moneyfind Permaju rights issues exercise is not the same as Vsolar. Vsolar RI involves mother share n adjusted on ex-date. Permaju RI does not involve mother share, so won't be price adjustment on ex-date.
NawaMan rights issue is your right to buy the mother share at 5sen each. 5 rights for 1 share. You either exercise it meaning fork out Rm250 for one mother share. Or you can sell your rights in the market for few days. Basically is the company asking free loans for you Nobody likes it.
angelo & deskfyong : Fake news or not, not important in this case as the saying goes ....BUY ON RUMORS SELL ON FACT, it's better that it remains as rumors, the way I look at it is that the 'people' behind ANZO is now 'taking care of' PERMAJU, that's why such news come out, and play it up and up until 10 Aug, the last day for rights subscription and maybe after that too, just like the case of VSOLAR.
For the ICPS rights, it involves mother share price adjustment on Monday, the reference price is 27.0 sen, but no worry, that's no extra mother shares in the market, still the same 196Mil. imagine, volume traded on last Tuesday was also 195mil, and UP 8.0 sen, its a matter of market force. So on Monday, the price might just goes back to above 30.0 sen and you guys get 5 free PR for every share you hold before ex. My optimistic mind tell me that IF the mother trades above 30.0 sen, then when PR listed on 15/07, theoretically it worth 2 sen, but IF the market managed to push the mother share up to 35.0 sen (recent high) by month end, then PR worth 4.0 sen. Wow..it is 55 sen cum ex price. Cheers. .
to be frank ,big guys monitor the forums . please do not give the details . some of bloggers are from the syndicates. even some of the commentators are from syndicates .
Ppl that talk about stock involve with RI actually never trade to those stock. Stock that announced Right issues confirm will drop after the announcement. But after the exdate RI,the mother share will up.(give time for price movement within 1 week time) Remember back Perdana..after RI,the mother share move upward.same goes to vsolar & others stock..but must remember to exit la..Dun too greedy..
I agree that no price adjustment in these scenerio because is an icps which does not take into the mother shares for calculation. Icps stands on its own listed as Permaju - PR
Con man Permaju always trap innocent trader. Better stay away frm this stock. We had thousands more stocks to consider. Permaju only for steel heart trader.
You can call me mad but Supermax or any rubber counters can still got lots of potential. Covid 19 is not going away anytime and vaccine safe one I mean will not be available till 2021
@ahgorgor may be u read books from authors that never trade stock before exdate RI..the author make money from selling book & not from stock market. Let see tomorow the opening price..haha
The rights issues is for 'P' share. But once the P share is listed mother share will adjust to the p share ie 5 sens. So sell now and sell your rights immediately too
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....
angelo
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Posted by angelo > 2020-07-10 21:29 | Report Abuse
deskfyong That is fake news.