Posted by Hopeful > 2019-10-21 13:10 | Report Abuse

According to Circular to Shareholders on 18 Sep :

" As at the LPD:
(i) the total number of issued shares in GCB is 480,158,452 GCB Shares;
(ii) there were 2,353,700 Treasury Shares held by the Company; and
(iii) the Company intends to undertake a private placement of up to 47,780,475 Placement
Shares. "

Btwn 12.10pm to 12.20pm, about 2.5 million shares done very quickly from RM4.97 to RM4.99.

My 2 sen guess is that the Company "crossed" all the Treasury Shares to some parties.
Let see if there is any announcement after 5pm later....

If my prediction is true, then say goodbye to RM5.00 ?

Posted by Kei2 > 2019-10-21 13:17 | Report Abuse

Hopeful might be right.
But if someone buying treasury shares means there is willing buyer at that price.
Depend on how we look at it.
Good luck all !!!

Posted by chengcheekaan > 2019-10-21 13:49 | Report Abuse

If not mistaken private placement price was fixed at RM3.85, listed on Bursa on 4 Oct 2019, as per their announcement dated 4 Oct 2019. Not sure what are you trying to say...

Posted by Agjl > 2019-10-21 14:11 | Report Abuse

There are many ways to look at it

Posted by Agjl > 2019-10-21 14:11 | Report Abuse

One could be those subscribe to private placement are dumping now for profit. From 3.85 to 5 is a handsome profit

Posted by Agjl > 2019-10-21 14:13 | Report Abuse

And if the treasury shares crossed theory hold true, the party who took it up must have been briefed there will be further upside. Becos for taker of 2.5m shares is not ordinary person

Posted by Agjl > 2019-10-21 14:13 | Report Abuse

And also the crossed deal allowed the xompany to realised its investment that it has been accumulating since 6 mths ago from 3.30-4

Posted by Agjl > 2019-10-21 14:14 | Report Abuse

All in all, the 5 may be touched and then just stay below for a while and then go again after ex

Posted by Agjl > 2019-10-21 14:15 | Report Abuse

Or it may just continue to shoot past 5 slowly each fay towrads ex and then drop back

Posted by Agjl > 2019-10-21 14:15 | Report Abuse

At the end of days, whatever theories, its all about earnings! Earnings! And more earning!

Posted by Agjl > 2019-10-21 14:16 | Report Abuse

If the upcoming results shows full year over 59 sen eps, and with the syariah compliants if approved, then the sky is the limit

Posted by Agjl > 2019-10-21 14:17 | Report Abuse

Watever it is, all the best to all of us. And trade with wisdom

Posted by Kei2 > 2019-10-21 14:18 | Report Abuse

Yea man!!!
I hope treasury share sold rather investor leaving.
Just my personal opinion.

Posted by enning22 > 2019-10-21 14:36 | Report Abuse

you know what is profit-taking kah? some people prefer take profit first, if come down canbuy back again , provided it can come down ,if not , ..no choice

Posted by Agjl > 2019-10-21 15:36 | Report Abuse

Looks like pump and dump today

Posted by Stevarac > 2019-10-21 15:48 | Report Abuse

Wow, suddenly shoot down . Any news ?

Posted by Agjl > 2019-10-21 15:50 | Report Abuse

Its natural those took the private placement at 3.85 dispose for a handsome profit at this levek

Posted by Agjl > 2019-10-21 15:50 | Report Abuse

The important part is....will the selling be well absorbed or not? If yes, then shld be ok it will revover

Posted by Agjl > 2019-10-21 15:51 | Report Abuse

Buying support mist be there first

Posted by Stevarac > 2019-10-21 17:52 | Report Abuse

I thought those that bought the private placement is in for the longer term .

Posted by Hopeful > 2019-10-21 18:58 | Report Abuse

Date of transaction 21 Oct 2019
Currency Malaysian Ringgit (MYR)
Type of changes Resale
Total number of treasury shares changed (units) 2,256,100
Minimum price paid for each share sold ($$) 4.980
Maximum price paid for each share sold ($$) 4.990
Total consideration received ($$) 11235716.42
Total number of treasury shares held after the resale or transfer 97,600
Adjusted issued capital after cancellation (no. of shares) (units) 504,068,852

What a lucky guess..... :)

Posted by Kei2 > 2019-10-21 19:19 | Report Abuse

Nice one!!! Good guess.
Let’s guess up or down tomorrow.

