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 Stock market V23, New PM in the house

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zamans98
post Apr 14 2009, 02:25 PM

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QUOTE(sharesa @ Apr 14 2009, 12:07 PM)
Sapcres' profit until 2011 is almost guaranteed, if they can secure another project before 2011, is going to be a bonus to all Sapcres shareholders!
*
Sold my SAPCRES 3 weeks back @ 75c. now riding 100-110.. cry.gif
zamans98
post Apr 14 2009, 02:35 PM

oquıɐɹ ǝɥ ɹǝo 'ǝɹǝɥǝɯos
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Dun understand this market. Everywhere company showing losses, inventory goes south, commodity price plunged, property market dive. Japan key data show weakness from previous period, YET KLCI holding steady, up almost 70 points off low 5 weeks back.
zamans98
post Apr 14 2009, 03:10 PM

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QUOTE(mememe12 @ Apr 14 2009, 02:59 PM)
just wondering whether axiata can ride or not? thinking of riding it.. hmm.gif
*
speculations? most counter up without good data. Goreng in progress, been 2 straight weeks now

zamans98
post Apr 14 2009, 03:16 PM

oquıɐɹ ǝɥ ɹǝo 'ǝɹǝɥǝɯos
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QUOTE(Ranny @ Apr 14 2009, 03:11 PM)
i think today is the 3rd week liao
*
umm, about right. 11 trading days now..

arghhh - SAPCRES 111 now.
zamans98
post Apr 14 2009, 03:28 PM

oquıɐɹ ǝɥ ɹǝo 'ǝɹǝɥǝɯos
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anyone care to comment on SAAG?
zamans98
post Apr 14 2009, 03:33 PM

oquıɐɹ ǝɥ ɹǝo 'ǝɹǝɥǝɯos
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too late, dun understand bout J/Street.
zamans98
post Apr 14 2009, 04:26 PM

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finally, after long due, KNM break 50c
zamans98
post Apr 14 2009, 04:29 PM

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QUOTE(mo_meng @ Apr 14 2009, 04:27 PM)
WOW knm 0.5
congra abc .. next time if you saw this kind of counter let me know also k
*
big bulk buying @ 50c, 606K lots drool.gif
zamans98
post Apr 14 2009, 11:26 PM

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QUOTE(cherroy @ Apr 14 2009, 05:23 PM)
Its right is going to be listed tomorrow, which is massive with 5:4 ratio.

We might see huge volume on Axiata-OR tomorrow.
May be people throw ahead of it.
*
any idea what price AXIATA will be roughly tomorrow? 1.5?
zamans98
post Apr 14 2009, 11:40 PM

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anyone can estimate the opening price for AXIATA 2morow?

my 2cts says its 145-150?
zamans98
post Apr 14 2009, 11:49 PM

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QUOTE(lsmpro80 @ Apr 14 2009, 11:42 PM)
you got to be kidding me .. going down further ? looks like dying.. Is this company doing absolutely right?


Added on April 14, 2009, 11:43 pmas far as i know there is already a "jump off cliff" from 2.5 to 1.85... and tomorrow going to continue jump off again ? AdamG(any updates)
*
- Short term weakness could be expected given the recent 20%
uptick from the low as well as the larger than expected share issue;

- No official guidance on the time line from the current announcement but
based on recent telecon, management is looking for end 2Q09 for
closure.

- Renounceable rights on a 5:4 basis with an issuance of 4.7 billion new
shares. Post rights, total share outstanding to balloon to nearly 8.5 billion
shares versus 3.8 billion earlier;

Big volume, hard to move. Like Maybank post Right issues - drop a lot, no? 408 --> 3.86?
zamans98
post Apr 14 2009, 11:59 PM

oquıɐɹ ǝɥ ɹǝo 'ǝɹǝɥǝɯos
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Q'ed at :

1.45, 1.50, with hope for 10-15% discount from last trade, ie 1.77
zamans98
post Apr 15 2009, 12:20 AM

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QUOTE(whizzer @ Apr 15 2009, 12:10 AM)
i think we can't jump to the conclusion that all rights issues will respond this way.
*
giving the overall market sentiment is still weak, plus with help of DJIA, we can see RED. I'm picking up at low price, and averaging all the way if reverse trend happens.


