Dont worry. After the capital reduction excercise, egm is march 15, edu will return to the black. From loss position to gain with retained profits. They may use the retained profits to give out free warrants.
There are many positive developments within the last month:-
1. The completion of a clean capital share capital reduction which has resulted in retained earnings of RM111.6 Million as compared to the accumulated losses previously. This augurs weel for the company moving forward as it is now in a stable and good financial standing
2. Appointment of 2 new directors which include a top gun in Pakatan Harapan : govt contracts on the horizon possibly
3. Completion of a private placement exercise which involved 100 Million shares that did not increase the total no of shares which is easier for the price to rise quickly. These private investors see major potential in this company otherwise they would not buy a substantial stake now.
4. The company is undervalued as the share price is below the net asset per share of 12 sen
5. Lower gearing of 0.32 times
6. Technical analysis wise, the stock has bottomed out and rebounding with substantial volume with much larger buying queue. Possible rounding bottom chart pattern forming now.
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....
SK1200
857 posts
Posted by SK1200 > 2019-03-01 08:26 | Report Abuse
Green Q report..