Erratic revenue and profit? Maybe you just read from klse screener figures without details. Few IB give their high recommendation, maybe you like to give your comments base on their write up.
It's ok, we trust facts and intelligent research by qualified institutions with international clients, managing billions of dollars. Those fundamental facts and price actions are different things. I can read charts well and understand accounts. That guy who wrote it is FCA, KAF and Kenanga wrote it for their clients.
"(vi) the Mandatory Offer will be extended to the new voting shares issued pursuant to the Proposed Private Placement (should the new voting shares be issued)"
Assuming the PP/offer proceed, * Any possibility the resultant shareholding of offeror/pac fall below 50% ?? * If yes, MO will then change from unconditional to become conditional ??
yes will become conditional, but depends on how much pp issued before RTO take place. and they never mention whether the issue price will still be 60 sen. i think someone will ask during QNA in the coming egm
"(vi) the Mandatory Offer will be extended to the new voting shares issued pursuant to the Proposed Private Placement (should the new voting shares be issued)"
Assuming the PP/offer proceed, * Any possibility the resultant shareholding of offeror/pac fall below 50% ?? * If yes, MO will then change from unconditional to become conditional ??
if mgo price still maintain at 60 sen, those institutional investor shiok loh. buy at discount by taking the pp then surrender back to the offeror. comparing the latest circular and the first proposal announcement earlier, the planned utilisation of pp proceeds never change on oriole project, though the the illustrated issue price of pp increased to 41 sen from 33 sen earlier. extra proceeds is allocated to working capital. i wonder if, the holders are speculators of the MGO to turn true, how will be the result of EGM? since the risk is increased as it will become a conditional MGO.
Next Wednesday is crucial, I expect they will tell whether GO price will be maintained at 60 sen or lowered due to dilution. And whether the telekosang hydro has secured extra cash to cover sukuk payment due to delay in completion.
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....
Greensky
264 posts
Posted by Greensky > 2022-06-24 10:08 | Report Abuse
Jsb holding well than most of stocks during this challenging market. All indicators gathering momentum.