this is the advantage of TA. We know when to enter and exit. It's going down 2 straight days after I've cut my losses. Once the stock is in downtrend we never know how low will it go.
Wegmans is a company which had just been listed to raise capital for expansion. Their products are manufactured mainly for export. Due to the depreciation of RM to USD, they might be reporting increasing profits in the coming quarters, Personally, I would accumulate more of these stocks when there is a price drop within the price range that I want.
On behalf of the Board of Directors of Wegmans, RHB Investment Bank Berhad is pleased to announce that the Company is proposing to undertake a proposed issue of 125,000,000 free warrants in Wegmans (“Warrants”) on the basis of one (1) Warrant for every four (4) existing ordinary shares in Wegmans held on an entitlement date to be determined and announced later ("Proposed Bonus Warrants").
Further details of the Proposed Bonus Warrants are set out in the attachment.
Tenure : 3 years commencing from and inclusive of the date of issue of the Warrants.
Exercise Price : The amount payable in respect of each new Wegmans Share to which a Warrant Holder is entitled to subscribe for on exercise of the Exercise Rights, being RM0.30, or such price as adjusted under the provisions of the conditions as set out in the Deed Poll.
ESTIMATED TIMEFRAME FOR COMPLETION Barring any unforeseen circumstances and subject to all required approvals being obtained, the Proposed Bonus Warrants is expected to be completed by the first quarter of 2019.
expenses a lot in advertising and listing during first quarter, thus profit confirm down compare 2017...but revenue is up....everything is good...can hold for long abit....
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....
yeeling
145 posts
Posted by yeeling > 2018-10-07 21:52 | Report Abuse
Tomorrow Fly !!