Okay rIsing 138,956,400 shares at .10 on a 1 to 1 right shares plus free warrant . The amount the company is raising is rm 13 plus million only , to my analysis it is not really a big sum for an ACE counter . Something is brewing for sure and I am sure most of you will take up the rights issue and free warrant. Sure the share will take a dip but to my mind it will be fairly insignificant . Now is already September , my guess is come November/ December this year I am collecting my free nasi lemak and Kooi o. Happy Trading let's keep our fingers cross that SC allows this exercise
I gained from this counter. So I always observe this , buy sell many times lo. Reliable source told me to buy after they announced the loss, but price did not go down much. So just picked up again few days ago...
Kt99, I m a newbie,four yrs, prefer to speculate rather than invest. Personal TP depends on contentment, dun greed. Hu ha many times in this counter, jumped off train after goreng.
i just heard people say the same people from sersol are in this company. is it true. so scared what happen to sersol last time. from RM1 freefall. now .36 only. some more market all over down. US also. our market also not good. i think time to take profit while can. no need to fork out more money for right issue.
Generally the market globally is not too good . In this counter when the new directors came in and did the audit the company is running at a loss but not the type suffered by MAS. They are raising funds by right issue and propose to SC , look at my earlier post .10 plus 1 free warrant. The amount raised is not a rescue but to improve company cash flow. I say go for it because it is a good deal. Questions raised are the personality in this counter same as Sersol? Checking the list I see 1 name from Sersol board are same here. The rest or rather the other main players appears to be new. Whether they are a front I do not know and there are links that one on Najib son and it came out in the Edge that he is the new CEO, this is denied. Sersol is a good or a bad dream depending on which end of the sugar cane you are chewing. Understand one thing this is an Ace counter , to invest long term on Ace counter you do so at your own risk. Most speculators or semi speculators they know the score . Speculators are like the SAS motto " He who dares Win" . If you think you cannot wait , cash out now. Notice if you will the price has been steady for the past few weeks. This is the calm before the storm? Don't ask me the TP, when the storm sets in the sky is the limit but hitting .40 is easy, insider speculate .70 . I say don't be greedy , you make a profit you are satisfied , don't look back.
We refer to our announcements dated 11 September 2014 and 12 September 2014 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 30 September 2014 (which was received on 1 October 2014), resolved to approve the following:
(i) Admission to the Official List and the listing and quotation of up to 138,956,400 Warrants to be issued pursuant to the Proposed Rights Issue of Shares with Warrants;
(ii) Listing of up to 138,956,400 Rights Shares to be issued pursuant to the Proposed Rights Issue of Shares with Warrants;
(iii) Listing of up to 138,956,400 new Extol Shares to be issued pursuant to the exercise of the Warrants; and
(iv) Listing of such number of new Extol Shares representing up to 30% of the issued and paid-up ordinary share capital of Extol (excluding treasury shares) to be issued at any one point during the duration of the scheme, pursuant to the exercise of options under the Proposed SIS.
The approval by Bursa Securities for the Proposed Rights Issue of Shares with Warrants is subject to the following conditions:
(i) Extol and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Rights Issue of Shares with Warrants;
(ii) Extol and TA Securities to inform Bursa Securities upon the completion of the Proposed Rights Issue of Shares with Warrants;
(iii) Extol to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue of Shares with Warrants is completed; and
(iv) Extol is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed (pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable).
The approval by Bursa Securities for the Proposed SIS is subject to the following condition:
(i) TA Securities is required to submit a confirmation to Bursa Securities of full compliance of the SIS pursuant to Rule 6.44(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders approving the Proposed SIS in general meeting.
with the above announcement, can someone pls advice on what is the impact on the current shareholder.
With right issue, does that means we're given the "right issue" and we'll have to pay extra to convert the "RI" to ordinary shares, with attached warrants?
Shack in the announcement that you reproduced above , reference is made to their proposal in September. It is 1 to 1 share you buy it at .10 and you get free warrant. The date of the exercise dont know because they just got the approval today. A meeting will be called to pass the resolution to carry out this exercise. I think this is a very good deal and I advise that you take the rights and the warrants. The market with the extra 30% increase of shares will take a dip of course. What is happening is there is sufficient volume to play with fireworks. Anyone recall Sersol when they did the rights issue exercise? Many were disappointed and dump the shares to recover their position. No they did not lose, when the market went crazy, they regretted. But really in this game nothing to regret. Will this happen to this counter ? I dont know but looks like it. So a Happy Trading Shacks. Keep cool and good luck!
Shack, in this case if you were to read what I wrote it is all there in the report la, no thanks required. The only extra I suppose is I give my views on the counter and up to you to follow or not. I am also in the same position like you trying to make some money and not get burnt in the process. All the best to you and happy trading Sir..
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....
bracoli
2,579 posts
Posted by bracoli > 2014-08-26 08:25 | Report Abuse
mpay sudah huat, extol lagi ketidoran