Easy for understand, if you are share holder, advise sell before consolidation date, if you are not the share holder, wait good chance buy in before consolidation date,however,it depend on company business and their management team
Cita not a company with own business skill,it is a investment management company,layman language means opportunist company,consolidate of share no benefit for share holder
If u look at AGES, from 0.015 consolidated - > 0.60 but the prices drop now around 0.150 .. They consolidated so that prices can go much2 lower.. without conso cannot down no more hitting the floor..
It has to cast off penny stock image in order to get more business from local partnerships as well as overseas. The consolidation is in the right direction.
This is just an impairment of "goodwill" (a concept that only works in accounting anyway) to explain the "premium" paid for the excess 6.5 sen due to the placement of CESSB's acquisition at 19 sen the last time (as the share price went up to 25.5 sen instead). So the company decided to impair the excess 6.5 sen instead.
See further page 15 of the 4th quarter from the management's explanation:
"If exclude the "one off" goodwill impairment, the Group would have registered a profit before taxation of RM2.0 million and RM8.8 million for the 4th Quarter 2022 and full financial year ended 31 December 2022 respectively."
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....
rfifth92
38 posts
Posted by rfifth92 > 2023-02-20 16:13 | Report Abuse
already cut loss