PERDANA PETROLEUM BERHAD

KLSE (MYR): PERDANA (7108)

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Last Price

0.29

Today's Change

+0.01 (3.57%)

Day's Change

0.28 - 0.29

Trading Volume

156,400


14 people like this.

7,130 comment(s). Last comment by xenolover 3 weeks ago

Keith Han

411 posts

Posted by Keith Han > 2019-11-25 11:58 | Report Abuse

If i wan sucribe right issue, how to pay?

Keith Han

411 posts

Posted by Keith Han > 2019-11-25 12:18 | Report Abuse

2 right issue per share la

Eric Pang

54 posts

Posted by Eric Pang > 2019-11-25 12:19 | Report Abuse

Thanks all,,,, I hope to buy Perdana shares but shall buy now or buy after right issue end? I heard that the right issue will cause the share price drop, is it true????

tokohM

432 posts

Posted by tokohM > 2019-11-25 13:26 | Report Abuse

today already drops a lot.

nicky

3,356 posts

Posted by nicky > 2019-11-25 13:41 | Report Abuse

I sold RM0.41.... lost a lots/.. my cost RM0.47

zamrie

48 posts

Posted by zamrie > 2019-11-25 14:49 | Report Abuse

sekarang panas... politik ..saham market fund short perdana

Posted by runroadtokl > 2019-11-25 14:51 | Report Abuse

No ppl want right issue.

Dato5Star

40 posts

Posted by Dato5Star > 2019-11-25 14:58 | Report Abuse

after ex-date how much OR price will be ?

CITADEL

1,867 posts

Posted by CITADEL > 2019-11-25 15:31 |

Post removed.Why?

CITADEL

1,867 posts

Posted by CITADEL > 2019-11-25 16:14 |

Post removed.Why?

pang72

51,486 posts

Posted by pang72 > 2019-11-25 19:14 | Report Abuse

So how?
My sifu Facebook live call buy wow.!
Lucky I don't buy..

Go againt my sifu, I always safe!!

Posted by T800Terminator > 2019-11-25 20:19 | Report Abuse

Better buy Scomies. Bright future.

Posted by sarabikok2019 > 2019-11-25 22:37 | Report Abuse

Hi, want to ask shd I hold with perdana or sell off. Need sifu advise..pls help

upsidedown119

4,326 posts

Posted by upsidedown119 > 2019-11-26 01:16 | Report Abuse

If you hold onto your Perdana shares, for each share you get the rights to subscribe for 2 Perdana preference shares (exchangeable for ordinary share on a 1:1 basis) @ 32.5 sens each. The implications are as follow:

1) The VALUE (note: NOT the cost) of your holdings will be: (market price of Perdana ordinary shares during trading on 9th Dec to 16 Dec) + (2 x market price of rights (not yet paid for) during trading from 9th Dec to 16 Dec).

2) The market price of the Perdana shares at ex-date will be closing Market price on 4 Dec divided by three as a result of dilution. Dilution may or may not immediately be a factor of 3 since the rights are for preference shares and not for ordinary shares. But since the conversion is 1:1, the end (although not the immediate) result may be the same as a dilution by 3. It all depends on how fast is the conversion rate by the subscribers for the rights.

AS TO WHEN THE NEW PREFERENCE SHARES CAN BE CONVERTED TO ORDINARY PERDANA SHARES, SO FAR THE DATE IS NOT GIVEN IN THE INFORMATION PROVIDED BY PERDANA.

3) You will however be compensated after ex-date by the market value of the rights (not yet paid for) that will be listed and traded from 9 to 16 Dec 2019.

4) If you don't want to subscribe for the preference shares, you can sell off the rights during the trading sessions from 9 to 16 Dec 2019.

5) If you hold onto the rights, you can subscribe for the preference shares @ 32.5 sens each.

6) The preference MAY be worth more than the ordinary shares since they have priority over ordinary shares for dividends. But it all depends on the Market.

7) Since the preference shares is redeemable, the company has the option to buy back at a certain price (likely the market price).

8) So the uncertainties are as follows:

a) Market price at closing on eve of ex-date i.e. 4 Dec;

b) Market value of rights (not yet paid for or "nil paid rights) during trading from 9 to 16 Dec;

c) The immediate dilution factor; d) the conversion rate of the preference shares for the ordinary shares;

e) the date when conversion from preference to ordinary shares can begin;

f) the market price of the preference shares once listed;

g) the buy-back or redeem price of the preference share set by the company.

9) Drawbacks if hold on to shares:

a) Many imponderables;

b) have to cough more money to subscribe - for each share held, have to cough up 65 sens to subscribe;

c) energy related stocks may not remain so hot or be overtaken interest in other sectors;

d) Rights issues are basically fund-raising for Cash-strapped companies - they are asking shareholders for more money;

e) Not clear what Perdana wants the funds for.
26/11/2019 1:13 AM

Posted by sarabikok2019 > 2019-11-26 07:07 | Report Abuse

Upsidedown119..so Ur advice is better sell coz is very uncertain right?

upsidedown119

4,326 posts

Posted by upsidedown119 > 2019-11-26 09:03 | Report Abuse

Just my opinion based on available info. Not advice to do anything. Market ultimately decides.

