RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,207,787,815 NEW ORDINARY SHARES IN LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") ("LAMBO SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 483,115,126 FREE DETACHABLE WARRANTS IN LAMBO ("WARRANTS C") ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 12 AUGUST 2021
I have not talking about Lambo price movement since last yr, so this time down trend has nothing to do with me.
Suncostfallacy, RI, Monday only out, so many sing down Lambo to 7.5 cts, what U going to do, each 1 is 5K, 10 up there is 50K liao, get ready loh. hahaha
No. of Rights Shares % of total issue Total valid acceptances 222,147,853 22.27 Total valid excess applications 775,304,998 77.72 Total valid acceptances and excess applications 997,452,851 99.99
14/6/21 Allan, U may Q buy Lambo 1 ct now, after U get it Q sell 1.5 cts straightaway b4 consolidation. If not sold n the date of consolidation n RI are together, U have to sell back 1 ct on the day b4 consolidation. Otherwise, U can sell after consolidation n b4 entitlement of RI become X. If DJ bubble burst with huge pts like last yr, cut! I might be wrong, final decision is yours. Good Luck.
14/7/21 Allan, it's not looking good bec Market very weak. Have U bought the share at 1 ct yet? Chances of making money is quite slim, dont ever think about long term in this moment, dont ever think about subscript RI. There is only hope if price can close at 1.5 cts on 22/7 bec 23/7 is X-day for consolidation. So, be careful, if it looks like it can only close at 1 ct try to sell it off, bec after consolidate at 1 ct then price would be 25 cts, on 23rd, usually price fall easier at higher level. U can try to buy at 0.05 ct, (half ct). Good luck.
21/7/21 Allan, if tmr close at 1.5 cts then 23/7/20 should consolidated to 37.5 cts; dont forget to divide the number of shares U have by 25, b4 U sell, oversold the no. of shares will be penalise heavily!!! Take profit early in the morning even if it is lower than 37.5 cts. As long as there is profit sell!!!
10/8/21 Allan, that 20k was the earlier one isn't? If U buy 1 ct as I said n sell b4 consolidation then U only lost commission, but if U sold on the early morning of consolidation than U can make some money. I stated up here! There is still a very slim hope that after RI ex date on 12/8, if close at 22 cts, then lambo should be 22 + 50 /6 = >12cts. In normal circumstances, they might play up a few cts b4 RI subscriptin expired 27/8 to entice ppl to subscript. It happened to a lot of penny stocks that go through consolidation n RI.
if U want to play this type of gambling, must be very careful, buy at the right price (low) when they play up take profit, if they dont play up b4 RI subscription expired, U must cut. U must have the time to monitor. dont forget the risk of market crash is possible anytime, very risky. good luck
I don't agree with U but I don't 1 to tell U what I think, I might MSG Allan.
posted by Gtrade > Sep 11, 2021 10:48 AM | Report Abuse
Lambo will drop to 5c in the next 2 weeks. Than it will fluctuate between 4c-5c to give impression that it has bottomed out. during this time thousands of victim will come in and buy at say 5c.
If you had bought 25 lots at 0.01, your cost is 250. If you did't subscribe 5 lots ri at 10 cents, then your loss is 250-75=175 or 70%. If you subscribed ghe 5 lots, your cost is 250 +500= 750 and today the value is 6000 × 0.075 = 450 hence your loss is 300 or 45%. This will make uou feel better but in absolute term you lost more. The warrant value will be neglibible and insignificant
@Yu_and_Mee why do you say Glotec show may come to an end? They just reported good result although mainly due to disposal of gold royalty. Is it linked to the Lien Hoe gang?
Luckily cut mother immediately after ex and didn't subscribe. The OT even 0.5 cent also couldn't sell any the entire listing period. Real con stock. Thought maybe like Pasuk or Sanichi will run up before RI listing but never
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....
Risk Trader
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Posted by Risk Trader > 2021-09-10 12:22 | Report Abuse
down with high vol...lowest price will go around 5-6 cent