Special Situation stocks

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21 Jul 2017 11:33 #23914 by pine
pine replied the topic: Special Situation stocks
This is a classic, value play which has been re-rated by the market to 55.5 cents currently. I won't be surprised if it continues on to 70 cents

pine wrote: NAV of HG Metal about $111 m.
Now trading at market cap of about $61 m based on share price of 48 cents. .

Big discount to NAV, even after a 55% upward move in the year to date.!

No wonder fund manager had a lot to say: www.nextinsight.net/story-archive-mainme...r-from-quarz-capital

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02 Aug 2017 11:00 #23940 by Joes
Joes replied the topic: Special Situation stocks
Amplefield looks tempting yet scary.

It has proposed a rights issue whereby exercise price is 5 cents.


Negatives:

1. Currently share price is 4.5 cents, which means the rights will be mostly rejected by shareholders except for the controlling shareholders who have pledged to take up excess rights.

2. Ratio is 3 rights shares for every 1 ordinary share.

So if you own 10,000 shares ($450 cost), you need to cough up $1,500 to exercise the 30,000 rights.

Possible Positive:

If they will that the rights exercise shld be 'normal' then the share price could be pushed up beyond 5 cents. So there is possibly upside.

What do you guys think?

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02 Aug 2017 13:15 #23941 by hh488
hh488 replied the topic: Special Situation stocks
Hi Joes,

Yes indeed a bit tricky. Can buy from market rather thru' rights but then you don't get the free warrants. Seem like the discount to the right price is the cost of the warrants? More importantly, is Amplefield a good stock to buy?

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