Posted by Smartinvestor2030 > 2019-11-26 10:42 | Report Abuse

Perdana is still expensive and heavily reliance on Dayang. Better swich to this cheapest O&G stock in town. https://klse.i3investor.com/blogs/thebesttips/239970.jsp

Joyce126

627 posts

Posted by Joyce126 > 2019-11-26 11:37 | Report Abuse

.. it will go back up.
Cannot allow to go down as right issue is important

CK Lai

23 posts

Posted by CK Lai > 2019-11-26 12:50 | Report Abuse

Hopefully will up again!

AlfI3

1,289 posts

Posted by AlfI3 > 2019-11-27 00:23 | Report Abuse

up. up & up....pls

Joyce126

627 posts

Posted by Joyce126 > 2019-11-27 20:44 | Report Abuse

28.11.19 will go above 40c

Underhand

653 posts

Posted by Underhand > 2019-11-28 07:51 | Report Abuse

Hopeless counter

Shawn Ng

89 posts

Posted by Shawn Ng > 2019-11-28 10:52 | Report Abuse

This week possible to close 0.42

divine

1,153 posts

Posted by divine > 2019-11-28 14:50 | Report Abuse

joyce126 it is 28.11.19 now :)

Underhand

653 posts

Posted by Underhand > 2019-11-29 08:04 | Report Abuse

How?? Sell before right issue?

Underhand

653 posts

Posted by Underhand > 2019-11-29 08:05 | Report Abuse

Any advice from someone?

BBgsold

227 posts

Posted by BBgsold > 2019-11-29 10:18 | Report Abuse

sell,no more show

azta12

5,594 posts

Posted by azta12 > 2019-11-29 14:53 | Report Abuse

start collect

monetary

4,447 posts

Posted by monetary > 2019-11-29 15:14 | Report Abuse

how come u r still holding while others ran away? u didn't pay subscription fees?

Posted by acinanatucer > 2019-11-29 15:14 | Report Abuse

Driving efficiency with Sapura Energy Berhad

Check this out: https://klse.i3investor.com/blogs/ongmy/241815.jsp

monetary

4,447 posts

Posted by monetary > 2019-11-29 15:30 | Report Abuse

not far from rcps issue price.

maya1301

660 posts

Posted by maya1301 > 2019-12-02 11:39 | Report Abuse

be greedy when others fearful
can you feel the FEAR now???

Posted by Mohd Akmal Hakim > 2019-12-02 12:12 | Report Abuse

Perdana resistance is at 0.355. Break this one will skyrocket

Posted by Smartinvestor2030 > 2019-12-02 13:27 | Report Abuse

Worst seen over for O&G sector. But which one still cheap?
https://klse.i3investor.com/m/blog/thebesttips/242645.jsp

azta12

5,594 posts

Posted by azta12 > 2019-12-02 14:57 | Report Abuse

keep going dayang, nice

Expertise

1,388 posts

Posted by Expertise > 2019-12-02 17:00 | Report Abuse

Perdana ready to fly soon....

snwong13

724 posts

Posted by snwong13 > 2019-12-02 22:37 | Report Abuse

.
Perdana will surely follow the pattern of Dayang.
After Dayang right issues, it fly today!
Similarly, after Perdana right issues is over, it too will go back above 40 cents.
Reasons because both have profits prospects!
Good Luck!

Squirtle

804 posts

Posted by Squirtle > 2019-12-03 15:20 | Report Abuse

shoot to the moon
huhuhuhu

rsim03

333 posts

Posted by rsim03 > 2019-12-03 20:13 | Report Abuse

Went to north...

AlfI3

1,289 posts

Posted by AlfI3 > 2019-12-03 22:01 | Report Abuse

If not growing up, it wil soon causing RI meaningless. Those investors will b crying hi n low

snwong13

724 posts

Posted by snwong13 > 2019-12-03 22:33 | Report Abuse

.
Tomorrow last day to have your RIGHT Issues.
DON'T MISS THE BOAT!

snwong13

724 posts

Posted by snwong13 > 2019-12-03 22:49 | Report Abuse

Highly likely to follow Dayang trend!
Good Luck!

Underhand

653 posts

Posted by Underhand > 2019-12-04 07:31 | Report Abuse

Hoping so

HazByn

842 posts

Posted by HazByn > 2019-12-05 09:06 | Report Abuse

ready for a ride?....0.47 here we come....incase you forgot...perdana settle Dayang's debt..

Expertise

1,388 posts

Posted by Expertise > 2019-12-05 09:22 | Report Abuse

profit soon still count 2sen?

Expertise

1,388 posts

Posted by Expertise > 2019-12-05 09:24 | Report Abuse

Same scenario from dayang coz right issue I guess...correct me tq

Expertise

1,388 posts

Posted by Expertise > 2019-12-05 09:31 | Report Abuse

Today is last day for those want buy ordinary share to subscribe sure the adjust to lower haha

Pak Abu

1,406 posts

Posted by Pak Abu > 2019-12-05 09:39 | Report Abuse

47sen today??

Expertise

1,388 posts

Posted by Expertise > 2019-12-05 09:48 | Report Abuse

Hoping @pak abu

Pak Abu

1,406 posts

Posted by Pak Abu > 2019-12-05 09:50 | Report Abuse

Olrite

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