Gimmy2u ... Redtone so many awards ... For 16 years but not paid one single dividend! No point being awards if share don't go up and company don't give dividend! Right?
the region is better prepared this time. still, the key message in Bernenke statement is that; U.S economy is coming back strong and stronger; this message is greatly "neglected" at the moment.
still in short term, v can expect some level of yoyo'ing :)
today our klse drop to -13point...it look like last week thursday drop -30 point for closing wen 1st half klse drop -17-24 point... i guess today klse point will go -24.00 (drop) if contra player t3 just sell now 0.695 or 0.69... later collect back before closing.0.67.. bcos nikkei drop -230 point -1.72% japan market drop alot...india market drop -400 point once uk or us market open it will drop again...
LONDON | Thu Jun 20, 2013 8:05am BST (Reuters) - UK stocks were dealt with a double-blow early on Thursday after the U.S. Federal Reserve signalled its intention to begin scaling back stimulus later this year, while data showed China growth continued to wane.
Banks and miners were the sharpest fallers as London's blue chip index declined 98.59 points, or 1.6 percent, to 6,250.23, by 0701 GMT.
The index was testing support levels at around 6,225 - lows hit in February, April and early June.
FINANCIAL COMMENTARIES AND GUIDESADVERTISEMENT POWERED BY China's branded breed, brought to you by HSBC Find out more China's five year plan, brought to you by HSBC Find out more The prospect of life after quantitative easing weighed heavily on markets following Fed Chairman Ben Bernanke's statement that the U.S. economy was growing fast enough for the central bank to begin slowing the pace of its $85 billion monthly purchases of Treasuries and mortgage-backed securities this year, with the goal of ending it in mid-2014.
Central banks stimulus measure had contributed to UK equities inflating over the past year to near record highs, but the threat of withdrawal has seen the index dive near 9 percent since mid-May.
Adding to concerns over how global growth and corporate earnings will perform in a post stimulus environment was data showing China's factory activity weakened to a nine-month low in June as demand faltered.
(Reporting by David Brett; Editing by Atul Prakash)
redtone they have branch at china pls take note... If China market drop alot have change in redtone.. If long term investor can keep is ok but if price go below...
PETALING JAYA: REDtone International Bhd has proposed to sell its 100% stake, comprising 58 million shares, in REDtone Telecommunications (China) Ltd to Hotgate Technology Inc for US$22mil (RM70.6mil).
The company said in a filing with Bursa Malaysia that under the exercise, Hotgate would issue 244.4 million new Hotgate shares to REDtone to pay for the acquisition.
This will raise REDtone’s stake in Hotgate to 91% from 12.25%.
REDtone said it planned to retain a portion of the Hotgate stocks as long-term investment while the remainder would be placed out to selected investors.
“The quantum of Hotgate stocks to be placed out will be determined later, subject to the holding period and resale conditions.
“The funds raised from the proposed placement may be used to finance business growth and working capital. In any event, we intend to maintain Hotgate as our subsidiary,” it added.
REDtone shares were suspended for the morning trading session yesterday following the announcement of the proposed disposal, which is expected to result in a gain of RM41.44mil at the company level.
The company clarified that there would not be any gain or loss to the enlarged REDtone group arising from the proposed disposal.
Upon completion of the disposal, REDtone would still be able to consolidate the contribution from REDtone China indirectly via its shareholding in Hotgate.
Hotgate is listed on the Over the Counter Bulletin Board in the United States.
With its listed status, any future capital required by REDtone China may be raised through Hotgate either via a placement exercise and/or rights issue, the company said.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Abudance
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Posted by Abudance > 2013-06-20 01:08 | Report Abuse
Gimmy2u ... Redtone so many awards ... For 16 years but not paid one single dividend! No point being awards if share don't go up and company don't give dividend! Right?