The Issue Price represents a discount of approximately 9.5% to the 5-day WAMP of the Shares up to and including 14 May 2020, being the last full trading day immediately prior to the Price Fixing Date, of RM0.0945 per Share.
TrendLai I saw the report last week. Is S5 a solid company and politically linked to Garmen in securing the NIIS project? what about Dsonic? If yes, hidden dragon crouching tiger
NIIS has not been awarded yet whether Dsonic or any other bidders has been informed.I think Dsonic stand a good chance The bid is huge and likely to split into few successful bidders in view of current political scenerio. S5 is dark horse in the bid as well as per Focus report. Just my 2 cent view.
NO, you go and read nicely oldchinaman For background information on S5 SYSTEMS , pls go to bursa announcement under GOODWAY INTERGRATED INDUSTRIES pg 195 dated 18.7.2016
Mr & Mrs Wong....bought 31% on march 2019 n both appointed as ex directors..but less than 3 months both resignation from the Board. How with majority stake in the co n not represented in the BOD... plan along to let TO target!!!
Based on the conversion price of RM0.10 per ICPS, our Company may raise further gross proceeds of RM24.0 million (under the Minimum Scenario, assuming 320,000,000 ICPS is converted into new CONNECT Share by surrendering 1 ICPS with additional cash payment of RM0.075) and up to RM60.07 million (under the Maximum Scenario, assuming 800,994,000 ICPS is converted into 1 CONNECT Share by surrendering 1 ICPS with additional cash consideration of RM0.075) from the full conversion on the ICPS. Any proceeds arising from the conversion of the ICPS shall be utilised for capital expenditure, investment opportunities and/or working capital of our Group. The exact details of the utilisation of such proceeds, including the breakdown of the utilisation have not been determined.
A) Assuming all ICPS are converted into CONNECT Shares based on a conversion price of RM0.10 and assuming conversion mode of surrendering 4 ICPS to be converted into 1 CONNECT Share with no additional cash payment.
B) Assuming all ICPS are converted into CONNECT Shares based on a conversion price of RM0.10 and assuming conversion mode of surrendering 1 ICPS to be converted into 1 CONNECT Share with an additional cash payment of RM0.075.
As i said before Tp is 0.50. Look at how considerably the price has risen from last week...Something is brewing inside and when the news comes out will shoot up instantly
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....
thesteward
6,782 posts
Posted by thesteward > 2020-05-17 21:19 | Report Abuse
Posted 14/5