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Extracted from company announcement.
Not a straight share placement here.
But one with floating placement price at 90% of market price, i.e. always at a discount and floating
This is a form of what people usually called " Death Spiral" financing.
While the company use the term Framework Agreement, in essence, in my view, it is no different from a Convertible with Floating Conversion Price.
Extra reading:
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the issue price for the Placement Shares set out in a Subscription Notice (the &ldquo Issue Price&rdquo ) shall be (i) equivalent to 90% to the weighted average price for the ordinary shares in the capital of the Company (&ldquo Shares&rdquo ), as traded on the SGX-ST for the full market day on which the Company issues that Subscription Notice and (ii) shall be based on the weighted average price per Share published by Bloomberg L.P. or such other sources that the Company and the Subscriber may mutually agree in writing, and the weighted average price per Share shall be set at four (4) decimal places. If trading of the Shares on the SGX-ST is not available for a full market day, the weighted average price must be based on the trades done on the preceding market day up to the time the Subscription Notice is issued by the Company.
Not a straight share placement here.
But one with floating placement price at 90% of market price, i.e. always at a discount and floating
This is a form of what people usually called " Death Spiral" financing.
While the company use the term Framework Agreement, in essence, in my view, it is no different from a Convertible with Floating Conversion Price.
Extra reading:
Impact and risks of &ldquo death spiral&rdquo convertibles
https://www.sgx.com/media-centre/20160825-impact-and-risks-death-spiral-convertibles----------
the issue price for the Placement Shares set out in a Subscription Notice (the &ldquo Issue Price&rdquo ) shall be (i) equivalent to 90% to the weighted average price for the ordinary shares in the capital of the Company (&ldquo Shares&rdquo ), as traded on the SGX-ST for the full market day on which the Company issues that Subscription Notice and (ii) shall be based on the weighted average price per Share published by Bloomberg L.P. or such other sources that the Company and the Subscriber may mutually agree in writing, and the weighted average price per Share shall be set at four (4) decimal places. If trading of the Shares on the SGX-ST is not available for a full market day, the weighted average price must be based on the trades done on the preceding market day up to the time the Subscription Notice is issued by the Company.
Can spring back
Short this counter
gone case if they did not get more revenue contributor project. will becoming a shorter counter?
Joelton ( Date: 09-Sep-2021 09:51) Posted:
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20 otw...........
Miyoshi reports loss of major project in Philippines
COMPONENTS manufacturer Miyoshi Limited announced that it has received a notice from a customer that it will delist its registered activity with the Philippines Economic Zone effective from Nov 30, 2021.
The reason of the discontinuing project is mainly due to the business directive of the customer to consolidate its production line. The registered activity is currently located in Manila, the Philippines.
The customer is the Catalist-listed group' s major revenue contributor. Based on preliminary assessment, the discontinuing project is one-off and will affect about 18.4 per cent of revenue from the subsidiary in the Philippines. The impact on the consolidated net tangible assets and consolidated earnings per share of the group for the next financial year is estimated to be about 1.2 per cent and 48.5 per cent respectively.
Miyoshi reports loss of major project in Philippines
COMPONENTS manufacturer Miyoshi Limited announced that it has received a notice from a customer that it will delist its registered activity with the Philippines Economic Zone effective from Nov 30, 2021.The reason of the discontinuing project is mainly due to the business directive of the customer to consolidate its production line. The registered activity is currently located in Manila, the Philippines.
The customer is the Catalist-listed group' s major revenue contributor. Based on preliminary assessment, the discontinuing project is one-off and will affect about 18.4 per cent of revenue from the subsidiary in the Philippines. The impact on the consolidated net tangible assets and consolidated earnings per share of the group for the next financial year is estimated to be about 1.2 per cent and 48.5 per cent respectively.
Miyoshi' s shares closed at 3.7 Singapore cents on Wednesday, down 0.1 Singapore cent or 2.63 per cent.
cheap buy here...for 5 cts otot
Miyoshi result for May 2021 is profitable with $310,000 as compared to May 2020 with loss of $4.1million.
The good result is a bargain to buy share
The good result is a bargain to buy share
Looks like you know something before the result is out 🤔 🤔
tankoksee ( Date: 14-Jul-2021 14:53) Posted:
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50 otw...........otot
Good luck 🍀
easywin ( Date: 10-Jun-2021 14:08) Posted:
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Covered 60 percent at 040 balance see any chance to cover at 038
easywin ( Date: 10-Jun-2021 09:01) Posted:
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Wow now only 4c...wasted ..only covered 1 pip..shorted in the opening..if not now fa ta !
Yeah.. BB didnt tear down the 45 wall convincingly.. not nice. I have gotten out.. move to another stock awaiting to be pushed.:)
Trader1987 ( Date: 10-Jun-2021 09:30) Posted:
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I think will be UP ⬆ ️ for awhilez
Trader1987 ( Date: 09-Jun-2021 21:59) Posted:
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I don think so now.
Stocksguru ( Date: 10-Jun-2021 09:09) Posted:
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of course it is pump n dump it you chase high . but if you collect at mid to low 3 your are making good profit. my favorite stock.
Waiting to collect easy money
Stocksguru ( Date: 10-Jun-2021 09:09) Posted:
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Another Pump and dump