Friday, July 27, 2012

Continue to Bang on YTLP-WB !?



1. YTLP-WB - Sold them all at 0.605 and bought it back at 0.595 and 0.585 respectively in 2 batches. Keep banging on YTLP-WB, hope to gain most of it. Hopefully i am not wrong. :p

2. MSM-CA - MM plays dirty again, block huge volume at 5.10 last minute. This act make MSM-CA settlement value in limbo. :( Might not be able to make money this time round. :( Hope for the best on next Monday, the judgement day.

3. OSKPROP - Bought in 2 batches at 1.28 & 1.29. Ex-date will be on next Monday.

4. GOLDEN AGRI - Have sold all my Golden Agri at S$0.755 the other day. :)

5. GENTING SP - Bought in GSP at S$1.23 today. I think it is low enough for me to buy in now.

6. Dow Jones seem ok. :)

7. Good luck all.

52 comments:

Teng said...

Horse

Sure MSM-CA is being manipulated.Before start of counting 5 day price,MSM was 5.19-5.20.

When can we buy Spore stocks using Bursa platform?I thought it start in June

horse said...

MSM-CA left Monday to count i think very unlikely to make money. Hope for the best. :(

CIMB has the platform for that.

Teng said...

Horse

If monday MSM close at 5.1,settlement is .1276,which you are not losing money. I will place buy order for MSM at 5.05-5.10 at 4.45pm and see any chance I can get MSM at discount

hng said...

Bought ex-right OSK property at 1.00

hng said...

Selling Homeritz at 32.5sen, realize paper and contra gain

hng said...

Sold off all Hapseng at 1.75, almost breakeven after take into account 4.5sen dividend, free up margin line.

Teng said...

Hng

Haha. I also sold Hapseng at 1.75.I had been queuing at 1.75 last few trading days.I bought at 1.77 cum dividen.Small profit

Teng said...

Bought YTLPower-WB at 58.5cents

Teng said...

Bought Maxis at 6.35

hng said...

Selling WTK at 1.20, realize contra gain first

hng said...

Sold off all WTK, all at 1.20, realize both contra and paper profit

Maria^^ said...

hey guys!! i nit to ask what happened to oskprop? i bought some at 1.29 but today it dropped 30 cents!! wad happen i nit to sell it out back T.T what is d right issue about

hng said...

Teng

T think you got your MSM at 5.05 now

Maria^^ said...

can some1 pls explain to me T.T i nit to clear mine before t+3 here T.T

hng said...

Maria

OSK property current price is adjusted for its right + bonus + warrant. Share has adjusted more than ex-theoretical is norm for stock undergo corporate exercise. The most was Tambun, which also under selling pressure after the ex-right to as low as 50.5sen, but since then, share price has stabilized and rebound back to above 60sen now. Shareholder need wait for few weeks in order for share price to be stabilized

hng said...

Maria

What is your T.T meaning ?

Maria^^ said...

omg few weeks?!!! im dead den.. i nit clearout by wednesday cos im using maybank smf 2 zzzzzzzzzzzzz im deadddd

hng said...

Maria

What i mean is that OSK property price will be stabilize once all its warrant, right and bonus share are listed.

No worry, these is fair market. The OSK property-OR will be listed in 3 days time, you can opt to sell you already entitle -OR, which is worth at least 2.20-3.00, to recoup your capital back

Maria^^ said...

hey do u have facebook? i nit to ask in more detail =( means by when i can sell it out back?

Maria^^ said...

or any hotmail? =(

ck5354 said...

I think horse should put a disclaimer that they should understand BUY at OWN RISK.

Just a simple suggestion.

Maria^^ said...

noo im not blaming any1 -.- i just dont know that a right issue is coming as ive not been dealing wit it since forever. I duno how it works whats OR i aso duno -.- any kind soul cn explain abit in detail?

hng said...

Maria

Please don't panic!? The OSK property OR will be listed on Thursday, 2/8, by then you can sell your -OR back to recoup your capital. The OR will be ease of trading on 9 Aug.

If you need to force selling before that, you can sell your current OSK share first and later -OR. In the end, you may either loss few sen, breakeven or even gain profit depending on upcoming -OR listing price, which carry value of at range between RM 2.20-3.00

ck5354 said...

Right issue is a form for you to buy the share. Normally it will have a period of time to trade.

After that you need to pay money to get the share.

In Oskproperty, you need to pay RM 1.

proposal:
1) A renounceable one-for-10 rights issue
2) Free Three warrants for each rights share subscribed to
3) Bonus two new OSK Property shares for every one rights share subscribed to



Plus you get free warrants.

Refer here:
http://wealth-trade.blogspot.com/2012/07/theoretical-ex-price-for-oskprop.html

OSKPROP (10) = RM1.30 * 10 = RM13
Right (OR) (1) = RM1
Free Warrant (3) = 0
BI (2) = 0

Estimated Theoretical Ex-Right Price (10) = (13+1)/13 = RM1.077
Estimated Theoretical Right (3+3) = (3.23 - 1.00) = RM2.23 (*Did not factor Warrants in, if one were to estimate 20% warrant price of the Theoretical Ex-Right Price, it would be around 21sen, that would mean estimated 21 * 3 = 63sen extra)

hng said...

Maria

The -OR mean the right to subscribe the right share. It offer opportunity to investor whom no want to go through the whole fund raising exercise to subscribe right share and yet entitle its right to sell back to market.

