This report http://theantdaily.com/Main/Global-major-economies-start-sneezing-what-about-Malaysia does not auger well for the Global economy. No one wants it and in such time, it is advisable not to expand your portfolio. The most sensitive of course is the stock market and you see that many counters are falling below expectation. One thing is whatever comes down it will go up, the question is when. Many have cut their losses and moved on so reasses your investment portfolio and be prudent.
Kulit! KT 99 let's wait till 15th November at the EGM . Put aside some money to take up right issue and of course free warrants. Now with Anwar trial going on there should be some roller coaster ride. Market is slowly but surely picking up. Remember what goes down must come up. So be prudent and careful, look at the cycle the time is about right for the Super Bull to come charging in and do not forget it will also be followed by the super Bear. Tokking Kok,? Watch closely now.
Aiyaa , you plan your finances la . Sell don't sell how to tell you , the notice is out let's hope to subscribe for the rights remain at .10 , at EGM they want want to laid a premium going to costs more.
Extol is not taken to court by X connect , It is Extol Venture sdn Bhd . The claim by Xglobal is for some non delivery of PoP equipment and the claim sum is USD 171 K plus. There is a declaration that this does not impact the listed company. What is the issue here? Want to know when a company is going shit way ? Look at MAS , that company is really in a shit house. To the question whether .315 is good to go in for the free warrant and .10 shares? No one can really tell you save that, when it was below .30 why did you not go in?. My next question to you is if you go in at .315 how long can you hold to your shares ? I believe once right issue is given the shares will fall , can you wait for 6 months or thereabout. If you are a speculator forget it , if you can hold I am confident you will be rewarded.
I feel the amount raised is not big . Depending on your entry point how much you came in. At .10 per share basis , I think it is worth the while whilst you get a free warrant. I reckon after the rights there will be a market correction , I anticipate a fall in price , but the warrant may be worth something. Too far to give or crunch figures now, but take note 5th Dec will be the letter to take or reject closing I think is 16 Dec.
Nah ! On paper and logic it should be .155 after RI but we cannot discount Market Forces that will come into play. We can learn to predict Warren Buffet way, but in Malaysia , when you are investing in ACE counter , X'mas or Chinese New Year may come at any time. I say after RI, better watch closely. By that it can go up just as it can take a dive.
You see today trade ex rights issue , we work out at 0.15 but the trading is .185 . Market forces is something that we find it difficult to explain. But we can deduce that those people who buy at .31 is better off that those now trading at 0.18 right ? This is on the assumption that they will be taking the RI and free warrant. So good luck and Happy Trading .
Just take note of the date 5th December when the offer to take rights issue and 18th Dec the last date to accept. You have been holding for so long lets see whether this share will work and make some money. Good luck to everyone.
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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....
Shacks
1,542 posts
Posted by Shacks > 2014-10-09 13:34 | Report Abuse
extol!!! wake up!!! :D