only if they successful obtain any mega project allocate from gov.. what if empty handed, they'll back to square and their investment in DWL will withdraw ....
Gadang and DWL will be slowly start moving north. There's not likely to be any sudden jumps like before. It should be a steady ride up the next quarter.
509 tomorrow mark PH 1 year in power. If they don't review on mega projects which is in PH manifestos will people again vote PH in GE15?
Posted by riskabsorber > May 7, 2019 2:28 PM | Report Abuse Investment in DWL will not withdraw. If cannot obtain the mega projects, Gadang will go back to 50~60sen range.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING GADANG HOLDINGS BERHAD ("GADANG" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN GADANG, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN GADANG (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")
shareholders will be expand and sure la price should drop a bot, depending on how much shares to be issued....why PP instead of RI which available to everybody??
Think from positive side. The last PP was done on April of 2016. Refer to annual results, FY2016, FY2017 and FY2018 are the best consecutive results to Gadang in the past many years (profit >90m).
The issue price of the Placement Shares shall be determined and fixed by the Board at a later date (“Price Fixing Date”), after the receipt of Bursa Securities’ approval for the Proposed Private Placement.
The Placement Shares will be priced at not more than 10% discount to the 5-day volume weighted average market price (“5D-VWAP”) of Gadang Shares immediately before the Price Fixing Date.
For illustrative purposes, the 5D-VWAP of Gadang Shares up to and including the LPD is RM0.8241 per Gadang Share. Hence, for the purpose of this announcement, the indicative issue price of the Placement Shares is assumed as RM0.75 per Gadang Share, representing a discount of approximately RM0.0741 or 8.99% to the 5D-VWAP of Gadang Shares up to and including the LPD.
Based on the above, they will purposely push down the price so that the price get lower, I don't think they will push up the price within this period of time. Besides, post PP will drop even further, just refer to JAKS.
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....
jacksonfoo88
47 posts
Posted by jacksonfoo88 > 2019-05-06 00:03 | Report Abuse
final round to collect before my tp 1.0