bandar malaysia awakening? more announcement before Johor by-election? HSR super economic corridor in the making? Selangor-NegeriSembilan-Melaka-Johor super potential? Foreigner rushing in to Singapore, malaysia become the second choice and HSR become key attraction to them. Super bull is coming!
Without prejudice. The private placement of 113 Million shares at 43 sen is a real overhang for the minorities. Sell at 53 sen and lock in the 10sen profit { 23% return } just collect and sell. Straight forward
Keep calm. Contra players, stay out. Daytraders and market makers are croc to chunk up vol and let go their shares and distribute to retail investors, they need retail to help to hold their shares. For LT investors, I guess they are very very calm when seeing it drops, no feeling I guess or sweating?
The big shark has goreng up the share price from a low of 38 in July to recent high of 60 sen. A return of 22 sen { +57 % } over 2 months. Ikan bilis become their feedstock
In a filing submitted to Bursa Malaysia on 30 August. The company via thru PP app 270 million shares or 10% of its issued share to strategic investors at 43.5 sen per share. The group expects to raise up to 118 Million. Out of which 86 Million will go towards partially funding the construction the RTS link. In addition app 29 million will be utilised for general working capital. A sum of 2.8 million for expenses related to the private placement exercise. After the PP exercise Ekovest gearing will be reduced to 2.59 times from 2.71. Under Bursa listing. There are 2 kinds of PP allowed. Preferential allotment and qualified institutional placement. Under the previous relief measures. Plc are allowed to increase their mandates from the existing 10% to not more than 20% of the total number of issued shares. Need to check the revised listing rules whether any revision is make to the above amendments. Not a buy or sell call. Please do your own research
Sudden downturn due to sharks taking profit, or due to private placement of 43.5 cents? It is a Proposal, why the fear ? IwCity down, so pull down Ekovest too ?
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....
cmiko888
98 posts
Posted by cmiko888 > 2023-09-04 11:35 | Report Abuse
RUN!!!!!Today close below 50c