After announcement of new substantial shareholder dated 7 September 2018 Volume have been building up..................
From 8 September to now 155m totalling 27% of paid up shares have been changed hand, it is believable that proxy fight will be happen to remove the board of directors.
Dato are very worry and have been aggressively buying Tiger at 10 cents from ACP as he is fully aware change will happen.
New shareholders will appear in the coming shareholders list in 2018 annual report to be release on 1 NOVENBER, ......
Proxy fight is the method to takeover a company by the way of buying more than 10% shares, hold EGM and convinces shareholders to vote out the current board and replace the approving board. However although it is popular in UK, USA, but never happen here.
A lot of good analyst like CALVIN TAN, LOGIC TRADING ANALYSIS, TAN K W, EQUITY DAIRY,CP TEH etc etc should team up their followers, instead of waiting and waiting and waiting the current board to declare, to change, to hope something benefit to the minority shareholders, they should do a step ahead by accumulate the proxy enough to pressure and even to remove the board to realign their business.
Please bear in mind a lot of listed company in BURSA, the controlling stake are very loose like 11% control in Tiger currently.
Utterly rubbish! Despite of recording two consecutive of much improved profits, the share price is over hanged with the 10% private placement placed at 0.46 piece back in December. The placee must be very frustrated.
Loss making, price drop. Profit making, price also drop. The only thing for sure are management and bod assets increase. That's is the norm. Est coming few quarters results will drop yoy as the past few quarters results were too good.
Nta over 4 times current price !!! N making decently good profit . Could easily goto at least 80 sen. Anything below 60 sen can consider . I like this one , Soon di
I understand the jesselton quay project is expected to be completed within the year.
CityPads (the apartment or condo? not so sure what's its called) all sold except 2 units. All commercial units for Airbnb I think. (Let's hope that once its completed tourism back on track) I forgot how many units, 149x2 perhaps??
The GalleryShoppes are for lease only. Once economy back on track next year, maybe co. can bag some income....
i love the development, to be honest, been to the pier and it will be pretty nice.. but again, we are here to make $$ and the damn owners, not the goreng type
Why suddenly wake up and climb up so dramatically. Any take over news as suggested by KONG88? I do hope so, but I am very doubtful as controlling shareholder is not keen to give up control. Interested parties or insiders, kindly let us know. Thank you.
Something is brewing in SBC judging from the market price being spiked up recently. I believed insiders are slowly accumulating SBC shares. Very likely, along with the coming QR, we will know what is going on and the reasons for SBC share price movement.
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....
LAC8188
35 posts
Posted by LAC8188 > 2018-01-09 18:49 | Report Abuse
if i am the director. i will -150% of my salary..