where can i read more on this? eg, who are selling etc.

some friend working for broker firm told me. And based on own experience. and see USD/MYR also

hmm if want know news will come out

Depend on broker. For me no, until I wanted to register myself as a sophisticated investor.

Unless u are short term, I say wait a bit. Most of Asia is red coz of virus fear, and here in boleh land we have political uncertainty.

This post has been edited by Cubalagi: Feb 24 2020, 11:02 AM

Try salute 0183, dividend 0.6sen.

It depends in market sentiment.
Market sentiment good - $767 is discount! oversubscribed.
Market sentiment bad - oh, no, more shares, diluting, share price tumbles.

The price of 2.59 is reference price purpose, it doesn't mean share price must be higher or lower when merger completed.

Those are proposal, is always subjected to approval of authority (if), and shareholders vote. Nothing is guaranteed until all the approval in place and execution of the proposal is on the way.
Generally those fair and reasonable proposal mostly will get through one.

thanks!!

I Went to Maybank with EIC facilities , long list of form, i got the form back home to fill up but i can see the letter of instructions and authorization is for Invesment bank .
How do i know it is EIC o IB ?

As long as you got it from commercial maybank’s EIC that should be fine, ultimately my account name is still under Maybank Investment Bank, but i pay 0.10% or rm8. You can confirm with your dealer at EIC for your comfort

free falling. which counters to eye and slowly invest in...

EDEN now very volatile. It's Muhyiddin stock hahaha. If he's the new PM, confirm skyrocket.

so the Tesla price $767 is also just a proposal right? the price now is $650 so that means it's unlikely for them to issue new stocks at higher price?

Shouldn't the first and most foremost question to ask is whyTesla needed to make that cash call?

Maybe it will be deferred or have the issue price lowered.

The reason is maybe because Elon knows it's overvalued lol.

It's cheaper to raise more money when shares are overvalued (e.g. you issue 1 share for $767 rather than issuing 1 share for $500). Another example of a company doing this is Beyond Meat. They did a second round of IPO right after their first because they know people wanted their shares badly.

Although it may have dilutive effect on EPS, this money received now can help finance investments and expand the company faster.

LOL. Yeah this is how I would address it before I make any decision. I would want to find out why...

The stock went from bear to bull.... sharply.

Why? Why was the bear so fierce on the stock?

Was it because Tesla was losing money, under delivering and under producing and then worst of all despite previous year cash call, Tesla was burning cash call so fast that bears was counting when Tesla might actually close shop.

Yup, tesla had a cash call before.

Then their mega mega China plant finished. And then the China plant started producing cars... and Tesla started making money.

Stock went on a terror bull run.

And Tesla wants another cash call?

LOL. You tell me... how you want to rate this company? Want to bet on it?

And the current virus thing... has it created any problem for Tesla?

kelvinlym invested quite a lot into Tesla. Perhaps he can answer us

What I shared is what I would address if I would be interested in trading a stock like Tesla. It is what I would do.

I don't bet blindly.

If I am unsure, I just stay on the sideline.

I had no problems seeing Tesla shoot from 250 to 900+. No problems. Losing out on a high flying stock is never a problem for me if the stock does not meet my setup. Seeing the stock plummet back to 660 doesn't make any happier either.

My views on the recent capital raise: Either the management is a liar or bloody genius. I feel it’s the latter and I’ll explain why, but first some background.

They denied needing a capital raise saying Tesla has enough cash to deploy whenever needed then proceeded to make an about turn in less than a month. Granted the share price went up 30+% since the earnings call.

My opinion, the sudden jump in share price caught even the management by surprise. There were no change in fundamentals and management knowing projections better decided that it’s a good time to make a raise which essentially increases their cash position by 30% with a less than 2% dilution of the stock. A no brainer considering the looming virus threat and short term uncertainties in demand.

Fundamentally, the company’s prospects have become more positive and their long term outlook is even better due to the raise. I invested in early 2019, mid 2019 and early 2020 and will be holding as my original thesis hasn’t changed despite the current slowdown. I still see Tesla as slightly overvalued short term but very undervalued long term. So if I’m a short term trader and I had money now but no shares, I’ll wait a bit until after Q1 earnings to get a picture of how impacted Tesla is by the macro, and will make a decision then. Long term though, there’s no better time than now to buy.

So, make your own decision and move forward.

Full disclosure: I have shares in Tesla

typical speculator.

How is everyone doing this topic has been quiet. Hope yall is doing fine. Dont get freak out on paper loss. Save more and keep buying into good company at good price. Reap the fruits in 3-5 years time. That is a guarantee. Happy shopping.