New Cprs & warrant listing is seperate frm d mother shares, hence won't dilute much of mother shares trading volume. Syndicate might push mother up gao gao, so tat new Cprs n warrant can rocket high on d listing day
the loss before tax of RM11.6 million recorded in the current quarter is mainly arising from the recognition of interest expense of RM14.0 million in respect of the financing cost for completed sections which are opened for traffic
Bursa announced tat d 3 major undertaker will not entitled to any excess if d RI is oversubscribed abv 100%. As now d subscription rate is 101%, hence d excess now wud b merely meant for excess RI applicants ony
When the company announced the rights issue to raise fund for the expressway project in March 2018,the share price started to drop since then from rm1+ till the ex date of the rights to ex rights price of 30+ cent. Investors dumped and avoided the shares in the last 2 years as no one likes the idea to fork out more money.
Now that the rights issue has been overscribed by the strong shareholders without the undertakers. The rights issue price was fixed at the rock bottom price of RM0. 24 per rcps.
The market price now is still way below the average costs of the major shareholders @ about 60 cents, not counting interests, and the expressway has progressed to near 70% completion.
The reversal in share price to uptrend has just started.
Down Elliott Wave should have ended at ex rights price @0.30 from a high of 1.68 b4 rights issue in early 2017, lasting about 30 months. Now is the new phase of the UP Elliott Wave in its infancy.
Toll collection is expected to be in December 2019 subject to the gazetting of toll by the Government" expressway has progressed to near 70% completion.
These r the most important pt. We want to know when $ will come in. Investors r tired of hiccups. So many smart ppl here r punished by unexpected events. No everything is clear. Personally I think today is buying opportunity.
The market price now is still way below the average costs of the major shareholders @ about 60 cents,
Have u accounted for RI subscription? Those who bought b4 GE r still in loss even after RI subscription. Those who bought right after GE (80c) just breakeven now.
Put this in simple way. Management already know the result is loss n Question to ask urself y they launch a RI n free warrant in this time? Or better do it one month later after qtr loss cool down ....but instead they still go for it. If panic sell ....then buy on opportunity. How low it can go where warrant coming next week. Unless they want to collect warrant in cheap price
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....
AlfI3
1,283 posts
Posted by AlfI3 > 2019-11-19 01:09 | Report Abuse
New Cprs & warrant listing is seperate frm d mother shares, hence won't dilute much of mother shares trading volume. Syndicate might push mother up gao gao, so tat new Cprs n warrant can rocket high on d listing day