They must be living in the ivory tower to know about the adverse marketplace reaction. Retail shareholders' interest also has to be diligently managed by the company as part of the investor relations to ensure that the outcome from any fund raising exercise is favourable and positive to all.
The only time to play this counter is to wait for election to buy. Once BN wins, 20% jump and 30% gain in a week. Any other time please don't touch this loser counter. Directors all care about their own pockets, filling it so deep that the company is dying.
4444, in order for you to qualify to subscribe to the RI, you have to own the mother share or buy the RI warrants that would be traded for a week. You won't be able to buy mother share at 0.85 from the open market. Even if they offer RI at 0.85, the ex price of the mother share should be around 1.07 to reflect not less than 20% discount. Hence, for them to offer 0.85, the mother share has to trade around 1.30 during the average 5 days VWAP fixing. Anything lower than that, they have to offer an even lower RI.
Pls note that the lower RI price they offer, the lower cash would be raised. They was aiming to raise 2.86 billion by offering RI at RM1. Now with the current price, they only can offer around 0.75. They already failed to raise 2.86 billion at this rate.
calvin now i already know why other forum people scold u.. it's just because you always promote stock without facts.. I saw news few days ago, MRCB director already declare MRCB no bid for Bandar Malaysia.. and will only focus on the current project.. you please stop spreading rumour!!
why scold datuk calvin, he's the best,his tips mostly no open shop such as kwantas,harlen,mpcock,mhc,new low stocks,butaland,mui,bpuri,opcorn......hahaha
Seem to stabilize back today. This could be the bottom as at such price, MRCB only can offer RI around 0.75. Don't think they want to press further for cheaper RI. With 0.75 RI, they could raise around RM2.145 Billion.
The initial proposal is to raise RM2.86 billion by offering RI at 1.00. My best estimate now with 1.17 mother price, they only can raise RM2.145 billion by offering RI at 0.75.
who in their right mind would want to buy into c9? If you buy it at 0.05, MRCB mother share would need to be at 1.46 for you to earn 0.05. Do you think MRCB can go up till 1.46 at the end of this month while RI is still in progress?
Forget about 1mdb. We wont be able to dig anything out as long as the current gov is adamant in covering up. This can of worm only can be opened when new gov taking over. Else, it would forever be buried until one day Najib joined opposition and poking BN. Then it would be digged up and conduct RCI.
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....
gcke
1,359 posts
Posted by gcke > 2017-08-01 18:01 | Report Abuse
They must be living in the ivory tower to know about the adverse marketplace reaction. Retail shareholders' interest also has to be diligently managed by the company as part of the investor relations to ensure that the outcome from any fund raising exercise is favourable and positive to all.