Mrcb management bod is crazy to call for a RI when the price is on uptrend. Are they purposely calling a RI to reverse the trend? Manipulating the price for lower entry price for someone or party b4 announcing a great news????
my best guess they have tried to dispose EDL and other assets but canot find the buyer so they have to force RI although will jeopardise with the ESOS of which they are the one who subscribed it.. so they have to work hard to get so many jobs at the end destroy the share value ..loo like less smart action...end up lost-lost to almost all including ESOS guys...
if the the ex price of RI is RM1.27 due to the indicative RI offered price at RM1, then what s the reason for it to rebound???? In order to maintain the ex prices of RI at RM1.27, what price should MRCB be in before the RI? Anyone is aware of the calculation? The counter price must be higher than RM1.27 in order to be theoretically ex price at RM1.27
Mother share also not too far, from 1.78 to 1.35 within 2 weeks, all goreng goreng only, who still can't find the chair after music stop, loss until pant drop
Your mother share cant be RM1 if your RI is RM1. There is no discount premium then. Who wanna subscribe to RI which i can get from the open market with the same price? Besides, with more shares in the market, the ex prices after RI wont be RM1 anymore. So in theory, if mother share become RM1 and then the RI offered is also RM1. Once I subscribed to it and ex date later, mother share would be adjusted below RM1. Do you still want to subscribe it then since for sure would make loss by subscribing to it?
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....
coolchef
115 posts
Posted by coolchef > 2017-05-27 14:15 | Report Abuse
look atyear chart it will go down just below around 1.10 .