pls dont Private Placement, nothing benefits for current shareholders but eps diluted. Rights issue at least got a hope can earn like last year buy 50cts share price 80+cts, but precondition is u still got the extra money to pump in.
Whether rights issue or private share placement, its small shareholders will chicken run. Now market no good, who want to spend more money on high debt counter.
if still want to raise right issue where is 16+ million go ? from 2016 Annual report Expansion and upgrade of factory 20,000,000 used 3,218,000 Within 12 months
maybe because no dividend more upside then go for warrant..convert warrant to mother when start to give dividend.. I think his tactic for Hevea was that as well before last quarter.
Presently,the technical chart RSI shows selling is still on and predominant.Will take awhile for the price uptrend support to kick in..The lowest price reached .35 cents and highest 1.165 between the one year period covered.The support for this stock all the while is neutral.Moving at the mid-point on the indicator graph.The Edge market recommends EG as one of the stocks to look out in year 2017. The choice to collect or avoid this stock is up to the person.
" How to find another Blossoming Stock " like ( INARI ) ?
ANNUALISED CARG : 89.08% Means Total Retutn of : 1143.16% from Jan2013 till Dec2016 (Div. Incld.)
( hardly find one, could that be EG, JHM ? )
IF SO, WHAT ARE THE MUST HAVE CRITERIORS ??? WHISH SIFUS HERE , SHED SOME LIGHT :)
Does above success scenario are because of :
1)Inari has Insas as their funder ? 2)Inorganic growth by almost X 3 times the rev & profit, post RTO ? 3)Does Inari must strike rite into the sweet spot ( smart/portable device tech ) ? 4) WHAT I HV MISSED ? PLS. ENLIGHTHEN ME, TQ !
Buy frontken better, if you see the quarter results improving. Not only that, if you observe receivables collection every quarter reducing consistently. Same goes for the loans. EG, on the other hand total opposit. Raising additional funds now, confirm cash flow got problem.
yea, i have the same opinion after the plant tour. Its a great team actually. I think the future prospects is good. I am keeping some for the medium to long term.
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....
Lukesharewalker
6,535 posts
Posted by Lukesharewalker > 2016-12-27 15:29 | Report Abuse
Somebody dumping.
Rights or private placement
Will dilute eps