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Hi 你们好，我知道有很多人看好Ptrans，同时也有很多人唱衰Ptrans，说巴士是夕阳行业。但是，我想说，巴士只是它的幌子，就好像一间电影院，他们最主要的收入不是卖戏票，而是卖popcorn，而去过电影院的人都知道电影院都有一个规定，外食禁止。
你看Ptrans，城市交通就是影院，商业式车站就是popcorn。
我再说一个经典的，Tesla不是卖车的，卖车只是他的幌子，Tesla卖的是自动化，电子，太阳能，人工智能。
But then the warrant, if the market price is lower than 0.235, don't think the holder of the warrant will exercise to convert into shares?
And also the company also do not wish many warrant holder to exercise the warrant to exchange the shares? So the management will try to make the share price to be lower than RM0.235 until the expiry in Sept 2020?
desmond, the big shareholders will still consider to convert because it is not possible for them to buy a big bulk of shares from open market without pushing up the price substancially, unless the current share price is very low to conversion price.
I have a different view. The cost to raise fund from warrant is cheaper the bank loan or right issue or else.
Considering the expansion of Ptrans, they need more funds to construct terminal or hotel. The increased share price is favourable to the company. The company can get the funds earlier if the share price up earlier.
However, one thing is that individual investors like explosive profit in short time rather than waiting for 3-6mths.
I think when they announced the issuance of warrant in 2017, the share price should have already been diluted..... shouldnt be an issue of price reduction anymore