now they're like saying, the floor is 1.24. you can go higher but cannot below this. this is good as we know the price will not plunge below this level.
This private placement scheme is at disadvantage to existing shareholders especially those who has the extra $$$ if they opt for right issue. Every shareholders'holding has been diluted except for the private placement party. 20cents is big discount but hope this scheme will bring the company (share price) to new height.
I don't think there's going to be any update on the TP I think the analysts meeting hold by MRCB few days ago should have disclosed this info to the analysts who gave the TP
fund will raised after projects secured. Not like last time in 2009, where mrcb did right issue to raise rm566 millons but no confirmation project on-hand.
epf holding will be diluted from 38% to 32%. Just below the MGO level of 33%. Probably epf do not want to take the placement share is to meet SC condition.
PPA shares will obviously dilute d value of shares, sharks already made their money when it 1.40 now declining but Edge tgt price 2.00 but this is possible in 2016 if they do declare profits in their quartely report.
gapurna buying at 1.24.... later what? sure they want to make some profit lah... then do what? push the price up then baru unload some to make some gain. even before the exercise they can make a few round with share in hand.
It's all part of the plan. Even the kenanga research raised the tp from $1.36 to $1.70 after the shareholders' briefing session about the management plan last friday.
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....
tomatoman79
289 posts
Posted by tomatoman79 > 2015-11-17 09:22 | Report Abuse
now they're like saying, the floor is 1.24. you can go higher but cannot below this. this is good as we know the price will not plunge below this level.