Put it this way. The boss, Billy Ong, could have taken CASH when he sold his companies to OCR... but he didn't. He took his payment fully in OCR shares, at the price of 19c. ... I normally expect them to take partial share partial cash, but, no, he is taking the entire amount in OCR shares. ... honestly, I'm not sure why he didn't ask for a lower conversion price, since OCR is went way below 19c, but, eh, whatever. ... The Private Placement will be at around 15c though, so that's a bit worrying. @birkincollector, it's not just any creditors. Essentially that debt settlement was ALSO to the boss, Billy Ong. Normally, I HATE Related Party Transactions, but in this case, I voted YES at the EGM for those transactions. But if Billy wants to inject assets into OCR and he is taking OCR shares at 19c instead of cash for it, that sounds good to me... PS: (I voted no for the 4th one because PP at 15c feels too low to me)
imho, it is highly possible PP is at 19 or above...RM750M Rumah Selangor at prime Shah Alam area will be sold out within few days...a 15% profit margin is RM112.5M, high chance of OCR to return to a highly profitable co...im holding till the project is launched and wanna add more......
expected loss..all OCR worksites stopped work for more than 2 months, how to make profit? next yr will surely big profit,....The Mate and OCR selayang will kick in 20 30m... those buying oledi know liao...
for 1.75%? not even a substantial shareholder of 5% i seriously doubt this listing la, Billy Ong and his family has majority and increasing stake in OCR
@TalkC, thanks for the warning .. today's trading activities are bit strange and I'm more positive now ..will average up once 16.5 Sen is breached..hope to make a DOUBLE !!!...
more good news! asia property award 2021 by property guru, didn't saw this earlier, OCR got the best lifestyle developer and special recognition for CSR in 2021, good job guys!
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canbuyla
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Posted by canbuyla > 2021-11-26 14:27 | Report Abuse
16 cents is BO liao....@Trading2u....volume built up nicely recently....20 cents is possible