The thing is, if it goes below 30 sen, then will pnb be the only subscriber? Cos it doesn't make sense to subscribe to the rights issue if you can go and buy directly at a lower price ya?
If what u said on pnb have to buy 99% of RI, then it may trigger a mandatory takeover? This is because the rights issue is huge compared to the current outstanding shares
Has UMW already given out the UMWOG shares to its shareholders? If not means, then Susah loh. Rights issue might have to be scrapped or done at a lower price. Bad to worse.
Now UMW abandon the ship, let this ship sinking, other UMW shareholders treated UMWOG share as dividend payment instead of investment for long term benefit after oil price recovered.
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....
JoshuaMS7
4,309 posts
Posted by JoshuaMS7 > 2017-07-12 09:21 | Report Abuse
bottom 0.350? can buy now?