Institutions & funds investors of Reach: Lembaga Tabung Haji Koperasi Permodalan Felda Malaysia Bhd Pelaburan Mara Bhd Norges (world’s largest sovereign wealth fund) CIMB Principal Asset Management Hong Leong Asset Management MTD Capital Kenanga Investors Areca Asset Management Allianz Investment Chua Sai Men (Chua Ma Yu's son) Poh Yang Hong (Tan Sri Quek's associate)
New broom sweeps well is the best analogy for SPACs. In theory, there is no logic of paying a RM1.35 for a company who only have cash per share of RM1.00 for SPACs, while ICap NAV is RM3.05 (50% listed shares and 50% cash) is traded at RM2.45, a discount of 20%?
Well, Randomtrading provided a great analysis on who gain about RM200mil? The selected investors. And the public loves it. Hibiscus did well while SONA and CLIQ is yet to show anything eventhough SONA has the QA. Well, bottom line, stocks and securities is part science, part art, part perception and part GAMBLE, part legal con job. Lets not spit hair over it.
Should ask Tan Sri Liew Kee Sin to do a SPAC on property, and Tan Sri Lee Sin Cheng to do a SPAC on plantation. SPACs was a failure in Australia and some other countries (not verified).
Well, whether SPAC worth investing or not is the topic for another day. My point here is that an IPO is suppose to be public offering and I don't think 2% justified that. I get that any IPO needs cornerstone investors but the ratio of 98% is just too much. Whether they will sell immediately after IPO is up to them, but the fact that they are allow to do so and the general public (who are interested) are practically force to buy the share at 'premium' from them after IPO is just simply outrages.
This is like a Call Option which expires in 3 years at 76sen. Your downside already known. There is a sayinf from a wise investor "Take care of your downside, and the upside will take care of itself".
Hi alicia, I don't make buy call or sell call due to my own policy. I'll always state my opinion on stock trend and my analysis. U have to make ur own call. :)
Salute Random Trading for your razor-sharp incisive analysis. You put the so-called institutionalised watchdogs of minority investors to the hall of great shame.
Jangan pechaya itu shell com.,belum ada business fundamental dan track record lagi
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Posted by speakup > 2014-08-18 07:46 | Report Abuse
Institutions & funds investors of Reach:
Lembaga Tabung Haji
Koperasi Permodalan Felda Malaysia Bhd
Pelaburan Mara Bhd
Norges (world’s largest sovereign wealth fund)
CIMB Principal Asset Management
Hong Leong Asset Management
MTD Capital
Kenanga Investors
Areca Asset Management
Allianz Investment
Chua Sai Men (Chua Ma Yu's son)
Poh Yang Hong (Tan Sri Quek's associate)
Just shows how good Reach Energy is.
http://hongwei85.blogspot.com/2014/08/ipo-reach-energy-well-known-cornerstone.html