So far EPF and LTH havent dispose their shares in this company, they are staying.. Something going on in here.. If EPF and LTH know the company will default, definitely they will dispose their shares..
yaya Risk Trader, I agreed with you. For the next few weeks later, accordingly current trent, it will pecah again and drop further to 10 cents, then can enter buy sure later will rebound.
Those who think bondholders want only 50% of their capital investment? Think again.. Think EPF and LTH gonna stay this company and let it get burn? Think again.. Definitely they all stay..
learn from swiber, the co had last debt to equity at 190% , while perisai is at 110%, ezra which is perisai main shareholder also in difficulty with 150% debt to equity.
if the parent also in trouble how are they going to help perisai?
perisai finance cost stood at 25% of revenue , would be perisai sustainable operationally without debt restructure?
current spike may be due: -people gamble on the outcome of 3rd oct - last minute effort to raise share price for negotiation purpose on 3rd oct
Swiber has shown, it might not be as easy as it looks when it comes to raising capital. Right now, perisai & Ezra is at the mercy of its bankers, & bondholders.
can perisai renegotiate to extend the bond maturity period to feb 17?
even if they do succed, would they still able to pay its RM700mil debt in feb2017?
bear in mind 3rd oct is monday, the meeting with bondholder will be held in singapore, while in Malaysia it is public holiday. any news will surely affect the 4th tuesday trade gap up or down. what is your bet? opinion?
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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....
richkid
8,140 posts
Posted by richkid > 2016-09-20 14:09 | Report Abuse
Another suma in the making...below 10 sen coming?