hmm.. if today can closed at 0.145-0.15, then very interesting to see tomorrow's bcmall-OR opening price... subscribe right issue is much more cheaper than buying from market now. Hope OR can open high at 0.05 instead of 0.005..haha
why sell OR since the cost of subscribe RI is much cheaper than buying mother from market now. Unless worry mother's price will drop below 0.08 after RI listed next month.. ( if this really happens, meaning that last friday and today's rise are trying to trap ikan bilis )
for saudee's case: their share price increased a lot (0.19 - 0.27) starts from RI ex-date to the end trading of OR . When the OR trading ended, share price dropped dramatically and continues dropping till their RI's price 0.15 even lower to 0.14. When RI and warrants listed, share price increased back again to highest 0.3 till today dropping back to 0.14 again. One thing is even saudee's price push to between 0.19 -0.27 which was much higher than RI subscribe's price 0.15, but saudee-OR maximum trading was only 0.01 then dropped to 0.005 still no many buyers. Meaning that, for saudee case: the sharks only push mother to high price but still left OR at very low price 0.01 -0.005.
Will this pattern happens at bcmall? hmm.. let's wait and see.. time will tell..
PRESS RELEASE BCMAll and rLoop Ltd of HK receive RM$845 million order for Covid-19 attenuation devices KUALA LUMPUR, 26th July 2021: BCM Alliance Berhad (“BCMAll”, Stock code: 0187) via its whollyowned subsidiary, BC Medicare Sdn Bhd and rLoop Limited (“rLoop”), a Hong Kong corporation have received a letter of offer from Euro-China Technology Achievement Transformation (Tianjin) Co Ltd (“EC Tech”), a company incorporated in the People’s Republic of China to purchase 100,000 units of virus attenuation devices with a total sale of US$200 million (RM845 million). This virus attenuation or reduction devices use photon mediated electrons and emitters under rLoop’s brand name of “rGuard” (“Products”) in the global market except for India. The Products can disable the coronavirus in enclosed spaces with up to 99.9% efficacy, enabling schools, colleges, homes and businesses like hospitals, hotels, offices, restaurants, auditoriums, transportation, retail and airports to get back to normal and serve the people in a safe environment. At US$2,000 per unit, the price will include royalties, installation & debugging, operations & technology information training, data monitoring and maintenance services. BC Medicare is in the business of designing, developing, manufacturing, testing, configuring, assembling, packaging and shipping electronic assemblies and systems, whereas rLoop has the intellectual property rights and licensing right for designing, manufacturing (including contract manufacturing), developing, distributing, marketing and selling of these Products. On the same day, rLoop has engaged BCMAll via a Memorandum of Understanding (“MoU”) to manufacture, test, configure, assemble, pack and/or ship the virus attenuation or reduction devices as well as provision of manufacturing services for the Products. A separate OEM manufacturing agreement between rLoop and BCMAll is underway. BCMAll will also be responsible for providing training to EC Tech on the functions and operations of the goods. The Executive Director of BCMAll, Hoo Swee Guan [侯瑞源] said, “The Covid-19 virus will exist for a long time, and the global economy and society must be reopened after vaccination program worldwide. Eliminating the virus is the top priority. The rGuard can be installed in all in-door areas and it has huge market potential.” “BCMAll is also authorised to market the Products to global markets, except India. Fortunately, we receive a big order of US$200 million before we even start, and the future sales volume will bring very considerable turnover to our group,” Mr Hoo added. All the 3 parties would be negotiating towards a definitive agreement to formalise this significant order. The tripartite definitive agreement will contain detailed terms in the following aspects as well as such other terms and conditions that are standard for transactions of this nature and acceptable to the signing parties, such as specifications and packaging, quantity (number of shipments and quantity of each shipment), price terms, delivery schedule, destination, payment terms, quality and inspection (return policy), installation & debugging, training, warranty and maintenance. About BCMAll BCM Alliance Bhd is a Malaysia-based company that is the investment holding company of BCM Group. The Group's principal business activities include the supply, installation, testing and commissioning of commercial laundry equipment and medical devices. The Group's major products include vented and on-premise commercial laundry equipment, such as various types of washers, tumble dryers, dry cleaning machines, flatwork ironers, spotting tables, industrial presses machines and chemical dispensing systems; medical imaging equipment, including MRI systems, CT scanners, digital radiography/fluoroscopy systems, X-Ray systems, bone densitometers and CR systems, and disinfection, sterilization and surgical room equipment. BCM Group's clients are self-service launderettes, on-premise and other laundries, as well as healthcare providers. BCM Alliance Berhad's subsidiaries include BC Medicare Sdn Bhd, Foodict Maker Sdn Bhd, Best Contact (M) Sdn Bhd, CS Laundry System Sdn Bhd, Maymedic Technology Sdn Bhd and BC Medical Sdn Bhd.
now, most of people don't want subscribe RI @0.08 (50% discount from mother's opening price), just wanna throw OR @0.005... oh dear.. anyway, i going to subscribe.. unless can sell OR @0.03 above :)
i can sell @0.005 just now, but is no point to sell it with little "small free gift" unless you holding a lot of OR, else u just paying the brokerage fee.. Subscribe RI @0.08 and get free warrant (potential to goreng).. that's big gift..
--------------------------------------------- Theoretical Price for OR ---------------------------------------------
LR = Reference Price for rights on Listing Date (RM) P = Previous day closing price of ordinary share (RM) Z = Subscription price per rights EP = Exercise Price of Warrant (RM) RW = Warrant ratio to Rights
but looks like traders sell on "good news" today.. maybe they will use the $$ to subscribe RI.. hope before RI listed, mother's price wouldn't drop below 0.08 likes others penny counters.. Besides, laundary, bcmall also doing medical, disinfection and covid test kit business.. i believe it has potential to grow..
@jetming123 from your experience, got any cases/possibility that no buy queue for OR any eventually the OR become 'toilet paper'? after the OR trading date?
option 1: buy more OR at 0.005, so cost will be 0.08+0.005+stamp duty RM10 (this not sure is compulsory to pay no not). This option can guaranteed will get the RI
option 2: apply excess application without buying any extra OR. But this option not guarantee can get the extra subscription. If the subscription's rate is not good, then chance to get this higher. But i think the company will allot to their "insider vip" first if they really want to subscribe.
@ykh, yes OR will become toilet paper if you no intend subscribe RI and dont sell the OR after trading date. And your holding of mother also will be diluted.
@ykh, yes u can. But if u already sold @0.005 then u wanna buy back @0.01? that's will cause you 100% more than your selling.. think twice.. and you will pay for twice brokerage fee. unless u are using Rakuten contra or any broker didn't charge for brokerage fee (but so far i didn't see any in Msia, if have is good news for intraday traders :)
Force you all to bring more money to subscribe ri. Then eat up most of your money but leave the bones for your keeping. Lien ho counters all like that. Gocean etc......
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....
dem777
133 posts
Posted by dem777 > 2021-07-26 12:25 | Report Abuse
To entice innocent people to buy the RIs, the mother share will be down immediately after the RI subscription date is over!