@khpwwl Will has a limit, you can see Fast's capital now only 49M if compare previous capital. It is almost same as 2012, ten years ago. You think the boss will let their money suffer such loss?
Directors are responsible to ensure success of rights issue exercise to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue shares.
Directors are responsible to ensure success of rights issue exercise to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue shares.
Just want to add that the contracts worth over RM 4 billion to supply bunker fuel is based on "future" fuel price, so this means there is not much risk due to fuel price movements!
Abstract from announcement: "....The price of the Products shall be based on the average price per metric tonne as reported by S&P Global Platts in Singapore (Mean of Platts Singapore), plus an agreed premium throughout the Contract Period effective for the relevant shipment of the Products on the weighted moving average for each month (inclusive of the first and last day of the month)."
So it's puzzle to me why with such good prospects the share price is so low? I think it's a good time to buy & join the group!!
ya lah.....so many 0.005 + 0.12 free 1 warrant, later adjust again mother shares...habis...investment berapa lost berapa...rubbish counter forever rubbish counter
Price = 0.005 seller quote as stock price is at 0.115 compared to the rights price of 0.12
If stock price is not supported at higher than 0.12 before closing date (3 Dec), most likely many shareholders will not subscribe for the rights share.
Could be a blessing for the retail shareholders as dilution of shareholdings equity will be minimal unless operators scoop up most of the rights shares via excess application.
Best is minimum subscription scenario involving less than 100 mil shares instead of 909 mil shares.
The Proposed Rights Issue with Warrants is undertaken on the Minimum Subscription Level after taking into consideration the minimum gross proceeds we intend to raise from the Proposed Rights Issue with Warrants amounting to RM9,047,603. Pursuant thereto, the Undertaking Shareholder had on 24 May 2021 provided its undertaking to subscribe for its Rights Shares entitlement and excess application if required amounting to the minimum amount of RM9,047,603.
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....
sychern
114 posts
Posted by sychern > 2021-11-15 01:13 | Report Abuse
profit margin low but if compare to tech fast we can say OK. Just wait for QR.