Will the coming QRs be good...if yes...this price is a bargain price to enter....Penergy returning to where it should be having shot up from low...Perdana doesn't have such risk...Dayang and Naim will suffer same fate as Penergy if QR disappoints.
The rights issue mostly if not all will be taken up by dayang and the price hasn't been confirmed yet. So what does this mean? Will th price shoot up or go down on Tuesday? Thanks sifus.
important things to know on the rcps - total money to raise is 506m (max scenario) - if price fix at .26, total rcps to issue almost 2b - 5 rcps for every 2 perdana shares - total shares after all rcps converted 2.7b (max scenario)
current price is 0.345 and in normal case when a stock make cash call, price will be down. reason, rcps @ new shares will dilute price when it converted bcoz it cheaper (discounted price)
another reason is current perdana holders will have to pay to convert the rcps (optional). if you own 10k shares of perdana now, you entitle 25k shares @ .26, you need to fork another rm6.5k for conversion
and if all rcps converted and total shares become 2.7b, with annual earnings of 40m (10m every qtr), eps will be 0.015c (much lower than prev qtr eps of 1.17c)
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....
InvestorKING
5,931 posts
Posted by InvestorKING > 2019-05-10 21:20 |
Post removed.Why?