Added on April 15, 2009, 12:23 am
QUOTE(lklatmy @ Apr 15 2009, 12:20 AM)
The reference price tomorrow for Axiata will be 1.77,viz today's closing price.

The reference price tomorrow for Axiata OR will be 1.77 less 1.12,viz 65 sen.

But I believe both will be trading at a lower price due to selling pressure on the first day listing of the OR.
*
so, based on your best guess/estimate, what will be the price for tom?

AXIATA-OR will be around 58-62
AXIATA will be around 145-160?

This post has been edited by zamans98: Apr 15 2009, 12:23 AM
zamans98
post Apr 15 2009, 11:12 AM

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QUOTE(elhh82 @ Apr 15 2009, 11:08 AM)
when the rights expire, you have to pay RM1.12 for every right you hold. To get the mother share.
*
LYN server down, haih

Then its better to buy MOTHERSHARE now? 175
zamans98
post Apr 15 2009, 11:16 AM

oquıɐɹ ǝɥ ɹǝo 'ǝɹǝɥǝɯos
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6888 strategy

Mother 1.76
Daughter 0.59
so, 0.59+1.12 = 1.71?
zamans98
post Apr 15 2009, 11:19 AM

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QUOTE(mo_meng @ Apr 15 2009, 11:18 AM)
knm still chiong strong
*
was 0.49 this morning, I Q but didnt get. Haih.. SAMPAN KU TERLEPAS..
zamans98
post Apr 15 2009, 11:26 AM

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QUOTE(whizzer @ Apr 15 2009, 11:23 AM)
I think the pricing is a moving target dependent on the movement of the mothershare. However, if you buy the OR at 0.59 then suddenly the mothershare drop below 1.71 ?  The OR seems to play like a warrant. Have to consider the leverage factor.
*
yes, well understood the situation. That's why I prefer to get mother than daughter share.

Q @ 1.70 - 100 lots. Let see if its hitting that low for today.
zamans98
post Apr 15 2009, 11:39 AM

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QUOTE(elhh82 @ Apr 15 2009, 11:33 AM)
the 5 to 4 is applied to how many rights you will get, if you are holding Axiata shares before the ex-date on 10 Apr. U get 5 OR for 4 mother.

I think since there is no mention of any conversion ratio. We can assume that, when you are holding the OR, you will be able to buy 1 Axiata share at RM1.12 for each OR you hold.
*
or if you do not hold anything yet prior to today, the following is correct :

Buy OR say now at 0.58, add another 1.12 (plus fees) to convert to mothershare.


Added on April 15, 2009, 11:40 am
QUOTE(mememe12 @ Apr 15 2009, 11:38 AM)
but then why ppl buying axiata yesterday if mothershare price confirm drop after intro of OR?
*
speculative my fren. Always can average down ma.

This post has been edited by zamans98: Apr 15 2009, 11:40 AM
zamans98
post Apr 15 2009, 12:38 PM

oquıɐɹ ǝɥ ɹǝo 'ǝɹǝɥǝɯos
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wei, some english please, what is Sai Lang? Duh!
zamans98
post Apr 15 2009, 01:39 PM

oquıɐɹ ǝɥ ɹǝo 'ǝɹǝɥǝɯos
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QUOTE(htt @ Apr 15 2009, 01:06 PM)
sai lang is shit man in Hokkien... haha...
*
Owh, its in Cantonese. I thought what All shit man.. hahahar. rclxub.gif

Its ALL IN..

Thanks guys for d clarification.. tongue.gif

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