Rosmah.....u sure the private placement at RM 4.10? But according to bursa announcement, its RM 5.00
We refer to the Announcements in relation to the Proposed Private Placement 2. On behalf of the Board, Alliance Investment Bank Berhad wishes to announce that the Board had on 7 April 2015 (“Price-Fixing Date”) fixed the issue price for the placement of up to 8,800,000 Placement Shares at RM5.00 per Placement Share. The issue price for the Placement Shares of RM5.00 represents a discount of approximately 0.20% to the five (5)-day volume weighted average market price of PESTECH Shares up to and including 6 April 2015 (being the last market day prior to the Price-Fixing Date) of RM5.0101 per PESTECH Share. This announcement is dated 7 April 2015.
i checked back the stock chart, when the private placement I was listed on 4th March, the price of Pestech was around 4.80, in fact it gone up next few days..... So i don't think they are selling now. Past few days just normal profit taking....just my 2 cents
THEY GORENG THEIR SHARE FROM 3.50 TO 5 TO DO PRIVATE PLACEMENT. BUT AFTER PRIVATE PLACEMENT, THEY STILL NEED ADDITIONAL LOAN / BORROWINGS ( SEE CASH FLOWS, FINANCING ACTIVITIES)
IF THEY NEVER SOLVE THEIR LIQUIDITY / CF PROBLEM. PROFITABILITY LEVEL IS JUST MEANINGLESS. PROFIT CANT TRANSLATE TO CASH, WORK FREE FOR PPL. THIS CO REALLY BAD IN FINANCIAL MANAGEMENT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! LOOK FWD FOR CONSTRUCTIVE ANALYSIS AND THINKING, SELL BEFORE IT GOES BUST.
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....
Unbeatable Nick
512 posts
Posted by Unbeatable Nick > 2015-04-15 15:43 | Report Abuse
lao sai for few days.....time to pick up!