Presbhd - racing higher Part 5
Today is the highest rise in price in a single day, a staggering increase of 42 cents or 12.1%. Gained the 2nd spot on the Top Gainers chart as well.
It is a long overdue surge in price since the company announcement for bonus issue a month ago. It is a worthwhile wait indeed.
Monthly price movemnet since May 2013.
31/05/2013
|
1.77
|
|
30/06/2013
|
1.86
|
5.1 %
|
31/07/2013
|
2.12
|
14.0 %
|
30/08/2013
|
1.92
|
(9.4) %
|
30/09/2013
|
2.04
|
6.3 %
|
31/10/2013
|
2.32
|
13.7 %
|
30/11/2013
|
2.60
|
12.1 %
|
31/12/2013
|
2.88
|
10.8 %
|
30/01/2014
|
2.96
|
2.8 %
|
28/02/2014
|
3.30
|
11.5 %
|
31/03/2014 ? ?
Its price closed at RM3.89 on 24.03.2014.
hi,
ReplyDeletewhat do you think of the dsonic-CA by ambank?
will it bring negative impact?
CA or call warrant is proprietary instruments issued by a third-party issuer, namely an eligible broker or financial institution that give holders the right, but not the obligation, to buy or sell the underlying instrument in the future for a fixed price. Essentially, you are making a 'reservation' to buy or sell a pre-determined number of the underlying instrument at a certain price in the future when you invest in a call warrant. Also, you will notice the words "European style" which means
ReplyDeletethe ability to exercise that right on expiry date. For comparison, "American style" means the ability to exercise that right any time before or on expiry date
In other words, this CA has nothing to do with Dsonic company. If you are not familiar with the mechanic of it, it is best you do not touch it. I don't see any impact on the company itself because no new shares is issued.
Hi Unclez, I would like to ask for your strategy in top up a share to maximize your profit, do you mind to share? For example with the OCK price of 1.05~1.1, when do will you decide to top? For example, I bought it at 0.83 and right now it is hovering at that price and i'm thinking to top up for long term holding but if I buy a lot which will average up my price but of course it will be nice to hold if the future prospect is good
ReplyDeletethanks uncleZ for the explanation.
ReplyDeletedoes ambank require permission from dsonic before issuing this CA?
I am wondering how ambank going to make money from this CA if they does not have connection with the dsonic board.