I think that the counter cannot go too high because of the private placement, otherwise the recipients will have to pay too much.
The proposal mentions a sample price of 50sen for the PP (this would be approximately the price that covers the acquisition and the associated expenses).
Any price rise now is perhaps to create a feel good mood for the Multiple Proposals. It will probably come back down to 50.0 - 55.0sen for the PP price fixing.
It is quite likely that the price will move up again after the PP as the company seems to be well run and is profitable.
stock65...nobody will lose for those bought last week .T3 T4 dont apply......how much winning, is what they need to count.....Pick up ? or sell and re buy ?
Ideal group sell to Ideal Sun......abang adik...just like bumi shares for some companies.....v pick up fast .....everybody earn first ...later adjust share price...
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....
iQBE189
454 posts
Posted by iQBE189 > 2014-09-09 11:28 | Report Abuse
END OF THIS MONTH... SURE OPEN BIG 1=D