Anyone familiar with BIMB-WA? Thinking of switching from Bstead. Not privatisation, but similar. Suppose to return 26sen, but proposal just amended to 26sen or 5 day VWAP, whichever is higher.
“the Warrants Consideration, which was originally proposed to be RM0.26 per Warrant via the First Announcement, has been revised such that the Warrants Consideration shall now be determined based on the five (5)-day VWAP of the Warrants immediately preceding the price-fixing date for the Warrants Consideration but shall in no event be lower than RM0.26 per Warrant.”
Downside capped at 26sen, while upside depends on markets forces? If investor appetite is 50sen during price fixing week, payout is 50sen? Movement of mother share and warrant exercise price are irrelevant. Sounds too good and ridiculous that investors get to set the price at their fancy and BIMB committed to pay.
For those investing this SL will you can...Errogant Mgt tak ade duit operating.. Still tak nak privatise... Yes government can support n pump in money mentality...
LTAT realize very unlikely for them to privatisation the company as minority reluctant as company have good quality of assets which worth more than his current share price.
can anyone tell me one good reason to invest in this company? Past 5 consequtive qtrs loss making, no dividen payout past 2 years...so what the heck you people doing here.
time will tell.. many profit companies end up also become PN17 company. what logic you are looking, today economic derail from market which many stocks far from his fundamental value PE more than 100 times
It is possible to turn around Bstead because Bplant, Pharma, Affin are profitable. Of course, possibility is one thing and actual execution is another thing.
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....
TheMerchant
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Posted by TheMerchant > 2021-02-03 02:20 | Report Abuse
Anyone familiar with BIMB-WA? Thinking of switching from Bstead. Not privatisation, but similar. Suppose to return 26sen, but proposal just amended to 26sen or 5 day VWAP, whichever is higher.
“the Warrants Consideration, which was originally proposed to be RM0.26 per Warrant via the First Announcement, has been revised such that the Warrants Consideration shall now be determined based on the five (5)-day VWAP of the Warrants immediately preceding the price-fixing date for the Warrants Consideration but shall in no event be lower than RM0.26 per Warrant.”
Downside capped at 26sen, while upside depends on markets forces? If investor appetite is 50sen during price fixing week, payout is 50sen? Movement of mother share and warrant exercise price are irrelevant. Sounds too good and ridiculous that investors get to set the price at their fancy and BIMB committed to pay.