PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 608,806,200 NEW ORDINARY SHARES OF RM0.10 EACH IN NCB (“NCB SHARES”) (“RIGHTS SHARES”) TOGETHER WITH UP TO 304,403,100 FREE DETACHABLE WARRANTS (“WARRANTS”) AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) FREE WARRANT FOR EVERY FOUR (4) EXISTING NCB SHARES HELD, BASED ON A MINIMUM SUBSCRIPTION LEVEL OF 120,000,000 RIGHTS SHARES TOGETHER WITH 60,000,000 FREE WARRANTS, ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER;
Counter is moving up soon. Otherwise doubt people will subscribe its renouncement right issue at RM0.10. Target to move should be above RM0.10. Just wait & see whether it will happen or take opportunity to make money.
Next drifting sideways without any direction, there are people buying but too small to support overhanging shares volume. With rights coming and after exrights, wonder how the directors are going to support the shares.
Tey bought 32m shares at 0.10 in early Aug n obviously aware of good results n anticipate price to goes up soon .............. b patient if u hv got in at 0.08 like me !!!
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....
TuaHuat
1,462 posts
Posted by TuaHuat > 2013-08-27 08:30 | Report Abuse
Always having a lot of sellers n buyers...