I WANT TO TEST MY SIMPLE THEORY OF THE RI EXERCISES ON KANGER:
But as I looked at certain companies before, after the company approved the RI and setup the issue price for RI, the share price firstly will drop.
But near the date of the RI to be executed, the price will be markup higher than the issue price of the RI.
These scenario surely not be absolutely will happen to Kanger, but it has high chance or probability to follow suit.
And:
I'm keep waiting for a good announcement from Kanger, BEFORE THE EX-DATE FOR THE RIGHT OR AT LEAST BEFORE THE ACCEPTANCE AND PAYMENT DATE FOR THE RIGHT ISSUE.
If there is any, its can be a catalyst for the price to be pushed up. The current price later should be push up to the higher level to make sure that the RI will be a success.
Take a note that the issue price for the RI share is @ 6 sen per share.>>>>>>>>>>>>>>>>>
airbnb operates in over 200 countries and 100,000 cities around the world with 6 million listings...most influential REAL ESTATE company ever...KANGER is in REAL ESTATE now...airbnb target price usd210...KANGER target price usd21...
Ex-date = 27 Aug 2021 Trading Rights (OR) = 01 Sep 2021 - 7 Sep 2021 Acceptance and Payment = 15 Sep 2021 05:00 PM Listing Date = 30 Sep 2021
Ex-date approaching.
You can roughly gauge retailers response to rights issue application when the OR is traded from 1/9 - 7/9
Current Total issued share = 2,796,130,182 If operators finding it tough to push up now, it could be much more tougher when the RI and free warrant are listed .
@MZM2511 Interesting observation...Let me try to explain partially. At first price drops because some existing investors sell mothers to get fund to participate in RI. Then towards the ex-date, new investors who realise or think the RI is a good deal buy in, so price goes up. In addition operator might be also playing their role.
I cannot understand....the buy queue at 5.5 is more than 25 times the sell queue at 6, but still just now at 9.57am there were 30 continuous sell! Either the sellers didn't check or they try to manipulate?
To do business needs capital. There are many ways to acquire the capital. Without capital there is no chance to expand the company businesses. There is a number of plans for Kanger to venture in new businesses.
The company without enough cash in its account, can generate the capital needed by exercising a debt/loan financing. The company also can generate the capital to do new investments via the issuance of new shares by exercising PP or RI. It’s not involved any major debt/loan financing facilities and it’s a ZERO RISKS FINANCING exercises .
By doing so, the company can minimize the risks of higher debt burden by the company in the future. The financing facility via issuance of new shares also could minimize the cost of financing for the company.
IF the new businesses are truly have good potential to improve the revenue and profitability of the company, I think it will be for the good to the company and it share holders.
Furthermore, my logic is, the company with plans to do something for betterment of the company is better than the company without any plans. Yes, every investment has many risks but it also maybe has many opportunities.
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....
MadCow75
3,091 posts
Posted by MadCow75 > 2021-08-23 22:09 | Report Abuse
but he got so many ID....