NEWBIES..BEWARE!!!! BPuri is on its way for share consolidation..
The operator probably is pulling the brake before consolidation, everybody who are at the top of condo will feel the HEAT...
In my experiences @Kanger, Trive and Nexgram, before consolidation, the price will drop a lot from the indicative price made in the proposal. BPuri lowest price 2.5 sen...)
VIZIONE is the latest high NOSH low price penny stock proposing to do shares consolidation !!! This announcement is dated 6 March 2024.
=================== Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
i) Proposed Share Consolidation of every 5 existing ordinary shares in Bina Puri into 1 Consolidated Share ("Proposed Share Consolidation");
ii) Proposed Private Placement of new Bina Puri Shares of up to 30% of the total number of issued shares in Bina Puri (excluding treasury shares, if any) on terms and conditions to be determined by the Company and to be undertaken after the completion of the Proposed Share Consolidation ("Proposed Private Placement"); and
iii) Proposed ESS, which comprises the Proposed ESOS and the Proposed SGP, of up to 15% of the total number of the issued ordinary shares of the Company (excluding treasury shares, if any) at any point in time, for the Eligible Persons of Bina Puri Group, who fulfil the eligibility criteria as set out in the in the by-laws of the ESS ("Proposed ESS"). The announcement is dated 22 December 2023. ========== On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 18 March 2024, approved the following:
1. Proposed Share Consolidation;
2. Listing of and quotation for:
(i) up to 217,964,717 new ordinary shares in Bina Puri ("Placement Shares") to be issued pursuant to the Proposed Private Placement; and
(ii) such number of new ordinary shares, representing up to 15% of the total number of issued shares of Bina Puri (excluding treasure shares, if any), to be issued pursuant to the Proposed ESS.
This announcement is dated 18 March 2024.
========== Be careful holding high NOSH low price penny stocks Directors are good in fund raising via shares issuance
Mark MY words... Berdasarkan sedikit pengalaman saya,,,, BPuri juga akan ikut seperti sejarah kebanyakan syarikat lain yang mengadakan share consolidation..... Kalau tidak kenapa insider lari hanya pada harga 4 sen???
BPuri is preparing to do share consolidation..... In my experiences @Kanger, Trive and Nexgram, before consolidation, the price will drop a lot from the indicative price made in the proposal. BPuri lowest price 2.5 sen...)
HISTORY WILL REPEAT ITSELF...
8 SEN IS EXPENSIVE
5 SEN IS MODERATELY EXPENSIVE
What is my justification?? A director sold 20,000,000 of shares just @5 sen. In addition Maju Offshore sold 100,000,000 shares @4 sen only. NTA is merely @ 2.2 sen only. Four years in losses..
The right price before consolidation I expect only around 2.5 sen to 4.5 sen sahaja.
CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN BINA PURI HOLDINGS BHD. ("BINA PURI" OR THE "COMPANY") ("BINA PURI SHARES" OR "SHARES") HELD AT 5:00 P.M. ON 9 MAY 2024 INTO 1 BINA PURI SHARE ("CONSOLIDATED SHARES") ("SHARE CONSOLIDATION")
1. Before this, BPuri have won projects worth billion, but BPuri have lost four years in a row. 2. Since 10 years ago, BPuri's NTA from RM1.00 has become 2.2 sen... BPuri's management is not good in making money for BPuri... 3. Continously, BPuri was good at making losses and increasing NOSH only. 4. To maintain financial and operations stability, BPuri did private placements and RI. 5. To be safer from the risks of PN17, BPuri is proposing to do a share consolidation exercise.
this company useless. u try google bina puri contact number. Always on voice mail, repeating itself, later will cut off. I think nobody doing bizness. No wonder keep losing money. Just increased the share placement....
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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....
MZM2511
4,442 posts
Posted by MZM2511 > 2024-02-07 06:11 | Report Abuse
Haiya.... Petition after petition this company...... Patutlah syarikat terpaksa buat share consolidation???
Kalau tidak PN17 makin dekatlah ini company.. BEWARE from this type of company!!!