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Overview
Financial Highlight
HeadlinesNo recent Headlines for this stock. 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.
 Be the first to like this.   mf 7010 HOOVER, GRAND HOOVER BHD \ \ \ HOOVER -Unusual Market Activity ("UMA") query 16 Nov 2017, 14:59 HOOVER -Unusual Market Activity ("UMA") query HOOVER -Unusual Market Activity ("UMA") query ILC-16112017-00007 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 announcements,http://www.bursamalaysia.com/market/listed-companies/company-annou 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 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 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 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 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 tronx Dropping again. This is what bursa call pump and dump. See u again at 80 sen 23/11/2017 10:38 AM 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 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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