Would be nice to retire early and healthy! Just wonder what you think of dolphin international as it is also doing right issues to acquire Uncle Don. Ex-date 23 July. It's quite active trading now.
market active many cash calls. to be cautious , i only prefer minimum risk which is in favor of me and able to shoulder the downside. i wait see . in the mean time, i prefer sycal with several self satisfaction reasaons, or shiok sendiri only. just a laugh
Thanks, and iIndeed, the fund to be raised will be mainly used in the housing and condo projects which look good to me. I know of this ICPS thing just now and the share price now is about 3-5 sens higher than last week when the price was less than 20sen, so I lose out a bit, but this extra 3-5 sens when spread over the 15 ICPS is just about 0.3 sen/ICPS. With egm on 6 Aug means the ex-date will be soon. Conclusion: I will definitely buy too.
Sweng88 and all, Below is copied from Bursa Announcement. Pls check there for more details.
The Proposed Rights Issue involves the issuance of up to 6,244,866,420 ICPS on the basis of 15 ICPS for 1 Share.
Based on the Conversion Mode, the ICPS can be converted into new Shares at the Conversion Price in the following manner: (a) by surrendering for cancellation twenty (20) ICPS for conversion into one (1) new Share (“Conversion Ratio”) (“Conversion Mode 1”); or
(b) by surrendering for cancellation one (1) ICPS together with a cash payment of RM0.19 for one (1) new Share (“Conversion Mode 2”).
Each ICPS costs 1 sen to subscribe. In short, if you choose Conversion MOde 2, you get 1 share by paying 1sen +19sen=20sen. Now the price is 26sen, so potentially major earning.
ICPS called off, see announcement 30 march. It says the Perak project is making" net development proceeds of 24mil"....looks like it can do without the ICPS, that's why called off! Can expect share price up sooner or later?
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....
Furlala
19 posts
Posted by Furlala > 2019-10-17 13:00 | Report Abuse
Bursamaster, and all, any comment or latest update for this?