Jefflim1234 & yuanlong57 & The_Reds, thanks for giving me advice before this on this counter^^ Bravo and don't let the music stop~Hope it is not just a nine day wonder....Well,it's time to feast!!!
To all my bro Alcomates: I would say this. "SMART SMART HOLD" Comment is not a recommendation to buy or sell. Use infos as u see fit. Gud luck n happy investing.
[Yip2880 Wa, all of a sudden becomes very volatile swinging up and down] Quite expected in order to flush out weak holders SO THAT IT WILL GO HIGHER N HIGHER!!
[Yip2880 Haha! Jefflim1234, didn't expect it coz thought that they have flushed enough the last few weeks.] There will always b traders. Even 2day. There r INTRA DAY TRADERS!!! Traders will always b there whether the shares is up or down. BUT the people who WILL EVENTUALLY GAIN THE MOST R INVESTORS!!! Thats why NEGLECT ALL THE NOISES OUT THERE!!!!
Type Announcement Subject OTHERS Description ALUMINIUM COMPANY OF MALAYSIA BERHAD ("ALCOM" OR THE "COMPANY")
CAPITAL REDUCTION AND REPAYMENT OF UP TO APPROXIMATELY RM43.0 MILLION ("CAPITAL REPAYMENT") Unless otherwise stated, all definitions used in this announcement shall carry the same meaning as defined in the announcement dated 12 April 2017 in relation to the Capital Repayment.
We refer to the announcements dated 12 April 2017, 30 May 2017, 22 June 2017, 28 June 2017 and 19 July 2017 in relation to the Capital Repayment.
On behalf of the Board, AmInvestment Bank wishes to announce that the High Court of Malaya at Kuala Lumpur has on 9 August 2017 granted a court order confirming the Capital Repayment pursuant to Section 116 of the Act (“Order”). The effective date of the Capital Repayment will be the date on which the sealed copy of the Order is lodged with the Registrar of Companies.
The entitlement date in respect of the Capital Repayment will be announced in due course.
[kennyku Jefflim- so which mean is like giving dividend.... each share 32sen isit] Yes kennyku. It is like div. Only difference is called cap repayment to reduce the orig payup cap. BUT you still have to wait for ex date b4 entitlement. If u sell b4 ex date u don't get 32 sen.
LPTan68: Already approved by shareholders and by court. Within 14 days Alcom has to inform SC and to set a date for entitlement and for payment of 32 sen. Once set it's all SETTLED already. NO MORE WORRIES ANYMORE! Then we can all go to ALCOM PREMIER GOLDEN PALACE. Ha ha ha.
Jefflim- no:( sad... i tot it will like alcom..... but i only hold 2k unit.... if this stock really wont goreng up... i might wait for ex date take dividend then siam.... but i just scare after ex more worst... what is ur opinion? I dun mind u gv me opinion.... recommendation is not buy or sell... use info only i see fit....
kennyku: There is a BIG BIG DIFFERENCE between Alcom cap repayment and Rev div of 44 sen. Rev is SELLING THEIR COMPANY N then return 44 sen to u. Once sold the company is a SHELL company ( empty...... nothing!!!!). Means u r paying abt 5+ sen for an EMPTY company. They say they may keep the listing status. I DUN KNOW. If ITS ME I would CUT LOSS ASAP. That's my 2 sen worth. Hope that helps. Comment is not a recommendation to buy or sell. Use infos as u see fit.
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Posted by zoomsbooms > 2017-08-09 12:12 | Report Abuse
it's kind of heart pounding to hear the news..huahuahua