They’re hedge funds and can be administering funds on behalf of some big investors to buy into Vivocom. Question is their present is for short, medium or long term?
People coming with big fund to buy your shares, but you selling it cheap? That is odd. 9% share is equivalent to 81,540,000 units. If they buy at 0.50 cents only cost RM40,770,00.00 Why need to bring in RM1.452 billion?
A Heads of Agreement, properly drafted, is a non-binding document which sets out the key terms of a proposed agreement between parties. It is commonly used as part of the process of negotiating commercial transactions for example, the purchase of a business.
Probably the price is not going up despite with this news. So just cautious and understand before we invest. Else, it will be any sand news, change name, free warrant for loyalty shareholders and etc.....
In my opinion if vivocom want to get max return from that investment, they should sell at higher price. And if i am the investor, i would rather buy the shares in the open market to get it cheaper. Or else, like the above poster said, it will be just any sand news..etc.
I am just putting myself as an investor, which I agreed with @pm74gg, why not buy from market which is cheaper? if I want to buy direct from the boss, what is my return? If I keep seeing the price keep dropping, as an investor, do we have confidence with this counter?
As per the terms in the HOA, the Hedge Fund will purchase/subscribe to Vivocom share in tranches no more than 9% and to a maximum value of RM1.4 bil. This means they will subscribe as the share price go HIGHER in tandem with the business growth, M&A and etc. (within 18 months). Apart from the HOA, no rule is stopping them from buying in the open market (probably been buying these few days).
There are plenty of reasons for it but I do not have a direct answer to your question. As you have said, as an investor, you're putting in money for investing for the future of the company which rewards you in terms of its share price appreciation. No doubt the share market is full with speculative activities, buying or selling is your choice.
Old news from Feb 2021 (from above headlines section):
“The market for sand export is extremely humongous and will fuel the Group’s rapid growth for several years. This RM3.79 billion ‘Win’ is the first of many more to come.”
“I have in fact urged my team to secure up to RM10 billion worth of sand contracts by the end of 2021. This is part of our overall transformation strategy, which is to emerge as a multi-billion conglomerate,” declared Dato’ Seri Chia.
******* Anyone has any input iro the direction/progress of this sand business?
haha finally vinvest..if you follow this stock from instacom days usually name change will fry a bit next day that is why price supresss a bit first hehe. Maybe quick play next week can lo. If mother up 10% to 55-56c warrant will shoot up close to 25% cause warrant sold down like hell today. try nia fast money he he
based on friday pattern 48.5 seems to be lowest point this round. Hope for aggressive bounce monday to above 55c for the name change. hope history repeat itself
on Mac i sold all at 0.91 now only 0.49 really con big time.....those trap above 1.10 i think all gone case......i remember so many show hand bet VIVO.....malaysian market too many conman put out fake news & goreng stocks......i've been out of malaysia market for almost 4 months just look at the price since then........really no hope......i was overly confident too but stopped my losses on other counter......really lucky or else could have loss 6 figure.....go check any counter in case you guys kena or not.....i kena a few also (except VIVO) make 6 figure lose 6 figure waste my 1 year time https :// assets. theedgemarkets. com/pictures/SR_2_TEM1337_theedgemarkets. jpg and also read about this conman https ://kennethvunyunlun. wordpress .com/
It make me wonder why this company kept announcing new deals like sand, minerals n now the latest is this hedge fund investing 1 billion plus. But share prices kept falling, why?
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Posted by BuySoLow SellEvenLower > 2021-07-01 16:38 | Report Abuse
Good only in changing to different Co. names, issue ESOS, PP, fried kow teo own shares and nothing else, totally hopeless.