Construction and property development company Prinsiptek Corp Bhd saw almost 7% of its share base change hands through off-market deals on Sept 26 and Oct 1, according to stock market data.
On Sept 26, 10 million shares, or a 2.31% stake, were transacted off market at 12 sen per share. This was followed the sale on Oct 1 of 20 million shares or 4.63% at 11.5 sen apiece.
No announcements have been made by Prinsiptek regarding the transactions. The group is in the midst of raising RM66.7 million through a rights issue of 6.67 billion irredeemable convertible preference shares (ICPS) at one sen per ICPS.
materus, the same group of operators controlling the movement of arbb and psiptek, they are those super smart and damn bold group...but still can read their mindset overtime!!! without these operarion how do they get enough share in hand to ensure sure win after PA?1 billion ok? ...
i think change hand so as easier to operate later on....they need really holding very very big % to move share up, if not 1billion pa not an easy job...this is what i guess!!! if pressing down resulted in low warrant conversion if good sign...hopefully it is their intention...
basically both are not good counter after very very in depth study,,the biggest issue being recent ARBB price move highly correlate to Yuetai price movement...I have a lot a lot of suspicious...they could have already made 1st round gain through pressing down the price!!!
Worst case would be press the price even lower than change the mutiple proposal or abandon the proposal then announce take private offer!!
Something beyond our imagination, l like risk with own reasonings, might not be right, but better than buy with no reasons. Who n why, at this moment buying to expire warrants at one sen when it is out of money. Just predict or imagine ourself with our hard ern money
MULTIPLE PROPOSALS PRINSIPTEK CORPORATION BERHAD ("PCB" OR THE "COMPANY") I. PROPOSED RIGHTS ISSUE; II. PROPOSED AMENDMENTS; AND III. PROPOSED ACQUISITION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") PRINSIPTEK CORPORATION BERHAD
Type Announcement Subject MULTIPLE PROPOSALS Description PRINSIPTEK CORPORATION BERHAD ("PCB" OR THE "COMPANY")
I. PROPOSED RIGHTS ISSUE;
II. PROPOSED AMENDMENTS; AND
III. PROPOSED ACQUISITION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Proposals.
We refer to the earlier announcement dated 3 September 2019 in relation to the Proposals.
On behalf of the Board, UOBKH wishes to announce that the application pursuant to the Proposals has been submitted to Bursa Malaysia Securities Berhad.
Extremely well planned dumping!!! multiple proposal submitted immediate after 2nd last trading day of warrant!! what happened to those sold? got some activities in Chin related companies i.e. Blitz Tower and etc? margin of Stellar Residences, more in ARBB or more in psiptek?
Estimated revenue for psiptek 15million from stellar residence? and another 15million from another block? but on 30million, the rest how? per boss style.....coming QTR revenue shall be greater than 70million!!!
Still waiting to see who is the buyer for the boss's warrant? is boss so good buy high sell low?...lol...many Jaynetan and ncm88? any opinion?
I dont own any company nor big boss of listed company. They are better than by owning listed company,i m in no position to teach them how to do business. What i want is simple, like it buy .
PSIP:MULTIPLE PROPOSALS Stock Code ( Equity ID ) : 7145
MULTIPLE PROPOSALS PRINSIPTEK CORPORATION BERHAD ("PCB" OR THE "COMPANY")I. PROPOSED RIGHTS ISSUE; II. PROPOSED AMENDMENTS; AND III. PROPOSED ACQUISITION(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Type of Meeting Annual General Meeting Indicator Notice of Meeting Description Notice of 17th Annual General Meeting Date of Meeting 25 Nov 2019 Time 09:00 AM Venue Malaya 1, Level 1, The Westin Kuala Lumpur, 199, Jalan Bukit Bintang, 55100 Kuala Lumpur Date of General Meeting Record of Depositors 18 Nov 2019
Psitik can buy Got super power to earn good net profit counter why cannot buy Better than benalec and iklmas Because among those same level company Psitik results is best of the best
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....
SolidGold
113 posts
Posted by SolidGold > 2019-10-23 10:47 | Report Abuse
smart investor=brainless gambler
sama ja. We buy and wait + we wait and buy at the same time.