Have a feeling it will pick up momentum within these few days. Today's movement created awareness, ppl will study and when they realised this counter worth investing, price will move up.
Additional Listing Announcement 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : ESOS Details of corporate proposal : Employees' Share Scheme No. of shares issued under this corporate proposal : 637,000 Issue price per share ($$) : 0.6400 Par Value ($$) : 0.10 Latest issued and paid up share capital after the above corporate proposal In the following Units : 341,829,486 Currency : Malaysian Ringgit (MYR) 34,182,948.600 Listing Date : 12/08/2016 Remarks: 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
if you follow this counter closely, you will see the previous Q lower net profit is due to increase in "impairment for doubtful debts", which is a one off issue. the revenue, however, increased.
so due to the lower Q net profit, price drop to as low as RM0.69. this is where the ESOS kicks in.
Go Marco, Noah, the ESOS issue keeps buzzing in my mind too. Will the newly-created 637,000 ESOS units be injected into trading so as to engineer another limit up? (Today limit up @ 1.08)
It looks like RCECAP wants us to play profitably in the money-earning game in a tactically-engineered mode so as not to distort its equity value while trying not to invite UMA red card.
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....
Nigel Low
1,463 posts
Posted by Nigel Low > 2016-08-11 14:18 | Report Abuse
Have a feeling it will pick up momentum within these few days. Today's movement created awareness, ppl will study and when they realised this counter worth investing, price will move up.