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jeffrey, PP its means private placement. the company offer their shares to private investor at certain price to collect since Luxchem still in accumulate phase..im not sure when their PP complete.
jeffrey, Basically, private placement to raise financing. there r two kind of PP. Private placement to expand the bisness it gud for the company and investors. and second one, PP to pay the debt, well its not good (u can refer proposal PP for airasia)
Mean company not willing take their money from their bank account or loan from bank. They want money from you or investment bank. They offer special price but finally offer price will almost align with share price. Meanwhile, EPS will diluted after PP. Some people willing to wait next qtr report to justify their investment make positive return.
I hold this counter 3 year ago. I had sold all from 0.6x to 1.0 with average price at 0.5x . I had invest short term few time from 0.5x to 0.6x last year and had been sold. At this moment, I still waiting for good entry point.
wow, thats amazing u managed to hold it for 3 years.. i bought this about 6-7 months back, the share price been moving slow , ever since i missed selling it at Rm1, it has been moving within the range of 0.7-0.8... i wanted to be patience , but also considering the oppty cost for holding this share longer..
i see thats cool.. hopefully wil see it goes up slowly but surely.. but still heavily following the trend of others healthcare counters, which majority are on downtrend now ..
