Believe bankers start crying as more than 500 million borrowings. From above $1 about 5_6 years ago to current level. Most of the profit, if any, went to non controlling interests. Anyway, opportunities for trading amid low price.
very strange company, win such a big project.. imagine each share you hold, just this project alone is worth almost RM1 sales... and the share price is only 18sen.
Some more they have toll concession cash cow business. This must be the cheapest toll concession company in the entire BURSA
if other company with just 300 million+ shares win a RM300 million project easily limit up the next day, this one go down instead. And not only that, they have so many other big projects already in their pocket
Could be cyndicate no interest on this kind of stock. Secondly, too bottom, until nobody have faith with it despite news. Third, Co pressing down the price for directors to buy back the shares. This scenario like titijaya
Daily 8. Yes, TQ. This stock is quite unusual as its net profit majority went to non controlling interest, net margin, if any, is extremely low. Anyway, good luck.
RATIONALE FOR THE PROPOSED RIGHTS ISSUE WITH WARRANTS The Proposed Rights Issue with Warrants will enable the Company to raise funds and channel them towards the proposed utilisation as set out in Section 3 of this announcement. After due consideration of the various options available, the Board is of the opinion that the Proposed Rights Issue with Warrants is the most suitable means of fund raising for the Company for the following reasons:- (i) it will involve the issuance of new Bina Puri Shares without diluting the Entitled Shareholders’ shareholdings provided that they subscribe in full for their respective entitlements under the Proposed Rights Issue with Warrants and exercise their Warrants subsequently; (ii) it provides an opportunity for the Entitled Shareholders to participate in the equity offering of the Company on a pro-rata basis; and (iii) it will enable the Company to raise the requisite funds without incurring additional interest expense from bank borrowings, thereby minimising any potential cash outflow in respect of interest servicing costs. The free Warrants which are attached to the Rights Shares are intended to provide an added incentive to the Entitled Shareholders to subscribe for the Rights Shares. In addition, the free Warrants will provide the Entitled Shareholders with an opportunity to increase their equity participation in the Company at a pre-determined exercise price during the tenure of the Warrants and will allow the Entitled Shareholders to further participate in the future growth of the Company as and when the Warrants are exercised. The exercise of the Warrants in the future will allow the Company to obtain additional funds without incurring additional interest expenses from borrowings. Furthermore, should the Company increase its borrowings in the future, the exercise of Warrants will increase Shareholders’ funds and lower the Company’s gearing, thereby providing the Company with flexibility in terms of the options available to meet its funding requirements.
some ppl still do not know there is a RI .... just now at lunch, saw a friend, he said he bot @0.16 and feel cheap. I asked him whether he has prepare substantial amount of money for the RI, i said every 16K you bot, you hv to prepare 9K for RI ..... he quickly sold back at afternoon, at 0.155, losing half sen :D
firehawk some ppl still do not know there is a RI .... just now at lunch, saw a friend, he said he bot @0.16 and feel cheap. I asked him whether he has prepare substantial amount of money for the RI, i said every 16K you bot, you hv to prepare 9K for RI ..... he quickly sold back at afternoon, at 0.155, losing half sen :D 08/08/2019 4:30 PM
I don't know you help your friend, or you have caused your friend loss money. :D U forgot to mentioned for every 1 RI, there is a 1 free warrant (which is also money) for every existing shareholders. Which I think is good. Instead of .18 cents before and today .155 cents, the RI in fact is a good bargain.
RI is not by forced you must buy. U can opt NOT to buy too.
Warrant is FREE!
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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....
valensi88
188 posts
Posted by valensi88 > 2019-06-29 01:16 | Report Abuse
Walawei what bonus