Ays did share placement so that the company can buy back its share? Will the Bursa allow this or even Bank Negara? Ays needs to apply for financial license as profiting from buy or sell share commercially need licensing ( like a broker )? All the buy back is just so that you can sell out your share? That means Ays will be looking at big lose after all the traders do sell of their holding. Logic or just to save an investor wrong call?
Same like how a gold trading company makes exceptional profit when gold prices are rising... they buy gold at RM100 in Jan, gold price goes up to RM110 in Feb, and they sell at RM120 in March. ... simple?
Game over for AYS? The earlier super profit is not sustainable. Earlier super profit made was due to old inventory/stock bought at much lower price and sold at higher price. Going forward, the cheap inventory/stock could be depleted by now and need to replace with new inventory/stock at higher price. The next few quarters result should not be fantastic and expect AYS price to move South or at best flats
Proceeds from a private placement cannot be used for share buy back unless you have Bursa approval. When steel price dropped, AYS may have higher cost stocks which will incur a trading loss. Dont tell me you dont know that KYy ???
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