Many brokers said better not subscribe it and one brokering house told me 50% subscription up to date as not popular. So is it worth to buy the right and subscribe it?
Kenny Tang, the right will stop trading and cannot be traded after today. Either you sell the right today or you can choose to subscribe the right at RM325/right.
Don't seem worth to convert as preferred share usually come with dividend and Perdana does not come with it. It is advisable to purchase mother share than this preferred shares as advised by my few brokers and friends. More than 60% of investor actually does not sell the right in time or not even interested to convert as what i understand from few remisiers
. The Board of Directors of Perdana Petroleum Berhad is pleased to announce that the Company has completed its debt restructuring and the Corporate Debt Restructuring Committee has via their letter dated 16 December 2019 notified that PPB and its subsidiaries are discharged from CDRC’s purview with effect from 16 December 2019.
Fellow investors, please study Petronas Activity Outlook 2020-2022 carefully before deciding to buy or sell.
From the outlook pages 61, 62, logistics (i.e. marine vessels) would be very much required. In addition, it is the first time Petronas mentioned a frame agreement has been established to support drilling & development/production projects requirement and the future depicts a healthy outlook. And local players and financiers to re-assess appetite for investment opportunities.
IMHO, the above narrative in the Outlook is bullish.
Again you will have to do your own due diligence and decision to buy / sell is wholly your own.
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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....
jaynetan
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Posted by jaynetan > 2019-12-12 11:21 | Report Abuse
to give incorrect advice is very harmful .