Monday, 3 February 2014

CCFH (S-CHIP) - FIRST PLACEMENT A DISCOUNT TO PLACEMENT PRICE Vs 2ND PLACEMENT A PREMIUM TO PLACEMENT PRICE

Taking a look at CCFH placement share to subscribers, we found out similar motive with regard to the placement shares. The placement shares were issued and allotted at the same price to the same person as seen in the PDF picture shown below.
 
On the left is the placement agreement on 24 SEP 2013 and on the right is the recent placement agreement on 30 JAN 2014. The 1st placement share were agreed at a discount of 9.98% while the 2nd placement share were agreed at a premium 43.48%. We also noticed that the subscriber for the 1st placement share have since disposed its stake in the market and is now applying for new shares in CCFH at a premium of 43.48% at 3.3cents. What is the motive behind the disposal of the share in CCFH and applying for new shares in CCFH again in 30 JAN 2014? The subscriber could have purchase the shares in CCFH for a much cheaper valuations. Did the subscriber want to profit from the 1st placement share instead of investing in the company shares?

As seen in the stock chart below in CCFH, we see selling pressure going on after the 1st placement agreed and allotted. Today we see some distribution going on at $0.03, we shall monitor the share price closely.
 
 
 
As you can see here, the subscriber has seen disposed their stake from the 1st Placement and now applying for new shares in CCFH again. 
 
 

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