Not like previous , any stock up one or two days is the most , after that down the hill . Investors are getting smarter and smarter nowadays not like b4 with the current lacklustre market quiet and dull .
WMA(5) is around 2.09 today. Private placement price is 10% discount of 5 days volume weighted price, which is 2.09 today. Looks like pp price should b set very soon at 10% of 2.09, which is 1.88, meeting the company assumption price in the earlier announcement.
Don't think they will fix the PP price now. Most probably after their quarter announcement and MRT contract award (if any). They would want to make sure that the PP price will be higher.
They did that in 2014.
1) Announce the award of RM350mil rapid project on 11th June 2014 (price jump from 1.71 to 1.86)
2) Fixed the price of the private placement on the 27th June 2014 ( fixed the PP price @ 1.68, 10% discount of the 5 day average price)
3) list the private placement on the 4th July (share price adjusted by 2 cents on the opening to RM1.84 to take into account the new shares issued from the PP)
dont think like this,got many possibilities. private placement can issue maximum 10% new share with not more than 10% discount.Thus,the board of director can give 5,6,7 % discount.
Tonylim in my information gadang plantation haven't mature and it doesn't affect bottom line also whether is loss or profit.hope to have more sifu give information too
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....
kancs3118
2,214 posts
Posted by kancs3118 > 2016-04-01 15:16 | Report Abuse
The sharp decline will come next week...and heavams will open up the opportunities for pondek like me to accumulate more at cheaper price.