Yes, I fully agreed with joannelim...................how to go up when more n more mother shares get into the market upon conversion of warrants!!! Trade as own risk
vinvin yes agree with u and i sold most my shares and to sell all by tomorrow and move to others....but worth to monitor closely expected move when all warent conversion done.
GRAND-FLO BERHAD (FORMERLY KNOWN AS GRAND-FLO SOLUTION BERHAD) ("GRAND-FLO" OR "THE COMPANY") CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I)\tPROPOSED ACQUISITION BY GRAND-FLO OF AN AGGREGATE OF 125,001 ORDINARY SHARES OF RM1.00 EACH IN INNOCERIA SDN BHD ("ISB"), REPRESENTING 50.0004% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF ISB, FOR A TOTAL CONSIDERATION OF RM15.0 MILLION TO BE SATISFIED BY A COMBINATION OF CASH AND ISSUANCE AND ALLOTMENT OF NEW ORDINARY SHARES OF RM0.10 EACH IN GRAND-FLO; AND(II)\tPROPOSED DIVERSIFICATION OF THE EXISTING CORE BUSINESSES OF GRAND-FLO AND ITS SUBSIDIARIES TO INCLUDE PROPERTY DEVELOPMENT.
Grand-Flo (GFLO MK) Technical BUY with +15.2% potential return Last price : RM0.330 Target Price : RM0.350, RM0.380 Support : RM0.310 Stop-loss: RM0.305 BUY with a target price of RM0.380 with stoploss below RM0.305. Despite a failure to surge past the immediate resistance of RM0.350, GFLO’s share price has continued climbing along the rising trendline and formed a bullish continuation pattern of “ascending triangle”. Last Friday’s close above the “cloud” on the back of a higher trading volume of 2.4m shares (vs 20-day average of 0.6m) signifies an upward continuation as the GFLO is likely to breach RM0.350 in the near term. Additionally, positive readings in both MACD and Stochastic indicate a strong momentum, which is likely to lift the share price higher. Moving forward, we peg our medium-term target at the 1.38x Fibonacci extension level of RM0.380. Expected Timeframe: 2 weeks to 2 months
Hold and waiting price over RM0.375 next year or complete project 2017!! now bull market need hold and waiting is no good confidence with counter. 'run'
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....
vinvin
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Posted by vinvin > 2014-07-21 16:35 | Report Abuse
Yes, I fully agreed with joannelim...................how to go up when more n more mother shares get into the market upon conversion of warrants!!! Trade as own risk