KLSE (MYR): FOCUS (0116)
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Last Price
0.015
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
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7,642 comment(s). Last comment by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ 2 weeks ago
BLee
737 posts
Posted by BLee > 2021-11-15 10:45 | Report Abuse
@KLLee_0110: This year reject by bursa for consolidation wait for next yr . Stock will be stagnant wait until next yr. Even many good news the share either 0.05, 0.045 or stagnant. Those who bought will stuck again like me last yr until now. If really good the stick already up many times
15/11/2021 9:04 AM
BLee: Hi Bro KLLee_0110, not consolidation, the opposite which is split. Please see announcement extracted below:-
"On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 5 August 2021, rejected the Proposed Share Split, in view that the price of Focus Shares as at 29 July 2021 is RM0.045 and the Proposed Share Split, if approved and implemented, would result in an adjusted price of RM0.015 post Proposed Share Split."
The rejection bcos after any share split shall be at least priced at RM0.20; price dropped below this value after some investors decided to monetize their holding.
Another investor increased their holding almost up to the Mandatory General Offer (MGO) limit. This show their confidence in Focus D as they did not follow the monetize path.
Which path to follow is up to individual investor. I only invested in Focus D-PA, and feel very confortable as periodically moved into paper gain region..waiting for any positive move.
Happy trading and TradeAtYourOwnRisk.