For instance, 1:2 rights issue means that existing investors can buy one extra share for every two shares already held by them. The price at which the new shares are issued through right issue is less than the current market price or at the discount.
The low right issue price of 0.50 as compared to its previous closing price of 0.84 should be reason for the big plunge in its price even though muhibbah is a good company. Those holding a lot of shares should have seen the opportunity to dump first and pick up later. They will surely bought back when its price drop close to 0.50. I should have sold if I got the news earlier.
this counter plunged down heavily this afternoon, down 20 over cents .the company has just proposed to have right issues of 1 for every 2 shares held, It has not yet confirmed the date and issue price. it will call for EGM to seek approval from the shareholders, i belief that it will take considerable time to finish the whole procedure. who knows, it will bounce back tomorrow.
Amid very weak market sentiment and retail investors have their plate full, right issue is absolutely a bad idea. Many retail investors can't afford to fork out more money to subscribe. Price may be under greater pressure come closer to ex date.
Amboi...finally management foresee unable to sustain further operations until RI liao...
As Keyman188 highlighted earlier don't ever to consider 1st until management find the way to REVAMP business direction but NOT grap money from shareholders...
ADUI...still got so many dreamers living at metaverse to dream "skim cepat kaya"...
Wkwkwk...kekeke...hehehe...
Posted by Keyman188 > Oct 3, 2021 2:45 PM | Report Abuse
Keyman188 will reconsider if 2 scenario being matched:-
1) share price dip below RM 0.70
2) upcoming financial performance can be improved by RM 10 mil per quarter at least...
otherwise just look see...look see lorrr...
Posted by Keyman188 > Sep 28, 2021 12:23 AM | Report Abuse X
This stock is one of the Keyman188 darling stuff...
Still monitoring further revamp plan or improvement on the upcoming financial performance...
Right now Keyman188 zero holding until this few days going to announce quarterly performance 1st...
Posted by Keyman188 > Mar 31, 2021 9:15 AM | Report Abuse
Keyman188 already earned handsome profit about 115% for the past 12 months with up & down few rounds...
But unfortunately until now, management hasn't yet to revamp losses quarter by quarter...
Today, the counter drops to 61 cts which is amongst the 10 years historic low. the company declares for rights issue only and it does suffer from huge losses, what is the rights issue price and when is the Ex date, they are still unknown, why feel so panic to throw away your shares. it is so low price now, better to buy rather than to sell. Be patient, it will be back to your favorite price later.
I suspect it was EPF & LTH dumping yesterday coz together they own 13+ mil shrs...LOL EPF always very swayyyyy....gd @ losing pensioners' monies. Let's see whether Fidelity report any sales soon...zero position here after cashing out @ 97c & 93c in '20 & '21
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....
Karma4444
743 posts
Posted by Karma4444 > 2021-11-23 16:53 | Report Abuse
muhibbah really bottom , press how hard also here