this Co is doing construction and development all the while but not much profit, sometimes loss and sometimes profit... merger will turn it become profitable
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?
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Posted by soon9913 > 2023-10-27 22:37 | Report Abuse
ekovest will be the holding company which holding huge land bank in Johor... especially land next to RTS...