After a few months of lull, the company bought back 1.98 million shares last Friday at $0.7168/share. Seems like a positive sign ahead of its next set of results. Anyone knows much abt this babe????
The warrant has done well in the past two or three trading sessions, up from 21 to 24 cts now. The warrant is at a discount to the mother. Exercise price is 40 cents. Add the 24 and you get 64. Mother is doing 73 cents. However, note that the warrants cannot be exercised yet until they approach maturity - sometime in November 2010. Good luck...
Company announced that they are doing TDR. This is really interesting. A Singapore oil & gas company that feels that Singapore investors don't recognise its value and want to go Taiwan for better valuations. Singapore Stock Exchange, you lose face la...
10 cents dividend coming. alredy announced. waiting for cum-dividend. I think it wont be so soon as the company prob wants the price to be supported until the warrants are exercised in November. Gv out dividned too early and the stock price will jump and then go ex-dividend without any benefit to the warrant holders.
Agree that warrant carries more value, mainly because of the leverage it offers. Every 1 cent up in the mother (83 cents now) leads to 1 cent up in the warrant (33 cent), so of course the leverage is much appreciated.
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