Pp price shd not be less than 10% 5 days vwamp . If market price higher than pp price also higher. This is interesting, just imagine, if u are offer at at price just one or two sens below the market price, are u willing to accept?
I m willing to accept ONLY, if i forcast by the time i receive the shares, at least the offered price is still lower than the market price. Unless market downturn.
Oh, just for custom rules n regulations. They hv to make some indications, plus min n maximum scenerion for all rights issues. We dont hav to crack head on that.
last time company failed to raised 83m via PUC-LA, shortfall of 40m this time if need 40 m private placement got to b 35-40 sen !!! If want to raise only 20m then placement @ 18 sen . That mean mother got to be 20 sen !!!! PUC-LA can up to 9 sen !!!
Asfar as i know , for rights issue, there is only minimum or maximum fund raise. To raise minimum, a must ,in case undersubscribe by shares holders , major shares holders are cumpulsory to apply the shortfall. If not there is an underwriter. All these are prerequisite for such proposal
its not selling , its transfer to offshore account only. La now trading at 12 sen level indicate mother is going to have very big jump soon. I forecast the price fixing will take place next month if PP need to complete by 2nd quarter. I also forecast PP will be around 15-18 sen, then mother got goreng to above 19 sen to attract the PP investor. can buy mother n LA !!!
"Datokim last time company failed to raised 83m via PUC-LA, shortfall of 40m this time if need 40 m private placement got to b 35-40 sen !!! If want to raise only 20m then placement @ 18 sen . That mean mother got to be 20 sen !!!! PUC-LA can up to 9 sen !!! "
If PUC goes to 20 sen, the PUC LA is theoretically worth 15 sen, because the option 2 for PUC LA to convert to PUC is 1 PUC LA+5 sen cash ...do you know it ? so for smart investor will buy PUC LA instead of PUC ..
it is really a new info to me . Raising of fund tru pp is at a predetermine price fixing at 5 days wamp before price being fixed. Total shares issues shld not be more than 10 % pay up capital. IT IS NOT THE MARKET PRICE THAT DECIDE THE FUND TO BE RAISED.
Market price determines maximum of 10% discount. Can actually placed new shares at prices way above market price but who wants to take up at high prices?
Yes, usually 5 to 10 % below market price. The placees are not stupid, they always with calculators arround. They take the risk but they have their motives n expectation. Look at pworth again, a very good examples.
PP is good. mean investor is bright enough to the PUC (on the other hand, dillution of EPS we must expect, PUV-LA, WA and WB) PUC-LA, firing up to 6.5 cent today representing 0.13 of PUC (2PUC-LA : 1PUC) or 0.115 (1 PUC-LA+0.05 cash)...
i would expect the share price of PUC will soaring after long slept of one year (after right issue). And lastly i bought PUC-LA at 0.03 from end Dec till early Jan.. (what a handsome gain in 2 month).
My patience after right issue finally paying off.....Goreng mode is on, it's too late for you too buy PUC or PUC-LA.
Now look like option 1 is no more relevant, That's why somebody is keep sapu LA !!! you tell the whole world on option 2 so may be tomorrow onward everybody will be only interested in LA but again the capital involve is too big !!! also if you are not part of the "player" once you send for conversion mother will be press down again !!!!!, look like small timer got no choice only can buy mother ..............or may be some Wa n Wb
The Board of Directors of PUCF wishes to announce that the Company had on 6 March 2017 incorporated a wholly-owned subsidiary in Singapore under the name of PUC (SINGAPORE) PTE. LTD. (“PUCS”) ("the Incorporation") with an initial paid-up share capital of S$1.00 comprising of One (1) ordinary share.
PUCS will be principally engaged in investment holding, e-business, e-commerce, e-payment etc.
The Incorporation is not expected to have any material effect on the share capital and substantial shareholders' shareholding of PUCF nor any material effect on the earnings, gearing and net assets of PUCF and its subsidiaries for the financial year ending 31 December 2017. None of the Directors and/or major shareholders of PUCF and/or persons connected to them has any interest, direct or indirect, in the Incorporation.
On behalf of the Board, Mercury Securities wishes to elaborate on PUCF’s proposed utilisation of proceeds for the expansion of its technology business and working capital as stated in Section 2.6 of the Announcement.
On behalf of the Board, Mercury Securities wishes to announce that the additional listing application in relation to the Proposed Placement has been submitted to Bursa Securities on 10 March 2017.
On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities has, vide its letter dated 13 March 2017, approved the listing of and quotation for up to 109,444,884 new Shares to be issued pursuant to the Proposed Placement, subject to the following conditions:
(i) PUCF and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Placement;
(ii) PUCF and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Placement; and
(iii) PUCF to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Placement is completed.
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....
Lk036
929 posts
Posted by Lk036 > 2017-03-05 15:44 | Report Abuse
As pp indicative price is 0.085, guess 0.085 is a bit difficult to get now, 0.09 maybe but 0.095 easily now. Any input?