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PSC Corporation Ltd
By Derek  •  October 16, 2007
By: Derek Lim PSC closed at $0.455 today. Pretty disappointing if you consider that the last price before consolidation was $0.12. Hence after a 5:1 consolidation, I'm expecting about $0.60. Even if it is calculated base on $0.10 per share (figure used by PSC to calculate the rights issue price), I should still expect at least $0.50. However, I half expected that it will happen because trading on its share prior to its consolidation and rights has been low. All is not lost though. Interestingly, Super Coffeemix has become a substantial share holder by purchasing shares through Goi Seng Hui. Super Coffee Mix and Goi Seng Hui are still increasing their stakes in PSC through open market purchase. It's not hard to guess the direction where PSC is going given the strong China roots of both Goi Seng Hui and Super Coffemix. I'm waiting eagerly for PSC rights circular - I'm optimistic that its major shareholders including Super Coffeemix and Goi Seng Hui will exercise their rights fully which also means that the outlook for PSC is bright.
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By Derek
Derek is an investor who follows Peter Lynch style of investing. He prefers to use simple and straight forward information for stock analysis. He started with the intention to bring together all bloggers and professionals who are interested or already in the area of Finance and Investing, and to create a community where everyone is free to write and to share their articles, experience and opinions.

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