Maria^^ said...

Means i wil get d OR by thurs? How many OR cn get if i got 15000 share. Sry for ranting :( they will auto credit into my acc?

hng said...

Maria

If you have 15,000, you will entitle 1.500 of OSK property-OR. The OR will be listed by Thursday for 7 days and within this period the OR will be trade same as all others share transaction, buy or sell will be credited as normal procedure

Teng said...

Hng

I am not queuing for MSM.Will queue at 4.45. At current price,I may queue at price lower than 5.05

Maria^^ said...

Oo okay means by thu i will get my OR credited into my acc rite? And i buy or sell osk ord shares nw wun affect anythinh rite? Thx alot for d info

Teng said...

Maria

As explained by Hng,it is normal for share traded lower during right issue exercise.If you calculate your cost and current value,you are not losing much.Your cost RM19,350( 15,000x1.29) and current value is about RM15000( OSKProp share ex)+RM3,750( assuming OR trade at 2.50)=RM18,750

I will buy OR at <RM2.50( providede global market does not crash when OR start trading)

Maria^^ said...

Ok understood. So they wil credit the OR to my acc rite? Sry im kinda newbie when it comes to derivatives thats why wana learn. 1 more ques. For call warants i dont have to exercise it right? Like d msm ca u guys talking about if the mother share nw is below d total exercise price so the warants that people bought is useless now?

alwayswin111 said...

Maria
I must say you are one lucky lady to stumble on this blog.
The people here are very supportive and helpful.
That is why even when I don't play , I get pleasure simply by seeing them laugh all the way to the bank.
Keep up the spirit , you guys.

Maria^^ said...

Yes i am very lucky that i found this blog everybody is so helpful here. Cn any1 clarify my previous questions ? :) i gained much knowledge thru here

hng said...

Maria

Q and A


1. Oo okay means by thu i will get my OR credited into my acc rite?

YES

2. i buy or sell osk ord shares nw wun affect anythinh rite?

YES

3. For call warants i dont have to exercise it right?

YES, call warrant is 3rnd party issuer, exercise is via cash settlement. Call warrant do nothing upon expire.

Maria^^ said...

Ok hng thx for ur clarification. Thanks alot to the others thxxxxxxxxx

Teng said...

Hng

OSKProp-OR-At what price you will buy OR?and at what price you will sell?

I travel on wed and thursday.will miss OR trading on thursday

<2.50 I buy. >3.20 may sell

hng said...

Teng

I will buy OSK Property-OR anything below 2.60, off course the lower the better.

On the other hand, i will sell OR if the price above 2.90, again the higher the better

Teng said...

Hng

Your range is good.

Congrat on your Homeritz.

hng said...

Maria

Forgot to answer your last question.

Q1. Like d msm ca u guys talking about if the mother share nw is below d total exercise price so the warants that people bought is useless now?

YES, depending on final calculation that take into account today closing price, warrant holder could either received its capital + different price, or risk of getting nothing back.

It is extreme risk derivative, call warrant holder can either profiting 0.5-1sen or risk of losing total 12.5sen capital.

Teng said...

Hng/Maria

5-day averaging price used to be volume weighted,ie using average daily price.But now,most issuers are using closing price,and is very easily manipulated.This was reported in The Star before

hng said...

Teng


The main purpose to issue call warrant are to allow investment bank profiting out of nothing. There have already profit the first day of listing based on issue price, and manipulated in the last day in order no to repay some back, sometime even the 20-50% of their initiate issue price to warrant holder. They wan to profit everything and the process repeat again by issue another new call warrant....

Teng said...

I wonder who are the buyers when investment banks offer call warrants with 15-20% premium?

hng said...

Teng

When investment bank intend to offer new call warrant to market, the market maker (investment itself) already have buy in some that particular stock in order to create support. The offer for sale (e.g. 25sen) of its new call warrant initially will be issue at small portion of its entire unit to either to their own client or person well connected

Due to small initial release unit, the demand easily start to pick up by these so-called client, right hand sell to left hand, pushing up call warrant price, get noticeably by retail investor whom then jump these bandwagon, slowly and surely, only then investment bank gradually release all available unit to market, selling at even higher of their original plan price.

Teng said...

Hng

Thanks.I thought like IPO,CWs must be fully sold /subsribed before listed/traded

ck5354 said...

what is cooking behing CENBOND???

Teng said...

CK

wow,CENBOND up 15% in active trading

hng said...

Bought MSM at 5.03

Teng said...

Hng/Horse

My queue for MSM at 5.00 not matched.It closed at 5.03 and don't think can get 5.03 now

Bought moreYTLPower-WB at 58cts and Maxis at 6.30 earlier

ck5354 said...

investment bank very busuk.

Press down MSM again last minute.

How can they do like that???

Not fair.

Teng said...

Hng

I think you compete with me for MSM at 5.03. I cancelled my queue at 5.00,and before I entered to buy 5.03,it was gone

hng said...

Teng

I join the large pool of buyer at 5.03 for large sum seller at bidding time, but later i revise upward to 5.04, so totally match at 5.03.

hng said...

ck5354

This is investment edge, closely calculated to purposely reached final settlement price of 12.48sen. In other word, investment bank pay nothing to all call warrant.....

Related Posts with Thumbnails