Most probably they will push it down to 0.005 or 0.01c before consolidation. If this play out the whoever bought now also lose money.
Let's say 1 buy 100 lots at 0.02 today. It will cost me RM 2000. If the price drop to 0.01 on due date. Then my holdings will be 50 lots x 0.02 equals RM 1000. Basically i have already lost 50% . So, in order to make back my 50% my eduspec will need to go up by 100% or 0.04.
I am sure when market opens for trading post consolidation there will be millions of lots being thrown out. In my opinion you might get 0.015 on the opening trading day. So why buy now when you can get cheaper later. If i can buy say at 0.02 and if goes up to 0.04 i already make 100%. Instead of buying at 0.015 - 0.02 now.
What i am afraid is sometimes during such exercises they also take the opportunity to raise fund through rights issue and probably comes with free warrant. If they do they shareholders will have no choice but to vomit more money.
So, let's see. Have seen this movie played many times.
those big guns already collected at 0.015......Share consolidation 2: 1....
Share consolidation is a corporate action conducted by the company with the intention to reduce its number of shares trading on the stock exchange. It does so by reducing the number of shares held by its existing shareholders.
The share price to increase proportionally therefore the value of each shareholders' holding remains unchanged relative to the market capitalization of the company.
Example like Ho wah Genting ...After share consolidation Price shoot up to 0.58....NTA only 0.08
Don’t fell so happy...share consolidate purpose for Eduspec is more easy to drop further...you see Hubline consolidate 20: 1, 1 cent become 20 cents, then drop from 20 cents to lowest 3 cents...because 跌无可跌,consolidate后继续跌...
Those early birds that are still holding the free warrant will be at the advantage bcoz your free warrant will subsidize your mother shares cost....Smart move by Eduspec towkays
Consolidate 2 to 1 is better,if their cost is 0.015,they sell at.0.02,they will earn 33%;after consolidate,their cost will be 0.03,& if sell at 0.035,they only earn 16%.Reduce of share also will be much easier to push up the shares
dont listen to idiot wannabe investment guru in here la. u dimwits can read for urself in the attachment. noobs
++++++++++++
3. RATIONALE FOR THE PROPOSED SHARE CONSOLIDATION As the Eduspec Shares are currently traded at a relatively low trading price range, a small absolute movement in the trading price may be significant in percentage terms. The Proposed Share Consolidation would reduce the number of Shares available in the market and correspondingly, increase the reference / trading prices of Eduspec Shares. Accordingly, this may reduce the volatility of the trading price for the Eduspec Shares. In addition, a higher reference / trading price of the Consolidated Shares following the Proposed Share Consolidation may enhance the profile and corporate image of the Company which, in turn, render the Consolidated Shares more attractive.
Bangun jgn mimpi lagi. After consolidation 2:1 the price will drop agn to 0.015 n will do another round of consolidation agn.those lousy counter always do tis .i jz sold mine at 0.02 wish u guys good luck .
guys, not yet consolidate please. MINDA keep on announce consolidate till today still not yet decide and the share price goreng and goreng. clam down and monitor
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....
tapenah
144 posts
Posted by tapenah > 2020-07-07 18:52 | Report Abuse
Do u guys ready?