Sunday, June 15, 2014

游击战:IRETEX-LR(二)

之前在IRETEX的债券白表格 (IRETEX-LR) 交易时,乘机投机 (偷鸡) 了一下,打了一场游击战。有兴趣的朋友可以参考之前小陈写的这篇文章:
游击战: IRETEX-LR  ß 点击这里

在发售债券的除权日后,IRETEX的股价就开始下跌,连续跌了好几天,导致股东欲认购债券的欲望不强,因为母股跌了好多,价格不太吸引。在IRETEX-LR开始交易的那5天里(19/523/5),母股IRETEX的交易价格却有逐渐上升的趋势,从RM0.555逐渐上升至RM0.64,价量齐升,见下图:


既然母股呈现上升趋势,价量齐升,照理来说IRETEX-LR应该很多人追捧才是。但事实却相反,IRETEX-LR的交易价格却逐渐下跌,最后一天的交易日竟然才报RM0.01罢了。小陈也乘机捞了一些,进行一场游击战。见下图,IRETEX-LR交易的5天价格图表:


有胆量以RM0.01购入IRETEX-LR的朋友们,请记得做好准备,明天就是IRETEX债权(IRETEX-LA)上市的日子。当然还有IRETEX的免费凭单(IRETEX-WA)。

如果当时你以RM0.01买入200,000IRETEX-LR,你的成本一共是多少呢?
1)以市场价购买IRETEX-LR的成本=RM0.01 x 200,000 = RM2,000
2)认购IRETEX-LR的成本=RM0.075 x 200,000 = RM 15,000
总共是RM2,000 + RM15,000 = RM17,000 >> 这是你的投机/偷鸡成本。

万万没想到,大股东的炒作能力这么强!上周五IRETEX竟然以RM0.77的价格闭市!盘中一度直逼RM0.80!这个价格已经是比除权日前的价格高出了好几档。有认购债券的股东们,明天应该都会好兴奋,可以一路笑到银行去了(laughing all the way to banks)

IRETEX闭市价RM0.77,明天上市的债券IRETEX-LA会以什么价格交易呢?

之前小陈的文章有提到这IRETEX-LA债券有两种转换方式。这里不多谈,直接看看这两组转换方式所带出的IRETEX-LA内在价值。

方式一:以8IRETEX-LA转换成一股IRETEX
直接用RM0.77 除于 8 = RM0.096,这就是IRETEX-LA的内在价值。

方式二:以1IRETEX-LARM0.525转换成一股IRETEX:
我们用RM0.77 – RM0.525 = RM0.245IRETEX-LA的内在价值竟然高达RM0.245???
RM0.075的价格认购IRETEX债券,短短几个星期竟然升值至每股价值RM0.245???
有影无?边有咁大只蛤乸隨街跳???

RM0.01购入IRETEX-LR,认购全部债权的权利,你的投机/偷鸡总成本为RM17,000。那目前的市值到底值多少呢?

假设IRETEX-LA以内在价格交易(但一般上都会折价交易),你目前手持200,000股的IRETEX-LA市价为:
200,000 x RM0.245 = RM49,000

别忘了你还有免费凭单。每认购8股债券获赠1股凭单!如果你认购200,000债券,那你明天手上会有25,000股凭单。凭单行使价为RM0.80,母股目前价位RM0.77,这只凭单至少以RM0.20交易吧~
25,000 x RM0.20 = RM5,000

什么?投机/偷鸡RM17,000,一个月内变RM49,000 + RM5,000???有影无?边有咁大只蛤乸隨街跳???”。

如果你当时买更多呢?500,000股?1,000,000股?2,000,000股?5,000,000股?疯了,你快疯了,一个月内几乎开超过2番了!!!

别高兴得太早,明天记得起个大早,看看IRETEX-LAIRETEX-WA上市的走势咯~ 或许有更多的惊喜等着你~ 惊喜?惊叹?惊讶?很难说~ 让你亏掉老本也说不定!

IDEAL Sun City要拜Dato Alex Ooi,那这IRETEX你需要拜Tey Por Yee, Ooi Kock AunTeh Eng Huat。太多人,很难拜,会分散注意力,呵呵~

您也许对以下这几篇文章有兴趣,欢迎点击阅读咯:
窥探IDEAL SUN CITY(一)

毅成机构 (IREKA),有利可图?!

如何不用资金也能持有上市公司的股份(二)?

游击战: IRETEX-LR

6 comments:

  1. Tan i still not understand can you call me 012-3093488 i really want to learn from you.

    ReplyDelete
    Replies
    1. Hi ACHIEVEMENT,

      I had added your WeChat. Please feel free to chat there, thanks.

      Delete
  2. how come didn't share out before news announcement? commission fee can be negotiated one

    ReplyDelete
  3. Hi Sifu, I'm newbie. Wanna ask the form that use to convert the share, where can I get it? What form is that? How to submit mad where to submit?

    ReplyDelete
    Replies
    1. Hi CC Lim,

      You may contact your remisier/dealer, they should be able to assist you.
      I'm using nominee account, so I just need to make a call, they will settle the rest for me, easier. Thanks.

      Delete