http://www.bursamalaysia.com/market/listed-companies/company-announcements/5646589 Indicative issue price per Rights Share is RM0.085, translated to 70.34% premium to the 5D-VWAP of CME as announced to better reflect value of Company. Read the details to determine if it is golden time to buy and accumulate now. Interest is growing everyday judging by the long buyers Q.
Climbing 0.005c in every 2 weeks after announcement, drawing more interest evident in Buy queue. Last done yesterday ended at 0.055, 1st week for this price.
Based on recent movement, reaching 0.06 should be matter of week after next, or even earlier. To price Rights Share at 0.085/0.095 to reflect NA value and draw interest to subscribe, market price has to be there to attract. A good and safe option for those who refuse to chase counters that have gained significantly in past 2 weeks.
While market generally in red, 0.055 almost taken up this morning. Looking at buying force, 0.06 can happen this week, may be even today or tomorrow to break 0.06 and move towards 0.1x
I don't understand howcome the price of right issue share is 0.085 when the current price is only 0.055 Right now its cheaper to buy in the open market than to buy the Right Issue shares. Can anyone shed some light pls?
Last year 19 Jun 2017 Private Placement Details of corporate proposal PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN CME ("CME SHARES" OR "SHARES"), REPRESENTING NOT MORE THAN 10% OF THE ISSUED SHARES OF CME ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal 44,110,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0500 Par Value($$) (if applicable) 0.000 JEWEL VIEW SDN BHD Address 52-56, Jalan Tun Ismail 50400 Wilayah Persekutuan Malaysia. Company No. 426677-X Nationality/Country of incorporation Malaysia Descriptions (Class) Jewel View Sdn Bhd LG-030 Lower Ground Floor Dynasty Hotel No 218 Jalan Ipoh 51200 Kuala Lumpur Date interest acquired & no of securities acquired Date interest acquired 19 Jun 2017 No of securities 44,110,000 Circumstances by reason of which Securities Holder has interest Private Placement Nature of interest Direct Interest Total no of securities after change Direct (units) 53,230,000 Direct (%) 10.971
BEST BIRDSNEST SDN BHD Address LG-030 Lower Ground Floor Dynasty Hotel No 218 Jalan Ipoh 51200 Wilayah Persekutuan Malaysia. Company No. 775224-T Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Name & address of registered holder Best Birdsnest Sdn Bhd LG-030 Lower Ground Floor Dynasty Hotel No 218 Jalan Ipoh 51200 Kuala Lumpur Date interest acquired & no of securities acquired Date interest acquired 06 Nov 2017 No of securities 80,573,640 Circumstances by reason of which Securities Holder has interest Acquired Nature of interest Direct Interest Total no of securities after change Direct (units) 80,573,640 @ RM0.045 Direct (%) 16.61 Date of notice 06 Nov 2017
Jaynetan, d 1st major share holder presumably doing jewelaries trades, whilst d 2nd shud b in Birdnest products tradings. Both are 'cash-riched' biz, hence dey can invest n might b holding on for prospective investmns tat dey deemed confidence via private placemn. Cud b realise dier motives to bcome major share holders ony via dier coming share holdings transactions either for long term investmns or for short term speculations. Got to watch out seriously
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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....
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Posted by darkxfs > 2017-02-20 11:32 | Report Abuse
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