Ya, it sounded like a trap based on its rights trading pattern tat sustain well abv 0.1 cent. Once RI completed, mother shares likely trade arnd 5- 6 sens ony as it provides 1 free warrant. Got to b cautious b4 step into this bait
I don't care about him. Bpuri want to give some surprise to share holder. Bpuri juz want some money to their project n clear bank interest from loan. Next year bpuri wake up with high profit.
Had been observing this counter when it was traded above $1 attracted by its NTA then, luckily checked into its details in particular profit distributable to SHs of parent which is unusually low. Eg. Sep, net profit is 4.1 million, for SHs is only 412k, about 10% only, 90% gone to who and whether they contributed resources necessary for those projects undertaken? Eg. June, net profit 5.4 million, only 324k for SHs. Check yourself for other duration.
Anyway, if just for trading purpose, fundamentals is unnecessary as sentiment is more important.
I had read director report. Non interest share holder is refer for director who use they share for buy ideal height share n pt makmur cost for listing. So now company must payback to them who have borrow they money for the company with interest. Share capital for this company very small but project too many on going.
Hopefully. This company not in this price. Shame on director to put bpuri in this price. Director no money to buy share. That's why share price like bankrupt company price.
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....
powerinvestor
602 posts
Posted by powerinvestor > 2019-11-29 13:04 | Report Abuse
dropped more than 5% today!!