Jul 20 2009, 02:28 PM
QUOTE(CKC (Sense-Maker) @ Jul 20 2009, 01:16 PM)
I dont realise Cherroy is a moderator. I think he or she is fair. I think it is interesting to know:
1) how many mother shares in Bursa's history have made a turnaround after reaching 6.5sen?
2) is there a mandatory or dsicretionary rule empowering Bursa to delist counters below certain price, say 5sen?
3) is there a requirement on trading volume after a share falls below say 5sen.
Can someone shed some light? Thanks.
As long as any post concentrate on figure and facts, we welcome any criticism or praise. 1) how many mother shares in Bursa's history have made a turnaround after reaching 6.5sen?
2) is there a mandatory or dsicretionary rule empowering Bursa to delist counters below certain price, say 5sen?
3) is there a requirement on trading volume after a share falls below say 5sen.
Can someone shed some light? Thanks.
We also welcome personal opinion and view, as long as it doesn't point to personal confrontation issue.
1) The main reason Bursa UMA on this counter because the turnover and trading pattern (previous high volume trade) is simply too huge which one day trading volume can be way exceeding free float company shares. It is an unsual for any stocks for have volume per day 2x or 5x more than its available free float share.
Although volume is huge
2). No. As long as company shareholders fund is positive (if not mistaken >25%) of the total paid up. It doesn't violate any listing rule, be it your stock is traded at 0.005.
Company will be delisted due to negative shareholder fund or NTA (almost the same), which can occur if company making loss, or not having core business activities aka not doing business.
3) No, your share can be no trade for the whole year which there is no rule stated on how much volume must be.
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