"Because issuing bonus shares increases the issued share capital of the company, the company is perceived as being bigger than it really is, making it more attractive to investors. In addition, increasing the number of outstanding shares decreases the stock price, making the stock more affordable for retail investors."
24 Aug 20 31 Dec 20 Q2 Jun 20 20,058 3,543 2,574 0.86 0.25 0.220 Malaysia Stock - KLSE Quarter Report History 55% Malaysia Stock - KLSE Quarter Report History 11%
This company may sees itself undervalued and expecting its share price to increase beyond retail investor's reach in foreseeable future. This is justified because current price is at only half of industry PE ratio and still nett earning is increasing despite at worst of pandemic quarter.
Panic sell just now may have become a costly mistake.
So that you know i made 11 cents over 2000 lots in this afternoon pump n dump scheme. Lost 1.3 cents over 5000 lots in morning. Nett 14k$++ profit today here. Nett 81k$++ over 2 days. This pump n dump has resulted in a shooting star candle at close. Its a trend reversal. It will go lower than 1.00 in a couple of days. As in any pump n dump if you happen to be on the pump side you will make money. If you happen to get caught in the dump side you will lose money. So for newbies dont get fooled by bonus, fundamental etc. Its a goreng speculative stock. For a touch n go quick plays. Not for keep.
If you want for keep, go after PELIKAN. I already piled up $2.5 mil in. I will add another $2.5 mil tomolo. In a couple of months or so, i will double this $5mil to $10mil.
I am a newbie too. Is a bonus issue statement a good or bad news usually? Based on the announcement, will the bonus issue to averaging price for past 3 months?
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....
2225566
43 posts
Posted by 2225566 > 2020-08-24 16:35 | Report Abuse
Thank you, opensys. I have reached my TP. Time to bid farewell....
Happy Trading ...