Succumbed to temptation and bought another small parcel at 0.87. That will be it for me (of course will be kicking myself for not waiting longer if it falls further), have bought around 5x my entitlements worth at an average of about 90c, total average about 1.08. Seems to just keep sliding but there is little doubt that it is cheap at this level. The cap raising is a straight asset injection of cash at 0.94 per share paid by the underwriters. We're currently trading 7.5% below that, which puts the pre-equity raising MYR at around 83-85c per share (very rough numbers).
All imo dyor
MYR Price at posting:
87.2¢ Sentiment: Hold Disclosure: Held
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