MM: buat masa ni belum keluar lagi right issue tu...nanti apabila keluar..pemegang saham akan dimaklumkan melalui surat kelayakkan kpd pemegang saham yg layak untuk dilanggan.
Don't worry. Trust me, you just need to wait for the rights issues to be completed. Then good news will come soon after that. No one will issue rights issues without any plans already in placed. There must already be an acquisition target in which they are interested. It's just pending the completion of rights issues.
KUALA LUMPUR: EA Holdings Bhd (EAH), an ICT business solutions provider with RM103.6 million worth of jobs to date, expects to secure more contracts from its additional bids worth RM115.9 million.
A source told The Edge Financial Daily that the company is confident of securing bids from several government-linked companies and small and medium enterprises.
The company reported a higher net profit of RM9.31 million for the financial year 2013 ended Dec 31 (FY13), up from RM5.87 million in FY12.
Chief executive officer Mohammad Sobri Saad, who is also the company’s largest shareholder with an 18.8% stake, said he is cautiously optimistic for FY14.
“Given the strong foundation of the previous year, EAH is now starting to move to the next level of its corporate history in its efforts to continue maximising value for shareholders,” he said after the company’s extraordinary general meeting (EGM) yesterday.
To date, EAH has recorded an earnings compound annual growth rate of 32%.
Even though the company is committed to growing organically, it will also not rule out any potential mergers and acquisitions should the opportunity arise, said Sobri.
“All we can say is we will not say no to any potential takeovers. We are currently looking [for opportunities], but it is not easy to find a company which complies with the necessary requirements in order to facilitate a takeover,” he added.
Shareholders approved all three resolutions tabled at the EGM, including the proposed renounceable rights issue of up to 635.9 million new shares of 10 sen each, and a proposed increase in authorised share capital from RM100 million to RM250 million.
The stock closed unchanged at 19 sen yesterday, with a market capitalisation of RM78.7 million.
This article first appeared in The Edge Financial Daily, on Aprill 30, 2014.
Well tksw, company gearing is low, order book is growing and its run hands on by the CEO/founder who holds almost 19% equity. Most clients are Government agencies and Government Linked Companies. Another Prestariang in the making.
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....
kuengkucheng
88 posts
Posted by kuengkucheng > 2014-04-28 22:35 | Report Abuse
nx level to 0.165...