just feel pity this stock. many other company also having a bad QR but they just drop that day then gap up or maintain. but this company. maybe is because of not net cash company so cause all the investor throw it.
cy91 cause this company no pay much dividend. Cause Compare YTL and WCT, this two company having much debt. Maybe YTL paying higher Dividend so many investors are like.
Blowwater, i think in share market, PE is just for refer. mainly also have to see investors reaction. If investors throw, How PE low also nobody will care. Cause long term and short term are different mindset. long term hold for better fundamental.short term is for profit margin.
drogonfai Yes, I agreed with you. PE just for refer. This company maybe is a hope for long term. Maybe should using dollar averaging to invest this company. Regret to put in one shot in Mitra. Now have to find money to subscribe RI.
If a company call for a rights issue exercise, usually there's cash flow problem.
If it's for big projects, then it's acceptable. But if it's for bank repayment, then this is fucked. Why should the company repaying the bank loan with shareholders money? They should not have taken the loan in the first place if they cannot service the loan.
This will further dilute the earnings of the shares. I am always not a fan of rights issue.
The price support at 0.945 reached on 5 Oct 2015 was breached today.If the bearish tone continues expect the stock price to hover lower to the next price support at 0.52 reached on 8 June 2015.Hopefully the coming 3QR will be reasonably good to lend support to the stock price.Just to share from the Technical Price Charts.Such analysis can give useful guidance to the investors whether to Buy,Sell or Hold.Good luck and be a smart investor.
MRCB has been a con counter since 1980s when they always ask for rights issue to get public funds and then the Co. got into debit problem. The directors & Mgmt are always laughing at the retail players like us and enjoying their perks and fat directors fee/salaries .... and they have no sense of responsibilities or shameful when the Co. goes into debt problem. Well just move to another companies as directors again since they have the titles behind them.
I think the rights is a good deal for shareholders... you get a free warrant and a free share for every 2 rights shares subscribed, and rights are very attractively priced. The indicative rights price of 68 sen is less than the nta of the company.
a good business should be able to generate enough cash to pay debt. not asking for more money from shareholder. seems like my previous call to avoid is correct.
Really kena burn Kao kao, check it was fundamental OK company, thus invest. Mana tau Director take it as granted on retail investors. By looking on their management decision, never drop a sen on this one again.
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....
sasword
1,169 posts
Posted by sasword > 2017-10-16 13:21 | Report Abuse
Sxhai glc and gov are both leading us to hxll, need to banish them