According to experts here, this counter is a must have one. Why nobody wanna buy Permaju-PR? Today seems the last day to buy. Do grasp the last chance to have it.
Finally trading of PR comes to end. Good for mother share. No more hedging or arbitraging. Like other counters' LR, WR or PR, mother share can now easier to move up, no disturb from arbitraging activities, at the same time, a higher mother share price will attract more people to subscribe the ICPS. Looking forward next week onward.
there is no need for owner to attract ppl subscribe the ICPS. owner can sell the RI to u all, and making not attractive to subscribe so he can use the money he get from selling RI to convert excess RI that not converted. dont be naive thinking operator will push the price to skyrocket when everyone know it going to reach 40 cent? haha
Ya, dis comp like a drain to outflow investors' $ to rescue d existing poor balance sheet. Unless, it come out exciting news tat can add values to investors prior to d completion of RI acceptance, then it will turn become a RESERVIOR, instead of a drain........
Wooow gongon, perfect calculations. But aways b alerted tat d actual prcing very different frm theoritical prcing tat merely used to attract investors to subscribe d RI prior to its closing date.
After d $ paid for acceptance, d mother shares usually to drop drastically till level 0.25 or below.
Tat time, instead of profiting; our $ wud b locked up by d comp for long period. Unless, cutting losses to sell painfully.
Humbly sharing out some unforgetable bad experience.
gon gon, if u have 100000 PR, u need to fork out RM 5000.00 to subscribe . you will get 100000 ICPS plus 10000 Pemaju Warrants. The ICPS and the Warrants will be listed on 21/8/2020. The listing price for both will depend on Permaju mother share price on that day. U need to download the RSF form or u can get it from yr remisier/broker. You then need to buy a bank draft for RM5000.00 and a RM10 revenue stamp. Fill up the RSF form and send it to the registrar. Last day for acceptance/payment is 10/8/2020
if the mother share price is 33 sen on that day, the warrant should fetch around 20 sen (+/- 5 sen) the ICPS should be around 5.5/6 sen. you can just sell the ICPS and/or the warrants. There is no necessity to convert
two days closing on 0.35 , what are your prediction for tomorrow ? seen like someone bought the stock a lot in last 10 minutes trading , maybe a good news tomorrow ?
My remisier told me this : According to his source, at this juncture, the subscription rate is still low, so in order to maximize the take up rate, 'someone' has to do something to attract more entitled shareholders to think that the rights is worth subscribing, action will be in these few days. So....
@Mike Jcy , i'm out , already cut loss , cannot tahan anymore . if you see on big picture , can see this counter is on downtrend. Run before you get loss more
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....
TillyLovers
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Posted by TillyLovers > 2020-07-30 09:52 | Report Abuse
According to experts here, this counter is a must have one. Why nobody wanna buy Permaju-PR? Today seems the last day to buy. Do grasp the last chance to have it.