Gabriel the two can only happen once they get the master plan for. Lembah Beringgin in place or ready and announced. This will ensure the share price meet the valuation. Don't forget the market cap must come first followed by the Lembah Beringgin and Bonus.
when the big fund bought a share they are not expecting merely 10% gain, they will continue to push the price higher. so lets all just sit back and enjoy the upside
L&G’s share price jumped 10 sen (17.4%) yesterday to RM0.67 after a spike in trading volume. Chart-wise, the stock has formed a “Marubozu” like candlestick, while all three SMAs are on the uptrend. Key indicators are also supporting the bullish momentum with RSI and Stochastics hooking upwards, and the MACD crossing over the Signal line. Share price has broken out of its long-term resistance level at RM0.64. Should buying interest persist, we expect the share price to rally towards RM0.75 (R1) and possibly RM0.82 (R2) further.
Currently 2.3:1 If 2:1 can clear at this point to 52 cents for son but tight. But if mother continue to lead and distance, son will move when ratio is bigger
Can anyone explain to me this announcement made by L&G?
3174 L&G LAND & GENERAL BHD Additional Listing Announcement
1. Details of Corporate Proposal Whether the corporate proposal involves the issuance of new type and new class of securities? No Types of corporate proposal : Others Details of Corporate Proposal : Conversion of 1% Irredeemable Convertible Unsecured Loan Stocks 2013/2018 of RM0.13 Nominal Value Each No. of shares issued under this corporate proposal: 4,930,600 Issue price per share ($$) : MYR 0.260 Par Value ($$) : MYR 0.200 Latest issued and paid up share capital after the above corporate proposal in the following Units : 708,564,116 Currency : MYR 141,712,823.200 Listing Date : 01/08/2014
Look at the buyer volume at 66cents......these are the buyers who will support the price. The buyer here has become the support and the seller at 68cents will become the resistance.
The more volume fall on 66cents queue the better because the next few days the more of those who bought at 66censt will want to sell at higher price. Now look at the number of buyer at 66 cents avg at 200k per buyer. Each 100k you make rm1k per 1cents. 5cents make 5k. So holding 200k 5cents make 10k. You have a good support at 66cents so hope more buy in now for the another blast next week.
Tomorrow being Friday, will be penultimate as the volume must go up for the next support price. Assuming tomorrow it goes 67/68, it will be very good news....
So now your job is to count 10 working days from today to see the volume of conversion. Timing looks good because the 10 days will land in mid August and nearing financial....you get what I mean.
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HJey
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Posted by HJey > 2014-07-30 22:05 | Report Abuse
It's very tempting for me to take profit