greatwall, pesona I'm very confident on it. But Ven sifu's Denko will go beyong what we can imagine. I still remember those 2nd board days, it reached as high as 17.00 on RT play. Also keep an eye on it le...
Normally price of right issues should be below the market price to attract more investors.But it is quite ridiculous that this company fixed the RI price 10% higher than the current market price.That is why investors turn away.
Eg already have underwriter for the coming RI. you think underwriter so stupid to underwrite if the RI is overpriced and no value. they must see value in eg.
read the right issue prospectus carefully, one OR entitle for 1 bonus share. so 1OR+0.95 /2 = price per share... theoretically 0.95/2 = we are buying 0.475 per share... i;m on EG boat... good luck all
lol..pls understand first..theorytically before or after right issue, share value will be the same..it will adjust accordingly..for eg: 100share@rm1 and 200share@rm0.5 is the same value..
this right issue already caused share price drop, meant it should be a bad news for investor, a company that keep asking money is not good normally, but there is an exception case...
Red_ Sometimes , the admin could be underestimating the damage from the retailers chaos . Plus , retailers suggest the price shud diluted in big way from the R.i.
For me , the only important benchmark is their improvement of the Qtr Results. Which considered quite satisfy from the previous 2 qtr. Of course , to regain back market confidence EG got to do better.
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....
charlie chia
2,151 posts
Posted by charlie chia > 2017-05-04 22:34 | Report Abuse
Egm