ika006678, not necessary leh. It already stated based on indicative pricing, before approval it can be move also. Because end of the date they only set determined period.
ika006678 Just for your better understanding..An example.. Dataprep ANNOUNCED ON : 1. 16 Feb pp proposal at estimated price of 0.315 cent 2. 23 Feb submitted to SC for approval 3. 04 Mar SC approved the pp proposal 4. 21 Apr the pp price was fixed at RM 1.31 based on 5 days average (the pp fixed price was much higher than the estimated proposed price of 0.315cents becos the share was goreng up from 16 feb to 21 Apr.)
Hope you are more clear now on how the pp price fixing process. So lets hope the same happen to Eden !
Valuef i go find money tmr eat allyour0.16. I queue 0.155 u sell to me? latest new political unstable, ah kong had allow ed paliarment meeting fr all political party. Tintin is in trouble may step down soon. eden same situation.
Let’s put ourselves in position of PP subscribers. If the $ is strictly to gratify the directors, then the investors must be the directors themselves to create a smoke screen in order to make others believe that there are true investors prepared to gamble their money on this counter
If that isn’t the case, then the PP subscribers must genuinely have faith that their investment would bear a fruitful return. If it’s a company with good fundamentals, then the returns would be significant but over a protracted period (since all good things must take time)
If company had no fundamentals, then PP subscribers are it for a quick return. Otherwise who would wanna subscribe to the PP . In this case, it would likely be pump and dump
My only concern is this. PP seems to suggest that land acquisition not in the immediate future . If company is going to secure funds from land acquisition, why need PP for 20m. Unless of course the PPis being subscribed by friendly party to take advantage of imminent return from land acquisition.
Controlling shareholder position always different from us - minority shareholders.
They have control, salary and time.
If they not do anything, salary still can get, then still remain controlling interest. Share price low, no problem, they have plenty of time make it nice back.
But us, different. We only based on share price movement, no dividend. If up, we gain; if not up? or remain same price?
My opinion, only tambah, hit and run when the price start move.
"My only concern is this. PP seems to suggest that land acquisition not in the immediate future . If company is going to secure funds from land acquisition, why need PP for 20m. Unless of course the PPis being subscribed by friendly party to take advantage of imminent return from land acquisition."
For this question, i think is inter-related to your earlier comment on the friendly parties take up.
Because i think this is the best timing due to current on book financial conditions not so good yet. When matter confirmed, then BURSA will raise question why you want to raise fund?
All counters also cannot buy one. Lucky sold late a bit for Eden if not now I confirmed trapped in Serbak liao. Wait and see nia..All counters cannot find lubang
So the thing to take away is that the mother share would be quite the safe bet at current price provided we can hold. As for warrants, it’s really quite the gamble
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....
TtreeInvestor
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Posted by TtreeInvestor > 2021-06-07 13:26 | Report Abuse
ika006678, not necessary leh. It already stated based on indicative pricing, before approval it can be move also. Because end of the date they only set determined period.