6.8 billion to be exact

It is stated in their proposal company intends to raise fund from conversion of warrant for capacity expansion. So the conversion price plus the warrant price Must be at a discount to the mother before investors will convert. Based on this scenetio, the mother price has to be pushed up much higher than the current

Hopefully they can fix the conversion price at 2.60 or higher so that they can push the mother price higher

Comfort filed for liating of warrant on 13th April, so SC should give approval by end of month Thereafter an AGM will be called before the ex date can be fixed. May easily take another month by which time the quarter result will be out by mid June. Must have the patience to reap the returns

The whole problem is Comfort has many call warrants Where it is the intent of IBs to suppress the mother price so that they can minimize or don't pay uponaturity, unlike Carepls which doesn't have any

Wait for warrant development. Pretty sure will goreng as it gets nearer

I have already recouped half my loss from comfort and astino. Why are you still stuck with this pariah stock? Let The boss fork out his own money for the rights issue.

@AllYouCanBuy You must be the happiest one. Hope You bought enough. I manger to buy half my quantity only. Closing Too fast

Is this a tiger or pussy cat? Lol

Will rebound today

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3148938
Sold another 1.32 million on 14th

Agreed Cikmuuda. I will come back whenever just before dividend is ex and run out after it goes back to original price

Hello. This is not a fake i.d. Please check my comments, already 1264. I was holding 102000 shares of Maybank and expected the price to go up towards the agm but sadly it remained at around 8.31 which is my cost after holding for about 1 month. I really can't stand the majority shareholder ASB selling everyday by the millions. Not pushing up to support the price is already Bad enough, selling heavily some more. I lost in terms of opportunity cost which I find not wise. I may come back towards the dividend ex date as from the price pattern, I don't think it can go very far

Have to thank FakeVaccines to alert me of this toothless tiger. I switched all to Comfort 2 days ago and now sitting on 100k paper gain

I am so thankful to have switched all from Maybank to comfort. Now recovering part of my massive losses

Per 1000 shares or 10 lots

Maximum is 21 cents per share held. The balance 17.5 cents must be cash

Please go away FakeVaccines

If you don't respond to the form issued, it's presumed you prefer all cash

For DRP, you will receive a form for you to indicate your preference after ex dividend and price fixing

Of course it's good to take up DRP as you can get about 4.5% discount from the adjusted price

Another very disappointing day. Hope they won't press anymore after Ex dividend

By trying to get 20 cents cheaper, they are forgoing 38.4 cents. Does it make sense? I think more so to make their withdrawal need

One way is not to look at the price but just focus on the dividend if is it enough for retirement need. It very stressful to see price not moving and others spiking

After AGM May retrace a bit, then up again towards ex date. With the new buy calls and impending dividend, There will be genuine retailers coming in

Should be going up until the AGM

Thanks for sharing Tollebunsmith

@Tollebunsmith All my retirement fund is in Maybank now. It was a very difficult decision for me as my favorite stock Astino is going up everyday but Maybank keeps walking on the spot. I just wondered if I have made the right decision

Ya, We live in bolih land, land of infinite possibilities

@Tollebunsmith, why you prefer to keep the price low? There's not many lots that you can purchase with the DRP at only 21 cents out of 38.4

Yes and the DRP price will be a discount of about 4.5% from the adjusted ex price

Wah Tollebunsmith, you really garang la, warn the fund managers!

The whole trouble is with ASB selling everday, most likely to cater withdrawal need

After the dividend adjustment If can attain this price, it's a good indication, the thing is how long after The adjustment?

The Actual dividend payment date can be stretched to 3 months after approval. Sooooo long wait.
Tollenbunsmith, I will only consider dumping after the DRP

Usually the time frame Is 1 year to achieve the said target

Wow! Suddenly so many buy calls

I still can't find a good reason why ASB Is selling everyday. Can anyone here enlighten?

Once the ticket Is sold, of course the sold ticket Will nit be entitled to dividend, there's no DRP time talk about

Can anyone explain why ASB keeps disposing everyday knowing jolly well attractive dividend Is in the horizon? If they want to depress the price for lower DRP, they stand to lose out a lot on their dividend entitlement

The whole trouble with the boss is pricing the rights issue too damn Low, Making the current price very very unattractive

I may be wrong. In their circular, they are pricing the rights at 17 to 50% discount. If no one convert warrant, then the exercise price is 12 cents. Marking up 50% gives mother at 18 cents

I lost a whopping 300k just this shit counter alone. Enough is enough

Yes. I switched to Maybank and will live on dividend for my retirement

OK. I sold all already. Good luck to those still holding. Adios

This is another Sanichi. We should boycott the rights issue and let the boss fork out his own money instead of us giving to him

From 54 cents pressed until 23.5 the answer is obvious

The warrant is trading at 52% premium and expiry is in December. Yet the mother is dropping everyday. Good luck to warrant holders

The rsi is less than 10, grossly oversold. Let's see if today can rebound

If you hold 100000 shares, you will be alloted 750000 rights to be subscribed by paying 0.08 x 750000 = RM60000