The last PP subscription price is 0.154, is lowest so far and yesterday closed market average trading price also lowest, only 0.166. So is more clearly they press down the price more and more, so far the PP only subscript 32m from 159m, around 20%, still have 80% to waiting subscript, yesterday closed 0.165, if next week touch 0.16 then the share price will press down again, and next monday's volume limit is only 25m.
nklye, The bank is sure only have one intention, thats profits, e.g: like now PUC PP, so far the highest subscription price is 0.168 and the lowest is 0.154 and still press down, the PP is 159m shares, after completed and slightly push back to 0.18-0.20, the bank is already profits 4-5m, while the ikan bilis? maybe some collect now can get a bit pocket money or few meals, but who bought above 0.20 will still stuck there. In both parties (company and bank), definitely PUC is loser in this PP subscription agreement, cause they failed to raise enough of their target's fund, unless the both parties agree to push back the share's price (this possible is very low).
@Anthony, in this case, for those who collected at 17 cents need to hold too. If it dive lower than 15, I strongly opine to only collect when it’s lower. If PP is 14, we collect also at 14. There is no other options for now unless somebody can break this cycle her. Anyone?
Don’t do any averaging and if Seller do not sell, this PUC will still win! Because Seller keep selling it due to price war, giving in only meant to give up upon yourself.. that is why Bankers are able to collect low.
my advice, DO NOT SELL. THOSE TRAP ABOVE 20, there isn’t much u can do for now, cut loss will cut deep into your pocket unless your bank accounts are big enough, BUT WHAT IS THE POINT?
if Seller hold, no way Buyers can buy. ITS ALL UP TOYOU to follow my advice or not.
http://www.klsescreener.com/v2/news/view/417060 KUALA LUMPUR: 11street, one of the leading online marketplaces in Malaysia, is seeing a new revolution that will further enhance the user shopping experience and make significant contributions to the digital economy in Malaysia.
This transformation comes on the heels of a strategic partnership between 11street and PUC Ventures Sdn Bhd.....
sonyx123, as expected, coz PP still accumulating and price will be pressed down in order to get the subscription. Try to see it from another view. PP accumulating which is good.
When market is hot, most will cut loss over PUC and move on with other counters, like FRontkn, Eforce,FPGRp and lots more.
I am waiting for price to keep falling down. I don't mind it fall and I don't mind it goes up.If it goes to a support, I'll enter with big. I'll still look into PUC becoz their future is bright. I will hold it for my mid to long term investment.
0007 PUC PUC BERHAD Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Private Placement Details of corporate proposal : PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PUC BERHAD No. of shares issued under this corporate proposal : 4,000,000 Issue price per share ($$) : 0.1536 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 1,630,476,344 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 197,071,818.700 Listing Date : 13/08/2018
im very sad to see all the people here only focusing on share price and cheap.is what they see... When you see what Presto doing you wil regret, this is failure in product amd mgm, purely shell/news/goreng
Sitia, the last PP subscription is 9 August, maybe today or tomorrow will have another new subscription, if today announce, so the subscription price will lower than 0.15 and see how much they subscript, you may predict the share price trending from their subscription, here is the example: 1, if the coming subscription units still low like before (>10m), its to mean that the share price will be STABLE HERE OR BELOW. 2, If the coming subscription units huge (50m and above), its mean that the share price will be STABLE HERE OR ABOVE.
This is what I get from my home work, hope can help you guys.
The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcements dated 7 June 2018, 8 June 2018, 12 June 2018, 28 June 2018 and 17 July 2018 in relation to the Placement.
We refer to the Company’s announcements dated 7 June 2018, 8 June 2018, 12 June 2018, 28 June 2018 and 17 July 2018 in relation to the Placement.
The Company wishes to announce that PUC had issued a termination notice to Macquarie Bank to terminate the Subscription Agreement entered into between PUC and Macquarie Bank and Macquarie Bank has accepted the same on 16 August 2018. Pursuant thereto, the Subscription Agreement will be terminated effective from 16 August 2018 after both parties have mutually agreed to waive the notice period of twenty (20) Trading Days, as stated in the Subscription Agreement.
The Company’s decision to terminate the Subscription Agreement is made after taking into consideration the current market condition and to allow PUC to seek for other potential investors to subscribe for the Placement Shares.
@Anthonyloh bro, thank you for announcing here diligently. First PUC have terminated the agreement for PRIVATE PLACEMENT in open market. So far, they have bought over some shares and what will happen to those shares? Does it mean they will sell bak in open market again?
I think it's a good news for PUC investors. PUC' s price was pressed down from the range of above 0.20 to present level since the said bank involved in the PP. Perhaps PUC may have anticipated the price to continue to go down if nothing is done to terminate the PP and to look for other alternatives that can give confidence to investors and traders to participate in the company's biz...
Big players Will start disposed this afternoon...throw n throw n press down below 0.10....tp0.10!!!all the best for those who bought above 0.20!!!!kikiki....but long term still good to keep it tp0.10!!!
Morning Sitia, Actually not Macquarie Bank scare of the market sentiment, as what I mentioned before "PUC is loser in this PP subscription agreement, cause they failed to raise enough of their target's fund," and in this agreement, both parties have the right to terminate the agreement via notice.
And same as I mentioned before "I thought PUC PP price at least can get over 0.20 after discount 10%, at the end the price lower than proposed price 0.183, if 0.183 they can get RM29m and pay the acquisition of 11 street for RM40m, even 0.183 they still less RM11m for acquisition, now the PP price lower and lower, so the gap more and more big. the last payment date for acquisition 11street is end of this month, see how they pay it, maybe they have other way."
So PUC forced to terminate due to failed the raising fund target and will find other investor to continue the PP.
Daily8, So far Macquarie Bank only hold 32m shares, even they want sell via open market also not much effect the share's price (maybe fluctuated 1 or 2 trading days ).
Conclusion: Now PUC should faster find another investor to continue the PP, the PP price should be around 0.20 or above after discount so as to enough the target sum of fund raising.So I believe the current share price never slide again.
Tips: If the new investor continue the PP in ONE TIME subscription, after announce the Fixed Price, its the time you sell off.
I think my home work almost done here and hope can help a bit you all. Good luck and happy trading!
Thanx bro for the comment above. I understd PP is good. Unfortunately or fortunate PP is cancelled I wonder...I feel PP is good just size of funds is just too big for mcquarie
Southeast Asia is slowly becoming the new battlefield for e-commerce platforms as more of them establish a presence in the region.
Right now, the two largest platforms are Lazada, which is controlled by Alibaba Group Holding Ltd, and 11street, which is operated by Celcom Planet Sdn Bhd — a joint venture between the subsidiaries of Axiata Group Bhd and South Korea-based SK Telecom....
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....
djibaok
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Posted by djibaok > 2018-08-11 00:06 | Report Abuse
tidur 3-5 tahun tak bangun2