once the share value diluted due to RI (and +20% private placement) hopefully warrent-A exercise price would also be adjusted accordingly, if not it will become to expensive to exercise...
Many thought the cash calls were for BM but it's not. If they get BM, there will be another huge cash calls. The truth is they have no money for current/future projects but don't want to borrow from banks so they want you guys to pay for it. Hahaha
Last time when doing the private placement they said mrcb will be able to generate internal fund by disposing their assets n a lot of retailers believed the story and buyin but now seem that they are cheating by making sprice RI so all the retailer got hit...now it may explain why tabong haji keep on selling at 1.40 to 1.80 n likely tabong haji will wait until price drop around to 1.30 to buy back....sofar tabong haji sold about 11million unit ...
It's stupid and silly to fight against the currents. Look at AirAsia X, Prolexus, Land & General...and many other Rights Issues in recent times. In those cases the stocks were in downtrend mode from the time the rights issue was made. Surely, rights issues will be of benefit in the long term, but on the short term they are a drag on investors and they tend to flush out all short and medium term holders.
Worst thing is, MRCB plans further cash calls in the future. Those guys are stupid. 1:1 cash call is largely unheard of, especially after the 20% share placement. The Bukit Jalil stadium project isn't really going to be that profitable either.
"It points out that it would still need to raise funds in the future to finance its future projects, but it would be at levels that are palatable to the market."
@rojakinvestor, it is not 50% of existing shares, it is 100% of existing shares. It is 1 rights share for 1 current share held. Which means share base will double.
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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....
paktua73
18,359 posts
Posted by paktua73 > 2017-05-19 15:12 | Report Abuse
Q back a bit at 1.72 ha ha Goldman dive deep ocean one dare to clct at rarely is Goldman method ha ha