10% PP approval obtained on 20/3/2019 and pending announcement of 5day VWAMP.
Earlier circular dated 8/3/19 assumed PP price at RM 0.33, derived from 5day VWAMP at 36 sen after consideration of discount.
Current price at 38 sen. IMO seem PA is more attractive with higher safety of margin [ 38 sen - 23 sen = 15 sen ] as PA entitle to convert to YTB at ratio 1: 1 without any top up money after 29/11/19, unless worst scenario than mother price drop back to 23 sen or lower despite their NTA around RM 1.12.
Nevertheless, we are buying much cheaper than PP holders by 10 sen or more, i.e [ 33 sen - 23 sen ] despite advantages of preference share.
Hope more good news during our PM visit to China on 24/4/19 as Melaka is one of their designated favour place to visit.
Got no fat katak jumping all over the street one. Dun get cheated by the 1.14 NTA. PP 10% at 0.33 means approx 16 M raised. As encore so 'well' response now, how long can it last? Q1 loss few M, Q2 hardly turnaround lah.......be happy with current 35 sen +........
Oh my fren, I rather go jonker st. walk2, or perigi hang tuah lepak2......free one! Cultural show 120/show, can convince foreigners once only. If diversify the shows, nyonya show twice a week, still ok lah, everyday see snakes also die!
Malaysia culture is motor racing in highway lar, no need to go yongtai cinema to watch, all melaka got full of mat rempit shoe u how they racing as superman. Free one
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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....
Jiahui Foo
3,335 posts
Posted by Jiahui Foo > 2019-04-09 16:31 | Report Abuse
Big boss from China. Cold war period very hard one. Now YTB get money by private placement, they really dun bother those operating losses one.