haha! L&G 1st proposed RI on Nov2016, but EX date 12 April.. Its take half year to RI.. yes, it will going down after RI, but between 1st proposed n EX date it will not always going down, such as L&G, when they proposed for RI it going down from 0.37 to 0.3 but it go up again to 0.36..
just wait n see what will happen.. dont make assumption becoz we not know the future.. in between they proposed RI and EXdate anything can happen.. they proposed n u need to vote, u are shareholder n has ur right not to accept RI.. or u guys just want to be LALANG, just follow speculators?
the indicative prospectus already shown that in order to offer RI with more than 20% discount from the 5 days VWAP at RM 1 with theoretically ex price of RM1.27, the VWAP is RM1.54+++. Hence you should know lah what price MRCB would go before the price fixing date.
I agreed with you, Tomatoman79. But the media keep pushing on the news maybe because the share price have been dropping since the couple of days ago. That's why.
It will be reversal play as I see. Before the JV materialised, I think the news will keep pushing it. But for sure Monday will be positive.
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SamuelLuke
2,020 posts
Posted by SamuelLuke > 2017-06-01 14:37 | Report Abuse
As long as they are not cancelling the RI i will not put a single cent in it! Lose money anytime worthless to invest. Better they fried themselves