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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
the case is baseless , frivolous no case at all
nevertheless it boils down to bad management ,self-interest totally disregard the interest of minority shareholders ,shame on them
company has no progressive dividend policy
who can propose that company be resolved that at least 40% of its annual net profit be distributed as dividend to shareholders
the prospect of company is good but it is greatly outweighed by the self-interest totally disregard the interest of shareholders by the top management in this respect they have siphoned off tons of cash of the company for investments overseas at the expense of the company such long term investmen will only benefit the top management"s.grand children
fair or not fair is a question
to accept offer or not is dilemma , to accept , the feeling of being shortchanged is troubling not to accept the risk of becoming shareholder of an delisted company is frustrating , you have to accept the fact they are master of the fate of your investment