Details can be read from Bursa website, circular to shareholders in Nov 2016. Purchase is paid via part cash and part shrs at RM0.70. The shares were transferred last Fri
The management informed that the Certificate of Acceptance for UNIMAP Student Hostel has been received in August 2017. Following this, the acquisition of a 70% stake in SEP Resources (M) Sdn Bhd (SEP) which holds the concession, was completed in end-September 2017. Subsequently, 27.7mn consideration shares of PESONA was issued and listed on 9 October 2017. The acquisition of the remaining 30% of SEP is expected to complete by 1Q18. PESONA has started recognising the maintenance revenue for the student hostel in 2Q17. With the partial completion of the acquisition of SEP, PESONA will start recognising availability charges starting 4Q17. This will provide stable recurring income to the company for the next 20 years.
from technical view there are no clear signal this stock will rebound anytime soon. RSI, MACD are shown pesona is still on the downtrend. im expecting it will drop few more cents, perhaps till around 0.45-0.46 price range.
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HuatRex
2,617 posts
Posted by HuatRex > 2017-10-02 18:33 | Report Abuse
Game over