Posted by cheoky > 2019-10-21 19:24 | Report Abuse

Geng. Can guess so rightly

Posted by longranger > 2019-10-21 19:29 | Report Abuse

so what is the next? the treasury share taker is getting insider information right? to buy at 4.98 in not cheap either unless he knew the price will be much higher later

Posted by Agjl > 2019-10-21 19:34 | Report Abuse

Hopeful....if your guess is right and i hope u r right, then the cancelation of treasury shares will boost earning. So coming quarter earnings will be boosted further by lesser shares in computation. Smart!

Posted by Agjl > 2019-10-21 19:38 | Report Abuse

Treasury shares anouncement is already out on bursa web page

Posted by Hopeful > 2019-10-21 19:38 | Report Abuse

Possible but unlikely for those who got the placement shares to start selling now despite sitting on gains of RM1 per share.
Most likely they will go through the corporate execise and collect the Bonus Issues of shares and warrants.

Not sure why they kept 97,600 Treasury Shares today. I expect they will sell the balance anytime soon.

Posted by Agjl > 2019-10-21 19:41 | Report Abuse

Private placement takers could have signed sale and purchased agreement with the company and signed a monotorium not to dispose before ex bonus. It will only make sense this way

Posted by Agjl > 2019-10-21 19:42 | Report Abuse

The balance may be sold off tmrw

Posted by Hopeful > 2019-10-21 19:42 | Report Abuse

Agjl,

Hopeful....if your guess is right and i hope u r right, then the cancelation of treasury shares will boost earning. So coming quarter earnings will be boosted further by lesser shares in computation. Smart!

The Treasury Shares were not cancelled...they were sold for cash. So the number of shares outstanding remains the same.

Posted by Hopeful > 2019-10-21 19:48 | Report Abuse

Agjl,

Private placement takers could have signed sale and purchased agreement with the company and signed a monotorium not to dispose before ex bonus. It will only make sense this way

Agree with you 100% on this.

Posted by Invest_168 > 2019-10-22 10:15 |

Post removed.Why?

Posted by longranger > 2019-10-22 10:33 | Report Abuse

@168, precisely. these are the gunhand to shoot price sky high after warrant

Posted by longranger > 2019-10-22 10:36 | Report Abuse

together with private placement share, big show ahead in Nov.

Posted by Agjl > 2019-10-22 11:42 | Report Abuse

Lets all hope its show UP in November

Posted by longranger > 2019-10-22 16:33 | Report Abuse

97,600 treasury share disposed of today?

Posted by Steven Liew > 2019-10-22 18:16 | Report Abuse

So remaining 97,600 shares considered peanuts
Expecting share price to be moving higher & higher

Posted by kllady_fidah > 2019-10-25 17:10 | Report Abuse

looking at chart most likely gradual sustain upward until the exdate so can start ex price atleast 2 50..

Posted by akulamatata > 2019-10-25 21:29 | Report Abuse

Director just bought 1 Million share at rm4.85, already give hints loh.Next month quarter result believe hit another records

Posted by Joe Ng > 2019-10-26 19:40 | Report Abuse

Bought more shares

Posted by kllady_fidah > 2019-10-26 21:49 | Report Abuse

another hap seng in the making...only for the patience

Posted by kllady_fidah > 2019-10-29 21:36 | Report Abuse

expect sustainable price until the ex..

Posted by Agjl > 2019-10-30 10:21 | Report Abuse

Some nibling here and there till rm5 them ex

Posted by Agjl > 2019-10-30 10:22 | Report Abuse

There r buyers but all wan but few cents lower. It only takes a big lot buying to change their mind and rush in. Then price will spike. Supply and demand:)

Posted by mk00001 > 2019-10-31 11:58 | Report Abuse

JOHOR-based Guan Chong Bhd, the world’s fourth largest cocoa grinder, plans to keep expanding after its latest €60 million (RM278 million) investment in a new cocoa bean processing plant in Ivory Coast. It has set its sights on further expansion in the West African nation, which accounts for 40% of the world’s cocoa production.

Posted by Agjl > 2019-11-01 01:34 | Report Abuse

Frid last day to play before ex

Posted by kllady_fidah > 2019-11-01 09:52 | Report Abuse

buy buy

Posted by Agjl > 2019-11-01 13:00 | Report Abuse

Just a bit worry abt their debt level...

Posted by Stevarac > 2019-11-02 20:06 | Report Abuse

Yes, short term will impact. But long term this is how a company keep growing and expanding . If can hold , should be good .

Posted by slts > 2019-11-04 08:41 | Report Abuse

last fri price 4.89
ex price 2.33
how is 2.33 calculated, can anyone help?
i taught is 4.89/2=2.44