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.
1)
www.thesundaily.my/news/1819970
"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.
"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.
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 once the BBs finished accumulating, should see share price rocket.
Last edit: 6 years 9 months ago by min1xyz. Reason: shorten headline
Another possible reason for pushing the price down:
Keeping the share price low so that launching a privatisation will be cheaper.. say delist with offer of 40 cents representing a premium over last trade price rather than having to offer 50 cents if share price is trading higher.
Malaysia report on Atlan (Duty free international) parents. Long term prospect of duty free international is very good. Right now BBs pressing down the price for accumulation. Buy when share price is at it's lowest in recent years..
Malaysia side gives good review of Duty Free International (thru Atlan).. but Singapore side analyst gives not so positive reviews.. coupled with pressing down of share price for cheap accumulation ==> We follow the BBs in buying cheap
Malaysia side seems to give Atlan (Duty free International) buy calls while Singapore side analysts seems to be more conservative and share price being pressed down.
Think BBs collecting cheap... good idea to collect duty free international at this cheap price of 27-28 cents.
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