Posted by TheContrarian > Dec 28, 2018 09:02 PM | Report Abuse The problem with Tropicana is the Company can't keep on buying back as it will eventually breach the minimum 25% public shareholding spread listing rule unless Danny sells down to his cronies.
Posted by TheContrarian > Dec 29, 2018 08:57 PM | Report Abuse BJLand was granted lower public spread level of 19.67% by Bursa Malaysia on 20/12/18. You didn't read about it?
For the purpose of calculating minimum public spread, any shares bought back by a company and held as treasury shares are excluded from the total number of shares. So, if the company buys back say, 0.5% of its own shares, the percentage of public spread will then be (25.12-0.5)/(100-0.5) = 24.74%
TheContrarian For the purpose of calculating minimum public spread, any shares bought back by a company and held as treasury shares are excluded from the total number of shares. So, if the company buys back say, 0.5% of its own shares, the percentage of public spread will then be (25.12-0.5)/(100-0.5) = 24.74% 29/12/2018 21:47
What opportunity you found after selling? Why your posts all in old counters you had eg MNRB, Insas, etc.
Posted by TheContrarian > Dec 28, 2018 08:35 PM | Report Abuse 90 sen big road block today even first thing in the morning there were already over 500,000 shares offered for sale at 90 sen, thus not possible for me to get that price if I were to try. Maybe next week you can but I want to free up capital and look for opportunities elsewhere.
If last Friday I didn't sell at 0.895 I would have attempted at 0.92 after 4.40 pm then I wouldn't have succeeded selling. The price instead closed down at 0.885/0.89.
Danny has to sell down some shares in order to comply with the minimum 25% shareholding held by the public. Otherwise the counter can be suspended by Bursa.
Posted by luckyman > Jan 3, 2019 10:21 PM | Report Abuse Danny has to sell down some shares in order to comply with the minimum 25% shareholding held by the public. Otherwise the counter can be suspended by Bursa.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Imaging, analytical and test solutions provider, Crest Group Bhd aims to list on the Ace Market!
MQ Trader 704 views | 4 d ago
0:17
New IPO: manufacturing and sale of automotive parts and components provider, KHPT Holdings Bhd aims to list on the Ace Market!
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....
ivan9511
3,854 posts
Posted by ivan9511 > 2018-12-28 21:07 | Report Abuse
TheContrarian and Danny both of you guys also give me the right answer ,
agreed thanls\\
thanks a lot