I still remember how Ranhill bosess ditched us minority share holders back in 2011 and offered a ridiculous buyback price after they have been accumulating during the Arab Spring. Instead of growing together with the minority shareholders, they wanna gain everything themselves after the end of the Libya civil war. Now, wanna listed back at RM1.70? Go and play with yourself.
The bosses sure will makan all your IPO money and then delist back after few years. You gained nothing from it. Dun get trapped.
from what i get info from my china friends is that, country like china the water is free. if ranhill got company there,for sure they will bangkrap soon.
Investors still remember how the directors kept quiet after their Petronas license is cancelled. They only disclose this critical information after SC reprimanded them. Won't be fooled again by these bunch of dishonest wolves.
It will takes at least 2 weeks to get your TP - 30 cent and if you are lucky, it can rebound back to 50 cents in the next few years. The question is, can you wait that long?
KUALA LUMPUR: Ranhill Holdings Bhd made a lacklustre debut on the Main Market of Bursa Malaysia on Wednesday amid a cautious market.
It opened at RM1.10, which was 10 sen below its initial public offer (IPO) price of RM1.20.
At 9.05am, it was trading at RM1.08. There were 48.60 million shares done at prices ranging from RM1.05 to RM1.15.
Ranhill priced its IPO at RM1.20 per share, 30% below the indicative IPO price of RM1.70
It had also reduced the issuance of shares to 322 million shares compared with around 475 million when it was originally planned.
It will raise some RM386mil from the exercise as opposed to the earlier targeted RM637mil.
At the final price of RM1.20 per share, the offer values Ranhill on an earnings multiple of nine to 10 times its financial year 2015 (FY15) earnings, lower than the 14 to 15 times it was hoping to fetch if it got to price its flotation at RM1.70 a share.
Tan Sri Hamdan Mohamad is president and chief executive of Ranhill Holdings.
Hi evreybody why no stock charts one , I heard ranhil today down more than 10%, is it real, any bad news for ranhil why all the way down one for first day very rare happen like that , can expalin guys . Thanks a lot ?
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....
Mohd Fahmi Bin Jaes
29,216 posts
Posted by Mohd Fahmi Bin Jaes > 2016-03-16 09:01 | Report Abuse
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