Monday, December 24, 2012

Ho Ho Ho Merry Christmas 2012 !!!



1. UCHITEC - Sold all at RM1.19. ^^ Christmas present. ^^

2. WCT-WB - Continue to have wider discount. ^^ Good sign ? Hope to get my conversion soon, not sure by then getting the WCT, it end up closing below my cost. :p

3. Watch List - WCT-WB, KULIM-WC, MBFHLDG, OSKPROP

4. Merry Christmas All.

5. Good Luck.

30 comments:

Teng said...

Horse

Congraz on your Uchitech.Still holding mine bought last year and again this year ( forgot when but at 1.12-1.15)

OSKProperty has been buying back share about 2 weeks already

No trading for me today. Enjoying my holiday at Universal Studio Spore. Very crowded. Good time to buy Gen Spore at current price of SGD1.3+

hng said...

Merry Christmas & Happy New Year :D)

Teng said...

I like to take this opportunity to wish all forumers Merry Xmas and Happy New Year

horse said...

Merry Christmas hng & Teng. ^^

Teng, happy holiday @ Genting SP.^^
Enjoy yourself.

horse said...

I joined in the Kulim-wc club at 1.02 very small sum. ^^

Let's huat. ^^

hng said...

horse

Welcome to Kulim-WC club. There is very high chance kulim will surpass above RM 5.00 in these week, especially if kulim can announce its special dividend 90sen.

Kulim-WC have two option, either opt for conversion at 3.85 to enjoy special dividend or do nothing await for adjustment in exercise price which will lead to increase in warrant price to close gap like what happen in WCT and WCT-WB

Teng said...

Horse

You still hold any OSKProperty?I sold my last batch at 98.5

horse said...

hng,

Thanks for that Kulim infor. Hope we huat together, which we always do. ^^

Teng, yes, i am still keeping OSKProp, just sold some at 1.03. ^^

horse said...

hng,

If KULIM-WC opt to readjust the exercise price from current 3.85 - 0.90(SD) to 2.95. With current WC price at 1.02, it may end up the same as at now compare to the underlying stock with almost zero premium. Hope underlying stock can surge high with the impending good news. ^^

horse said...

See how WCT is moving !! Hope WB can follow closing the gap. ^^

Teng said...

Horse

Congratz on holding on to OSKProperty.If share buyback continue,it may continue uptrend

hng said...

horse

According to Deed and Poll of Kulim-WC, the adjustment in exercise is as follow

[(C-special dividend) / C] x exercise price

C = 5 days volume weight average price, assuming 4.85

Adjusted exercise price = [(4.85-0.9)/ 4.85] x 3.85 = 3.13

horse said...

If that 5 days VWA is high, then no advantage to WC. Because when underlying stock ex, WC become premium stock. Hope KULIM can really surge.

hng said...

horse

Actually no much different, lets assume kulim trade at 4.70-4.90; the adjusted exercise price will range between 3.11-3.14

hng said...

Sold off all Star at 2.60, YTL Power at 1.52, realize transaction cost loss to normalize portfolio position

horse said...

Assuming 3.13.
Underlying at 4.85 - 0.90 = 3.95 (ex)

WC is 1.02.

3.13 + 1.02 = 4.15, it seem disadvantage to WC. :(

horse said...

SOld more oskprop at 1.03. ^^

hng said...

horse

I think once Kulim declare special dividend, it share should be able to trade above RM 5.00 at least

cheeheng said...

hng

yeah,i think so too. Lets assume Kulim close at 5.20 just b4 ex date,5.20-0.90= 4.30. Then WC would trade at a discount right?

ck5354 said...

Just called Symphony share registrar.

My wct-wb conversion already with bursa. I can get my wct mother early next week.

Horse or any other members, You may call this guy to follow up.

Mr Azman - +603-7841 8000, ext 7023

You just need the CDS account number for them to check.

horse said...

Thanks CK.

Will check out my one and see. ^^

Teng said...

Hng

You are entitled to 0.9sens of YTLPower sold today. So you should break even for your YTLPower

horse said...

CK,

I called and checked, that guy told me next week as well. ^^

ck5354 said...

You senang, when I called them they pass me to this and that. Almost 5 person and repeat 5 times only get to the right person.

caryn said...

AMEDIA has gone ex-all why is it the historical high not adjusted?

ck5354 said...

this is share market loh.

Illogical.

I expect 23 cents. Ha ha ha

horse said...

Thanks to your effort. ^^

hng said...

horse

Yes, should be breakeven on YTL Power if entitle for dividend, but somehow the price have no adjust for dividend ex? that why i also bit confused!?

ck5354 said...

No problem horse.

If the price of wct maintain.

I will convert many times.

He he he.

Each time cost involve:
Cash cheque - RM 2.15
Pos express - RM 3.50
Symphony registrar - RM 10.00

caryn said...

ck5354,

AMEDIA was ex at 0.235. too many new scripts flooding so under selling pressure to b4 at 0.205 now.

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