I noticed that you have been here for some time, MK76. Looking for opportunity to buy in? :p Just my 2 cents and you can adopt it if it is useful: share price can come down by 20% upon pp price fix. If you look at the previous tranche which was fixed at 14.5 cents, a 20% down is 11.6 cents ~ 11.5 cents. I queued there for some time and got what I wanted. Now that its fixed at 11.5 cents, a 20% down is 0.092 cents ~0.09 cents. There is possibility that it will go down to 0.09 cents and if the price meets your expectation, welcome on board. This asset is hated as much as the "fintec" related stocks.
PP for "working capital" is because pcc need to pay his own remuneration and director fees. If not how to sustain his income from the 20years loss making business?
Not tips but just opinions from observation. Another thing that you should consider to do is to keep track of the quantity from each tranche for each pp plan. Each pp plan has a minimum and maximum pp shares to be issued. You can either wait for the announcement that pp plan is completed with no further tranche or keep track of the progress against the min and max. For current pp which is the working capital / payables pp, it has a minimum of 130M target pp shares and maximum 209M target pp shares. It has issued approximately 93.7M pp shares. It will be interesting to observe the latest pp price fix of 11.5 cents and the quantity of pp shares to be issued. A min of 40M pp shares issuance for the 11.5 cents tranche will bring it to the minimum 130M target pp shares. And, the previous quantity is ranging from 18M to 46M shares for each tranche. Which means a drop of $0.01 cent is equivalent to $180k to $460k lesser amount of capital raised. A lot more work to be done to keep track of it but it is necessary to manage the risk if you are trading the pp plans.
According to the news....He was like taking ah long......More than 10% of interest in 6 months.....y he needs so much money from the beginning,should just sell gpacket share in open market from beginning in order to get rm22 mil....Ends up now in the news n in legal battle
CCP needs money earlier this year....So he talked to that party, sold them g3 warrant at 1.3....With agreement to buy back 6 months later at 1.5......Now he doesn't buy back......So he is sued for breaching the agreement....
Err....Let the judge decides whether he did that....This is what I understand from the news....But news is just news....Whether somebody has done something wrong,the court will decide
Gpacket/perempuan is in the news for the wrong reason....This is not what the shareholder wants to see....This piece of news is definitely not doing any good to the company....
CC Puan has disposed a total of 138.7M shares starting from 19th May to 6th Sept at different price and different quantity; both direct and indirect interest. Based on the quantity and price announced, that will sum up to a total of $27.5M proceeds from the sale.
Technically balanced for the week between supply and demand. Will demand pick up next week and pushing it above 14.5 cents? Or supply pick up pushing it lower?
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....
Why2TellMeWhy
992 posts
Posted by Why2TellMeWhy > 2021-10-05 09:30 | Report Abuse
I noticed that you have been here for some time, MK76. Looking for opportunity to buy in? :p Just my 2 cents and you can adopt it if it is useful: share price can come down by 20% upon pp price fix. If you look at the previous tranche which was fixed at 14.5 cents, a 20% down is 11.6 cents ~ 11.5 cents. I queued there for some time and got what I wanted. Now that its fixed at 11.5 cents, a 20% down is 0.092 cents ~0.09 cents. There is possibility that it will go down to 0.09 cents and if the price meets your expectation, welcome on board. This asset is hated as much as the "fintec" related stocks.