Disposal of the entire issued and paid up share capital of Samudra Oil Services Sdn Bhd to Destini Berhad for a disposal consideration of RM80.0 million to be satisfied entirely by 228,571,428 new ordinary shares of RM0.10 each in Destini Berhad
If u dun believe destini will drop back to around 0.500, its up to u. I was quit destini already because i follow kretam mr lim. I stand together with big shark. Join kretam at 0.590 and quit destini now if you already earn enough money.
This counter has performed a top reversal top, it's given bearish sign, shl come with selling pressure this few day may pegged at 0.50...if further will be at 0.45.Still dare to go in?
PETALING JAYA: Benalec Holdings Bhd and Destini Bhd saw a substantial block of their shares being traded off-market at a significant discount yesterday.
A filing with Bursa Malaysia indicated that Benalec managing director Datuk Leaw Seng Hai had disposed of a block of his 45 million shares in Benalec via an off-market transaction at 77 sen apiece.
This represented a discount of 13.5 sen, or 14.9%, to Benalec’s last-traded price. The counter yesterday gained one sen to close at 90.5 sen on a volume of 5.87 million shares.
The block of shares that Leaw had sold represented a 5.57% stake that he had indirectly held in Benalec via Oceancove Sdn Bhd and Oceanview Cove Sdn Bhd. Following the disposal, Leaw still has an indirect interest of 47.33% and direct interest of 0.055% in the marine and civil engineering-based company.
Destini, on the other hand, saw 31.12 million shares, or a 4.3% stake based on its paid-up of 721.96 million shares, cross off-market at 35 sen per share.
This represented a discount of 22 sen, or 38.6%, to Destini’s closing price of 57 sen. The counter yesterday fell five sen on a volume of 2.19 million shares.
Refer to my earlier posting :- 1st target : 50 sen . Passed 2nd target: 60 sen. Hit recently and consolidate now. 3rd target : 80 sen.- hope for better financial result announcement after incorporating acquisiion of Samundra oil and gas and contribution from mindef and vanguard. 4th target- likely hit rm 1.
Note: invest at your own risk. Purchased during free warrant announcement and keep it until now.
Pinnacle = Pinnacle 88 = brother.
Earlier post- Ecofirst from 19 sen and now 28 sen. Likely Consolidate now and awaiting their quarterly result and proposal free bonus warrant.
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ryan7642
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Posted by ryan7642 > 2014-04-08 16:53 | Report Abuse
1) buying the biz from FRB 2) grap gov project within 1-2wks time so wat u think next?