Boneka/Q: with this right issue + -ve Qr, it will further drop to 0.28 with panic selling...the operators will collect from them...these operators already have the news before you, that is why 3 days continuous big drop...
Share price dropped almost 60% since 1 mth ago. It is anticipated and expected bad QR, same goes to other companies, like UEMS from green to red QR, also share price never drop. So ot is reaply over sold, panic selling
Take more than 2 years to settle this icps with Tan Sri, base on 42 sen, it will be big windfall for tan sri !!!! If 42 sen ...icps shall b trading 8 sen, warrant will 20 sen !!!! so good meh ???
Shares of Permaju Industries Bhd slid half a sen or 0.75% to 66 sen today, valuing the group at RM129.32 million. Year-to-date, the counter has retreated 19.02%. Best buy...TP
It will be a windfall for anybody who sapu the icp-or (if trading @1 sen) I plan to sapu 30 million icp-or if open .01 to .0.05 sen !!!!!! The profit will the warrant price !!!!!!!
Battle between Technical and Fundemental regimes Fundemental - Bad news mixed with Goreng News Technical - It just an extreme pullback The price would create bottom shadow for the first day from 5 to 10 percent Then the first TP would be 0.465 (first day), followed by 0.525 and 0.640 (within a week) How? - I also dont know how
Permaju Industries Bhd continued to bleed red ink for the third quarter ended March 31, 2020 with a net loss of RM2.23 million on revenue of RM14.33 million, dragged by lower sales in its automotive division. There were no comparative numbers from the previous year, due to a change in its financial year end from Dec 31 to June 30.
For the nine-month period ended March 31, the group posted a net loss of RM3.58 million on revenue of RM51.69 million. Going forward, Permaju said its automotive division may continue to face weak sales amid the Covid-19 crisis. It also expects the property sector to remain challenging due to "weak demand and oversupply market". Permaju has planned a rights issue for additional working capital, which it believes will be positive for the group's operations, moving forward. The Edge Fri, Jun 19, 2020
How to keep dropping, where qr is expected during this Covid. Right issue is to raise fund to expand their business, perhaps gloves business is one of them.
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Posted by CharlesT > 2020-06-19 18:42 | Report Abuse
Rights issues are coming lah