stock market is full of miracles

today's news: Green Packet director sells 1.1m shares
http://biz.thestar.com.my/news/story.asp?f...53&sec=business

weakening.. everything seem to be taking a breather.. watch out!

The company is proposing to pay it's shareholder 30sen cash for each ordinary shares held.This money will come from reducing the par value of 50sen to 20 sen.If you hold 1000 units,you will received cash of RM300.

They are paying 30 cents per share back to you.

How to pay and in what form?
by cheque.

if they paying so much than after the pay out how the price will be .. 0.335 - 0.3?

anyone of u getting this counter?

let me add.. they will send the cheque to your registered address (if you are holding normal CDS account), and to ur secuirties company (if its a nominee CDS account, the securities company will send it to you after deducting a nominal amount as their service charge, if i am not mistaken).

first, u have to check on the ex-date to be entitled for this. meaning to say, on the ex-date, u must have the share in ur account...

This post has been edited by verbatim: Jan 12 2009, 03:04 PM

Theoretically yes. You can check Achieva of SGX, they just did that, since you are there.

this is a prayer to awaken a sleeping 'giant'...

Yes, stock price will be adjusted accordingly.

So if stock price stay at this range, then it will become 0.035 afterwards.

Bare in mind, the company is without any core business, which violate the listing requirement already, so there is chance of delisting while company is seeking extension from KLSE to fulfill the listing requirement which until now being given until 31/3/2009.

haaa 0.335 - 0.3 = 0.035 .. so tiny penny stock liao?
htt u getting any?

rumours saying they wanna goreng up this stock but trade at ur won risk

so dont think anyone will buy in this TAMCORP

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Added on January 12, 2009, 3:27 pmsorry one more last noob questions .. if get delisted than how .. holding the toilet paper than .. cannot sell ah .. will still get div?



This post has been edited by mo_meng: Jan 12 2009, 03:27 PM

I WONT BUY.. I know this will bring more negative than positive.. existing holders will see this as an opportunity to cash out from the stock..

I learned my lesson after LITRAK cap repayment..

wat happen from ur LITRAK cap repayment? can gv some lesson learn to noob here

after delisted u'll get nothing but u'll still have the share on paper...

than u wil still lose money if delisted .. but how high is the prob it will get delisted .. it says the dateline is 31/3 rite

Think the company is going to get de-listed after the capital reduction, then you theoretically still have a cut on all the assets of the company, before they slowly loss it up, or sold it and distribute to you again. It seems the 30 cents is almost all the short term capital they have, don't think they have any intention to continue running this company, they might just want to cash out, bit by bit. Just my 2 cents.

ok .. so the risk it greater for this counter .. forget bout it

I will call a buy if drop to 30.5 sen.

My cost will be half sen only nia.lol

This post has been edited by lklatmy: Jan 12 2009, 03:58 PM

If drop below 30 sen I buy, with condition the capital reduction still going on