Every q red eps but non stop asking money from shareholder. Promise again and again but still cant perform, only knw hw to do placememt and right issue.
At 0.20 per RI and 0.02 per ICPS, even at maximum scenario where each ICPS is fully converted, the difference between this maximum scenario and buying from market at current price offers very little difference.
I think either below will happen if this is the case at the END OF THIS EXERCISE: 1) not much subscription from investors especially retailers OR 2) price must be AT LEAST few bids above 0.22 to attract subscription, else people can just buy from open market, especially if price drops a little further!
The above is true for me, not sure about the others though. Unless you think can earn from the ICPS share by not converting but selling it later when price goes up, but then the amount is very small only as compared to your capital.
I think this is a failed rights issue exercise haha...
Even the price up, it can’t sustainable. No big investor company interested. Only operator goreng up and then sell to gain money. Additional, rubbish William and rubbish BOD keep on ESOS, PP, ICPS and RI. Siapa interested?
luckypunting what makes you think that Q1 result is good? did you foresee the Q4 2020 result is good before? stop dreaming and be realistic and honest to yourself. i agreed with kok_wai1985, ESOS PP RI ICPS keep raising funds buy cheap sell high to the market, is not genuine in business, so called conman counter.
@luckypunting : Bioalpha is always goreng counter and never a good growth or fundamental one. Its business foundation cannot even sustain one mid global crisis, source of income not flexible enough, insufficient cash to even maintain its China contract. If not because of the supply agreement, everyone can kiss goodnight for a long time to come already.
Entitlement date announced for both normal share and ICPS Rights Issue. Only 2 weeks timeframe for company to entice shareholders subscription.
Not sure why not many comments on this Rights Issue with regards to own case, but at today's price I can simply spend the same amount and buy from market to arrive at the same averaged down price (only difference of 1 sen). Bear in mind that price may go down a bit more due to share dilution after the normal RI share listing. Which presents another window opportunity to buy from market at even further discount than today!
Another opportunity for bottom fishing is end May where next quarter will be announced barring any delay. If result is disappointed, this time impact is much worst, price can dip below 0.20 - as the community is expecting a turnaround due to China sales. The best thing from this exercise is don't need to spend admin effort to subscribe, can simply buy online at the click of a mouse!
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....
Dave92
154 posts
Posted by Dave92 > 2021-04-08 00:22 | Report Abuse
Every q red eps but non stop asking money from shareholder. Promise again and again but still cant perform, only knw hw to do placememt and right issue.