Revenue-wa: To lock in gains, go to warrants

Written by Editor

Revenue Group Berhad has been one of the best performers in Bursa Malaysia over the last one year.  The company was only listed on the Ace Market of Bursa Malaysia in the middle of July last year at an IPO price of 37 sen.  In slightly more than a year, initial subscribers of the company share would have more than tripled their money with half a warrant to spare.  Revenue Group gave its shareholders a bonus issue of warrants on the basis of one free warrant for every two shares held in January earlier this year.  At the close of trading on 23rd July 2019, the mother share and the warrant REVENUE-WA closed at RM1.68 sen and 70 sen respectively.

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