I think zamsaham still stuck at Ramunia time era...
If chk today vol.. its even 1.5X higher vol than 15 Oct 14 where price traded around 0.61-0.53 but rally up following days to 0.645 become consolidate lower and plunge with big vol at 10 & 13 Nov14 at price 0.53 - 0.47.
Today big vol and strong entry by big players with AVG 0.404, 68% buy, total transaction RM 29 million with big % trading at price range 0.40-0.42. Based on the movement and strong strength uptrend... the big player seems pushing the price back towards 0.45/0.47/ 0.51/0.53/0.57/0.60+.
those goreng perisai n thheavy are same gang.. when perisai start clear all the blocks same timebthheavy too..... alam n icon also same gang..hopefully tomorow will be continue uptrend
THHEAVY have strength.. can see from its RSI.. the buying pressure is strong. THHEAVY price get hit 1st on the proposal of rights & bonus issues on 7/10/14.
Its price plunged deep down 0.825 till 0.725 and continue to drop continuously for few days till hit 0.53 and then only the big players support came in on 15/10/14 and push up back till 0.645 on 31/10/14. Price then drop till the range of 0.53 - 0.47 - 13/11/14. Next drop is till 0.42 -0.40 - 1/12/14.
The big drop most likely coz of its warrant expiry and to avoid warrant conversion beside many -ve newsplay came out suddenly and world oil price also big drop. Panic sell and big players also exit fast.
Now with things more stabilize and oil price rebound, big players re-enter back with a big bang. From technical chart, its very bullish uptrend and today seems 2 be the 1st day/start of price rally after the hold back on 4/2/14.
Yesterday strong entry by big players with AVG 0.404, 68% buy, total transaction RM 29 million big % trading at price range 0.40-0.42. Support lvl at 0.40.
Consolidate back to last week 23/1/15 high 0.39 support lvl. Today trading vol is only half on the vol traded on 21 & 22/1/15 where the initial rise start.
right and bonus issued cancel..should be flying back to the roof..no dilution in share which the market already factored in by right should reverse that now...wakakakaka
Oil price drop abit but THHEAVY still +ve. Big players already accumulate a lot during the plunge/ long downtrend. Can c their trace of coming back, supporting and pushing the price up.
Previously when Rights & bonus issue announcement.. price drop from 0.825 till 0.725. Later continue drop till 0.53 and then only the big players support came in on 15/10/14 and push up back till 0.645 on 31/10/14. Price then continue drop back till the range of 0.53 - 0.47 - 13/11/14.
If based on the price support trend...strong support at 0.47 - 0.53. Next will be 0.53 - 0.645 - 0.725. AVG support based on the above historical price will be around 0.50+/-, 0.59+/- & 0.68+/-.
Sheep: u can sell 1st and go away if cant take the risk or feel its dangerous. Only for the strong heart and experience players. If u still don't know what is going on now...too bad.
Buying strength today morning still very strong... hit 0.44 with good high vol buying %. Buyer queue also good. +ve uptrend with strength.
TH Heavy proposes right issue of IICPS to raise RM300 million
KUALA LUMPUR (Feb 13): TH Heavy Engineering Bhd ( Financial Dashboard) has proposed a rights issues of up to 1.2 billion new Islamic irredeemable convertible preference shares (IICPS) at 25 sen each, to raise a gross proceed of up to RM300 million.
In a filing with Bursa Malaysia today, TH Heavy (fundamental: 0.35; valuation: 0.3) said the tenure of the preference shares are five years, and the proceeds will be utilised mainly for capital expenditure, working capital, and repayment of debt.
The IICPS will have annual dividends rate of between 3% to 5%.
The company has not decided on the entitlement basis for the IICPS issue. Nevertheless, it expects the corporate exercise to be completed by second quarter of 2015.
TH Heavy appreciated two sen or 4.82% to 43.5 sen today, with 39.26 million shares traded, giving it a market capitalisation of RM461.1 million.
3% to 5% yield guaranteed by the fpso revenue... who want to hold mother share that has no yield? profit for the next 5 years? mediocre. paid up balloon to 2.4billion upon maturity. (if they still exist then)
entitlement should be 1:1 therefore post right 30c range forever?
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Posted by ImCK > 2015-02-10 16:54 | Report Abuse
Congratz all shareholder !!!! TP 0.50 mari liao bulllish signal