Posted by Bren21 > 2017-08-23 12:42 | Report Abuse

Guys...i have to receive any response from the company. Will let you once i have it, better i will cut an paste for everyone to see.

Posted by Bren21 > 2017-08-23 12:42 | Report Abuse

have yet *

Posted by stockistlearner > 2017-08-23 17:11 | Report Abuse

even they reply you also very formal and pointless one. got to sendiri jaga our own capital.

Posted by Bren21 > 2017-08-23 19:45 | Report Abuse

stockist...you are right here is the response.

Posted by Bren21 > 2017-08-23 19:45 | Report Abuse

Dear Rajan,



As stated in Section 2.3 of the announcement dated 18 August 2017 (“Announcement”), the Proposed Placement will be implemented through a bookbuilding exercise.



Therefore, the actual issue price of the Placement Shares (“Placement Issue Price”) has not been fixed. The Placement Issue Price will only be determined upon completion of the bookbuilding exercise in line with market-based principles. The minimum price was set at RM0.23 per share so that it equals the Consideration Issue Price (as defined in the Announcement), but should not be taken as the Placement Issue Price at this juncture.



In determining the key parameters for the Proposed Placement, the Board established a minimum fund-raising amount of RM122.7 million in order to be able to:



satisfy the cash portion of the Purchase Consideration; and



satisfy Ideal Jacobs group’s expected future working capital requirements.



Therefore, for illustrative purposes only and consistent with the key parameters as set out above, the pro forma outcomes/effects of the Proposed Placement as set out in table on page 10 of the Announcement (particularly on the items “Funds raised” and “Placement Issue Price”) should not be taken as the actual outcomes/effects of the Proposed Placement as the numbers will vary depending on the Placement Issue Price, which will only be determined at a later stage.



The Board will make relevant announcements pertaining to the Proposed Placement at the appropriate juncture.





Regards,



On behalf of the management of

Ideal Jacobs (M) Corporation Bhd

Posted by Sasuke ZX > 2017-08-24 03:02 | Report Abuse

Thank you Bren21

Posted by stockistlearner > 2017-08-24 10:08 | Report Abuse

Thanks Bren21.
So the worst case is 23c.but it can be also higher than that. but i am sure defintely much lower than existing price. this counter will be kept as my watch list.

Posted by Beyond Max > 2017-08-24 16:52 | Report Abuse

This is how I see the proposal, I am happy to see Ijacob rto with Widad business. But I dislike the Private Placement part. Why the company don't propose right issue @ 0.23 on top of the free warrants. With right issue and free warrant, this would not dilute the existing shareholding, at the same time benefit the existing shareholders.

Widad has its value because of the RM2.1b projects, I believe they are in the midst of contract negotiation. Would probably announce once the rto deal is succeed. So, please do not reject the rto proposal!!

Bren21, wonder if u can write another email to them, ask them to proceed the proposal with right issue instead of PP, as I believe all the existing shareholders will be happier with right issue instead.

Posted by stockistlearner > 2017-08-24 17:29 | Report Abuse

I believe the boss already have certain interested parties to buy up the pp shares then only they did such proposal. This can ensure the boss the money can come in surely. if right issue, it can't guarantee that all the RI shares to be taken up.
if the boss already have interested parties, the pp could b more favorable to them.as for retailers with share in hands, they dont really care.....

Posted by Beyond Max > 2017-08-24 22:46 | Report Abuse

Stockist is right, however, once the deal is on, i believe they dont want their share price to be lower, coz the Tan Sri will be the main holder and each dip of the share price is pain in his ASS haha

Posted by stockistlearner > 2017-08-25 11:20 | Report Abuse

see what the boss want to main. now we small kaki only can wait and see what level the pp price will be settled. they still have room to go down further. so it is better dont simply buy in at this stage as there is no reversal sign at all. let the big kaki settle themselves first.

Posted by Sasuke ZX > 2017-08-25 12:49 | Report Abuse

Waiting for the IJacob QR.. HOPEFULLY can goes up in Sept.. Isk..Isk..so sad..

Posted by Apple1977 > 2017-08-29 09:11 | Report Abuse

gg as 0.32 now

Posted by BBgsold > 2017-08-29 09:21 | Report Abuse

no more hope.........

Posted by hexagon > 2017-08-29 09:32 | Report Abuse

below 0.3 soon

Posted by stockistlearner > 2017-08-29 10:00 | Report Abuse

pretty high chance it will go below 30c. dont catch falling knife.

