475,295,394 NEW ORDINARY SHARES IN SAUDEE GROUP BERHAD at 15 sen, 2 rights with 1 free warrant for 1 share, completed in May 2021. Total rights proceeds amounted to Rm71.294 millions, less corporate fees of Rm883k, balance = Rm70.411 millions or 9.8sen per share of enlarged capital of 716 million issued capital. The balance of Rm70.411 millions is for the repayment of loan, construction of cold rooms, expansion of production capacity, investment in similar business, etc. With the MCO n EMCO in force, Saudee will not be able to carry out their investment and spending plans. It's mind boggling that with a rights issue cash of at least 9.8 sen per enlarged share capital, some parties are actively pushing the shares down as if the company is going bankrupt. Bursa should investigate.
Now price drop to this level will have more people pump in more money to buy. All are thinking the price drop so much is oversold , price will rebound soon. Maybe yes maybe no too. I have to see the morning report first than only will know what to do.
The price drop from 0.29 to 0.20 is oversold, than from 0.20 to 0.15 is oversold , following from 0.15 to 0.10 continue call oversold, when the oversold will finish? Funny
wa kena my 8c target liao. I wont sell so fast lo. wait lo 9.5-10 huat a bit. hope tmr magic lai le...technical rebound plzzzzzz ...if not i hang lo cause sailang liao
Rcz2020, you need to learn more because knowledge will determined how much you can gain. When i was young, i start with 10k capital, i gain my first one million in one year time. I believe anyone can do it if you are good.
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....
mimisita
348 posts
Posted by mimisita > 2021-08-09 10:53 | Report Abuse
BUY!!