construction arm aka Knusford will be benefiting from the corporate exercise, huge order book under Ekovest Construction ... and profitable company.. pls refer the quarterly financial report of Ekovest
first action share split to 3.6units, next turn to be profitable, then get more jobs in JB benefits from huge landbanks in Johor near RTS developments........... and MRT 3 and other big projects from government
" Upon taking into consideration the potential corporate exercises that may be undertaken by the Company which may includes a bonus issue and/or share split (of which the details will be announced by the Company in due course), the Issue Price will be equals or at a premium to the Knusford’s adjusted consolidated net assets per share as at 31 March 2023. "
This f@rker is really testing my patience & resolve but I bought more @ 82.5-83.5c....makes no sense that IWCity is trading above 80c but this is still below $1!
This stock is extremely challenging. It's a good thing that the margin shares I bought on 2/1 for 83c were SOLD on 3/1 for 86-90.5c on an impulse to chalk up the first (contra) gain on this bugg@r since 2015! At least pay me back some 'interest' for getting STUCK for so long...the last dividend being paid way back in '14 & '15.
dompeilee, cheers. not too sure what will happen tomorrow, friday flyday? or profit taking push down those property stocks (already gone up gila for the past 2 days, +30pts + 20pts, almost 50pts in 2 days?) fundamental no change, except waiting for PMX+SG LHL + 15JAN HSR RFI + end of Jan new agong? errr....
This is a very small counter. As at 30/6/23, the Top 30 collectively holds 89.15%. I am not sure who will be selling given the impending exercise. To begin with...the people who owned Knusford back then, do not appear to me as active traders. Who could have seen value before the exercise?
Even at last closing of 92c the entire company is only valued at less than 92M. This means at 92c the outstanding 10% shares is worth less than 10M and among us we would have taken up a few million at least.
Profits aside I am now very curious what's going to happen next. Will sellers continue to sell ahead of share split? When will sellers be exhausted? There's really not much left
Johor sultan, agong to be has a deemed interest of 30%. Very exciting prospects now that proposed merger with construction arm of Ekovest is already moving towards fulfilment & the chart shows weak holders getting flushed out & more & more of the 10 mil free float tickets falling into strong hands! A fair bit of small lot dumping BUT more lots keep coming out to Q to BUY...🤗
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....
Ayong21
105 posts
Posted by Ayong21 > 2023-10-29 23:44 | Report Abuse
ok, since so confident tmr can sell car sell house open margin ALL In to buy. Go Go Go. Give you full support.