If I am mistaken, perdana price has adjusted for new PS when it was ex weeks ago. Therefore, when PS lists next month, the mother share will not adjust down for the second time.
divine, bsngpg is correct. the price for Perdana mother will not been adjusted again when the PA listed next week. the adjustment already happened during the Ex-date. I noticed comments on PPB was least favor for Rights subscription, and price for PPB mother also was pressed < 0.37 until the Rights subscription dateline on Monday. However, the price started climbing up on Tuesday immediate after dateline closed.
I would see this as tactics of Big fund want to sapu the "unsubscribed" PA @ cheap price of 0.325. Today PPB price continue raise to 0.41 ... I believe it will continue up trend for few days to ensure PA opening at 0.4++ too.
Expecting some degree of goreng may happened during the PA listing day next week you actually can see the engine started immediately the Rights subscription dateline closed.
Sold all free perdana from Dayang years ago. Waiting for even more perdana ps thru entitlement and application in excess. Hope to get all application in excess and the price sustain above 0.40, then I will earn kaw kaw this round.
Where did you get the info? I can’t find it thru Bursa. If this is the case, all of my application in excess will be granted. Will make good ang pao for CNY.
Tq for the link. That means I will be granted all application in excess which is in big qty. In fact, at time of application, I just conservatively bet for price difference in 0.370-0.325=0.045. 0.045/0.325=13.8%. With today closing at 0.41, the return would be 26%. Hopefully 0.41 would be sustained till PS is listed. Cheers!!!
with 1.45b new PS to be listed on 8th Jan and conversion ratio 1;1 there will be massive dilution as conversion set in..The mother share price is unable to sustain and continue to be weaken.
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ktham: I checked with Remisier that we need to fill up a form and pay some processing fee, and the process will take about 2 weeks to convert PA to ordinary share.
Hi all: I checked with Remisier, she said she heard that there is a clause that when required, the company can cancel all PA at issue price at 0.325. This disadvantage on PA may explain why the PA is traded lower price than ordinary share. I am going to convert all PA today. Good luck.
2020 will be a very very good year for perdana now they hv the funds fm RI And many contracts in hand . Also dayang will channel contracts to perdana . Will be a double bagger gem I strongly believe .
I think don’t hv to worry too much about the risk of pa . It is new n the company did the exercise coz need fund for expansion . Later in a few years maybe when business is so good n cash rich maybe they could call back the pa . It will be pretty weird n motive will be questionable if they immediately call back the pa on the first year it is done . Corporate ethics w be questionable. Perdana will be a gem this year. My 2 sen .
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CK Lai
23 posts
Posted by CK Lai > 2019-12-24 16:38 | Report Abuse
0.410 now, have a good new?up up...