gard,a possibility of being taken over by The Star? ...Star had been eying Amedia for quite sometime already. Don't sell but hold as there's more to come. TP 70 cents.
It will go higher at least for tomorrow...Guys..AMEDIA is a good small counter. It doesn't worth $1.00 but definately worth 0.305 to 0.405 depending on he situation.
Crown is right if you buy on contra..get the profit and run...hahaha..at least it is a profit..Let see 100,000 unit x 0.05 = 5000..ok lah for a day work..
@Taugeh got this one right too, discussing it at the Astro post just last Thursday. That's three out of four, and they have been significant: UEM Land, DRB-Hicom. The laggard is GPRO which he mentioned yesterday.
today trasacted volume is 13% out of total share capital. If you analyze the transaction, you will see at least 10% is buy up (exclude the sell down). I suspect someone is buying at least 10% of shares in a day because the buying started and end in less than 30mins. In this kind of volume, we only see during heavy selling at the peak when everyone is running. Possiblely a VERY GOOD news is coming, insider's friends already know this. At least the price will stay at or > 0.35 within 1-2 weeks.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): COMBINATION OF NEW ISSUE OF SECURITIES ASIA MEDIA GROUP BERHAD (“AMEDIA” OR THE “COMPANY”) (I) PROPOSED BONUS ISSUE OF SHARES; (II) PROPOSED FREE WARRANTS ISSUE; (III) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL; AND (IV) PROPOSED AMENDMENT. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
ASIA MEDIA GROUP BERHAD
Admission Sponsor PM Securities Sdn Bhd Sponsor TA Securities Holdings Bhd Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES Description ASIA MEDIA GROUP BERHAD (“AMEDIA” OR THE “COMPANY”)
(I) PROPOSED BONUS ISSUE OF SHARES; (II) PROPOSED FREE WARRANTS ISSUE; (III) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL; AND (IV) PROPOSED AMENDMENT.
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
We refer to the announcements made on 5 October 2012 and 17 Oct 2012 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 30 October 2012 (which was received on 31 October 2012), approved the following:
(i) Listing and quotation for 250,800,000 Bonus Shares to be issued pursuant to the Proposed Bonus Issue of Shares;
(ii) Admission to the official list of ACE Market of Bursa Securities and the listing of and quotation for 250,800,000 Warrants to be issued pursuant to the Proposed Free Warrants Issue; and
(iii) Listing of and quotation for up to 250,800,000 new AMEDIA Shares arising from the exercise of the Warrants.
The approval granted by Bursa Securities for the Proposed Bonus Issue of Shares and Proposed Free Warrants Issue are subject to the following conditions:-
(i) AMEDIA and TA Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements (“LR”) pertaining to the implementation of the Proposed Bonus Issue and Proposed Free Warrants Issue;
(ii) AMEDIA and TA Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue and Proposed Free Warrants Issue;
(iii) AMEDIA to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue and Proposed Free Warrants are completed;
(iv) AMEDIA and TA Securities are required to make the relevant announcements pursuant to Rule 6.36(2)(a)&(b) and 6.36(4) of the LR; and
(v) AMEDIA to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at end of each quarter together with a detailed computation of listing fees payable.
On behalf of the Board of Directors of AMEDIA (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:- (i) Proposed bonus issue of 250,800,000 new ordinary shares of RM0.10 each in AMEDIA (“AMEDIA Shares” or “Shares”) (“Bonus Shares”) on the basis of one (1) Bonus Share for every one (1) existing AMEDIA Share held at an entitlement date to be determined later (“Entitlement Date”) (“Proposed Bonus Issue of Shares”); (ii) Proposed issue of 250,800,000 free warrants (“Warrants”) on the basis of one (1) Warrant for every one (1) existing AMEDIA Share held at the same Entitlement Date as the Proposed Bonus Issue of Shares (“Proposed Free Warrants Issue”); (iii) Proposed increase in the authorised share capital of AMEDIA from RM50,000,000 comprising 500,000,000 AMEDIA Shares to RM100,000,000 comprising 1,000,000,000 AMEDIA Shares (“Proposed Increase in the Authorised Share Capital”); and (iv) Proposed amendment to the Company’s Memorandum of Association as a consequence of the Proposed Increased in the Authorised Share Capital (“Proposed Amendment”).
Trading before bonus issue and free warrant may be viable. But to profit from bonus shares and warrant is doubtful because of the dilution and price will be adjusted accordingly. Back to square one. But not sure what will the effect on the migration to main board. Any one can clarify this? Thanks.
Is it the AMEDIA and CYBERT got relation as I read the previous comments? Now CYBERT=RM0.235 -0.015 below PIVOT level(R1=0.270,PIVOT=0.245,S1=0.225). People sell after news as yesterday got announcement of "Financial year end net profit 1.951 million (increased 1400.77%)".
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....
jtpc2006
984 posts
Posted by jtpc2006 > 2012-10-30 16:35 | Report Abuse
prx going up and up !!