***Analysts with insider info confirms that redtone will make record high profits***
Kenanga research report: Key events/catalysts to watch in the 2H. We believe the 2H will be an interesting period for local telco players. For Redtone, the events to watch out for the company during the next few months are: 1) its 4QFY13 result, which the group is set to make record-high profits and 2) the bidding outcome of the DTTB contract.
It's appear like someone is trying to suppress the price. Everytime it tries to move up somehow or rather it would push down again. Someone is collecting??
OTHERS REDtone International Berhad("RIB" or "the Company") - Incorporation of REDtone MEX Sdn Bhd
REDTONE INTERNATIONAL BERHAD
Type Announcement Subject OTHERS Description REDtone International Berhad("RIB" or "the Company") - Incorporation of REDtone MEX Sdn Bhd
Pursuant to Rule 9.19(23) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of RIB wishes to announce that the Company had on 3 July 2013 incorporated a 70%-owned subsidiary in Malaysia, namely REDtone MEX Sdn Bhd ("RMSB") (Company No. 1052697-U).
The authorised share capital of RMSB is RM400,000 divided into 400,000 ordinary shares of RM1.00 each with its issued and fully paid-up share capital of RM10.00 divided into 10 ordinary shares of RM1.00 each. RMSB is currently dormant and the intended principal activity is to provide tele-health services. The remaining 30% of the equity interest in RMSB is owned by People Health Sdn Bhd.
The incorporation of RMSB is not expected to have any material effects on the issued and paid-up share capital, consolidated earnings and net assets per share, gearing and major shareholders' shareholdings of RIB for the financial year ending 31 May 2014.
None of the Directors and/or major shareholders of RIB and/or persons connected with them has any interest, direct or indirect, in RMSB.
I think we should show some respect for our brother gimmy2u who worked very hard in getting out the news to all of us. It's very beneficial to all of us investors of telcos and also to REDTone....his article will determine whether you should be investing in REDTone as a telco company. Take this as compliment :)
Details of corporate proposal Conversion of Irredeemable Convertible Unsecured Loan Stocks 2010/2020 No. of shares issued under this corporate proposal 522,400 Issue price per share ($$) MYR 0.250 Par Value ($$) MYR 0.100
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....
Alex Leow Sze Shen
5,009 posts
Posted by Alex Leow Sze Shen > 2013-07-04 15:12 | Report Abuse
Time to jalan!