TS,
You need to specific what you want to discuss.
You got the share?
You got interest to buy it?
You want to goreng it?
or want to look detail into the company financial?

If not, this thread will be closed as there is no focus point to discuss on.

Cheers.

One can post whatever opinion one thinks or likes but

please do a favour by not putting large font size on whatever posting, repeating doing it might lead to staff warning issue.

Thank you for the cooperation.

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Added on January 6, 2010, 12:34 amAs far as I know, Maybank does not have security business that provide security (guard) service.

This post has been edited by cherroy: Jan 6 2010, 12:34 AM

Short selling is definitely prohibited in Malaysia. Only regulated short selling on pre-defined certain counters are allowed. Even so, little people interested in it due to low liquidity issue.
As nowadays, with CDS and T+3 system in place, at T+2, your sold shares need to transfer to the buyer, so you can't possibly short sell without any share to deliver, as SC and Bursa will the first one to know after T+2.

NYSE can short sell, but they have put a stop on naked short-sell as well after the massive sell-down during the financial crisis.

Since after the mess financial crisis, most countries authorities have monitored closely on speculation short sell in general.

Any short selling is strictly prohibited.

One can be easily be found out by the investment bank, SC and Bursa as soon as T+2 after one sold the stocks which settlement and transfer of share need to be taken place time.

Renewal mandate of buyback authority means you allow the company to buyback the share only. Whether the company actually buyback or not, it is another story.

This is more about paperwok, as buyback authority generally ceased after 1 year.

You can seek for shareholder approval to buyback allow company to buyback the share, but company can buyback zero share. Then next year renew the buyback authority again, then still buy zero/little, then renew again.

How can company issue right issue at a price below the par value of the shares??
In this issue, the Par Value is Rm0.10, the least right issue price is Rm0.10.
Can SC approve the right issue price at Rm0.08?

Issue right at RM0.08 with Par Value means you are straight away making a loss of Rm0.02 in the process in the account book.

Where got?

The announced proposal is RI at Rm0.10 with free warrant given.
(RM0.10 which is as same as par value, as I mentioned before, it is impossible to issue RI at below par value, unless you go for capital reduction first to reduce the par value)

You know why
A stock that fall from 0.50 --> 0.40 --> 0.20 --> 0.10 --> 0.06,
there is nothing excitement from 0.06 goes up to 0.09.

Wait until it can surge beyond 0.20, then a lot of people will talk abou tit.

This, you have to ask Makantidursaham better.

My advice is to look its
paid up capital
profit it made
the number of new shares keep on being issued due to conversion of bond.

I don't mean it will go up to 0.20 or not in the previous post.
Just there were many people "sapu"ing" during 0.1x-0.20 or even higher, so now surge from 0.06 to 0.09, for them, there is nothing to shout about nor has anything to happy about when it reach 0.09. That's why you see little people talk about it.

The right issue never being priced at 8 cents. You cannot issue right issue below your par value.

The right issue proposed is exactly as same at its par value 0.10, with freebie giving out as posted earlier.
SC will never approve the right issue below par value.

I don't know why people keep on saying right issue at 8 cents, as far as I knew, it never put such a statement or proposal at all
This is what the lastest proposal

Yes, but it will be much complicated, as you need to fill up the disparity from somewhere, one way is just like Kinitos posted.

As if you place an exercise price below par value, every warrant converted to mothershare will result a loss to the company, not something you wish to see when you issue warrant nor existing shareholders want to see.
It defy the purpose of issuing a warrant and very detrimental effect on dilution as well as result losses for existing shareholders.

This post has been edited by cherroy: Sep 25 2010, 04:00 PM

yes, it can be done.

The only thing you are not getting right is that,
If under capital reduction, par value being reduced from 0.50 to 0.10, generally practice is that they will consolidate with 5 shares become one aka 5 x 0.10 par value back into the 0.50 par value. Same par value back but with reduction of no. of shares.
Aka in the process 5 shares being reduced to 1 share.
So, the ex-capital reduction share price will become 2.00, as it is counted on the basic of 5 share become 1 share.

So 2.00 is equivalent to previous 0.40. This is how ex-market price works.

And with 2.00 ex-market price, company face less difficulty to issue right issue at 0.50 or even 1.00.

LOL, you want to buy at 0.90 to 0.85?

So generous...