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hazard_koh wrote: Duty free international share price has been intentionally pressed down by BBs from my observation , assuming to accumulate at low price.
Time to load up the share and wait for fruits to bear.
"The sale and purchase agreement signed in March 17 2016 includes the disposal of a 10% equity interest plus one share - comprising an aggregate 20.99 million shares - in DFZ to Heinemann Asia Pacific for a consideration of RM90.22 million"
Heinemann bought the shares of duty free international at around $1 Euro per share translating to around $1.40 per share vs trading price of 27 cents currently.
Heinemann is a strong partner that will benefit duty free international greatly. The fact they are willing to pay $1.40 per share for duty free international is testimonial to it.
Duty free international has a few parcels of land that has appreciated over its book value and should they decide to dispose may result in extraordinary gain.
and last but not least
5) Duty free is trading at 52 weeks low assumingly with share price been pushed down for the BBs to accumulate. So risk is lower since share price is at 52 weeks low and 2) www.publicnow.com/view/49FBBBD1048B3F24A...:01:30+01:00-xxx6611
"RESTRICTED EXERCISE PERIOD OF BONUS WARRANTS
The Bonus Warrants are exercisable during the period commencing on and including the date six (6) months from the date of listing of the Bonus Warrants on the SGX-ST and expiring at 5.00 p.m. on the date immediately preceding the fifth (5th) anniversary of the date of issue of the Bonus Warrants"
Conversion of warrants to mother share only starts on 15 Nov (6 mths after listing of warrants), so expect BBs to push the price of mother shares up for warrants to be multi-bagger.
once the BBs finished accumulating, should see share price rocket.
|Best World Int.||1.540||0.050|
|Federal Int. (2000)||0.225||-0.015|
|Lian Beng Group||0.490||-|
|Trek 2000 Int.||0.114||-|
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