there was some announcement dated yesterday about listing of new shares; not sure what exactly. but if that was the case price should have been adjusted..not free fall like this morning right?
I didnt hold this share, stuck with some other shares. Just curious what happen to this counter, if my share fell like this, i don't know if my heart can take it or not.
PRIVATE PLACEMENT OF UP TO 5,553,000 FBB SHARES (“PLACEMENT SHARES”) REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF FARM’S BEST BERHAD TOGETHER WITH UP TO 16,659,000 FREE DETACHABLE WARRANTS (“PLACEMENT WARRANTS”) ON THE BASIS OF THREE (3) PLACEMENT WARRANTS FOR EVERY ONE (1) PLACEMENT SHARE SUBSCRIBED (“PRIVATE PLACEMENT OF SHARES WITH WARRANTS”)
Private placement is bought by controlling shareholders in announcement today albeit with 3 free warrants for each share. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1363501. So far still no announcement of them selling the free warrants. Do they want to increase their shareholding through private placement and the warrants?
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....
Shahrulfikri
43 posts
Posted by Shahrulfikri > 2012-04-12 14:42 | Report Abuse
Anything about this stock??