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Even though FY22 profit surged 500x, it's share price remains low. Didn't even go back to it's previous price of 1.80 !If it's profit dropped, be rady for RM 1 or lower!
Slowly but SURELY, it's heading to 0.01. Another rights issue or share consolidation? That's the only way the directors know to raise fund to pay their salaries and allowances and for capital expenditure instead of making the company profitable! Shareholders will soon lose all their money!
hope it doesn't follow the path of perisai, an O&G counter that rose from RM 1+ to becoming penny stock and PN17, and now delisted! But the path is similar!
As long as the political climate is unstable, with pas making political gains, toto & magnum will be in the doldrums, even though they remain profitable and give consistent dividends.
In the midst of all this bad news, will the minorities of Boustead accept the 85.5 sen offer, or will they stay on with Boustead, thwarting LTAT’s privatisation plan?
LTAT chief executive officer Datuk Ahmad Nazim Abd Rahman is confident the privatisation of Boustead will go through, after which he can plan to start cleaning up the fund's key investment in the Boustead group.
Will the minority shareholders accept 0.855 or demand a higher price ? If the higher price demanded is not acceptable to LTAT, then the privatisation will fail and price will return to 60c level.
You don't seem to understand. Read my statement again. I am just giving reasons why some ppl bought at 86c. I already bought n sold few times since 2 years ago. I stated that I sold all and did not want to take the risk!