This is one form of capital reduction. The company was doing the right thing to offset the accumulated losses against the share capital. There is no reduction/consolidation in number of shares so it should not impact share price. The benefit of offsetting the accumulated losses will allow the company has a clean book and once you have cumulative profit they can start paying dividend. The shares plunge after the announcement was caused by Khazanah selling the shares. If you traced back the announcement, Khazanah will dispose share one time each year - usually in Oct/Nov irrespective of the share price. Someone takes the opportunity to ride on the wave to push down the price to collect.
bear market don't buy, bull market scare buy at the highest price, some ppl say don't catch a falling knife, don't chase for higher price, so at the end , sit down watch only, correct? but oldman warren said “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
please follow Gurus Jason to buy stock, cox he is God of Win, pls tell me who buy stock is predict will drop...hahahahahah...when up suddenly disappear, when down come out to tease ppl. such kind of ppl...huhuhhhh....now i take a piece of advice from Jason, start looking best F.D rate, then everyday acts like him, when stock market bad, i laughing all of you, dont play play Jason is holding 100% win records ler...
no worry, Jason alw right, cox when market bad, chances of stock basically will drop is greater than up, we all wish ppl make money, but sometime got other kind of ppl, red eye or malay call pantang when ppl make money, what to do?Jason still the best in investing F.D, nvr fail him.
hahaha... i laughing at the sifu here keep asking people buy . hahahahahahahahaha...laughing non stop from their prediction 0.155 to 0.145 to 0.115 .... hahahahahahahahaha stomach pain
Jason, yalor definitely very funny, some more still got ppl bought at 0.20, nvr study stock too...how come at such higher price, hope for golden egg???hahahahahahaha, if i bought at 0.20, i'll knock the head
today must drop lah, if not how to buy back, 2 days 15%, Jason, banyak easy money, i laugh until stomach pain also, mari mari drop drop drop, wiish jason dream come true
i banyak suka Jason, he like my candle light, when he appear, i fast fast go to buy share, when he MIA, i fast fast go to sell stock, banyak untung, man...
newbie188.... if you so hebat hebat ... u wont be here anymore asking people buy .... foolish person . if you did follow the sifu buy at 0.155 , 0.145 .... im sure u crying now .... foolish person talking foolish ....
anyway who the sifu sifu you mean ask ppl to buy at 0.145, 0.155......maybe they are right too after AGM, who know, you think everybody like you so Sui meh,,, buy what die what, holding not neccessary is a bad thing, anyway u not chance to hold lah....
Newbie188.... Sifu sifu i mention here is not you. You tak tahu malu ke ? The sifu i mention is the previous posting the sifu master ask people buy when 0m2 drop to 0.155 n 0.145. newbie188.... U betul betul tak tahu malu
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....
Des07
164 posts
Posted by Des07 > 2018-10-29 08:35 | Report Abuse
This is one form of capital reduction. The company was doing the right thing to offset the accumulated losses against the share capital. There is no reduction/consolidation in number of shares so it should not impact share price. The benefit of offsetting the accumulated losses will allow the company has a clean book and once you have cumulative profit they can start paying dividend. The shares plunge after the announcement was caused by Khazanah selling the shares. If you traced back the announcement, Khazanah will dispose share one time each year - usually in Oct/Nov irrespective of the share price. Someone takes the opportunity to ride on the wave to push down the price to collect.