Take JHM as example, Price started move in Feb from RM1.70. They announced Bonus issue in 6-Apr'17. Ex-date is 15-Jun'17 and their price after 1 for 1 bonus issue is RM2.50.
Normally when a company plan for BI, they need financial institution to arrange for it and it normally take at lease 1 month to prepare paper work before announcement...
So it wouldn't be surprise if Comfort price start moving uptrend before any BI announcement...
I for 1 bonus issue will dilute 50% of EPS if there is no growth in the next profit. A good company with good management team normally will try to reduce the impact of the dilution by ensure net profit in the coming quarters will improve significantly.
Since Comfort is just fully recover from the fire incident and starting to invest more lines in new FY18, so this year should be the right time for BI.
kossan, harta, top glove have bonus issue 1:1 time for comfort to do bonus issue 1:1 probably will hit 1.20 before bonus issue to become 60 cents. then move all the way up to 70 cents.
cash reserves a bit only how to give bonus 1 for 1? pocket kosong punya company only goring,the worst among the glove companies tak ada duit give dividend also
TopGlove result is a bit disappointed. Suspect some of TopGlove customers have switched a small portion of their order to 2nd Tier glove suppliers like Comfort & Careplus which will be good for Comfort.
Small company tend to be more flexible compare to big company. And also smart customers try to avoid unforeseen incident by not putting most of thier order in 1 basket.
apollo ang , i think u need go to take some share market course or buy some basic book and learn the basic first , dont stay here and ask ppl how to count the bonus issue , no one wanna answer u .
Chart looks exhausted already after this few days.... Stay cautious as it may retrace for correction again with immediate support at 0.800. Once cross down, it will head south to 0.750.
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Apollo Ang
3,181 posts
Posted by Apollo Ang > 2017-06-15 21:03 | Report Abuse
where got bonus? ur remisier tipu u.company no announce anything