Sold back all OSK at 1.66, lock all paper profit, free up capital. Need free up capital to raise cash for UMWOG right 30sen subscription next + free warrant. Hope still have time to buyback before bonus share declare.
very obvious what they r doing.....collecting before push....this crap is so undervalued.... ultimately when u see the large cap property counters...everything seems exp...except this...eventually funds will just shift their allocations and start whacking it all the way up....due to its low free float...
The Disposal and Yarra Park Subscription are expected to increase the net earnings of OSKH Group by approximately AUD38.2 million (or RM129.0 million) and a foreign exchange gain on the total investment in Yarra Park of RM49.2 million which was previously recorded as foreign exchange reserve; or a total increase of 12.86 sen per share for the financial year ending 31 December 2017.
The above deal already completed in 8 Aug 2017, therefore the net gain of disposal of its 49% stake to EPF will realize in coming Q result to be release end of next month.
i. Reward the existing shareholders of the Company for their continuous support;
ii. Increase the number of Shares held by the Company's existing shareholders without increasing the percentage equity interest; and
iii. The adjusted market price of OSK Shares pursuant to the Proposed Bonus Issue is expected to result in the OSK Shares being more affordable in order to appeal to a wider group of public shareholders and investors. This in turn could possibly able to encourage trading liquidity of Shares on Bursa Securities and greater participation by investors as well as potentially broadening the shareholder base of the Company
• Convening of EGM to obtain the approval of the shareholders of OSK for the Proposed Bonus Issue ( 14 Nov)
• Announcement on the Entitlement Date ( end of Nov 2017 could be coincidence with higher Q3 result due to inclusion of massive net gain from 49% sell stake in Australia project to EPF)
• Listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities ( mid of Dec 2017)
Following the bonus issue, warrant holders will get bonus warrant too. I suppose the warrant exercise price will also be adjusted down by the same proportion. Can anyone confirm ?
If that is so, it is better to put your bet on OSK-W.
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....
cocqueen
692 posts
Posted by cocqueen > 2017-09-05 09:40 | Report Abuse
uncle ong coming with bulldozer again....