thanks CharlesT, i wanted to consult you before buying actually earlier... but i rather not take unnecessary risks on things which are not well known to me..thanks
One thing I dont understand...Sifu should explain to u all on the impact of the rights issues on LA but instead he asked u all to hold and go to protest in EGM.....
What is the use of holding the mother share, if it is being dump, as seen by A1 Capital and others? Is this how shareholders are rewarded in this rights issue? How do they promote their share and gain???
RM2m cheap funding from the last 2 days. good for co but dilute shareholders earning per share. if money is used to decrease loan, that is 4+% increase in profit and cash flow, and if it is used to generate more biz, that will be much more.
ATTA mother shall stay in this level (RM1.00+ to Rm1.20) till Ex Date then shall adjust to below Rm1.00 .After Ex Div of RM0.10 in Sep shall adjust again to RM0.80+.
But Charles T, wouldn't LA/Wb/WC's exercize price be lowered as well from RM1.00 to 87cents? So it might still be in the money but at higher prices as the WB are for a longer period (the premium would eventually decay).
And considering the LA/WB/WC prices have dropped tremendously, the effects of ex-date and ex-dividend may have already been priced in....
Attending EGM to protest will likely have no effect on this exercise...if u really insisted to go I suggest to bring more plastic bags so as to pack more food (for dinner/supper etc) hoping can reduce some of yr losses
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CharlesT
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Posted by CharlesT > 2017-07-12 10:46 | Report Abuse
The proposal for rights issues is 99% likely to be approved in the coming EGM