It seems that the fixing of the 10% share private placement issue price @ RM0.192 .... decided by the board today is not done in the shareholders' best interest ......... 1) The board chose the lowest possible price, the company gets less money (+/- RM 8 million) thus defeating purpose of maximising working capital funding exercise. Why not do it earlier @ RM0.47 or do it later in the future when the share price stabilises. 2) Value of shareholders shares gets diluted, NTA becomes lower and there will be 10% extra shares in circulation once completed. 3) "Somebody" don't know who gets to own 10% of the shares cheaply & can immediately make fast profits by selling the same based on today closing prices @ RM0.305. The board's decision today smells a conspiracy.
The company now has NTA of RM1.87. The share price is trading at a small fraction of that value. A really small fraction. If the new shareholder can bring some fresh money and with what else that he can put on the table, and the share price of Seacera gets closer to its NTA (even if it is a diluted NTA of RM1.69), then why not?
The other option is to do nothing and sit on a piece of land which has tremendous value but is not reflected on the share price of the company.
this stock at bottom already when it reversed. Immediate resistance at +/- 0.35-0.36.. the director also need to recover their losses due to previous force selling..
If they really want to development the land They need a lot of money.. and need to wait for few year to get back the profit.. So.. the price not go up so fast..
now help pump 0.35 and 0.45,, jiayou buddies.. those havnt masuk, masuk 0.3 set a cut lose 0.26 target 0.35 (my own oppinion ya^^) happy trading and investing
Seacera recently completed 10% private placement shares at 0.192 n allocated 1 million ESOS shares at 0.305 ... Price is attractive between 0.190 to 0.305 ... Value investors may wait for contra traders to clear their stocks in the next few days ... Cheers ...
The issue price of RM0.192 per Placement Share represents a discount of approximately 9.65% to the five (5)-day volume weighted average market price of Seacera Shares, up to and including 1 November 2018, being the last full trading day immediately prior to the Price Fixing Date, of RM0.2125 per Seacera Share.
This announcement is dated 2 November 2018. ============
u have to ask....what can the placement do for the company? 10% of 400 million at .2125 is only $ 8 .5 million.....did they help to press the shares down to get a lower placement price? why they insist to go ahead with private placement at such a low price?
its clear the main shareholders no money and margin call, so who are the placees? or they only pretend no money?
so....buy, sell, hold?
me? I got my shares cheap......I will sit on what I have and do nothing....
It is pretty obvious right? As always the board is taking "good" care of minority shareholders interest. The board fixed the price @ RM0.192, the 5 days average price during pricing crash (less 9.65% dirt cheap still give discount shake head), not earlier nor later when the price was/is higher. This way the "placee" pay less money & the company get less money (finger bend outwards not inwards). We must also commend the board for doing such a "good" job for using their shares as margin financing colleteral leading to last weeks debacle.
Seem not right... down bottom of their hearts The BOD already knew the pp around .192 sen yet their sell short around at .37 to .20. Guess consider INTrad!!!!!!!!!
It is pretty obvious right? As always the board is taking "good" care of minority shareholders interest. The board fixed the price @ RM0.192, the 5 days average price during pricing crash (less 9.65% dirt cheap still give discount shake head), not earlier nor later when the price was/is higher. This way the "placee" pay less money & the company get less money (finger bend outwards not inwards). We must also commend the board for doing such a "good" job for using their shares as margin financing colleteral leading to last weeks debacle. =============
pre meditated or unintended consequences ?
they issued the shares at 90 sen for the land......
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....
Wondering
159 posts
Posted by Wondering > 2018-11-02 18:32 | Report Abuse
Who said privatise?