Types of corporate proposal : Private PlacementDetails of corporate proposal : PRIVATE PLACEMENT OF UP TO 138,454,380 NEWORDINARY SHARES IN EDUSPEC REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUEDSHARES IN EDUSPECNo. of shares issued under this corporate proposal : 100,000,000Issue price per share ($$) : 0.0200
TRADING of shares in Eduspec Holdings Bhd (fundamental: 0.15/3, valuation: 0.9/3) triggered our momentum algorithm yester- day for the first time this year. The stock closed one sen or 33.33% higher at four sen, after 92.41 million shares were traded, versus its 200-day average volume of 4.03 million shares. The group’s market capitalisation stood at RM44.07 million. Eduspec is principally engaged in providing IT literacy materials for primary and second- ary schools which is mainly done through its subsidiary Dynabook Computer Centre. On Jan 31, it proposed to undertake a cap- ital reduction to cancel RM107.31 million of its paid-up share capital to offset accumulat- ed losses. With this, it hopes to transform its financial position from an unaudited accu- mulated loss of RM54.44 million as at Sept 30, 2018, to RM62.83 million in retained earnings. As of yesterday, Eduspec shares were trading at 0.56 times its net book value.
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....
Notconfused
1,523 posts
Posted by Notconfused > 2019-04-18 14:17 | Report Abuse
don't be disgusting la you guys, why start cursing each other, is it worth it?