source : https://klse.i3investor.com/blogs/AmInvestResearch/2021-11-18-story-h1593899807-Stocks_on_Radar_Fajarbaru_Builder_Group_7047.jsp

2021-11-18 12:21

ming

Got chance bo? MCA 零的突破 xD

2021-11-22 00:30

inOutinOut

sikit-sikit lama-lama jadi bukit

2022-04-07 08:54

coming

2022-04-07 21:48

next quarter report will be very good.

2022-04-07 22:38

Noni

Buy also wont tell everyone lah

2022-04-13 04:45

JackMa007

Huhu

2022-08-01 23:14

watch out !!!

2022-11-28 18:36

uptrend

2022-12-01 17:02

bojed

Overhead weekly resistance is around 0.300.

The daily price is knocking on 0.300.

From the chart, it looks like it might go down to test support first but I might be wrong though. Tayor.

2023-02-12 18:14

berfikir

watch this stock....anytime will fly

2023-02-17 10:11

lcng123

New construction project in Penang

2023-04-10 09:35

azreen27

qr positive why price not move??

2023-05-30 12:44

fasten your seat belts !!!

2 months ago

speakup

Already said our bursa has recently become a Casino. Only speculative Casino stocks like Fajar, Redtone, Volcano can up while Blue Chips all down

2 months ago

ahbah

Where got our bursa become a casino ?

Our bursa is falling, burning all our hard earn moni onli !!!

2 months ago

OTHERS FAJARBARU BUILDER GROUP BHD ("FBG" OR "THE COMPANY") MEMORANDUM OF UNDERSTANDING BETWEEN FAJARBARU BUILDER SDN BHD AND PENANG DEVELOPMENT CORPORATION
FAJARBARU BUILDER GROUP BHD

Type Announcement
Subject OTHERS
Description FAJARBARU BUILDER GROUP BHD ("FBG" OR "THE COMPANY")

MEMORANDUM OF UNDERSTANDING BETWEEN FAJARBARU BUILDER SDN BHD AND PENANG DEVELOPMENT CORPORATION
The Board of Directors of Fajarbaru Builder Group Bhd (“FBG” or “the Company”) wishes to announce that Fajarbaru Builder Sdn Bhd (“FBSB”), a wholly-owned subsidiary of FBG has on 27 June 2023 entered into a Memorandum of Understanding (“MOU”) with Penang Development Corporation (“PDC”) to explore all possible opportunities to develop approximately 230 acres of land located in Bandar Cassia, Mukim 13, Batu Kawan, Seberang Perai Selatan, Pulau Pinang (“Proposed Land”) for the development of a medical hub.
Further details on the MOU are set out in the attachment.
This announcement is dated 27 June 2023.

Please refer attachment below.

Attachments
FBG - MOU.pdf
279.8 kB

2 months ago

fly me to the moooon

2 months ago