GFM....profit every Qt. Dividend paying entity. Impending bonus(free warrant) Bought a high growth company(High Base) Yet....not showing its full potential
Bonus issue of up to 379,731,068 free warrants in GFM ("Warrant(s)") on the basis of 1 Warrant for every 2 existing ordinary shares in GFM held by the entitled shareholders of the Company on 5 July 2024
Further to Ref No. ILC-21062024-00006, kindly be advised of the following :
1) The above Company’s securities will be traded and quoted “[EX-BONUS ISSUE]” as from: 04 Jul 2024 (remain unchanged) 2) The last date of lodgment : 05 Jul 2024 (remain unchanged)
GFM Services Berhad (GFM) has shown strong potential in the Kuala Lumpur Stock Exchange (KLSE), particularly with recent developments such as their successful bonus issue and entry into the oil and gas sector. Over the past few months, GFM's share price has been fairly active, though it faced some resistance at around 40 sen. Analysts suggest that if it can surpass this resistance, the price could potentially reach 55-60 sen in the near term. However, the current underlying stock price is around 29 sen, and the market is somewhat volatile( Bursa Malaysia (KLSE) Market Summary Bursa Malaysia (KLSE) Market Summary ).
The issuance of free warrants and GFM's venture into high-growth sectors like oil and gas could positively impact the stock price, but the short-term performance will depend on how well these ventures are received by the market. Overall, GFM appears to have a solid foundation, but market conditions will play a critical role in its performance over the next month.
GFM price sliding and sliding and sliding after the issued of the Warrant!!! What's happening? Qt result announcement soon. Maybe something good in store? To boost up the share price! I m sure GFM band of loyal supporters are getting edgy!!!!
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Winstar Capital Berhad, a specialist in the extrusion of aluminium profiles and fabrication of aluminium ladders aims to list on the ACE Market!
MQ Trader 204 views | 1 d ago
0:17
New IPO: Topvision Eye Specialist Berhad, specializing in medical eye care services aims to list on the ACE Market!
MQ Trader 132 views | 3 d ago
0:17
New IPO: TMK Chemical Bhd, a provider of total chemical management of inorganic chemicals aims to list on the Main Market!
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....
Michael Kwok
6,456 posts
Posted by Michael Kwok > 2024-05-08 21:08 | Report Abuse
Gfm 37 cents
If it manage pass resistance 40 cents,then tp 55-60 cents.
8/5/24 9.10pm