Hahaha , I knkw mini bull hated this kind of Corporate exercise. Juz try to think beyond that lar ...
I find it proper and is the best for Eg and the shareholders so far, try to imagine if the Tai family didn't do anything .... what would be the price for Eg now ? Likely below 10 cents I think... When there are bright prospect ahead with the synergies from T.t. and Alex pang highlt execution on all sylinders , I'll put faith kn EG lor ...
Lukesharewalker, it is stated here that the rights issue to acquire new business and not paying debts can look look http://www.thesundaily.my/news/2163859
Agree with Ramada and ChinaBoleh. Past record show EG only has RI. The last 1 in 2015 then this year and again next year?
Posted by Ramada > Feb 16, 2017 10:51 AM | Report Abuse Management team too young. They don't know how to reward their shareholders. You guys should run as fast as you can and don't look back again.
They can say anything, it's what they do. Who's going to stop them from using it for borrowings especially when the company has cash flow problems. Let the company die because of what it is stated? Most right issues states acquisition
It is stated in the news report by Alex Kang CEO, of RM60+ million, only RM10 million pay debt. The rest to upgrade machinery + acquisition. Read carefully please before commenting. The company earnings have been improving YoY, why so worry? If loss making can understand worry. EG far from loss making. Cashflow comes from earnings.
HSSEB 40 sen cheaper and net cash stock unlike EG net borrowing hence need RI.
Posted by zhangliang > Feb 16, 2017 11:43 AM | Report Abuse why so funny? promote other counter in EG forum. Dont like EG because no dividend but HSSEB also no dividend. Why u invest le? Can share...
My view is result is good but announce earlier so that those of you thinking that result is not good & need extra money to subscribe, so SELL off your holdings. Then, the market maker will take away your stocks. Waiting for 1 year and finally cheated by market maker again because you sell off already...
Usually right issue will dilute the share, share will drop & rise into price suitable for issue price like right issue on 2015. The things is price maintainced around 80c which r good thing.
Haiyoyyo, T.T. ceo has already said in the press one month earlier lar. I don't any fishy thing here, to put in officially announcement and seek necessary permission by next EGM .
Genuine investors has made necessarily move lar. Some heavy weight investors already adjust or adding furthur weight for EG-wc few months back lor.
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....
Mini Bull
797 posts
Posted by Mini Bull > 2017-02-16 11:02 | Report Abuse
die until you dont know