What the. Why consolidate. Will go further down. They projected arou d 1.20., i dont think it would go that high. Lucky even after consolidate if get around 0.70 to 0.80
Consolidation the share is good move, as it may attract more institutional fund to buy it. As some of the fund have rules can't buy the company share with less than RM1 value., so wait and see
Consolidation will not change the shareholder's benefit. Somebody thought consolidation is dilution. It's just to reduce the number of shares and boost the share price.
But there is one thing that is negative: bad earnings.
3 directors have been acquiring istone shares since March..As of up-to-date 17/3, Chan KS total acquired 7,300,000 units, Rebecca Tee 1,500,000 units, Chin CL 1,149,600 units....
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....
pang72
52,088 posts
Posted by pang72 > 2020-02-25 18:56 | Report Abuse
Horry shit!!