Maybe many oceanus share buyers or sellers may not know about Taiwan current traded prices. But not to worry as the prices from 2 sides will narrow down sooner or later hopefully by CNY. With the 2 key shareholders converting their loans into shares that means 2 things: 1. To buy back some more shares from the market whenever there is a dip. If it happens there will be less shares in the market and means no more short sellers. 2. To earn larger CD later on when Oceanus declares profits for this year
hmmmm...i would think the convertible bond holders\' intention is to sell. I believe the convertible bond has a fixed conversion price and is earning interest...it makes no sense for them to convert now just to hold the shares and lose out on the interest income and i would doubt the dividend will be high, if there is any. Taiwan shares are trading high, but do note that the amount of shares trading in Taiwan is much less than in S\'pore.
Let\'s be realistic. Any price that goes up very fast will come down very fast. If you have the patience, breaking 0.47 resistance level is a matter of time. For those who play on contra will get burnt and they need to come out of the counte fast. Suggust to look for mid to long term investment for Oceanus. Similarly for SPH which I have recommended had move up very high today and most likely there will be some profit taking on SPH tomorrow.
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