KLSE (MYR): SMRT (0117)
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Last Price
1.01
Today's Change
0.00 (0.00%)
Day's Change
1.00 - 1.02
Trading Volume
595,700
2024-07-11
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2024-07-05
2024-07-05
2024-07-05
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2024-07-05
armt
415 posts
Posted by armt > 2015-03-11 22:35 | Report Abuse
@tornado not sure i follow your question, basically the PP means that new shares are issued to new investors. This means they will be new shareholders of the company and we are therefore diluted. None of us are vested with PP shares. Normally bankers will arrange to find new strategic investors and therefore this might be positive (really depends who comes in really). Hoping its someone like LTAT or KWAP. The placement exercise needs to be completed by end of March as the acquisition of MEGB shares need to be wrapped up soon. The timing for the placement is really dependent on the bankers and smrt management. Guess they waited till prices fell really low then fixed the placement price. What a shame for us but good entry price for the new guys