In anyway... buy only with the mindset of keeping for long term. Goreng sure die. Good luck trading guys. Banker can easily throw out 5 to 10million units
This is their tactic to cut off off and benefit from short term trader. Buy say 10% of your investmemt portfolio max and dun keep on buying. 20 cents is very possible. This trend is on for 2 weeks di. Every midday up 1 cents then down 2 cents. Simple but effective. Dun get con.
Like I mentioned before, no reasons to buy now. Good news when it was high was used to press down, good news when it was low, was used to trap investors and press down again.
If this trend continues on... we will see 20cents by next wednesday. Cut loss if u want. Keep for 1 year if u can. Dun come back to goreng it. Consider ourself lucky not to be trap at rm2.0 last time. Imagine i have a friend who still cant sold this stock since the time of rm2. Seriously....
To all investor. Please dun buy. Tomorrow it will shoot up to 29 cents and then drop to 26.5 cents. This is so scripted everyday. Stop cutting loss and paying money to the banker. Invest in more stable stock. If bought just keep for 1 year. Leave it as it is. 20 cents is a real possibility. No real support here.
The price will increase back after the project money comes in reflected on the qr. TP for low will depend on the banker. But chat group updated and say 20 cents is very possible now. Just stop all anzo activity for now. It is unpredictable.
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 17 December 2015 and 8 January 2016 in relation to the Rights Issue with Warrants, where applicable, unless stated otherwise or defined herein.)
On behalf of the Board, Mercury Securities wishes to announce that the Company has resolved to fix the issue price of the Rights Shares at RM0.20 per Rights Share (“Issue Price”) and the exercise price of the Warrants C at RM0.20 per Warrant C (“Exercise Price”).
The Board had fixed the Issue Price after taking into consideration, amongst others, the following:-
(i) the funding requirements of the Group, details of which are set out in Section 5 of the circular to Shareholders in relation to the Rights Issue with Warrants dated 4 March 2016;
(ii) the TERP of RM0.2345 per Anzo Shares, calculated based on the five (5)-day VWAP of Anzo Shares up to and including 5 May 2017, being the last trading day before the price-fixing date of the Rights Shares and Warrants C on 8 May 2017 of RM0.3122; and
(iii) the trading and liquidity of Anzo Shares.
The Issue Price represents a discount of approximately 14.71% to the aforementioned TERP.
The Board had fixed the Exercise Price after taking into consideration, amongst others, the TERP of Anzo Shares. The Exercise Price represents a discount of approximately 14.71% to the aforementioned TERP.
Jadeschira, they want to raise money by offering new shares to existing shareholders at discounted price. In this case, RM0.2 per new share. If shareholders accept, they will have to pay RM0.2 per share to subscribe and Anzo will get money.
up to 655 mill new shares can/will be issued and 3 free warrants for every 6 shares subscribed to.
happy888, depends, if you bought them at a discount when they are listed. What will happen is, if you are listed as shareholder at a certain fixed date, you will be given the chance to buy these new shares at RM0.2. Hence why it's called rights issue. Rights for entitled shareholders to buy at discount. If you don't want to sub, can sell on the market like normal shares. But usually the 'age' of these rights is 5 trading days. Those who subbed, will get the new shares at a later prescribed dates and also warrant C.
655 million shares to be issue with a pricing of around 0.2 each means 130million is expected to be generated. Tinta anggun project definitely dun need that much of money. Is that money used for the 1.2b project where MCC will fork out a big amount and the rest from them? If it is seems like they have gotten wind of getting the LOA. If yes then it will be very good. At least short term wait of 1 year is possible. Not 5 years. Although my mum has much much more patience than me. Her dutch lady stock was hold for the 20 years. :)
3 warrants for every 6 shares issued... hmmm.... looks interesting. That is like super discount. Hypothetically... i can subscribe all the shares that i am entitled to... and sold off all the current 33 cents. That would seriously be a good way to average down our price? Sorry i am a newbie. Would like your opinion on whether this thinking is correct or not?
Look like following kgroup tactics...Issue rights with free warrants.. you may tHink it's discount for you. Look at kgroup share price now, already dropped below rights price..before rights issue is in placed, the share price pushed up just to trap you by let you think the rights is discounted for you.... Although you may gain some from the free warrants but overall you will still lose... DONT GET TRAP! KGROUP is a very good example..
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TP 36c