"gsrajan I am a newbie, bought some PUC mother shares today @ 0.095. I wish to know about PUC WB. whether it is worth buying at current price of 0.03"
you should buy PUC LA instead...because PUC LA is a interest-receiving non-burnt warrant equivalent ..with conversion of 1 PUC LA + 5 sen cash into 1 PUC (second conversion option...first conversion option is 2 PUC LA into 1 PUC) got it ?
smartrader2020, WHY KEEPING NUMB REGARDING PUC?????????been buying from 100, 95 and 90 after your BEAUTIFUL stories on PUC...but now going down to 85 sen!
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PUC FOUNDER (MSC) BERHAD ("PUCF" OR "COMPANY") PROPOSED PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PUCF ("PROPOSED PLACEMENT")
KUALA LUMPUR (March 3): PUC Founder (MSC) Bhd plans a 10% placement or up to 109.4 million shares to raise RM9.3 million to fund its technology business expansion which would enhance the group’s performance.
In a filing with Bursa Malaysia, PUC said the expansion involves its electronic commerce and payment, advertising and media, and related business including research and development, and software and intellectual property software.
It said the indicative issue price is 8.5 sen per placement share, representing a discount of 9.6% to the five-day weighted average market price up to Feb 28 of 9.4 sen.
Subject to the relevant approvals, the proposed placement is expected to be completed by the second quarter of 2017.
PUC's share price closed flat at nine sen today, valuing the group at RM98.5 million.
Usually when there is a pp, the price will maintain at a certain level expecially after price fixed so as to make sure it is successful. If price fixed n market price lower than that no private parties interested to buy. This u can study pworth
Private placement is common, those who accept pp are like certain quaters , buying at a discount n hope to sell to others at a higher price. To me, no point argueing or worrying. Take the opportunity or leave.
One or a few cases dont mean others the same. Some say stock market too risky, better leave becos they loss a lot, but still some have the reverse opinion. It is the angles we are looking from. Offcourse, our strategies n attitude . Look at yongtai, selling to the chinese at $ 0.80 , pworth pp at 10 to 10.5 sen. If we took the opportunities, expecially ytai, huat lah. This ytai, about a yr ago when i told my clients placement to the chinese parties at $ 0.80 (market price around the same ), they said to the china men scare lah. Now regret
Jay, I guess you hv interst in this company. This company do made some profit although not big but it is a growing company with good business for future. Any comment? I miss the opportunity to buy when price ard 0.06 to 0.07.
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....
cytew
1,610 posts
Posted by cytew > 2017-02-25 11:51 | Report Abuse
"gsrajan I am a newbie, bought some PUC mother shares today @ 0.095.
I wish to know about PUC WB. whether it is worth buying at current price of 0.03"
you should buy PUC LA instead...because PUC LA is a interest-receiving non-burnt warrant equivalent ..with conversion of 1 PUC LA + 5 sen cash into 1 PUC (second conversion option...first conversion option is 2 PUC LA into 1 PUC) got it ?