Asiatic    Last:0.003   -

Asiatic

First time I witness rights trading almost double mother share price...

Is this good or bad if I am buying mother share now? 

 

Trading at higher price than mother shares due to intrinsic value of warrant - ie. 2 years expiry at low exercise price of 1.75 cents per share.

Longer term investors should exercise the rights and reap the full benefits.

Share price will be stable and gradually move up after rights issue.

 

rights trading today

 

 

CDP will send you the confirmed rights share allocation prospectus after last day of rights trading. The procedure is the same - go ATM or cashier order.

To be entitled to the two free warrants, the condition is to exercise the rights share . Those who sell their rights share will not be entitled to the free warrants.

The free warrants will be credited in your CDP and you can exercise into mother shares anytime within 2 years of the validity period.

 

I have a question. When the rights start trading and I buy the rights from the market, what is the procedure to   exercise them. Also, will buying the rights from the market and exercising them entitle me to the free warrants also? Thanks

 

good call smar ttrader

 

Fair price based on substantial investors' interest in share placements to Brian & Tracy Chang, Bobby Lim and Bernard Lim. These investors come onboard basing on their assessments of the business. Their followers will come onboard sooner than later.

6.5 cts is support - may go higher if there is more corporate actions.

 

why 0.065? 

smartrader      ( Date: 03-Sep-2013 14:01) Posted: Will gap up to 6.5 cts after listing of new shares.

 

Will gap up to 6.5 cts after listing of new shares.

 

Will this be the same as we ? Cos after their rights cum warrant issued the price drop half. Initially I still thought its split share. Anybody can enlighten ?

 

In my opinion, short term range until rights over should be between 0.05 to 0.059.

 

Only one short seller on 29 Aug.

Date Currency Volume Value Average Volume %
29 Aug - Thu SGD 95,000 5,305 0.0558 0.45%
22 Aug - Thu SGD 1,017,000 142,305 0.1399 2.64%
21 Aug - Wed SGD 51,000 6,630 0.1300 1.03%
19 Aug - Mon SGD 20,000 2,540 0.1270 1.36%
Average = Value/Volume Volume % = % of Day Volume

 

It will recover cos' most traders have flipped for quick profits. Rights holder will not anyhow dump their entitlements that come with free warrants.

Company financial will improve after injection of interest free capital from shareholders.

 

Price recovering?

 

The company will be re-capitalised with $26 mil if all right and warrants are exercised. So the share price will have to go up rather than come down . This is my view,

 

This also made me think of coming CGX relisting  play after it got suspended. With their warrant play n re-paint their company  looking very rosy and players may also think so...me think other wise.

 

Thk Qs very much smartrader,

For further sharing ur thot and oso posting...no doubt, mid to long term is still in +ve good hands.

teeth53      ( Date: 31-Aug-2013 08:59) Posted: So first day trading after it went Ex-Right, is  really is profiting for players to go into heavy distribution and on 2nd trading day too. Info is ONLY for sharing and for short term trading, just promoting stk / shr trading interest in SJ forum. Thk also to smartrader  for also sharing info, can further elaborate how it arrive at 2.3 cents?, thk thk in advance. teeth53      ( Date: 29-Aug-2013 09:13) Posted: 5.6 cents to 5.5 cents...current trading. Heavy distribution and profiting@0.058c/0.59c

 

Why I don like warrant  / shr  conversion?.

Each time when come to converting warrant to mother shr, and it may involve several hundred of thousand of dollars.

For simply reason, BBs pay up  the cheaper the better, pay less cash up front. ONLY after all the conversion is over, then...is ok. 

teeth53      ( Date: 29-Aug-2013 09:25) Posted: I don like shr conversion,  when is  time for  shr is to be convert, (sure way for BBs  and is  better to convert at cheapers rate.)

 

On short term trading. when mkt for " New shr@0.035c coming on board. (Old mother shr + " New shr" )

How will mkt  players reaction? from those who benefit and those who don...

teeth53 thot - Will prices will re-adjusted again..???. 

teeth53      ( Date: 31-Aug-2013 09:09) Posted: On short term trading, players is somewhat value Asiatic just at about 53 for a start and for  quick profiting  trading. Hope, technically how it arrive at 2.3c. thk (kam sia). teeth53      ( Date: 29-Aug-2013 09:01) Posted: Company went XR. Opening price 0.053cents...Happi speculating.

 

Right to mentioned so for those who share holders  has benefit from this exercise, those not will it think it that way. So at last closing of 0.052c, share over certain time will climb back to 6.5c (think it is high likely), mean while in between now and warrant run out of date, plus " new share" set at 0.035c.

With " new share" coming on board " New share" - 0.035c, the entry new price maybe,  likely  set  lower.

Can any kind folk correct my thot, if I'm wrong. please do. (kam sia)

 

smartrader      ( Date: 31-Aug-2013 12:54) Posted: Take reference from 6.5 cents per share during placement exercise - this is price the substantial shareholders think it is worth investing in the company future growth. Allowing them to double their holding at 3.5 cents per share via rights issues with free warrants have even lower their entry price per share. Therefore, the share price has to climb back to at least 6.5 cts after rights issue exercise. But It could go higher and higher as these substantial shareholders think the company can go further - the very reason why they put their monies into the company at 6.5 cts per share.