If the consolidate share is to up the price like xdl and sinotop then that is good. If right issue after consolidate once again then this share can throw into dustbin...They want to cheat shareholder money once again.
the pricing is the key. right niw trading band between 6 - 7 Sen anything higher who wants to subscribe. restricted offer to placement to third parties may be another option
If u go thru sanichi's history long term shareholders lose till pants off...worse than china stocks...rights issues rights issues shares consolidation then rights issues then shares consolidation...all becomes somebody's atm.....
If the intention is to reduce the number of share then that is good but base on what is happened last few years, the chances to cheating shareholder is higher. Malay words said jangan menipu, jangan kaya di dunia tapi seksa di dunia akhirat.
the consolidation of 3 shares to one has neutral effect. so don't look at it so negatively. I believe the purpose is to reduce the number of shares available in the market so that it is easier for the operator to pump it up
2013 Rights issue (2 for 2 at RM0.10) 2014 Rights issue (3 for 2 at RM0.10) 2015 Shares consolidation (4 into 1) 2016 Rights issue (2 for 1 at RM0.11) 2017 July proposed shares consolidation of 3 into 1
Loss until yr mom also cannot recognise u if u were long term shareholder....
Q3 2017 Total revenue ~3.5M, P/L loss for the Q3 period ~2.4M, Foreign currency translation loss 6.7M? Can some help to understand how this accounting work ?
2013 Rights issue (2 for 2 at RM0.10) 2014 Rights issue (3 for 2 at RM0.10) 2015 Shares consolidation (4 into 1) 2016 Rights issue (2 for 1 at RM0.11) 2017 July proposed shares consolidation of 3 into 1
Loss until yr mom also cannot recognise u if u were long term shareholder....
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....
bgt9963
572 posts
Posted by bgt9963 > 2017-07-03 17:42 | Report Abuse
Bottom fishing.....my 2sens!