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 Sunway, Why you must buy Sunway/SunwayCity now!!

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GregPG01
post Sep 10 2011, 11:05 AM

Look at all my stars!!
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From the old SUNWAY and SUNCITY holders...

What it means (for holders of every 1,000 shares)
Sunway City (i) RM1,020 cash, (ii) 1,457 Sunway Berhad shares, (iii) 291 Sunway Berhad warrants

Sunway Holdings (ii) RM520 cash, (ii) 743 Sunway Berhad shares, (iii) 149 Sunway Berhad warrants

sunway last traded 2.21 while sunway-wa last traded 0.53
1020 + (1457 * 2.21) + (291 * 0.53) = 4394.20 or ~ RM4.39 from the old SUNCITY
520 + (743 * 2.21) + (149 * 0.53) = 2241.000000 or ~ RM2.24 from the old SUNWAY

And I think if you check the old charts , this 4.4x and 2.2x was strong support levels for both SUNCITY / SUNWAY months earlier.

This post has been edited by GregPG01: Sep 10 2011, 11:06 AM

 

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