MRCB is manipulated by the biggest syndicate in the country...and it is a big play...mega-size play and to move something this big..it will take time ...example when up...will be up for sometime...not one two day affair...same goes when down / correction...it will continue for quite a while
you see the way those syndicates push down the price to 80cents already know they very ganas short term players semua kantoi those who don't have patience you might as well go casino, less than 1min double or nothing, lagi syok~
it has played with big volume from 0.8-1.5... I don't think it would be easy to push down... Now is the accumulation phase 2.... Just waiting for quarter result or the news to push up the price...
share placement is a good way to reduce debts especially when the bad time comes. Also, increase in Bumiputra shareholding will give MRCB a better stand in other upcoming project as the budget is targeting at bumiputra friendly.
according to analyst views, share placement is to ensure that MRCB remains a Bumiputera controlled GLC..lets not see it from a racial point of view but look at it from the business perspective. it will be good for MRCB as they stand to be the major beneficiary of Gov projects that require bumiputera status. means the shareholders, both bumi & non-bumi will get to enjoy the benefits :)
People think that private placement below the market value is negative to the share price, and on top of diluting EPS per share. Short term impact on share price is unavoidable but it will benefit in the long run.
Positive for full taken up of private placement, which shown that the major shareholders are positive on the development of the company but expect some impact of the share price in short term.
I think RM1.24 is a fair price for private placement at this moment, especially at the current share price, don't you think?
Ring, your sounds like you never gain any profit with mrcb before? If that news is bad sure today the share price will plunges badly.. But fortunately the price is stable and still got some supports..
this share placement really tricky...dunno how to view it
What if the shares placed out at 1.24 and the investor, though not allow to sell immedaitely to realise the gain..may enter into some derivatives private agreemnt to lock in the gain ? I heard shit like this can be done if got jalan
still holding some....contemplating whether to sell or hold ?
Mr tomatoman, thank you, will rilex, sorry, not realizing there are a lot of other investors got stuck...hopefully this counter will do great later on after its de-gearing has been completed. In fact I still keep some investment in its warrant, hoping for its run later on. Cheers!
good to hear that... warant expire sept 2018. i dont believe the price will be lower than 2.30 at that time as project in hand is billions billions. not hundred million.
i guess all of them bising2 because lately so many sleeping counters are kaboomm.. but this counter keep dropping and they got stucked here.. dont worry, anytime it also will kaboomm.. be patient guys..
It already in correction mode since last week.. Just waiting to bounce back.. Collect more at lower price.. Selling pressure also not so strong.. Looks like they know that 'something' will come..
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....
Lim
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Posted by Lim > 2015-11-17 22:10 | Report Abuse
This week Quarter result may release...