@tatwaiwong think positive, take the profit and invest else way, there are many more undervalue stocks at the market, everyday also got stock going up, you need need to pick the next right one, syukur that we get free instant money (save time) instead of getting hit by something like serba case
It is complicated. Later u all will know. Once open, I dump all. Now, I even cannot eat. Today's, is a long night with beers. Blaming my wrong decisions, gonna lose quite a lot. But, lose rather die.
most likely it is privatisation offer . Question is only : At what price and which method (GO or SCR)? i think it is a genuine intention that SM wants it private... like what he did to Tradewinds. If too low offer, it's going to be waste of his time since quite many institutional funds can block it.
Selective capital reduction...major owners selectively offer and buy back shares from minority shareholders like us at certain offer price. To be approved in an EGM and court later, offer to be recommended by a so called "independent" consultant. Years ago, I got one (company LCTH, highly undervalued but not active trading). Made some profit. Not sure what is the process now.
so mean if the EGM appoved, shareholder need to sell on RM1.80 . for me okla since i pick up today only. but will be hurting for long term MMC holder who bought at RM 2++
Wait for the independent adviser, and you can see how much the true intrinsic value of MMC, and no, there's no such thing as pluck from the sky 60% discount to RNAV
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....
sunnyleong
307 posts
Posted by sunnyleong > 2021-06-03 15:23 | Report Abuse
Limit Down also throw. If not mati ooo.