0080 STRAITS STRAITS ENERGY RESOURCES BERHAD SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS)
SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS)STRAITS ENERGY RESOURCES BERHAD (FORMERLY KNOWN AS STRAITS INTER LOGISTICSBERHAD) ("STRAITS" OR THE "COMPANY")PROPOSED CONSOLIDATION OF EVERY 2 EXISTINGORDINARY SHARES IN STRAITS ("STRAITS SHARE(S)" OR "SHARE(S)") INTO 1 STRAITSSHARE ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION")You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
Those you mentioned above who got into negative impact of of NOSH of Billions and like 10 to 1 and so... and many of them are lost making company and don't even know what they really want to do. MOUs after MOUs. Straits less than 1 million and only 2 to 1 , and a profit making company. Hard to compare. Nobody know the what the result and the actions of those large holders.
Few top holders held over 40% of the stocks or more. Only ikan bilis swimming aimless ly left and right following the current. It only take one big wave to send all helter skelter
PP up to 20% daripada jumlah saham terbitan Straits (tidak termasuk saham perbendaharaan) kepada pelabur pihak ketiga- Tranche Pertama- 91,340,000 Saham Straits baharu yang diterbitkan tranche pertama Cadangan Penempatan Persendirian telah disenaraikan. berkuat kuasa dari 9.00 pagi pada 18 Februari 2022 @ Lembaga Pengarah pada 7 Februari 2022 telah memutuskan untuk menetapkan harga terbitan bagi tranche pertama PP pada RM0.151 setiap Saham . Harga terbitan RM0.151 setiap Saham Placement mewakili diskaun kira-kira 9.53% kepada VWAP 5 hari sehingga 4 Februari 2022, iaitu hari terakhir dagangan sebaik sebelum tarikh penetapan harga, sebanyak RM0.1669 setiap Saham.
PP pun belum selesai, sudah diumumkan share consolidation? Apa jadi dengan pengumuman PP sebelum2 ini untuk dapatkan PP 20% dari saham Straits sedia ada atau 182juta unit saham? Apakah akan ada price fixing sebelum consolidate atau selepas consolidate?
Seperti yang dilaporkan sebelum ini bahawa urus niaga dijangka selesai pada suku pertama 2022. Selesai atau tidak? Bagaimana pula dengan PP? Sekarang Tranche Pertama dah selesai, Tranche Kedua bila ke macamana? ??. atau Tranche ke 2 tunggu untuk bayar waran sekiranya ada pemegang warran menukar kepada mothershare?
On 15 December 2021, an announcement made that Bursa had approved shares lisiting up to 186,811,479 for Straits (when it says "up to" its not necessarily have to be that amount..its maximum scenario) They did first tranche PP for 91,340,000 shares and now they going for share consolidation. If they really wanna go for total 20% PP (186,81,479 new shares) as proposed earlier..they would consider that in their share cosolidation announcement under maximum scenario (total shares + all warrants converted)..however they only stated existing Straits shares only -882mil (after PP first trance completed)+ all warrants converted for the maximum scenario.. If they do PP after share consolidation..the amount of new shares will be different that announced earlier as the total shares have been reduced..so that wont make any sense.. My opinion is that they prefer the remaining fund raising via warrant conversion. I believe big announcement coming soon as they seem confident that share price will fly after consolidation..maybe acquired big contract? or STS completed? or GEM listing approved? who knows..my 2 cents
2 to 1 Conso easier for massive pump ahead as PP has been overdilluted...wait for the big wave before conso...i believe any moment next week starting 11-15 apr!!!... i go massive last friday with nearly 1mil units, TP is 0.170 - 0.185
with 882,188,895 shares outstanding and 143,208,500 warrants in circulation as of the 25th of last month. The company expects the consolidation of the stock to be completed in the third quarter of this year as reported by Nanyang Thu, Apr 07, 2022 07:26pm .So not in 2 months...it is logic bexause Warrant will expire in August 22...
Well..the share consolidation proposal is subjected to shareholder's approval..which is likely to be tabled for voting in the upcoming AGM..so @mni75 is probably right (as reported by Nanyang)
Labuan's waters seems to be the most strategic locations to carry out the business..Straits may be one of the key players in this deal (as they are the port operator and doing STS activity within the area)
@The_JQuestion the share price is based on investor interest..the company doesnt have control of it..soon..when ppl realise how good this company is..that time too late to collect at cheap price..
Jayson4896 why keep commenting here if you are not interested with Straits? another thing, don't compare this with your thoughts on VC, Icon, kanger, mtouche. those related to Menara Lien Hoe gang
revenue from just merely 200 mil in 2018 to 1.3 billion last year (6x in just 4 years), and this year would touch 2 billion with additional Port Kelang business, Vietnam contract, STS Victoria and increase oil price.. and finally dividend will be paid this year.. Price should be at least 20 cents. .. but sentiment towards this counter..very very low. Safe for preserve cash at this situation.
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....
awesome20
1,198 posts
Posted by awesome20 > 2022-03-13 15:34 | Report Abuse
when ppl afraid you should do the opposite