PP shares by now shud have already been allocated most probably at RM1.28. Market price tambah 10 % shud be around RM1.40. Shud not drop too much from here, I believed.After all, those 20% pp shares were not allowed to be trade within a certain period,rite?
zhungtze, with the prospect of this conter will be moving to the main board and giving bonus issue, which both will be proposed in the AGM tomorrow, you make ur own call.
Once shareholders approved the proxy in tomorrow's meeting, then I think Bonus Issue shud be "on".As it is mentioned in the circular that BI is not contractual.Approval of going into Mainboard definitely needs more shares & market cap when the above are met. If shareholder decide to vote against the proxy,then the worst case scenario in the circular applies. My guess is anything RM1.40 and below shud be a good price to buy in more,unless you want to chase when it starts rebounding later. Risk is always there in stockmarket..got to be ready to hold to make money.Just my 2 sen.
So far, from my observations,I haven't see any PP Proposal by companies being rejected.Its just a matter of market reacting to it after approval and it's dilution into market cap. I foresee a good 1st quarter result being announced soon if not tomorrow.
after 3 days drop at 1.39 (low)...sure today OCK will come back support at 1.42/1.45 and above... tthis week will touch 1.48 to 1.50...so, mari..mari collect now...1.40 still cheap...
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....
Dakewlest
1,763 posts
Posted by Dakewlest > 2014-05-23 19:07 | Report Abuse
Hope monday jatuh sikit, then i beli, then naik semula. :D