Those who bought and got stuck at high price are not willing to cut loss. Just wait, it will be total loss soon if action to liquidate the company is initiated by banks or TNB or Petronas. Chinese buyer? Cakap cakap saja, sudah 1 tahun, tak percaya lah.
Lion Corp announced possible delisting by Bursa on 12th Oct, price dropped 71% to 1 cent yesterday. He he, this counter may be the same soon. Be careful.
PSSB has sought legal advice from its solicitors who have advised PSSB to take steps to contest the Petitions on the basis that PSSB and its holding company, PHB, are in the midst of finalising a proposed regularisation plan for the benefit of all creditors of the PHB group including TNB.
Already talking about restructuring for more than 3 years since it stopped operation 100%. China company mana nak beli syarikat ini, Lion Corp pun sudah hilang dari Bursa.
don't know what u mean, buy above 5 sen can range from 5.5 sen upwards ! Even if buy 6 to 8 sen get don't get trapped unless one buy from 12 sen onwards !!!
One can sell at anytime now to lock in profit as Bursa don't restrict selling unless one is too greedy or wish to hold on for any reason know only to him !!!
Has a good look now at Perwaja-LA maybe just for trading purposes. Any kind person can help or comments on this Loanstock as compare to the mother shares ?
Perwaja LA is a better trading counter than the mother share. According to the restructuring scheme, the RM1.00 LA will be repaid with 70 sen per LA after haircut of 30%. The 70 sen will be paid via issuance of new Perwaja shares @ 15 sen each. So for every 1 LA, you will end up with 4.67 new Perwaja shares. At today's closing price of 12 sen, the LA is theoretically worth 56 sen. That is quite easy to understand. Current depressed prices were caused by margin account forced sale by the bank, which has completed 2 weeks ago, as reported in Bursa website. Only about 50 million LA are floating in the market. This is really small amount. The balance 230 million tightly held by major shareholders; their original cost is RM1.00 at time of subscription. They would never sell and will go for share exchange exercise.
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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....
haniff
1 posts
Posted by haniff > 2016-06-30 14:42 | Report Abuse
the already got license from Mida about Rm1.8 billion...