Dilution not only affects the share price but also the earnings per share (EPS) of the company. For example, a company's EPS may be 50 cents per share before the issuance of additional shares, and it may reduce to 18 cents after dilution.
beware anchovies / bilis PP DILUTION is REAL ...!! very GLOOOOMY ahead many to be in HOT SOUP / HOT TOM YAM liao
Put it in your daily WATCH LIST. When TECHNICALLY buy, just buy...TECHNICALLY sell, just sell. Forget all sleepless fundamentals/mathematics and guessing.........
Another SIS listing tomorrow...The last batch of Existing (old) SIS. This is for Executive Director MR. Wu Wai Kong -------- Types of corporate proposal ESOS Details of corporate proposal Share Issuance Scheme No. of shares issued under this corporate proposal 50,500,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0580 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 731,581,371 Issued Share Capital ($$) Malaysian Ringgit (MYR) 469,480,754.079 Listing Date 16 Jan 2024
And I also don't know why i am still here ? Should have left after selling all @12 , but then with a chance to buyback at half the price ! Sorry may be i am greedy.
The basic thing is Kanger not a dying company, at least in a short and medium term.. Still good as a trading counter, also for short and medium term investment (at least).. TAYOR
That time was even before Steven Kuah came into the picture. We were caught unaware when Wu started to dump his ESOS shares. And they played ding dong....up and down 0.5sen to 1.0 sen. Then later when the Chinese MD sold off all his shares, it was time to get out. Bought at 17.5, sold at 15.5. After that it went all the way to 4 sen, I was saying blessing that I lost a bit, not all. That too was RM 30k in damages. That's life.
Sold all. Just bye bye for now.. The climate is too cloudy. Still have a plan to re-enter @ below 5.5 sen. Thanks to Allah the loss just around RM20k @this counter... Compared to more than RM73 k if I cut loss when the price is around 4 sen years ago.
Not bye bye yet for this counter. As I posted before:
The basic thing is Kanger not a dying company, at least in a short and medium term.. Still good as a trading counter, also for short and medium term investment (at least).. TAYOR
They started by announcing they got the Sinovac deal. Prices go up. When prices cooled, they make another news, They donated vaccine to Sabah, price go up and when it is down, they make news again, They are now making gloves with land in Ijok with Middle East buyer. After that, they got a deal with Chinese state government giving them free bamboo material. Got long term lease with Autocity and ...all to prop up prices. Then they got out of China, they start their foray into construction management.....All these gave investors hope...and hope to make money. It is just a show to stir interest. I only have myself to blame...I was greedy and hopeful, just that hope never come. My mistake.
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....
OKU_2020
4,857 posts
Posted by OKU_2020 > 2024-01-12 10:15 | Report Abuse
Many hidden BOMB / BOBBY TRAP ahead
Beware...!