s-chip...hahahaa...anyone has a view on this stock? PE too low at 3X. after minus-ing off the net cash of S$36 million, PE is only 1.5X. interestingly, they issued bonus warrants with an exercise price of 30 cents a few month ago. Can the stock rise beyond 30 cents in 3 years before the warrants expire? the management must be confident about it.....
A few months ago, China Eratat issued bonus warrants (similar to what Best World has done just recently). The Exercise Price of S$0.30 for each Eratat Warrant .... It seems a long way to go from 13.5 cents stock price currently. But at the time of the fixing of the warrant strike price , 30 cents represented only a premium of approximately 20% to the closing price of S$0.25 per Share on the Official List of the Singapore Exchange Securities Trading Limited (ââ¬ÅSGX-STââ¬Â) on 10 November 2009, being the last full market day prior to this announcement.