okok lah, before that the price was 70 something sen, i felt not worth making pp of 0.68, now the price lower than 0.68 and kpower sucessfully made the pp at 0.68, feeling better now.
scib too bad cashflow. Serba high receibable and liabilities because it is oil and gas sector. I dont know why scib a building material company can has super high receivables and liabilities and super bad cash flow.
"NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING KPOWER BERHAD (FORMERLY KNOWN AS KUMPULAN POWERNET BERHAD) ("KPOWER" OR "COMPANY") PROPOSED PRIVATE PLACEMENT TO RAISE GROSS PROCEEDS OF UP TO RM100.0 MILLION AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT")"
Private placement issue price yet to be determined. If buy near private placement price should be safe.
it's very rare for pp to be done at a premium. the new investors agree to be locked in at 0.68 during negotiations and due to market aberrations it's now trading at 0.63, a discount to that.
Even with an EPS dilution of 20%, this stock is still trading at a very cheap P/E relative to similar companies. Only because of irrational association with Serba which has a different management team, different auditor, different business model.
so far kpower is still good, but i hope this stock wont become another serba. PP gives dividend then pp again. As an investor, i am more willing to see eps and share price growing. If keep repeating pp, then the eps will never go high, automaticly share price wont grow. I hope to see eps grow, share price grow, then bonus issue, thats what i want
funding risk is removed, solar project secured. this stock is like a coiled spring, the past 2 weeks the spring has been compressed a lot, it's going to bounce
there will be days it goes up, goes down, volatile, but long term wise, it's definitely very cheap now for irrational reasons, and hence there's the arbitrage to make money.
when it goes up, don't sell, when it dips a lot, slowly buy more. by 2023, see your money double or triple. the key is don't get sucked in by short term volatility, don't play contra, don't play margin, use only cash you don't need with infinite holding power, let time work for you.
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....
m_aloha
607 posts
Posted by m_aloha > 2021-10-04 16:41 | Report Abuse
Thanks sellers..tmr hopefully can get some more