SONA
Looking at their closing price today, where SONA close at RM0.39. We can say that buying SONA now is equals to using RM0.39 to buy a share that has RM0.45 cash in it.
Looking at their closing price today, where SONA close at RM0.39. We can say that buying SONA now is equals to using RM0.39 to buy a share that has RM0.45 cash in it.
Is this value investment?
Is it worth?
On the other hand, if the SPAC fails to acquire any asset within 3 years which is 30 July 2016 that means they are going to repay you all the money inculde the interest that the money earn for 3 years.
Imagine that the interest rate that being earn by that amount of money is just 2% per annum.
From 30 July 2013 til 30 July 2014, your money become RM0.459 (RM0.45*1.02).
From 30 July 2014 til 30 July2015, your money become RM0.46818 (RM0.459*1.02).
From 30 July 2015 til 30 July 2016, your money become RM0.47754 (RM0.46818*1.02).
The gain that you make from this investment will be
RM0.47754 - RM0.39 = RM0.08754 or 0.08754/0.39 = 22.45%. 22.45% in 3 years, which will be averagely 7% a year. Good investment?
Imagine that the interest rate that being earn by that amount of money is just 2% per annum.
From 30 July 2013 til 30 July 2014, your money become RM0.459 (RM0.45*1.02).
From 30 July 2014 til 30 July2015, your money become RM0.46818 (RM0.459*1.02).
From 30 July 2015 til 30 July 2016, your money become RM0.47754 (RM0.46818*1.02).
The gain that you make from this investment will be
RM0.47754 - RM0.39 = RM0.08754 or 0.08754/0.39 = 22.45%. 22.45% in 3 years, which will be averagely 7% a year. Good investment?