Always, stock market is not a fair and equal game it happens everywhere over the world. what is crucial is to pick the right stock with good risks/rewards ratio. stop worry.. start making :)
If you have the original shares now, better let go today before those who subscribed to rights selling .... I wonder it can hold at 12.0 then, maybe 11.0 sen... but no worry, for short term only
Setia2u, for those who bought OR at 0.005, their cost is 0.105. But why would they sell at 0.110 and earn 5% when they can queue to sell at 0.125 and earn 20%
If they can afford to subscribe the rights, then they afford to wait for the price to move up to 0.130 or 0.140 or even higher
179Mil share excess shares available for distribution, and their cost is just 10.0 sen, will they sell to take a quick profit? Good enough profit with 10% on Friday or wait for 20% or more later? Can the market aborb the selling pressure? BTW, I already sold my original shares today @ 12.5, buy back opportunity on Friday if the price is right, i.e. 20% below my selling price today.
That's true but I think drop will be limited as right issue exceeds also cost per issue is 105. People will not sell below 105 as that's the lowest cost possible. Unless panic
I will keep my new shares and wait for a good price to exit. this counter will go up as the flagship project is doing better than expected in this tough mkt. if drop below 10sen I intend to buy some more.. no worry, as I m willing to hold for sometimes. :)
Everybody also says 'drop will buy'.....sure or not? Buy how many shares? Remember ... excess share available @ 10.0 sen is about 179Mil. Hopefully I can get few millions out of it at. maybe, 10.5 sen. Pay extra of 0.5 sen is okay..... ya btw, somebody says this earlier 'Setia 2u, 是菜鸟一支', I love it simply because I am always NEW in market! Haha...cheers.
On behalf of the Board, Maybank IB wishes to announce that as at the close of the acceptance, application and payment for the Rights Issue at 5.00 p.m. on 10 April 2017 (“Closing Date”), JKG had received valid acceptances and excess applications for 1,927,608,758 Rights Shares, representing an oversubscription of 410,988,758 Rights Shares or approximately 27.10% over the total number of 1,516,620,000 Rights Shares available for subscription under the Rights Issue. ____________________________
The details of the valid acceptances and excess applications received as at the Closing Date are as follows:
No. of Rights Shares
% of total Rights Shares available for subscription
Total valid acceptances
1,337,089,964
88.16
Total valid excess applications
590,518,794
38.94
Total valid acceptances and excess applications
1,927,608,758
127.10
Total Rights Shares available for subscription
1,516,620,000
100.00
Oversubscription
410,988,758
27.10
The Board has approved and allocated the Excess Rights Shares applied for under the Rights Issue in the following order of priority in accordance with the manner as set out in Section 8.4 of the Abridged Prospectus:
(i) firstly, to minimise incidence of odd lots;
(ii) secondly, after step (i), to allocate to the Entitled Shareholders and/or their renouncee(s) and/or their transferee(s) who have applied for Excess Rights Shares; allocation will be on a pro-rata basis and in board lot based on the quantum of the Rights Shares subscribed; and
(iii) thirdly, after steps (i) and (ii), to allocate to the Entitled Shareholders and/or their renouncee(s) and/or their transferee(s) who have applied for Excess Rights Shares; allocation will be on a pro-rata basis and in board lot based on the quantum of Excess Rights Shares applied for.
After steps (i), (ii) and (iii) were completed, steps (ii) and (iii) were repeated to allocate the balance Excess Rights Shares until such balance was exhausted.
Do your own calculations! I have no time to show you details mathematics .... make money is more important from this counter today! Yes, buying cheaply.
Most of the company either opt for private placement or right cash call, most share price tend to underperformed during the course of fund raising as exiting long term shareholder tend to dump due to unfair dilution, but, most recover strongly as fresh cash injection invite new investor enlarge shareholder pool to invest in company cash call, particularly cash call is to acquire value accretive business, which company tend become more stronger afterward.
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吹又起
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Posted by 吹又起 > 2017-04-17 12:22 | Report Abuse
Abang tklim.
Chart tu, wa orang tak tahu apa dia kata.
Abang tolonglah interpret.