i dont think OCK will drop 1.24 and below...better collect more at 1.26-1.30 level....anytime price will touch 1.50....may b before hari raya.....after transfer mainboard the price will maintain at level 1.80 -2.00++++
Before HOT market, there is always a short Cooling period. Don't worry, let someone collect more and more, then HOT time will come later. $1.25 consider very cheap......buy buy buy
jayhao2000: I know that last year October the boss mentioned that they are planning to submit the doc in April, so far there's no news announce yet and may be already submitted but I'm expecting OCK to be listed on main board this year then other institutions can start to invest in this company too :)
Neohts: the 20% will be given to interested investors normally at a discounted price of 10% lesser from the later fix price. I think this is a norm for private placement ...RM1.22 is just for eg..as I understand it.
I remember LTAT is also doing the same to DKSH, almost everyweek acquired and disposed. then pushing DKSH price from $2.00 to $9.00 then slowly reducing their DKSH shares. Maybe they are planning to do the same to OCK
Hi Relax.....do u mean the price is not fixed yet ? That mean they are trying to push the price lower so that the 10% discount price is lower. Then we should buy more to support the price so that they can get them cheap. I believe once the 20% transaction is confirm and done, OCK share price should go up very fast because they want to make fast money from OCK.
Hi SHQuah, Your answer is in para 2.2 of the PP announcement earlier:
2.2 Basis of determining the issue price of the Placement Shares
The issue price of the Placement Shares shall be determined and announced by the Board at a later date after the receipt of all requisite approvals for the Proposed Private Placement, at a price that is deemed appropriate after taking into consideration the prevailing market conditions and the five (5)-day weighted average market price ("WAMP") of OCK Shares immediately preceding the price-fixing date.
The discount for the issue price of the Placement Shares, if any, shall not be more than 10.0% to the five (5)-day WAMP of OCK Shares immediately preceding the price-fixing date and such issue price shall not be lower than the par value of OCK Shares of RM0.10 each.
For illustrative purposes only, the indicative issue price of the Placement Shares are assumed at RM1.22 per Placement Share, representing a discount of approximately 9.6% to the five (5)-day WAMP of OCK Shares up to and including 9 April 2014 of RM1.35.
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....
neohts
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Posted by neohts > 2014-04-23 13:03 | Report Abuse
waiting to accumulate more if drop below $1.25.