What about the private placement and free warrant? With the current price around RM2.00, how can the private placement justified at the same price?

As far as I know, Protasco has no shareholding in Nexgram, although the 2 cos have 1 or 2 joint venture property projects, and one common director. Nexgram is no abang of Protasco.

Intention looks the same : to create a cult following. Anyway time will tell.

tey por yee reminds me of teh soon seng.

Keck Seng is just a so so company. It has some good assets but the management has done little to increase shareholder value. The Ho family is treating it like a privately owned company. Better returns can be had elsewhere.

I think kukuman is trying to depress Ben's share price so that he can pick up some shares cheap, either to make some money later or to average down his higher cost purchases earlier.

but all these will change after conversion of ICUL and warrants which are to be issued, which will increase the share base by 75%. Unless if bottom line is also increased substantially. going by past performance, it is unlikely.

KS has good assets but poor management. The controlling shareholders can do the minority shareholders a great favour by privatising the co.

Must well buy posh upon ipo.

Everyone has high expectation and confidence except md. something fishy.

At RM3 means that after conversion of all ICULs and warrants, TG will have to trade at Rm2.2 to breakeven. TG's net profit growth has not been spectacular so far. Bearing in mind that EPS will be diluted by a share base that will be 75% larger, the current cum all price of RM2.10 is abut right.

Md just disposed of more than 1 mil shares at below rm2. See sc website.

I think the new units will be issued at Rm1.00. There are investors prepared to pay a premium over market for a large block, after all the nav is RM1.04. If someone tries to buy 20% of a counter in the open market, he may have to pay even higher price.

If new units issued at 1.04 or very close to this, then NAV will not be diluted. In any event, it is not likely nor possible for new units to be issued at less than RM1.00 (par value)to non existing unit holders.