2023-06-15 05:22:00
One To One Contacts Public Company Limited (OTO) shares plummeted to the floor for the 4th day after Money Game pushed the price to encourage the exercise of the OTO-W1 conversion option before continuously smashing down.
The beginning of the OTO stock price in late May 2023 moved higher and hotter. In addition, there is a channel for investors to see the difference in the price of converting OTO-W1 into OTO shares that is as high as 7-8 baht, sometimes as high as 10 baht, causing speculation to come in to convert the right, which OTO-W1 determines the use date. Warrants 24-30 May 2023, ratio 1 warrant : 1 share, exercise price 3 baht/share
OTO share price on May 23, 2023 before the exercise date jumped up to close at 19.60 baht, an increase of 0.20 baht (+1.03%), while OTO-W1 closed at 7.35 baht, a decrease of 0.30 baht (-3.92%). If OTO-W1 was converted into OTO shares, it would cost 10.35 baht. (7.35+3.00) saw the difference from the parent stock to 9.25 baht
Later, the OTO price on May 24 dropped slightly to 19.50 baht and on May 25-29 continued to increase (May 25 closed at 21.00 baht plus 1.50 baht (+7.69% ) May 26, closed at 23.00 baht, plus 2.00 baht (+9.52%) and May 29, closed at 23.60 baht, plus 0.60 baht (+2.61%), causing the difference to increase even more.
Then the price moved in a range, but on May 30, the price turned around and fell to the floor, closing at 16.50 baht, minus 7.10 baht (-30.08%), then the next day, May 31, turning to plus. Closed at 17.40 baht, plus 0.90 baht (+5.45%) during June 1 -9, the price dropped slightly, on June 9, the closing price was 16.20 baht, minus 0.60 baht (-3.57%).
But on June 12-14, the OTO share price plummeted the floor for 3 days in a row.
As for the price, OTO-W1 sees speculation on May 18-19, with May 18 closing at 6.70 baht, plus 0.80 baht (+13.56%) and May 19 closing at 7.80 baht, plus 1.10 baht ( +16.42%), then the price dropped mixed with speculative pressure. Until it came down hard continuously according to the mother’s stock, where June 12 closed at 4.28 baht, minus 0.72 baht (-14.40%), June 13, closed at 3.60 baht, minus 0.62 baht (-14.49%) and June 14 .Closed at 1.82 baht, minus 1.84 baht (-50.27%)
However, OTO informed the SET on May 24-30, 2023, that there were 233,236,514 shares resulting from the exercise of rights, which is considered a large number. From the total shares listed on the stock exchange, there are 559,999,995 shares.
While the stock market Following the hot movement of OTO until an order was issued for OTO and OTO-W1 to use the cash balance level 1 from June 6 to June 23, 2023 and later issued a warning to be careful when investing.
This is considered a money game with an unusually high price. And lure investors to exercise the right to convert OTO-W1 into OTO shares. Those who have a lot of stock in their hands sell it. Then come and wait to buy below. While investors who have just entered, seeing the OTO price fall sharply, they are shocked to sell and cut losses. It’s called giving up. Worst of all, the 233 million newly exercised shares that have not yet been traded will suffer their fate.
In addition to the stock price plummeting, it also invites you to follow OTO’s financial statements as you can see in 2012 with a loss of 116.22 million baht from 2021 with a net profit of 55.68 million baht, but lately OTO has tried to find a new business like renewable energy. carbon credit business Including plans to expand investment in EV Bike, making the company’s image a company that accepts mega-trends.
In addition, on June 6, 2023, Mr. Kanawut Wattanatheerat announced his resignation from the position of Chief Executive Officer and Chairman of the Executive Committee, effective from July 1, 2023, and appointed Mr. Bundit Sapianchai, a former executive. High level from Bangchak’s power business group, sitting in 2 positions instead, effective July 1, 2023. However, investors are asked to study the information well. I don’t know what OTO will be like after this. This matter will continue to be seen.
Incidentally, as of May 17, 2023, major shareholders of OTO are Mr. Boon-Eua Chitrathanom 24.43% Mr. Natthaphong Sitaworarat 17.58% Ms. Kittiya Utokayotha 6.21% Mr. Pinyo Rukhaphanmethee 5.90 % Ms. Kanokrat Wongprapairoj 3.09% Mr. Sathaporn Phothong 3.04%
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