You are looking it the wrong way. Its just an opportunity for the current owner to increase stake in the company at a very cheap pricing. But why would the majority shareholder spent money to increase stake if there is know prospect of major returns in the future.
Its just a move for the major shareholder to position themselves to reap the benefit of the new business coming in soon. Who would want to put money if there is no return, plus they are the owner, they already know whate coming. The company sitting on 100mil cash as is with another 63mil coming in soon from the puchong land sale already completed, so the conpany dont really need the equity injection from the majority owner.
Highly likely will be manufacturing ppe/medical devices. The job posting for manufacturing positions have been deleted from linkedin, believe they have found the candidate.
The second tranche will be another price that will be sold to third party investor that has been identified of which the price will be 10% vwap of the avrgae price at a price fixing date to be determined by the board. I believe this will be a new partner that they will bring that will bring new business into johan.
Conclusion, buyyyyyyyyyyyy...i wont sell until reach at least 40 sen (price when they were manufacturing tiles, imagine if now they do ppe/medical devices which is the flavour of the day). Dont be too late until they announce this and price have gone too high.
Even now u can see block buying, likely from people in the know, the staffs, senior management etc.
You should check in on some of those fields below.
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1kking
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Posted by 1kking > 2020-09-08 21:24 | Report Abuse
That 0.063 price known a long time ago since the first announcement in july 2020.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066250
You are looking it the wrong way. Its just an opportunity for the current owner to increase stake in the company at a very cheap pricing. But why would the majority shareholder spent money to increase stake if there is know prospect of major returns in the future.
Its just a move for the major shareholder to position themselves to reap the benefit of the new business coming in soon. Who would want to put money if there is no return, plus they are the owner, they already know whate coming. The company sitting on 100mil cash as is with another 63mil coming in soon from the puchong land sale already completed, so the conpany dont really need the equity injection from the majority owner.
Highly likely will be manufacturing ppe/medical devices. The job posting for manufacturing positions have been deleted from linkedin, believe they have found the candidate.
The second tranche will be another price that will be sold to third party investor that has been identified of which the price will be 10% vwap of the avrgae price at a price fixing date to be determined by the board. I believe this will be a new partner that they will bring that will bring new business into johan.
Conclusion, buyyyyyyyyyyyy...i wont sell until reach at least 40 sen (price when they were manufacturing tiles, imagine if now they do ppe/medical devices which is the flavour of the day). Dont be too late until they announce this and price have gone too high.
Even now u can see block buying, likely from people in the know, the staffs, senior management etc.