KLSE: HOOVER (7010)       GRAND HOOVER BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.445   +0.005 (1.14%)  0.445 - 0.445  1,800
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Market Cap: 18 Million
NOSH: 40 Million
Avg Volume (4 weeks):26,389
4 Weeks Range:0.44 - 0.575
4 Weeks Price Volatility (%):
52 Weeks Range:0.44 - 0.715
52 Weeks Price Volatility (%):
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#4]  |  30-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  27-Nov-2019
T4Q P/E | EY: -6.30  |  -15.88%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.09  |  0.41
T4Q NP Margin | ROE: -3.97%  |  -6.48%


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Business Background

Grand Hoover Bhd is a Malaysia based investment holding company. The business activity of the group is functioned through Trading, Property development, and Investment management service segments. The company derives the majority of revenue from Trading segment which includes trading and supply of hard wares and all related products such as ceramic tiles, marble, sanitary wares, piping, and fittings. Geographically, the activities are carried out through the region of Malaysia.
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mf Suspend
16/11/2017 4:22 PM

HOOVER -Unusual Market Activity ("UMA") query
16 Nov 2017, 14:59
HOOVER -Unusual Market Activity ("UMA") query
HOOVER -Unusual Market Activity ("UMA") query
Bursa Malaysia Securities Berhad has on 16 November 2017 issued an UMA query on
the sharp rise in price of HOOVER?s shares recently. In this respect, investors
are advised to take note of the Company?s reply to the above UMA query which
will be posted at Bursa Malaysia?s website under the company
ncements/ when making their investment decision. The contents of the UMA query
is as follows:- We draw your attention to the sharp rise in price of your
Company?s shares recently (?trading activity?). In light of the above and in
order for investors to be able to make informed investment decisions, you are
requested to respond, after making due enquiry with your directors, major
shareholders and such other relevant persons, to the following queries
immediately for public release in accordance with paragraph 9.11 of the Main
Market Listing Requirements ("LR"): 1. Whether there is any corporate
development relating to your Group?s business and affairs that has not been
previously announced that may account for the trading activity including those
in the stage of negotiation/discussion. If yes, kindly provide the details
including status of the corporate development to enable investors to make
informed investment decisions; 2. Whether there is any rumour or report
concerning the business and affairs of the Group that may account for the
trading activity and in this respect, you are required to comply with
Paragraphs 9.09 and 9.10 of Bursa Securities LR; 3. Whether you are aware
of any other possible explanation to account for the trading activity; and
4. Whether you are in compliance with the Bursa Securities LR, in particular
Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board
of Directors of the Company and the announcement must reach Bursa Securities
immediately via Bursa LINK.
SVP, Issuers
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
16/11/2017 4:24 PM
apolloang sudah tahu susp lah....y susp???
16/11/2017 4:24 PM
dompeilee "Certain parties...in negotiations to acquire a substantial stake in the company...or business cooperation"
16/11/2017 4:28 PM
cstrader Take a look at Hokheng same pattern. The risk is yours ya. High risk high return. One more round only.
16/11/2017 4:50 PM
dompeilee Very rewarding stock. Just park a little bit of $ inside, forgot about it for 2 years & already doubled lol
16/11/2017 6:22 PM
dxbman Tomollow, many will get UMA (Untung Manyak Angkut) on this counter.
16/11/2017 6:42 PM
mf https://www.thestar.com.my/business/business-news/2017/11/16/grand-hoover-gets-enquiries-for-stake-joint-ventures/
16/11/2017 6:47 PM
dompeilee Maybe another Focal Aims in the making(now Ecoworld)...30+ sen to $5++...HUAAATTT arrrr!!! :D
16/11/2017 7:09 PM
tronx UMA = U MUST ADD, I believe today will have another limit up, eyeing break RM1, just all in. You will be very huat
17/11/2017 5:35 AM
dompeilee I think very few ppl own this share...even when I was trying to buy it, it was very hard to get a good price because it was just very illiquid...
17/11/2017 8:33 AM
dompeilee Paid up only 40m shares...one of the smallest on Bursa...easy to ramp high high. But I can't remember the last time a counter went DOUBLE limit-up so I'm no counting on it, though I Q a little @ 1.22 :D
17/11/2017 8:58 AM
dompeilee SOLD some of my Hoover @ 99, 1.03, 1.04 & 1.05 :)
17/11/2017 9:04 AM
dompeilee SOLD more @ 1.08
17/11/2017 9:21 AM
tronx Limit up again later?
17/11/2017 9:59 AM
Whysosuay Someone eat 1.05 around few k lot.
Nothing to scare..

I think will up further and much more. The discussion sales price is around RM1.6 as given by insider.

