with issuance of 133,333,333 million shares and estimated proceed of RM28 mil, that will be 0.21sen for the rights issue........meaning is 22% discount from current closed.............and with free warrants too at zero cost.
Listing of the warrant expected to be around 0.01 sen to 0.05sen at least.
Overall the 28 mil is for expansion of biz, launching new outlets and products and capital expenditure.
So to me it is good proposal.......just my thoughts.,,,,,,,,,,,,,,,,,,,,you can beg to differs.
Earning is always very little. Overpriced. Always sucking money from investors through private placement and now right issues. I had sold all except 100 units remained as shareholder to watch. Made little profit already. So small counter with do many shares is really unhealthy. Carefull.
Don't dream. MD buys to push you buy only. He pays CIMB analyst to promote this counter since last year. Never reach the ideal TP. See its EPS, not worth holding. Sucking money counter. Right issues will suck your blood. Now syndicates push up and sell down same day. Careful
@ shortinvestor77, so short sighted and negative, you will get what you ask for the rest of us want Bioalpha to go all out and give its best. Still aiming for TP 0.52
Pay your rights issue first, Ammar. Then start your dream. I would not pay that. My investment in Dnex at RM 0.235 is better now as the price to date is 0.285. I have more realistic dream now.
They Amended the Rights issue to private placement??
19Sep2016: The Proposed Rights Issue with Warrants will be undertaken on a full subscription basis. Notwithstanding the above, in view of the decrease in the aggregate number of Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants to 133,333,131 Rights Shares, the Undertakings and Additional Undertakings of the Undertaking Shareholders has been amended as follows:
Substantial Total number of shareholder Rights Shares to be subscribed (No. of shares)
Hon Tian Kok @William 44,130,765 (33.1%) PNS 89,202,366(66.9%)
(1) Based on the Undertakings and Additional Undertakings for the aggregate number of Rights Shares available for subscription pursuant to the Proposed Rights Issue with Warrants.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
Pui Che Hong
162 posts
Posted by Pui Che Hong > 2016-09-08 05:55 | Report Abuse
Ask investors to invest more, company is expanding. If ask money to pay loan then need to think twice