If talking abt PP, yrs ago, they had private placement at high price too. Jialat. Eg 2020 Sep, 41mil @ 0.51? 2019 May, 224.8mil @ RM 0.83 (walaowei, to whom?)....etc
Future 4 years harapan solid control , JOHOR SPORE MRT already complete n johor become no.1 modern rich state in malaysia ! Ekovest iwcity skyrocket loh !
This PP is very strange, it was done in very rush manner. I don’t think ekovest needed cash that urgent, since SPE already completed and bank balance still healthy. I hope that this PP is beginning of good fortune for ekovest where tonnes of project will land into them.
Ekovest had taken the RTS with thin margin, they may do this to open road for more govt project especially those big one coming to Johor. Plus most looking forward Bandar Malaysia.
Yes, Bandar Malaysia. Reminds me of the big celebration with Botak, Ministers and Chinese partners showing off their proposals with Lion dance. They will need this to super fire up Ekovest. Bandar Malaysia + HSR. Then everydody will be laughing all the way to the bank, including us investors,
1. 269.5 m new shares are added to the issued capital this morning. The revised price, arithmetically should be ( 0.52 x 2695m )/ (2695m x 1.1) = Rm0.47
2.Placement shares are earning per share destructive hence, it is logically expected to collapse the share price upon its listing.
3.Unless artificially supported by program buying, E company will in the short term retreat back to its placement price of 43 sen.
4.Money doesn't fall from the sky. Rising share price must be supported by rising profit or at least a story of potentially rise in profit
5 Have you an alibi that many are not aware? Happy trading. 12/9/23.
They push up the price to fix PP price, they should have been doing at even lower price instead. Otherwise, it must be something good coming up. Must be.
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....
Shines
2,824 posts
Posted by Shines > 2023-09-07 17:31 | Report Abuse
Trapped lo