At current market environment it worths more than 1,000. Macro & micro factors considered. One added advantage is the new government which is actively pursuing value for glc to meet debt burden.
Payment & acceptance date 17 Oct & from now on it is consolidating & slowly building up its over depressed price which is bad for our big shareholders.
Those got the Right to buy at RM0. 90 can simply sell and get an instant profit of at least 10% (if price above RM1) in a month by conning ppl into believing it is a bargain now n buy into their hand.
It is not possible to make at this price. To qualify for the rights u need to buy OR or mother share & u add up the cost & it exceed this market price.
23 Oct will be the announcement of %for the application of right issue and 31is the listing of all the rights. We all can assess the price movements and anything below 1000 is a bargain. Your take?
value right after RI was 1.17, now 1.02, down 15 cents...but not in 5 shares with 12 !! .. who wants to buy the remaining RI at 90 cents if mother only cost 1.02 ??..not attractive at all.
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....
shareinvestor88
3,404 posts
Posted by shareinvestor88 > 2018-10-12 22:37 | Report Abuse
Sell , will drop below 1