Evermix biz guaranteed RM11 mil profit in two financial year. If they cant deliver the profit, shares issuance for the owners of Evermix would be reduced accordingly. The purchase was funded via 65 mil cash and 18 mil value of Esceramic shares issuance valued at 0.32 per share. 7 mil value of shares have already been allocated after the completion of the SPA. Remaining 11 mil would depends on this profit guarantee.
if evermix can't make RM11 mil profit then ? No 11mil shares (20ct x 11mil = RM2.2mil only) to seller BUT they already pocketed sweet RM65 mil cash from Esceram !!! 65 mils cash accumulating from glove former business thru out the year all sai lang into concrete business (where they don't nothing about ) , so a wise investment ?? time will tell !! :(
Not 11 mil shares but RM11 mil value of Esceramic shares issued at RM0.32. If Evermix going to make losses in these two years, then Esceramic would not issue a single share to the Evermix bosses. If Evermix only deliver RM5mil profits in the next two years, then the bosses only get issued RM5million value of shares and not RM11 million. If Evermix delivered more than RM11 million profit, the bosses still get a max of RM11 million value of shares. You can read the SPA for more details.
Current support pegged at 19 sen { 19-22 } if support line failed to hold. Expect prices to trend lower. Plus if coming quarter result showed negative or below expectations on newlyy acquired evermix. Prices can possibly fall below tech line at betw 17-20. both the MACD and bar charts showed negative signals .do your analysis before you sell or buy. Just my own take
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ValuePrice
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Posted by ValuePrice > 2022-10-10 17:57 | Report Abuse
announced some dividend la...sigh