On behalf of the Company, Kenanga IB is pleased to announce that the Company has fixed the issue price of the sixth (6th) tranche of the Proposed Private Placement comprising 7,380,000 Placement Shares at RM0.20331 per Placement Share.
The issue price of the Placement Shares of RM0.20331 represents a discount of approximately 10.0% from the five (5)-day volume weighted average market price of Perisai Shares up to and including 12 August 2016 of RM0.2259 per Perisai Share.
If you see Perisai 1st Quarterly Report (31 Mar 2016), this company still got profit compare to other Oil & Gas companies, wonder why it shares didn't rise so much this year..
What is a 'Private Placement' A private placement is the sale of securities to a relatively small number of select investors as a way of raising capital. Investors involved in private placements are usually large banks, mutual funds, insurance companies and pension funds. A private placement is different from a public issue, in which securities are made available for sale on the open market to any type of investor.
Reference is made to our announcements of 20 August 2013, 3 October 2013 and 18 July 2014 ("Announcements"). Unless defined herein, all italicised and capitalised terms used here shall bear the same meaning as ascribed to the same in the Announcements.
The Company wishes to inform that it will commence discussions and engage with the holders of the Notes with regard to the upcoming maturity of the Notes on 3 October 2016.
Did the investors realize of the perisai announcement on Friday (19 Aug 2016) regarding the CONTRACT FOR THE PROVISION, LEASE, OPERATION AND MAINTENANCE OF AN FPSO FOR THE EARLY PRODUCTION SYSTEM OF A DEVELOPMENT BLOCK SITUATED IN THE NORTH MALAY BASIN, MALAYSIA? Why this counter haven't fly yet?
The way it is performing, it could go down to below 20c. So so cheap to collect and wait for crude to bounce back, doesn't matter if it takes another year.
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....
albertwarrior
1,135 posts
Posted by albertwarrior > 2016-08-15 10:48 | Report Abuse
http://www.cnbc.com/2016/08/14/oil-prices-edge-up-on-potential-producer-action-to-prop-up-market.html