most of the ppl know the result is bad alr...drag until tonight only out..supose is 24nov..as long as this is a growing company and prospect OK ..then shd be ok la..just duno what the best entry price..😁
Very well managed company, only 1.8 mil loss during very bad times. Cash and cash equivalent rm58 mil, current liabilities only rm15 mil, non-current liabilities only RM 8.2 mil. What are you scared of? Accumulate now
PRIVATE PLACEMENT OF UP TO 85,847,000 NEW ORDINARY SHARES IN CORAZA REPRESENTING NOT MORE THAN 20.0% OF THE TOTAL NUMBER OF ISSUED SHARES OF CORAZA TO INDEPENDENT THIRD-PARTY INVESTOR(S) No. of shares issued under this corporate proposal 64,385,400 Issue price per share ($$) Malaysian Ringgit (MYR) 0.6300 Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000 Latest issued share capital after the above corporate proposal in the following Units 493,621,401 Issued Share Capital ($$) Malaysian Ringgit (MYR) 101,965,735.780 Listing Date 06 Sep 2023
According to TA Research, its core EPS for 9MFY23 was -0.1 sen. For full year FY23 it expects its core EPS to be -0.4 sen. That means TA Research expects Coraza's last quarter is also loss making.
On 22 August 2023, M&A Securities on behalf of the Board of Directors of Coraza had announced that Coraza fixed the issue price of the Placement Share at RM0.63 each, representing a discount of approximately RM0.0498 or 7.3% from the 5-day weighted average market price of Coraza Shares from 15 August 2023 to 21 August 2023 of approximately RM0.6798 per share.
Let see, if the price able to surpass this, this is the biggest private placement of all, maybe not now but somehow it would surpass this level and back to bottom. I dont understand how could sheet metal company could have negative earning per share and PAT. After all, it's not an end product company.
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....
Cakes Moon
6,801 posts
Posted by Cakes Moon > 2023-11-29 19:28 | Report Abuse
Coraza had been on downtrend since Feb' 09th, those who still own this shares are long term holders!!!