User Login Register Regain password
Email Username

JAKS-WB : Bullish investors to buy mother share

JAKS-WB, the new company warrant Jaks Resources Berhad (Jaks), made its debut at Bursa Malaysia on 20 December 2018 below its issue price of 25 sen.  The warrant opened at 17.5 sen and traded as low as 15 sen before making its recovery to close the first trading day at 21 sen.  JAKS-WB subsequently climber to 25.5 sen at the close of Christmas Eve. The mother share of Jaks, which was trading above 90 sen in early November, saw its price collapsed in the last few weeks and traded as low as 40.5 sen on 18 December before recovering somewhat to close at 50 sen on Christmas Eve.

EWINT-Wa is not overvalued theoretically

EcoWorld International Berhad share price fell to as low as its all time low of 70 sen on 18 December 2018 despite the company turning around and reported its maiden year of profit on 13 December.  EcoWorld International share price fell below 80 sen after the announcement of the latest financial result and the mother share ended trading on 18 December at 72 sen.  The company warrant (EWINT-WA) was last traded at 11.5 sen on that day.

To read the rest of the article, you must Login

 

 

GPACKET-WB – Undemanding valuation, worth a look

GPACKET-WB, the new company warrant of Green Packet Berhad, made its debut at Bursa Malaysia on 4 December 2018 and ended the first day of trading at 8.5 sen.  The warrant was given to the subscribers of the company’s recently completed rights issue.  Green Packet carried out a rights issue exercise at an issue price of 40 sen per share to raise around RM60 million based on one right share for every five shares held on entitlement date.  Subscriber of each right share was entitled to receive three free warrants.  As the rights issue was fully taken up after excess application, a total of RM150.20 million new shares and 450.61 million new warrants were issued.

Arbitrage Option as VS-WA nears expiry

The share price of V.S. Industry Berhad (VS) has been declining steadily since the beginning of the year after it reached a peak of RM2.62 in late January this year.  After the group released a disappointing third quarter results, which saw its net profit plunged by 58% compared with the third quarter of the previous financial year, VS share price hit a low of RM1.27 on 29 June before rebounding significantly to as high as RM1.80 in early October.  The share price has since then retreated to close at RM1.52 on 4 December 2018.

 

A mother share better than PRLEXUS-WA

When Prolexus Berhad completed its one for two rights issue in June 2016 at a rights issue price of RM1.00 per share, the share price of the company was above RM1.40.  However, the share price has been declining steadily for the most part of the last two and a half year, hitting a low of 55 sen in July this year before rebounding somewhat to 60 sen at the time of writing.  The company warrant PRLEXUS-WA, which came attached to the rights issue, plummeted from a high of 71 sen in May 2017 to as low as 13 sen recently before settling at 17.5 sen.

More Articles...

Subcategories

Page 9 of 63

Web Developed byGrifello