Posted by Kays > 2017-08-29 10:23 | Report Abuse

It's quite possible it will find bottom at the propose 0.23

Posted by wlun85 > 2017-08-29 17:39 | Report Abuse

Any update on this company?

Posted by Chua Zhi En > 2017-08-29 20:08 | Report Abuse

profit up???

Posted by stockistlearner > 2017-08-29 23:58 | Report Abuse

good result. 2 qtrs in total more than last financial year in total. if this also cant spike up then 100% no hope.

Posted by michaelwong > 2017-08-30 11:24 | Report Abuse

Now good results doesn't work and applicable when the market's sentiments is weak . All coming out with good results cannot impact shares prices. Follow the trend better still lah and at least we can make something out of the day..... Cheers !

Posted by wlun85 > 2017-08-30 16:15 | Report Abuse

technical rebound??

Posted by wlun85 > 2017-08-30 16:15 | Report Abuse

Anyone still holding this share?

Posted by tvz32 > 2017-09-02 15:18 | Report Abuse

Still holding on here. I reckon it will go back above 40 sen in next week

Posted by ran777rpt > 2017-09-02 16:33 | Report Abuse

Holding. Improving

Posted by bursahunter > 2017-09-04 03:29 | Report Abuse

the current result has nothing to do with its future prospect soon...dead fish rebound...breaking 0.30 soon...good luck..

Posted by emzekwhy > 2017-09-04 09:19 | Report Abuse

near term looks bleak. may touch below .30 before tech rebound.

Posted by stockistlearner > 2017-09-06 12:41 | Report Abuse

this counter is already being goreng. bankers already threw their tickets. short term wise dont expect anything from this counter. better look for other to play.

Posted by hklcheng > 2017-09-06 23:59 | Report Abuse

careful...below 30sen soon

Posted by tvz32 > 2017-09-07 20:33 | Report Abuse

Seems to have found a bottom around this price range

Posted by WM Niaga > 2017-09-11 12:33 | Report Abuse

Fly today???

Posted by ran777rpt > 2017-09-11 12:54 | Report Abuse

It is the other way round. Issue warrant is 23 cents and mother is 45.5

Posted by WM Niaga > 2017-09-11 15:52 | Report Abuse

Olrite.......Ijacob...BOLEH!!!

Posted by WM Niaga > 2017-09-11 16:00 | Report Abuse

Sold 39sen. TQ Ijacob

Posted by EngleeK > 2017-09-11 17:19 | Report Abuse

Tut tut

Posted by tvz32 > 2017-09-11 20:00 | Report Abuse

Show just got started. First target is to break the 40 sen barrier

Posted by Esperian > 2017-09-11 21:05 | Report Abuse

Steady. TP 0.80

Posted by preego88 > 2017-09-12 09:21 | Report Abuse

those who sold or did not average down are all bangging the wall. want a trend? look elsewhere. dont think they will stop untill cross 0.50

Posted by bursahunter > 2017-09-13 11:39 | Report Abuse

weak rebound, those got trapped better sell before it go back to 0.3

Posted by dreamsbillionaire > 2017-09-26 19:03 | Report Abuse

i look forward for a rebound in 2-3 weeks 0.45

Posted by Pgraduate > 2017-09-27 18:33 | Report Abuse

.80 in 2-3 months

Posted by bursahunter > 2017-10-03 17:20 | Report Abuse

0.30 in 2-3 days...

Posted by stockistlearner > 2017-10-06 14:24 | Report Abuse

as long as the pp price not yet announce, ppl also not dare to buy in.

Posted by edlpn76 > 2017-10-10 16:19 | Report Abuse

what happen suddenly hot cakes

Posted by Beyond Max > 2017-10-10 16:51 | Report Abuse

Bursahunter is wrong this time, breakout with volume, tp 0.5

Posted by Pgraduate > 2017-10-10 18:21 | Report Abuse

.80 within 2 months

Posted by sparta > 2017-10-11 07:46 | Report Abuse

https://klse.i3investor.com/blogs/sparta/134960.jsp

Posted by bursahunter > 2017-10-11 11:52 | Report Abuse

wow...they realise no buyer already so push up to trap more people...dont hold for long..sell while u can...once finish selling will drop like waterfall again...

Posted by Vanguard168 > 2017-10-11 12:44 | Report Abuse

Widad earnings and assets injections worth 0.80 at least... Jus a matter of time... Gogogo

Posted by bonescythe > 2017-10-11 13:50 | Report Abuse

widad business group go to Dataprp already.... lol