same have big chances like ASB, ASB after Johore election fall 3 cent till 0.09, two week later return to 0.12( up 33.3% from 9 cent). PUC this week either drop to 0.065 or return to 0.100(also 33.3% from 0.075) less then two weeks.
Beware PUC has audit issue now. Perhaps that's just the beginning when you read the external audit report besides the summary given by the company. Hence the cumulative loses all these years after rights issues and consolidation.
only "get out of jail" card for those that bought is it become a potential reverse takeover target. If not:- (1) rights issue to carry on as a going concern? (2) 2 sen here we come and deja vu, 5 shares consolidated into one?
Looking at the external auditor limited qualification of the Co accounts FYE Dec 2021 the outcome could be different from what was reported in Feb '22. Hence the heavy plunge last Fri coincided with BNM announcement of 5 successful bidders. Other unsuccessful bidding counters fell likewise but not at such drastic quantum as PUC from last Fri range 0.13 - 0.075! It slipped even further till 0.055 today. Moreover PUC was trading downward over the month prior to BNM announcement. Something very strange and some strong justifications are required to such dire state of PUC.
The BOD is fully responsible and accountable for the financial and operational affairs of the Co. Their performance has been dismal and moreover with the current depressed price level of the stock they'll face shareholders reprisals. They're seeking reappointment in the coming AGM and they're likely to face removal.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....