Posted by TheContrarian > Dec 29, 2018 08:57 PM | Report Abuse BJLand was granted lower public spread level of 19.67% by Bursa Malaysia on 20/12/18. You didn't read about it?
For the purpose of calculating minimum public spread, any shares bought back by a company and held as treasury shares are excluded from the total number of shares. So, if the company buys back say, 0.5% of its own shares, the percentage of public spread will then be (25.12-0.5)/(100-0.5) = 24.74%
TheContrarian For the purpose of calculating minimum public spread, any shares bought back by a company and held as treasury shares are excluded from the total number of shares. So, if the company buys back say, 0.5% of its own shares, the percentage of public spread will then be (25.12-0.5)/(100-0.5) = 24.74% 29/12/2018 21:47
What opportunity you found after selling? Why your posts all in old counters you had eg MNRB, Insas, etc.
Posted by TheContrarian > Dec 28, 2018 08:35 PM | Report Abuse 90 sen big road block today even first thing in the morning there were already over 500,000 shares offered for sale at 90 sen, thus not possible for me to get that price if I were to try. Maybe next week you can but I want to free up capital and look for opportunities elsewhere.
If last Friday I didn't sell at 0.895 I would have attempted at 0.92 after 4.40 pm then I wouldn't have succeeded selling. The price instead closed down at 0.885/0.89.
Danny has to sell down some shares in order to comply with the minimum 25% shareholding held by the public. Otherwise the counter can be suspended by Bursa.
Posted by luckyman > Jan 3, 2019 10:21 PM | Report Abuse Danny has to sell down some shares in order to comply with the minimum 25% shareholding held by the public. Otherwise the counter can be suspended by Bursa.
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TheContrarian
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Posted by TheContrarian > 2018-12-29 20:58 | Report Abuse
Another company facing public spread problem is TA Global.