On behalf of the Board, Mercury Securities wishes to announce that the Board had on to-date (“Price-fixing Date”) fixed the issue price for the placement of 70,000,000 Placement Shares at RM0.3339 per Placement Share (“Issue Price”).
The Issue Price represents a discount of 10.00% to the 5-day VWAP of the Shares up to and including 22 July 2020 of RM0.3710, being the last market day immediately preceding the Price-fixing Date.
I noticed that the sell down started one week ago. Kept me wondering what initiated or prompted this aggressive sell down. The company has been making CONSECUTIVE profits for the past 16 Quarters, which in my opinion, would safely classify them as a pretty fundamental counter. So, there's not much reason for this dumping to happen, unless of course there are some bad news yet to be announced.
True enough, today, they reported a loss of RM 7.574 Million for the current reporting Quarter. Could this be the reason why the share was thrown down earlier at a higher price ?.
Or could the price be pushed down for the purpose of "Placement Price Fixing".
Whatever the reasons might be, just hope that the price will stabilized and not dived any further in the coming days.
I love this stock, it is like roller coaster. Hit 0.50 from my cost 0.35, now back to ground zero. It surge super fast, but drop continuously over time hahahaha.... I think the share price fluctuate accordingly to guan eng macc meetings :) once clear the graft case, vizione should skyrocket again haha
Those people said is rubbish counter sure is always chase high and no think reasonable. When price drop no consider, price up rush in and trap. That is own consequence
Anywhere to check the bonus warrant price?what is the minimum requirement to get this bonus warrant?(buy up to 10k units and above?)Could any sifu advise further?thank you.
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....
Ava168
12 posts
Posted by Ava168 > 2020-07-21 14:34 | Report Abuse
Investigation done? What good news? Can share?