PKNS Andaman Sdn Bhd the biggest subsidiary of the Andaman gourp will embark on a reverse takeover of Ecofirst in a share plus cash deal claimed sources. The indicative offer price is in the range of 45 sen and will be completed soon as time is of the essence in this deal. It is also a related party transaction as both groups are related and share a common director , Dr Teoh Seng Foo. Sources say that Dr Teoh wants to consolidate all his projects to strengthen their position in view of the increasingly challenging property market. The article below confirmed that an exercise is the making.
price movements seem to indicate there's some interest BUT no announcements and such volume does not seem to be a RTO. IF RTO, should be top ten volume right now. Please dont holland. Thank you.
this dato is good. man man lai... man man lai gam yong... But i still think definitely have corporate exercise in the coming weeks/ months. hold onto it until 0.60
I'm interested in this counter but is worried bursa may slap them with UMA. Does anyone here knows if bursa will query taking into consideration of the price movement and volume of this counter? Comments are much appreciated
don't worry, UMA will only be issued to counters which have excessively high volume of the day, for example the top three most active stocks of the day. And this counter until this stage has not been really "goreng" yet. On Feb 26 & 27 the directors just acquired a lot of shares. So goreng mission is just starting predictably tomorrow.
I personally don't think they will goreng this counter. The directors are confident in their own company and probably believe the land acquisition will prove fruitful in the years to come. I purchase for long term, not short term gain. Furthermore if the merger rumors are true, you won't be looking at 0.40-0.60... Anyways, for short term players, it's a safe price to enter as the momentum is picking up. For long term investors like myself, it would be interesting to see how Dato polish up this company.
normally u can get fast gain like almost 8 - 15% a day by choosing counters with fantastic quarter results released just the previous day. But becareful not to be trapped in a stock which has already been goreng very high on that results release day. Find a "virgin" stock. lol
Hi thanks for pointing that out to me. Such is the swaying power of impeccable earnings. Damn I'll start chasing the quarterly like I'll be chasing skirts from now : )
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....
arbao
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Posted by arbao > 2014-10-10 23:10 | Report Abuse
Hope 2nd rebound occur n break year high in oct