I think RM1.2- RM1.3 is fair because the deal haven closed.
17/11/2017 10:31 AM
mf Sell
17/11/2017 11:41 AM
tronx Almost limit up, let see later
17/11/2017 11:42 AM
dxbman When Fahmi said sell, means strong buy
17/11/2017 2:16 PM
tronx Buy ? Falling back now. Lol
17/11/2017 3:25 PM
dompeilee Fail to limit up the 2nd time...by just ONE tick! LOL
17/11/2017 4:14 PM
tronx Almost limit up, today hit 1.21 highest. But monday I guess it will drop. Lets see
17/11/2017 4:53 PM
cstrader Careful. Already 100% gain for the week. Next week gap down likely. Would you offer 1.60 for a 40 cents counter. It's all speculative. If you made time to exit. Take your profits to Hok Heng. Same speculator Same Pattern. But 58 cents. TP 80 cents.
17/11/2017 6:42 PM
Goh Kim Hock so let's see who will become the biggest Santa Claus in this pump and dump counter..
18/11/2017 9:44 AM
pakatan_harapan2 Sales drop also must jump? All bursa counters must pakat use creative acctg.
18/11/2017 11:23 AM
cstrader Yup it's obviously pump and dump. And very near to dump. Don't fall off the cliff. There are other counters. This one seriously overbought.
18/11/2017 12:21 PM
tronx Don't collect after stock up too much, you will burnt more than gain profit, it's basic. Monitor first before any buy or sell.
19/11/2017 7:43 AM
tronx Chase high at 1.21 now loss 10 sen + brokerages, will going to loss even more if the stock keep dumping, most worst if stock limit down back to 60 sen or even 40 sen, those buy high get nothing in the end.
19/11/2017 7:45 AM
dompeilee Whoops...what happen to all the buyers this morning? lol
20/11/2017 9:05 AM
whizzkid would suggest Hokheng right this moment....b4 too late
20/11/2017 9:32 AM
Azman Hashim Sell at 0.875, rugi!!
21/11/2017 12:44 PM
spiderman49 oupsss , i bought at 0.875 before lunch :DD
22/11/2017 12:10 AM
Goldchia MH Now is 0.92
22/11/2017 9:37 AM
Azman Hashim Nasib laa
22/11/2017 10:36 AM
skoh Habis wayang
22/11/2017 5:47 PM
22/11/2017 9:28 PM
spiderman49 heheehh ,, habit wayang ? ,,, hahahaha ,,sold all now 1.00 1.01
23/11/2017 10:11 AM
tronx I sold all at 1.07
23/11/2017 10:15 AM
23/11/2017 10:22 AM
tronx Dropping again. This is what bursa call pump and dump. See u again at 80 sen
23/11/2017 10:38 AM
abrahamseed Now the time for pump ...
14/03/2018 6:07 PM
Sebastian Power where is the interested party want joint?? Almost half a year liao stll no update

The only thing interesting of this company is Dr Yu Kuan Chon. I hope he will buy upto 5%.
10/04/2018 3:59 PM
Sebastian Power 650000 units at 0.70 just sapu like that.Who else sapu if not one of the big shark??? Think seriously
12/04/2018 4:43 PM
Sebastian Power Waiting for another limit up again
16/08/2018 3:24 PM
Hohup Looks interesting tomorrow
17/08/2018 4:21 AM
Jasper Coo Lets make it happen, keep on buying ! Slowly but surely yeah
17/08/2018 11:07 AM
Lim Tek Wai Never regret for buying this stock, profit is real
17/08/2018 11:39 AM
Sebastian Power this garbage company only left hand to right hand trading. Boring
19/09/2018 11:45 AM
pearlwhite This is a classic example of a company that should not be listed in the first place.

It is very apparent that this company has loads obsolete stock that should be written off and assets that should be impaired.

Revenue seems to be growing, but GP margins are below 5%. Seems like every RM1 sale has no profits at all!
01/03/2019 7:48 PM
pearlwhite This company's financials should be audited every quarter from now on.

Every quarter, net cash from operations is -RM2 million (despite the increase in revenue every quarter) and total debts outstanding is RM11.5 million.

When you look at the balance sheet, assets are deliberately revalued for the purposes of obtaining financing. Why?

This company is no longer a going concern from its principle activities and using the bank facilities to survive (against its long term assets). The provision of financial assistance from the holding co. (which really is just a holding co. with zero revenues of its own) really doesn't mean anything.

When all Current Assets - Total Liabilities = it equals just the value of the shareholders funds back by its Properties value, it begs the question: -

1) The actual market value of its properties
2) The actual market value of is stocks
3) Whether it is a going concern
4) Whether it should still be listed

Beware as the main shareholders may be exploiting its financing deals to draw a salary without interest of sustaining the company.
19/06/2019 12:04 PM


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