At the time of writing, (15 August 07, 2.45pm) WCT was traded at RM 5.85 while WCT-PA was traded at RM 0.56
For those who hold quite a number of WCT shares and do not plan to sell the WCT in near future (about 1 month time), there is an golden arbitrage opportunity here!
WCT-PA could be converted to WCT anytime.
I give an example here: (Assuming brokerage fee of 0.6%)
Sell 10,000 shares of WCT at RM 5.85
Buy 100,000 shares if WCT-PA at RM 0.56
Convert WCT-PA into WCT at a ratio of 10:1
Sales proceed for 10,000 WCT shares RM 58066.60
Purchase of 100,000 WCT-PA -RM 56414.40
Processing fee -RM 10
Profit RM 1642.20!
It has been a while since my posting on equity investment. This was because the market was high and it was hard to find undervalued stocks. Nevertheless, this still provide golden opportunity to make money in bearish market.
Good luck!
Received a friendster message from someone who I don’t really know but was added to my friendster as we have a common friend…
After I read a friendster mesasge from him, he was immediately removed from my friendster and blocked…
I dislike this type of thing and do not encourage you to see this rubbish either. But in case you are curious about the message and would like to read it, visit: http://www.xihoo.net/love/fu.htm
Don’t you find this nonsense sickening, wasting of time (he should know that friendster is slow, and after reading the message, I need to delete the rubbish message somemore), and definitely not a good thing to see to start off a day… And is it necessary to forward this to so called friends?
If everyone in this workd is so superstitious and forwarding this message to 20 people after he/ she has read it, this message will grow exponently from 20, 400, 8000, 160000, 3200000… and everyone’s email will be flooded by the message in just few days’ time…
He is banned… less spam in my mail box…
