Is better to sell before too late. With qualified report from an auditor no change can turn around. It was not easy for an auditor to issue qualified report on listed company. Means the account really in a mess.... Must be many uncovered manipulation in their account! Was obvious shown in their trade debtors can be more than 280m where their turnover only 360m. Is more than 7-8 months. Loans about 350-400m. Good luck to minority shareholder....
London Biscuits Bhd is set to raise RM3.45 million via the issuance of the first tranche of its private placement. The cake and biscuit maker said its board had fixed the issue price for the tranche totalling 10 million shares at 34.5 sen per share. The price represents an approximate 9.78% discount to its average 5-day volume weighted average market price of London Biscuits shares up to yesterday. The group’s private placement, which received shareholders’ approval on April 1, seeks to raise up to RM22.73 million to further pare down the its bank borrowings.
Private Placement (PP) is worst than rights issue. It don't give opportunity for existing shareholder to buy at discount, but just dilute the share. This company is famous for diluting share thru PP. One thing that is sure to grow for this company is its share count.
Hello . Are you ok or not with " pp is worse than ri. First time I heard Can pp no need ri If no people want pp then call ri Ri is the worst decision Pp still ok got big fund in. Ri sure die . You see sanichi sntoria symlife after ri
#ivan9511 Both PP and RI has the same negative effect of diluting the share. RI is offered to existing shareholder, but PP only offered to insider, both at discounted price. Just because PP doesn't attract much attention compare to RI doesn't mean it is better.
NTA of RM1.91 and yet private placement at 0.345 (after 10% discount). This shows the Company is either desperate for money or the NTA is not worth RM1.91 or the directors are too "smart" or other special reasons.
Liquidity and management credibility and capability are the main issues. Looking at the amount of its loans as compared to Hup Seng and Apollo, it is a falling bridge unless speculative play without fundamentals. Luckily quit it long time ago.
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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....
domdom860
206 posts
Posted by domdom860 > 2019-04-04 10:36 | Report Abuse
若是重复之前的最低峰0.370再次以9月多上回来的历史. 恐怕不如所愿. 时间不会等人,历史不会重覆一模一样. 记住(时间不等人).我已话中有话了 .