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the top management in the past had taken out very significant co"s cash resources for foreign investment
under current critical period the price has dropped from 2.40 ,to prevailing price of 1.76
do you think that the major shareholders are obliged to buy back and support the shares to more reasonable level
it's losses could greatly attributed to the the greed, self interest personal gain of the top management ,
betrayer the support and faith , interest of the minority shareholders ,the are paid millions in salaries and perks yet the performance of the company was so miserable is it justifiable and commensurate for such benefits ? do you think they should crawl back what they have received ?
as this co has no unappropriated. accumulated profit and with such enlarged capital it will further dilute the EPs unless the co is comfident potentialy the prospect of the existing business will improve and/ or new business if any will enhance the EPs further otherwise the proposed bonus issue only serve as printing more shares which serves no purpose on its earning it only diluting the EPs
recently the proposed bonus issue of 7 for 5 most likely capitalised either from revaluation of fixed assets and/or from intangible assws like share premium account as it has no accumulated unpoprited
unless you have a crystal ball otherwise no one can predict the stock market
it can go up to Rm 5 or down to 0.25 CTS
nevertheless unless it has undisclosed extraordinary income item and or undisclosed new profitable venture based on it's current core business it doesn't have the fundamental to justify the prevailing price of 2.14 it's pe400 over ntA 0.15 EPs 0.53 be cautious la